VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Glacier Lake Resources Inc. (TSX-V:GLI) (“Glacier” or the “Company”) is pleased to announce that it has been granted permit approval by the British Columbia Ministry of Energy and Mines for drilling and trenching activities on the company's flagship Silver Vista copper-silver project, located near Smithers, British Columbia.
The Mines Act Permit (MX-1-987) allows for up to 40 drill sites, 10,000 meters of drilling and 10 trench/pit sites, over a 5 (five) year period. The objective of the drilling program is to verify and expand the copper-silver mineralization intersected in the 1991 and 1992 historical drilling programs.
Equity Silver Mines Limited completed fourteen drill holes (1992) totaling 1,252.5 metres. Equity identified a semi-continuous zone 300 metres long by 50 metres wide by 3 to 150 metres deep with two of the holes ending in mineralization. Key intercepts include: MR91-01 – 32.87 metres at 0.19% Cu and 34.8 gpt Ag, MR91-03 – 61.91 metres at 0.11% Cu and 40.5 gpt Ag, MR91-04 – 25.9 metres at 0.08% Cu and 62.6 gpt Ag and MR92-02 – 36.58 metres at 0.49% Cu and 26.8 gpt Ag. Hole MR92-02 intersected a higher-grade intersection of 2.84 meters averaged 195.7 g/t Ag and 3.65 % Cu at a depth of 192.62 meters, and this represents the only deep hole to test this zone, and is a primary drill target for follow-up.
Glacier Lake Resources Inc. has yet to verify the Equity exploration date. Data verification is one of the primary objectives of this drilling program.
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“We look forward to commencing the first drill program on the Silver Vista since 1992" said Saf Dhillon, President and Chief Executive Officer. "The focus of this fall’s campaign will be to confirm and expand the higher-grade mineralization intersected in hole 92-02 and to test the potential of the large silver-in-soil geochemical anomaly, measuring 1.5 by 2.0 kilometers.”
Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
