GreenLight Initiates Examination of Cash Flow Potential
28 Septembre 2011 - 5:35PM
Marketwired
GREENLIGHT RESOURCES INC. (TSX VENTURE: GR)(OTCBB:
PRZCF)(FRANKFURT: PH0), is pleased to announce that it has
commenced testing bulk till samples for potential economic
quantities of placer gold. The program continues the work conducted
by Ayarco Gold in 2005 which identified an area on the east side of
the Kemptville Gold Property containing significant quantities of
gold throughout the overburden profile. Raw till samples from this
program identified grades up to 0.49 grams per tonne with a
recovery rate of up to 93.9%. Channel sampling of one of these
sites returned approximately 500 ppb (parts per billion) Au (gold)
over a 3 meter thick exposure of till. The current program will
conduct controlled testing of bulk samples of this till in order to
determine if there is sufficient gold to warrant an alluvial gold
operation.
Three samples of the till, weighing about 600 kilograms will be
taken as a channel sample from the prospective area. The sample
will then be taken to the Mineral Engineering Center at Dalhousie
University for Au separation work. The till will be scrubbed to
remove the clay fraction and then put through a spiral separation
unit to obtain a pre-concentrate. A gold concentrate will then be
produced from the pre-concentrate on a Wilfrey table. If the
results of this program indicate gold in economic concentrations in
the till, several other sites have been selected for follow-up
testing. Readers are cautioned that additional work will be
required to determine if an alluvial gold operation will be
economically feasible.
The gold property, located north of the village of Kemptville,
encompasses one of Nova Scotia's historic gold mining districts,
and is less than a 20 minute drive along a paved highway from
Greenlight's Brazil Lake property.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI
43-101 is responsible for the technical information contained in
this release.
On Behalf of the board of directors
Christopher R Anderson, CEO - President
Read about GreenLight Resources Inc.:
http://greenlightresources.com/corporate-overview/
Read Disclaimer:
http://greenlightresources.com/legal-disclaimer/
Facebook: http://facebook.com/GreenLightResources / Twitter:
@GreenLightRes / Myspace: http://myspace.com/518719311
A picture and a link to the Kemptville Report is available at
the following address:
http://media3.marketwire.com/docs/GreenLight_0928.pdf
Contacts: GreenLight Resources Inc. Investor Relations John
Curle (604) 488-3900 IR@GreenLightResources.com
www.GreenLightResources.ca
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