Greenlight Stakes the Shear Mine Gold Occurrence, Historic Assays 17.14 g/t Au, New Brunswick, Canada
10 Novembre 2011 - 3:00PM
Marketwired
GREENLIGHT RESOURCES INC. (TSX
VENTURE:GR)(OTCBB:PRZCF)(FRANKFURT:PH0) is pleased to announce that
the Company has acquired by staking a further 2,400 acres adjacent
to its Otter Lake property in northern Charlotte County, New
Brunswick. GreenLight previously announced an option agreement with
Portage Minerals Inc. (CNSX:RKX) and Rockport Mining Corp. to
acquire a 50% interest in the 4,160 acre Otter Lake property. The
new staking increases GreenLight's contiguous land position to
6,560 acres.
The newly acquired lands which are 100% owned by GreenLight are
situated 15 km east of the Mt. Pleasant Zn (zinc), In (Indium), W
(tungsten), Mo (Molybdenum), Bi (Bismuth) deposit. Located on the
property is the Pender Brook Fault Zone which hosts the Shear Mine
occurrence. This is an old shaft (1868 vintage) that was sunk on a
30 cm wide quartz vein carrying pyrite, magnetite and minor
chalcopyrite. Historical assays from the time the shaft was sunk
assayed up to 17.14 g/t (grams per ton) Au and subsequent sampling
returned 9.6 g/t Au and 60 g/t Ag. The mineralization here is
associated with a wide silicified, sericitic shear zone within the
Pender Brook Fault.
Assays cited above have been taken from previous assessments
reports. Readers are warned that "historical records" referred to
in this release have been examined but not verified by a "Qualified
Person". Further work is required to verify that the historical
assays referred to in this release are accurate.
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
To view the Otter Lake Property map, click on the following
link: http://media3.marketwire.com/docs/g119.jpg
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
Contacts: GreenLight Resources Inc. John Curle Investor
RelationsIR@GreenLightResources.comwww.GreenLightResources.com
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