VANCOUVER, Feb. 3 /PRNewswire/ - GREENLIGHT RESOURCES INC. (TSXV.GR), announces that the results of its 28 hole, 2,592 meter diamond drill program on its Brazil Lake Lithium project. The Brazil Lake property, which has excellent access and infrastructure, is located near the deep water port of Yarmouth Nova Scotia.
Diamond drilling by the Company in the fall of 2010 was focused primarily on structural drilling to define the extensions of the two Lithium-bearing pegmatite dikes outlined in previous exploration efforts. The two spodumene-bearing pegmatite bodies are 275 to 300 meters in length and 300 meters apart, trending approximately 050°, dipping 55° to 75° SE and plunging to the south at approximately 50°.
Some highlights of the assay results received from the current drill program are as follows:
|Hole ID||From (m)||To (m)|| Intersection* (m)
|Li2O (%) **|
Note: Average grades presented are average grades of samples from the zones
(* intersections are true widths with each hole drilled at approximately 40 to 55° to the vertical)
(** Lithium oxide percent)
(*** Channel drill holes)
The 2010 drill program shows the North Dike to have a maximum true thickness of 17 meters averaging about 8.5 meters. The dike is approximately 300 meters in length and the Lithium-bearing portion of it is approximately 160 meters in length and has been followed down dip for a distance of 175m (115 meters vertical depth). It remains open at depth. While drill holes from the current program were located primarily on the down-dip extensions of the pegmatite, the lithium content of the North Dike ranged from 0.25% Li2O to a high of 2.15% Li2O with an average of 1.08% Li2O.
Based on the results of the 2010 drill program, the South dike has a strike length of 120 meters and an average width of 5.7 meters. It has been traced down dip for a distance of 80 meters. Drill hole intercepts from the current program ranged from 0.02% Li2O to a high of 2.23% Li2O returned an average grade of 0.69% Li2O. Lithium grades here are also open down-plunge. Channel samples were also taken from seven drill holes drilled to approximately 20 meters depth along the strike of the south dike. Drill hole intercepts from these holes ranged from 0.03% Li2O to a high of 2.30% Li2O returned an average grade of 1.39% Li2O.
Significant intersections of Rubidium (Rb) were also encountered in some holes. Examples of the grades included Hole BZ-10-01 which returned values up to 0.17% Rb over 5.24 meters, Hole BZ-10-03 which returned values up to 0.11% Rb over 10.94 meters, Hole BZ-10-12 which returned values up to 0.11% Rb over 8.48 meters and Hole BZ-10-20 which returned values up to 0.14% Rb over 27.40 meters.
Future drill programs will include infill drilling for increased resource definition and identifying high grade shoots within the dikes. The drilling and other data on the property has been turned over to an independent geological consulting firm, which will produce a 43-101 compliant resource calculation.
A diamond drill hole location map is included in figure 1 and a longitudinal section of the North Dike with Lithium oxide percentages are shown in figure 2.
PDFs on site - Fig 1 & 2
JPGs on GR site - Fig 1 and 2 http://greenlightresources.ca/graphics/gr-fig1-2010-diamond-drillhole-location-map2500-v1a(1).jpg http://greenlightresources.ca/graphics/gr-fig2-1000-northplan-profile1-li2o-v3.jpg
Continuing Exploration Programs
Field exploration commenced in January 2011 is being carried out on areas of pegmatite float approximately one kilometer south of the North Dike known as the Church Road area. The Church Road area is marked by the presence of both large boulders of spodumene pegmatite and of small fragments of spodumene crystals in the overburden. A nominal 100 by 100 meter grid of backhoe pits has been dug up-ice from the northernmost point of spodumene-bearing boulders. The pits are sampled at 1meter intervals and about 10 kilograms of till from each interval is screened and washed and the spodumene crystals are collected and counted. As the source area for the spodumene is approached the number of spodumene-bearing fragments should increase toward the base of the till column. The train has been traced by pitting for over a kilometer and now significant concentrations of spodumene are being seen in the basal till. Further pitting will be carried out to "hone -in" on the source dike. It is felt that a new discovery is imminent there.
The property, which is mostly overburden covered, has good potential for finding more spodumene bearing pegmatite bodies.
Silchlor Cyclic Vacuum Chlorination Process
The Company also confirms that it is proceeding with the testing and evaluation of its patented Silchlor Cyclic Vacuum Chlorination Process announced October 28, 2010. Dr. Ian Flint of Halifax, Nova Scotia has been retained to manage the assembly of a small scale reactor as well as supervise its testing and evaluation. Assayed samples from the Brazil Lake drilling program discussed above will be used in order to ascertain the commerciality of the Silchlor process on extracting Lithium from the Brazil Lake Spodumene.
The objectives of the Company's bench testing of the Silchlor Cyclic Vacuum Process include:
- Demonstrate similar or lower cost profiles as the solar brine process used to extract Lithium from salt pans in South America and Nevada.
- Minimize waste product.
- Reduction in impurities in the initial Lithium Chloride product which could allow for less complicated procedures to produce high purity products with increased values.
- Recovery of additional marketable products in the Spodumene, in particular Rubidium as well as aluminum chloride and silica tetrachloride.
Current Lithium prices area approximately $6,500 per tonne and Rubidium is approximately $11,000 per kilogram.
About GreenLight Resources Inc.:
Lithium and Rare Metals Project - Brazil Lake
GreenLight Resources Inc. is a Canadian exploration company focused on the discovery and development of Lithium and rare metal deposits. The Company is currently focused on the 8,520 acre Brazil Lake property is located approximately 30 kilometres north of Yarmouth, Nova Scotia. Drilling to date has successfully revealed two Lithium bearing pegmatite dikes. In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar.
Rare Earth Element Project - Porcupine Upper Miramichi
On October 15th 2010, the Company announced the signing of a letter of intent to earn up to a 100% undivided interest in the Porcupine-Upper Miramichi Rare Earth Property in New Brunswick. The primary target is the various rare earth elements (REE) that were discovered in soil samples on the property in 2007. Soil assays for REE's include Samarium (Sm), with reported with grades of up to 218 ppm (g/t) and Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium (Nd) with grades of up to 1190 ppm (g/t), Ytterbium (Yb) with grades of up to 31.3 ppm (g/t) and Yttrium (Y) with grades of up to 472 ppm (g/t). Reported assays for Heavy REE's include Terbium (Tb) with grades up to 20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t) while reported light rare earth metals include Cerium (Ce) with grades up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm (g/t).
Gold Project - Kemptville
On November 5, 2010, the Company, announced a letter of intent to acquire a high grade gold prospect located in one of Nova Scotia's historic gold mining districts. The Property is comprised of 127 claims (40 acres each) for a total of 5,080 acres. 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 the Company's Brazil Lake Lithium and rare metal property.
Eastern Geophysics Limited of West Pubnico, Nova Scotia, was recently retained to conduct an induced polarization/resistivity (IP) survey geophysical survey over the property which has been completed. SJ Geophysics Ltd. of Delta BC, has been retained to analyze the geophysical data, including processing, modelling, inverting and interpretation of the geophysical data. 3D maps will be produced compiling the geophysical data with all other geochemical and drill data from property. The compiled data will assist in planning a drill program expected in the spring of 2011.
High grade gold was discovered on the property over 100 years ago and was produced primarily in the late 1800's from two underground mines, the Kempt and the Cowan. Modern exploration techniques were used to identify a target area between the two former producers featuring numerous high grade angular float boulders, several of which have assayed over 300 g/t (grams per tonne) (about 9 ounces/ton) Au. Recent bulk till sampling over an area approximately three square kilometres has identified a very large "gold in till" anomaly measuring approximately 800 meters in width and extending 2,000 meters down ice. It is centered in an area between the two former mines, coincident with the area of high grade float. The analysis revealed gold grain counts up to about 1,000 grains in a standard 10 kilogram basal till sample. Analysis of the morphology of the gold grains indicates that they have travelled only about 100 meters from source. This technique played an important part in identifying some of the zones in the very large Rainey River gold property in Ontario. However, float samples are selective by nature and are unlikely to represent average grades on the property.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
The Company also granted options to buy 768,750 shares total to certain officers, consultants and directors of the Company. The options shall be exercisable at a price of $0.25 cents per share and shall have a term of two years.
On Behalf of the board of directors
Ron Bourgeois, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements relating to future events or future performance and reflecting Green Light Resources management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Green Light Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Green Light Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Green Light Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
SOURCE Greenlight Resources Inc.