VANCOUVER, Oct. 28 /PRNewswire/ - GREENLIGHT RESOURCES INC. (TSXV.GR) announces that pursuant to the terms of the Letter of Intent, dated April 14, 2010 between the Company, Champlain Mineral Ventures Limited ("Champlain") of Bridgetown, Nova Scotia and Silchlor Inc. ("Silchlor") of Pittsburgh, Pennsylvania; the Company has commenced the evaluation of the patented Silchlor Cyclic Vacuum Chlorination Process.
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 recent Brazil Lake drilling program completed at the end of September, 2010 will be used in order to ascertain the commerciality of the Silchlor process on the Brazil Lake Spodumene.
Recently having completed ten year tenure as a professor in the Faculty of Engineering, Dalhousie University, Dr. Flint achieved his PhD in Mining and Mineral Processing Engineering from the University of British Columbia in 2001. Previously he acquired a Master in Arts and Science, Metallurgical Engineering from the University of Toronto in 1989. His academic work has focused on independent industrial process design including graphite, lithium physical and chemical separations, feldspars, oil removal, cosmetics, mica, diamonds, river energy and tidal energy. Dr. Flint has previously been employed by Cominco Engineering Services Ltd ("CESL") from 1989 to 1993 and then from 1997 to 1999. While employed by CESL; he worked on the design and commercialization of floatation column solutions for the mining industry.
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.
Brazil Lake Project
Greenlight has recently completed in September 2010 its phase one drilling program on the Brazil Lake property comprising 28 cored holes totalling 2,652 meters. The program targeted the two known spodumene-bearing pegamatite dikes on the property, the North and South dikes. Pegmatite intersections containing spodumene mineralization of up to 11 meters over true width have been encountered in the current drilling program. Spodumene mineralization accounts for the lithium content within the pegmatites.
Greenlight's recently completed field exploration programs within the original claim blocks, have identified new primary target areas, which are in addition to the known North and South pegmatite dikes. Three new targets, identified by pegmatite boulder float trains, the Deerfield, Army Road and Church Road will be further explored in the fall. Several other areas containing pegmatite float have been identified and will be followed up in later programs.
The company announced Oct 26th 2010 that it will be starting a new field exploration program in November, on the recently acquired claim blocks that have yet been explored, an area approximately 7 km by 2 km. The objective of this program is to duplicate the kind of success achieved on the original claim blocks.
On June 17, 2010, the Company filed a NI 43-101 compliant report on the Brazil Lake property. Approximately 30 holes were drilled by the property's previous private owners. Results indicated that cores returned Li2O grades of economic interest. More specifically, hole BZ-02-15 returned a weighted average Li2O grade of 1.47% over a true width of 12.53 meters, beginning at a down hole depth of 30.9 m, and BZ-93-4 returned a weighted average grade of 1.27% Li2O over 20.9 meters true width, beginning at a down hole depth of 47.1 meters. These intercepts and others contain sub-interval Li2O grades exceeding 2.5%.
Other Potential Rare Metals and Industrial Minerals
Prior work on the Brazil Lake pegmatites has also been directed toward definition of valuable mineral or metal components additional to lithium, and preliminary results show that potential exists for creation of industrial mineral products such feldspar, quartz and mica. The company is also investigating potential for recovery of rubidium, tantalum and tin from the pegmatites. On March 2nd, the Company announced assay results from drill holes which addressed other rare metals contained within the Brazil Lake pegmatites. These included rubidium ("Rb"), beryllium ("Be") and tantalum ("Ta"). Examples of the grades included Hole #02-15 in the lithium pegmatites which returned values up to 1,398 parts per million ("ppm") Rb over 15.3 meters including 2,625 ppm Rb over 4.2 meters. Hole #02-24 in the lithium pegmatites returned Be values of up to 200 ppm over 35.8 meters, including 304 ppm Be over 14.9 meters. Also, hole #93-2 in the lithium pegmatites returned Ta values of up to 102 ppm over 24 meters, including 541 ppm Ta over 1.0 meter. (One parts per million is equal to one gram per tonne)
About GreenLight Resources Inc.:
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, and 12 kilometres west of the Avalon Rare Metals (AVL) East Kemptville Project. 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.
Greenlight also recently announced a letter of intent to earn up to a 100% undivided interest in the 3,440 acre Porcupine-Upper Miramichi Rare Earth Property in New Brunswick. The primary target is the various rare earth elements (REE's) which have anomalous values in soil samples on the property including Samarium (Sm) 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). Anomalous soil assays for HREE's found on the property 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).
On Behalf of the board of directors
Ron Bourgeois, President
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Tel: (604) 488-3900, email: info@GreenLightResources.ca
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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.