GreenLight Identifies Gold-Molybdenum-Antimony Boulder Field 30 g/t Au-1010 g/t Mo-131 g/t Sb
These boulders are visually the same as the targeted altered greywacke sequences intersected in the recently completed diamond drill program. However, the float boulders are also enriched in molybdenum (Mo) and antimony (Sb) whereas the altered greywacke intersected in the drill program are not. The float samples range from approximately 50 to 1010 ppm (parts per million) Mo and up to 131 ppm Sb but the drill core samples are never above background levels of 2 ppm Mo and <1 ppm Sb. Clearly this indicates a separate set of mineralizing conditions that was not previously seen on the property. The Au/Mo/Sb association indicates the possible presence of a porphyry / epithermal system on the property. Previous mapping on the claims in the 1980's indicated the presence of an epithermal quartz breccia system to the NE of the float area and a chloritic tin bearing zone immediately to the NW of the float boulders. The presence of an Au/Mo/Sb lying between these two zones bolsters the evidence for an underlying porphyry or epithermal target.
The company has contracted Dr. Ralph Stea to carry out till studies in order to ascertain the direction of ice movement and distance of transport of these mineralized boulders. Although this study is ongoing, his initial reaction, after doing some up-ice trenching was that "these angular boulders must derive from local bedrock". A soil sampling survey for Mo was conducted over the up-ice ground to the north of the boulders, however these results have not been received from the lab as yet. Several untested IP anomalies lie to the north of the boulder clusters and these will be tested by diamond drilling pursuant to Dr. Stea's recommendations.
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
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