Glacier Lake sam­ples 46 g/t sil­ver at Sil­ver Vista

Stockwatch Daily - - MINES & METALS - Mr. Saf Dhillon re­ports

GLACIER LAKE Re­sources Inc. has re­ceived the as­say re­sults from its suc­cess­ful first-pass ex­plo­ration pro­gram con­ducted on the south­ern half of its Sil­ver Vista prop­erty near Smithers, B.C. The sam­pling con­cen­trated on ex­plor­ing new tar­gets, away from the known show­ings in an ef­fort to ex­pand the foot­print of the min­er­al­ized sand­stone.

Key re­sults from the 28 sam­ples taken in­clude:

• SV17BR-19 re­turned 46 grams per tonne sil­ver and 8,570 parts per mil­lion (0.857 per cent) cop­per from a tab­u­lar piece of sand­stone float 600 me­tres to the south of main show­ing area. This was a grab sam­ple of abun­dant iron ox­ide with some frac­ture man­ganese ox­ide and mala­chite in very strongly iron car­bon­ate al­tered sand­stone.

• SV17BR-02 re­turned 6.1 g/t Ag and 1,065 ppm (0.106 per cent) Cu from an iron rich in­tensely car­bon­ate quartz al­tered float cob­ble, ly­ing ap­prox­i­mately 1,000 me­tres south­west of the main show­ing area. The al­ter­ation was so in­tense the orig­i­nal lithol­ogy could not be de­ter­mined.

• SV17BR-06 re­turned 13.9 g/t Ag and 56 ppm Cu from rusty an­gu­lar to sub­rounded float cob­bles of sand­stone. The sam­ple is strongly car­bon­ate al­tered with rusty frac­tures and man­ganese stain­ing and was lo­cated 1,100 me­tres south of the main show­ing area.

• SV17BR-07 re­turned 8.9 g/t Ag and 162 ppm Cu from rusty or­ange weath­ered an­gu­lar float pieces of sand­stone. The sam­ple was lo­cated 1,250 me­tres south­west of the main show­ing area.

An ad­di­tional 22 rock sam­ples were taken dur­ing the sam­pling pro­gram with val­ues of th­ese sam­ples rang­ing from back­ground to two g/t Ag and five to 117 ppm Cu. The bulk of th­ese sam­ples were an­gu­lar to sub­rounded float sam­ples, largely of sand­stone, con­cen­trated in the area to the south of the known show­ings.

The fi­nal two sam­ples were taken from the newly staked claims to the south, where a se­ries of strongly al­tered sub­rounded to an­gu­lar boul­ders were dis­cov­ered. SV17BR-12 re­turned 1.4 g/t Ag and 47 ppm Cu, but more im­por­tantly 312 ppm lead and 1,605 (0.160 per cent) zinc from in­tensely car­bon­ate-al­tered an­desite with 1 per cent to 2 per cent vis­i­ble sul­phides. SV17BR-13 re­turned 0.5 g/t Ag and 56 ppm Cu, but again 53 ppm Pb and 1,115 (0.111 per cent) Zn from gos­sanous boul­ders ex­hibit­ing strong car­bon­ate quartz al­ter­ation and mi­nor pyrite.

Fol­low­ing the suc­cess­ful first pass sur­face pro­gram, a phase 1 drill pro­gram tar­get­ing the MR zone of the Sil­ver Vista project is planned. Saf Dhillon, pres­i­dent and di­rec­tor of Glacier Lake, re­ports that: “We are ex­cited to com­mence a drill pro­gram this fall that will tar­get the zone of high-grade cop­per min­er­al­iza­tion pre­vi­ously dis­cov­ered by Eq­uity Sil­ver Mines in the 1990s. The pur­pose of the pro­gram will be to con­firm and ex­pand this zone and re­in­force our con­cept that Sil­ver Vista is char­ac­ter­ized by Sedex min­er­al­iza­tion.”

All sam­ples from the phase I sur­face pro­gram were sent to ALS Min­er­als Ltd.’s North Van­cou­ver, B.C., lab­o­ra­tory, an 17025:2005 cer­ti­fied fa­cil­ity. All sam­ples were col­lected by Mam­moth Ge­o­log­i­cal Ltd. per­son­nel and se­curely stored un­til de­liv­ery to ALS Min­er­als. At this early stage of ex­plo­ration, Glacier Lake is re­ly­ing on the cer­ti­fied stan­dards uti­lized by ALS Min­er­als as part of it anal­y­sis pro­to­cols. No qual­ity as­sur­ance/qual­ity

con­trol anom­alies were noted in the analy­ses.

The tech­ni­cal con­tent of this news re­lease has been re­viewed and ap­proved by R. Tim Hen­neberry, PGeo, a mem­ber of the Glacier Lake ad­vi­sory board and a qual­i­fied per­son as de­fined by Na­tional In­stru­ment 43-101 — Stan­dards of Dis­clo­sure for Min­eral Projects.

Satvir Singh Dhillon, Stanis­law Piotr Szary, Michael C Withrow

(GLI) Shares: 26,164,213

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