Greenlight Stakes the Shear Mine Gold Occurrence, Historic Assays 17.14 g/t Au, New Brunswick, Canada
10.11.2011 | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 10, 2011) - 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
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