Glacier Lake Resources Inc. has been granted permit approval by the British Columbia Ministry of Energy and Mines for drilling and trenching activities on the company's flagship Silver Vista copper-silver project, located near Smithers, B.C. The Mines Act permit (MX-1-987) allows for up to 40 drill sites, 10,000 metres of drilling and 10 trench/pit sites over a five-year period. The objective of the drilling program is to verify and expand the copper-silver mineralization intersected in the 1991 and 1992 historical drilling programs. Equity Silver Mines Ltd. completed 14 drill holes (1992) totalling 1,252.5 metres. Equity identified a semi-continuous zone 300 metres long by 50 metres wide by three to 150 metres deep with two of the holes ending in mineralization. Key intercepts include: MR91-01 -- 32.87 metres at 0.19 per cent copper and 34.8 grams per tonne silver; MR91-03 -- 61.91 metres at 0.11 per cent Cu and 40.5 g/t Ag; MR91-04 -- 25.9 metres at 0.08 per cent Cu and 62.6 g/t Ag; and MR92-02 -- 36.58 metres at 0.49 per cent Cu and 26.8 g/t Ag. Hole MR92-02 intersected a higher-grade intersection of 2.84 m averaged 195.7 g/t Ag and 3.65 per cent Cu at a depth of 192.62 m, and this represents the only deep hole to test this zone and is a primary drill target for follow-up.
Glacier Lake Resources has yet to verify the Equity exploration date. Data verification is one of the primary objectives of this drilling program.
"We look forward to commencing the first drill program on the Silver Vista since 1992," said Saf Dhillon, president and chief executive officer. "The focus of this fall's campaign will be to confirm and expand the higher-grade mineralization intersected in hole 92-02 and to test the potential of the large silver-in-soil geochemical anomaly, measuring 1.5 by 2.0 kilometres."
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