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or Name
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Glacier Lake Resources Inc
Symbol GLI
Shares Issued 26,164,213
Close 2017-08-14 C$ 0.08
Market Cap C$ 2,093,137
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Glacier Lake begins exploration at Silver Vista

2017-08-16 09:08 ET - News Release

Mr. Saf Dhillon reports

GLACIER LAKE COMMENCES 2017 EXPLORATION PROGRAM AT SILVER VISTA

Glacier Lake Resources Inc. has commenced the 2017 first-pass exploration program on its Silver Vista property near Smithers, B.C. The multiple objectives of the first-pass program are to verify access into the various parts of the property, locate the main showings and prospect favourable areas identified by Amarc Resources Ltd. during its exploration programs from 2011 through 2014.

Glacier Lake plans to follow this first-pass program with a diamond drilling program later in the field season. The company has posted the requested bond with the British Columbia Ministry of Energy and Mines and anticipates receiving its drilling permit shortly. The drilling will target the MR zone, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone. Historical exploration includes soil geochemistry, trenching and diamond drilling in an area of limited outcrop exposure.

  • Soil geochemistry outlined an area approximately 1.5 by two kilometres around the MR prospect area.
  • Six excavator trenches highlighted an area 100 metres long by 17 metres wide, with three of the trenches intersecting mineralized bedrock: trench 2 -- 10.5 metres at 0.22 per cent copper and 38 g/t (grams per tonne) silver, trench 3 -- 16.5 metres at 0.53 per cent copper and 74 g/t silver, and trench 4 -- 15 metres at 0.53 per cent copper and 28 g/t silver.
  • Fourteen drill holes totalling 1,252.5 metres 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 g/t silver, MR91-03 -- 61.91 metres at 0.11 per cent copper and 40.5 g/t silver, MR91-04 -- 25.9 metres at 0.08 per cent copper and 62.6 g/t silver, and MR92-02 -- 36.58 metres at 0.49 per cent copper and 26.8 g/t silver.

Three other anomalous zones were identified by Amarc during its exploration programs. Further details can be found in the recently completed National Instrument 43-101 report on the property located under the company's SEDAR profile.

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.

We seek Safe Harbor.

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