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or Name
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Glenmark Capital Corp
Symbol GLM
Shares Issued 62,695,724
Close 2014-12-09 C$ 0.33
Market Cap C$ 20,689,589
Recent Sedar Documents

ORIGINAL: Glenmark plans 7,500-metre drill program at Poplar

2014-12-09 21:01 ET - News Release

Received by email:

File: Glenmark_NR Dec 10 WORK PROGRAM PDG EDIT.docx

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GLENMARK CAPITAL CORP.      1600 - 609 Granville Street     Vancouver, BC V7Y 1C3     www.glenmark.ca



GLENMARK ANNOUNCES WORK PROGRAM FOR POPLAR COPPER PROJECT


December 10, 2014 - Glenmark Capital Corp. (TSX.V: GLM; US OTC: GLRKF; Frankfurt: 17G) ("Glenmark" or the "Company") i
--->s pleased to announce a proposed work program for its Poplar Copper-Molybdenum Project in Central British Columbia. 

The proposed program consists of up to fifteen diamond drill holes to total 7500m, designed to further define and char
--->acterize the Poplar deposit, with the intention of expanding and updating the known resource.  Additionally, the propo
--->sed work program will test the highest priority of the seven additional distinct exploration targets on the Property, 
--->the Red Pine.  The Red Pine target lies approximately 10km northeast of the main Poplar deposit and is the location of
---> a strong ring-shaped EM conductivity anomaly several kilometers in diameter.  This Airborne EM anomaly is interpreted
---> as an indicative signature of copper-molybdenum porphyry deposits in the Region, and warrants detailed examination. 

The Red Pine target displays geophysical and geochemical similarities to the main deposit.  Access to the Red Pine is 
--->very good as it lies only a few hundred meters off existing road access. Prior to the proposed drilling campaign at  R
--->ed Pine, a series of targeted ground-based mineral exploration programs are planned, including additional geologic map
--->ping/sampling/trenching, as well as a focused 3D Induced Polarization geophysical survey.  These first phase explorati
--->on programs are designed to more tightly constrain drill targets for follow-up evaluation.  Permits to conduct these e
--->xploration activities are currently being prepared to file with the B.C. Provincial Government and it is expected the 
--->first phase of mineral exploration will begin towards the latter part of Spring, 2015.  These programs are subject to 
--->financing. 

The Poplar 2015 exploration programs have been designed by Paul D. Gray P.Geo. For more information about this project
---> and other Glenmark assets, please visit the company website at www.glenmark.ca. In addition, a video on the Poplar De
--->posit is available for viewing on the homepage. 

The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Bo
--->rn is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release. 

 About the Poplar Copper/Moly Project
The Poplar Copper-Moly property covers an area of 67,862 hectares in the Omineca Mining Division, in the central inter
--->ior of British Columbia, 50km south of the town of Houston. The Huckleberry Mine located approximately 35km southwest 
--->of the property, produces copper and molybdenum from a deposit of similar age and geological setting. 
In 2012, G. H. Giroux, MASc., P. Eng. estimated the resource present on the property. A three dimensional solid was co
--->nstructed to constrain the mineralized area, using a 0.1 % Cu grade shell as a guide. Large internal waste zones were 
--->modelled as were some larger post mineral dykes. Of the total data base 129 drill holes totaling 37,205 m were within 
--->the mineralized zone and were used to estimate the resource. Drill holes were compared to the mineralized solid and as
--->says were tagged if inside.

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In a NI 43-101 technical report prepared for Lions Gate Metals Inc., entitled "2012 Resource Update on the Poplar Depo
--->sit" (the "Lions Gate Metals Report"), copper, molybdenum, gold and silver assays within the mineralized solid were ca
--->pped at 1.4 % Cu, 0.14 % Mo, 0.34 g/t Au and 41 g/t Ag. Five metre composites were formed and used for variography. Fo
--->r this estimate, and to aid with some preliminary planning, the blocks were reduced to 5 x 5 x 10 m in dimension and w
--->ere estimated for Cu, Mo, Au and Ag by ordinary kriging. The historical resource is classified as Indicated and Inferr
--->ed based on each block's proximity to data and the grade continuity. At a 0.20 % Cu cut-off within the mineralized sol
--->id the Indicated resource is 131 million tonnes at 0.31% Cu, 0.009 % Mo, 0.09 g/t Au and 2.39 g/t Ag while the Inferre
--->d resource is an additional 132 million tonnes grading 0.27 % Cu, 0.005 % Mo, 0.07 g/t Au and 3.75 g/t Ag. This histor
--->ical information was taken from the Lions Gate Metals Report, a copy of which is available on SEDAR under Lions Gate's
---> profile. A qualified person has not done sufficient work to classify these historical estimates as current, and the C
--->ompany is not treating them as current. As part of its continuing disclosure requirement 
The Project also has a host of similar regional targets, identified through airborne geophysics, all of which have cha
--->racteristics common to porphyry style deposits. 

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Glenmark anticipates preparing a technical report on the Poplar project, to update this historical information. A copy
---> of a NI 43-101 technical report prepared for Lions Gate Metals Inc. can be viewed at the company's website: www.glenm
--->ark.ca. 


For further information, please contact:
 Richard W. Grayston
President & CEO
Phone: (604) 990-1012
Email: rwgrayston@glenmark.ca
 Rob Gamley Contact Financial Corp.
Phone: (604) 689-7422 
Email: rob@contactfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

This press release contains forward-looking statements and forward-looking information (collectively, "forward looking
---> statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than 
--->statements of historical fact, included herein, including statements regarding the completion of any proposed activiti
--->es, anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program resu
--->lts, the discovery and delineation of mineral deposits/resources/reserves, and business and financing plans and trends
--->, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expec
--->t, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to futur
--->e events. Although the Company believes that such statements are reasonable, there can be no assurance that such state
--->ments will prove to be accurate, and actual results and future events could differ materially from those anticipated i
--->n such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantee
--->s of future performance, and that actual results may differ materially from those in forward-looking statements. Impor
--->tant factors that could cause actual events and results to differ materially from the Company's expectations include t
--->hose related to inaccuracy of historic information/results, third party access agreements, weather, equipment and staf
--->f availability; performance of third parties; risks related to the exploration stage of the Company's projects; market
---> fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about
---> the receipt of regulatory approval related to the proposed transaction, availability of additional financing; risks r
--->elated to the Company's ability to identify one or more economic deposits on the properties, and variations in the nat
--->ure, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company'
--->s ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; a
--->nd risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading 
--->in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filin
--->gs may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical r
--->eports filed with respect to the Company's mineral properties.





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