The Drills are now turning at Brazil Lake
(PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.GR)
The drilling will be carried out on the two previously identified pegmatite dikes with the bulk of the drilling targeting the North dike. Approximately 1620 m in 10 holes will be drilled to define the North dike down to the -125 meter level over a strike length of 150 meters. Three tiers of holes will be drilled at 75 meters, 100 meters, and 125 meters. These holes will assist to define the geometry and grade of the North pegmatite dike. The second target is the South dike which will receive approximately 560 meters in 5 holes to define the dike down to the 50 meter level. If these holes are successful, the Company intends to drill another tier of holes at the 75 meter level which would entail a further 700 meters of drilling.
The current budget is for approximately 2,500 meters of drilling which allows for some exploratory holes outside of the main two target areas. Until very recently, the Company has had field crews conducting a detailed prospecting and mapping program over the property surrounding the current know dikes. The focus is on locating other pegmatite dikes in addition to the established North and South dikes. Excess drilling footage will be used to drill these new targets should any be found.
Other Potential Rare Metals and Industrial Minerals
Prior work on the
About Greenlight Resources Inc.:
Greenlight Resources Inc. is a Canadian exploration company focused on the discovery and development of Lithium and rare metal deposits. The Company is currently focused on the 3,160 acre
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Forward-looking statements relating to future events or future performance and reflecting Petro Horizon’s management’s expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Petro Horizon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Petro Horizon has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on forward looking statements.
SOURCE Greenlight Resources Inc.