Update on Continuing Field Exploration Program at Brazil Lake Lithium and Rare Metal property

October 26, 2010


VANCOUVER, Oct. 25 /PRNewswire/ – GREENLIGHT RESOURCES INC. (TSXV.GR), announces an update on its field exploration program on the Brazil
Lake Lithium and Rare Metal property in Nova Scotia.  Three new primary
target areas have been identified, which are in addition to the known
North and South pegmatite dikes. The three new targets, identified by
pegmatite boulder float trains include the Deerfield, Army Road and
Church Road areas. Several other areas containing pegmatite float have
been identified and will be followed up in later programs. 

Field crews have recently completed an initial exploration program on
the Church Road target which is part of a systematic program designed
to identify other pegmatites on the property.  Boulder surveys
indicated an anomalous area  approximately 500 meters wide and 300
meters long.  Spodumene bearing pegmatites provide good evidence for a
significant spodumene source to the north of the Church Road. 
Spodumene bearing boulders are fairly common within this anomalous area
but more significantly, shards and fragments of spodumene are found in
the till along the road beds and skidder trails traversing the area. 
The recently completed program focused on following the spodumene
fragments up-ice, back towards the possible source area. A series of
back-hoe pits were dug down to a depth of 4 to 4.5m and profile samples
of the till face were taken at one meter intervals along the pit face.
The till samples were then wet screened at -1/4″ and -1/16″ and counts
of the number of  spodumene fragments were taken from each sample.
Results to date indicate that both the size and frequency of the
spodumene fragments increase with depth in the northernmost pits
indicating a source area nearby.

The field exploration program is expected to recommence shortly which
will include two months of sampling, trenching and prospecting in an
attempt to find the sources of the Church Road pegmatite float.  The
program will include other targets at Army Road and Deerfield which
have similar glacial dispersion float trains.

Drilling Update

Greenlight has recently completed its phase one drilling program on the
Brazil Lake property comprising 28 cored holes totalling 2,652 meters. 
Cores have been split and samples sent to the assay lab. Results are
expected shortly.  One of the objectives of the drill program will be
to update the NI 43-101 report with a defined resource.   

On June 17, 2010, the Company filed a NI 43-101 compliant report on the
Brazil Lake property.  Approximately 30 holes were drilled by the
property’s previous private owners.  Results indicated that cores
returned Li(2)O grades of economic interest.  More specifically, hole BZ-02-15
returned a weighted average Li(2)O grade of 1.47% over a true width of 12.53 meters, beginning at a down
hole depth of 30.9 m, and BZ-93-4 returned a weighted average grade of
1.27% Li(2)O over 20.9 meters true width, beginning at a down hole depth of 47.1
meters. These intercepts and others contain sub-interval Li(2)O grades exceeding 2.5%.

John F. Wightman, M. Sc., FGAC, P. Eng., a Qualified Person as defined
by NI 43-101 is responsible for the technical information contained in
this release.

Other Potential Rare Metals and Industrial Minerals

Prior work on the Brazil Lake pegmatites has also been directed toward
definition of valuable mineral or metal components additional to
lithium, and preliminary results show that potential exists for
creation of industrial mineral products such feldspar, quartz and
mica.  The company is also investigating potential for recovery of
rubidium, tantalum and tin from the pegmatites.  On March 2(nd), the Company announced assay results from drill holes which addressed
other rare metals contained within the Brazil Lake pegmatites.  These
included rubidium (“Rb”), beryllium (“Be”) and tantalum (“Ta”). 
Examples of the grades included Hole #02-15 in the lithium pegmatites
which returned values up to 1,398 parts per million (“ppm”) Rb over
15.3 meters including 2,625 ppm Rb over 4.2 meters.  Hole #02-24 in the
lithium pegmatites returned Be values of up to 200 ppm  over 35.8
meters, including 304 ppm Be over 14.9 meters.  Also, hole #93-2 in the
lithium pegmatites returned Ta values of up to 102 ppm over 24 meters,
including 541 ppm Ta over 1.0 meter. (One parts per million is equal to
one gram per tonne)

Porcupine-Upper Miramichi REE Property

On October 15th, the Company announced the signing of a letter of intent
to earn up to a 100% undivided interest in the Porcupine-Upper
Miramichi Rare Earth Property in New Brunswick.  The primary target is
the various rare earth elements (REE) that were discovered in soil
samples on the property in 2007.  Soil assays for REE’s include
Samarium (Sm), with reported with grades of up to 218 ppm (g/t) and
Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium  (Nd)
with grades of up to 1190 ppm (g/t), Ytterbium  (Yb) with grades of up
to 31.3 ppm (g/t) and  Yttrium (Y) with grades of up to 472 ppm (g/t). 
Reported assays for Heavy REE’s include Terbium (Tb) with grades up to
20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t)
while reported light rare earth metals include Cerium (Ce) with grades
up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm

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 8,520 acre Brazil Lake property is
located approximately 30 kilometres north of Yarmouth, Nova Scotia, and 12 kilometres west of the Avalon Rare Metals (AVL) East Kemptville
Project. Drilling to date has successfully revealed two Lithium bearing
pegmatite dikes.  In addition to Lithium, the dikes host several other
rare metals such as tantalum, niobium, beryllium, tungsten tin and
rubidium. Metallurgical bench testing to date has also revealed other
potential economic targets, including cosmetic grade mica, silica
chloride, aluminum chloride and rubidium enriched potassium feldspar. 

On Behalf of the board of directors

“Ron Bourgeois”

Ron Bourgeois, President





Tel: (604) 488-3900,   email: info@GreenLightResources.ca

Neither 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.

Forward-looking statements relating to future events or future
performance and reflecting Green Light Resources 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 Green Light Resources 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 Green Light Resources 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 Green Light Resources 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.

Source: newswire

comments powered by Disqus