Greenlight Acquires Silver and High Grade Base Metal Property Bathurst Camp, New Brunswick

Greenlight Resources Inc. (TSXV:GR) reports that it has signed a definitive agreement to acquire the Keymet silver property located 24 kilometres NNW of Bathurst, New Brunswick.

The press release is quoted as saying:

The Keymet Silver Project covers 6,400 acres and is named after a small past producing mine located on the property.  The Keymet area first came to note in 1909 with the discovery of a 6.7 meters wide quartz-carbonate-sulphide vein ( galena, sphalerite, chalcopyrite, pyrite, arsenopyrite).  In 1948 it was announced that the vein was drilled to 137 meters in depth with an average 2.4 meters in width and traceable over a strike length of 341 meters.  Assays from surface exposure gave 4.2 meters of 8.48% Pb, 10.99%  Zn, and 2.96 opt (ounces per ton) Ag.  In 1950 a shaft was sunk to the 274 meter level with drifts established on the 45, 91, and 137 meter levels.  Production commenced in 1954 and by 1956, the shaft was down to the 366 meter level.  Production ceased in 1956 when a fire destroyed the mine buildings.  A total of 56,000 tons @ 0.25% Cu, 2.44% Pb, 2.59% Zn and 0.99 opt Ag was produced between 1954 and 1956.

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