GreenLight Initiates Examination of Cash Flow Potential

- September 28th, 2011

GreenLight Resources (CVE:GR) reported that it has began testing bulk till samples for potential economic quantities of placer gold.

GreenLight Resources (TSXV:GR) reported that it has began testing bulk till samples for potential economic quantities of placer gold.

The press release is quoted as saying:

The program continues the work conducted by Ayarco Gold in 2005 which identified an area on the east side of the Kemptville Gold Property containing significant quantities of gold throughout the overburden profile. Raw till samples from this program identified grades up to 0.49 grams per tonne with a recovery rate of up to 93.9%. Channel sampling of one of these sites returned approximately 500 ppb (parts per billion) Au (gold) over a 3 meter thick exposure of till. The current program will conduct controlled testing of bulk samples of this till in order to determine if there is sufficient gold to warrant an alluvial gold operation.

Click here to access the entire news release. 

Click here to access GreenLight’s company profile.(TSXV:GR)

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