Glacier Lake Provides Update on Recently Completed Silver Vista Transaction

Glacier Lake Resources (TSX VENTURE:GLI) (“Glacier” or the “Company”) has contracted Mammoth Geological, to undertake the 2017 exploration program on its Silver Vista property near Smithers, British Columbia. An initial, first pass program, consisting of property reconnaissance, prospecting and sampling is planned for late June. The objective of the first pass program is to verify access into the various parts of the property, locate the main showings and prospect favourable areas following up on the anomalies generated by Amarc Resources, during its 2011 through 2014 exploration programs as well as the VTEM survey flown earlier this year.
The drilling will target the MR zone, a clastic sediment-hosted, fine grained, disseminated copper silver zone. Historic exploration includes soil geochemistry, trenching and diamond drilling in an area of limited outcrop exposure:

• Soil geochemistry outlined an area approximately 1.5 by 2.0 kilometers around the MR prospect area.
• Six excavator trenches highlighted an area 100 metres long by 17 metres wide, with three of the trenches intersecting mineralized bedrock: trench 2 – 10.5 metres at 0.22% Cu and 38 gpt Ag, trench 3 – 16.5 metres at 0.53% Cu and 74 gpt Ag and trench 4 – 15 metres at 0.53% Cu and 28 gpt Ag.
• Fourteen drill holes totaling 1,252.5 metres identified a semi-continuous zone 300 metres long by 50 metres wide by 3 to 150 metres deep with two of the holes ending in mineralization. Key intercepts include: MR91-01 – 32.87 metres at 0.19% Cu and 34.8 gpt Ag, MR91-03 – 61.91 metres at 0.11% Cu and 40.5 gpt Ag, MR91-04 – 25.9 metres at 0.08% Cu and 62.6 gpt Ag and MR92-02 – 36.58 metres at 0.49% Cu and 26.8 gpt Ag.

Three other anomalous zones were identified by Amarc during its exploration programs. Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.
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