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Glacier Lake Acquires Mineral Claims Adjacent to New Nadina Explorations' Silver Queen Property
Nov. 23, 2017 08:52AM PST
Silver InvestingGlacier Lake Resources (TSX-V:GLI) (“Glacier” or the“Company”) is pleased to announce it has signed a definitive agreement with an arm’s-length vendor to acquire 2,549 hectares of prospective mining claims located in north-central British Columbia, approximately 45 kilometres south of Houston. The new property lies approximately 6,000 metres to the south of the New Nadina claim block and contiguous …
Glacier Lake Resources (TSX-V:GLI) (“Glacier” or the“Company”) is pleased to announce it has signed a definitive agreement with an arm’s-length vendor to acquire 2,549 hectares of prospective mining claims located in north-central British Columbia, approximately 45 kilometres south of Houston.
The new property lies approximately 6,000 metres to the south of the New Nadina claim block and contiguous to the east with the Poplar block recently acquired by Tasca Resources. The underlying geology of the claim block is Cretaceous Kasalka group andesitic volcanics and Eocene Ootsa Lake Group felsic volcanics. Several regional scale faults have been mapped throughout the area. The southern boundary of the Cretaceous Bulkley intrusions lies one kilometres to the northwest.
Saf Dhillon, Glacier Lake’s President and Chief Executive Officer, said:
“We have been following developments throughout central British Columbia, looking for assets to complement our Silver Vista Project located 130 kilometres to the north.
We were impressed with core photographs of the recently intersected mineralization on the New Nadina website and feel the geology of the region may support additional new discoveries with diligent exploration efforts.”