GREENLIGHT RESOURCES INC., announces that it has retained Eastern Geophysics Limited of West Pubnico, Nova Scotia, to conduct a geophysical survey over its newly acquired Kemptvillehigh grade gold prospect in Nova Scotia. The gold property, located north of the village of Kemptville, encompasses one of IP for GreenLightNova Scotia’s historic gold mining districts, and is less than a 20 minute drive along a paved highway from the Company’sBrazil Lake Lithium and rare metal property.
The survey, which has just been initiated, is a pole-dipole induced polarization/resistivity (IP) survey with an electrode spacing of 25 meters and 50 meters. The survey is to be carried out on 12 to 17 recently cut lines at a length of approximately 1200 meters each for a total of 14 to 19 line kilometres. The lines are currently spaced at 100 meters. The Company plans to initiate a drill program based on the results of this survey.
The Kemptville property is comprised of 127 claims for a total of 5,080 acres. These claims control a strike length of over 8 kilometres along the potentially mineralized Kemptville Shear Zone. High grade gold was discovered on the property over 100 years ago and was produced primarily in the late 1800’s from two underground mines, the Kempt and the Cowan. Following property acquisition by the present owners, AYARCO Gold Corporation Ltd. (AYARCO), a privately owned Nova Scotia company, modern exploration techniques were used to identify a target area between the two former producers featuring numerous high grade angular float boulders, several of which have assayed over 300 g/t (grams per tonne) (about 9 ounces/ton) Au. These boulders occur across the glacial trend for over 300 meters. The target area is further defined by a strong B-horizon soil anomaly just down ice from the float area with values of up to 450 ppb/t Au (parts per billion per tonne).