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Continuity of Mineralization Confirmed at Green Swan's Cobalt - Gold Asset in Sudbury, Ontario
BURLINGTON, ON / ACCESSWIRE / January 11, 2017 / Green Swan Capital Corp. (TSX-V: GSW) is pl...
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[{"type":"text","content":"Continuity of Mineralization Confirmed at Green Swan's Cobalt - Gold Asset in Sudbury, OntarioBURLINGTON, ON / ACCESSWIRE / January 11, 2017 / Green Swan Capital Corp. (TSX-V: GSW) is pleased to announce that it has received final assays from the recently completed 300-meter diamond drill program on its 100% owned cobalt-gold Property located in Sudbury, Ontario. The drill program was completed on schedule and on budget at Ed's Watering Hole in the southern part of the Property, where previous surface grab sampling returned up to 4.5% cobalt and 44 g/t gold (see news release August 15, 2016). Management is very encouraged by the latest results and intends to return for follow-on exploration activity as soon as reasonably possible.\nSaid Green Swan's CEO Peter M. Clausi, \"Historic testing by third parties for gold, copper and nickel have been successfully carried out on other parts of this 260 hectare Property, but this is the first drill program ever conducted on this part of the Property. Our goal was to test at depth the quartz veining visible at surface for continuity of gold and cobalt throughout the system. With gold and cobalt values in every sample, the drill program achieved that goal and was a success.\"\nIn the present program, five drill holes at Ed's Watering Hole were aligned parallel to the apparent strike of quartz veining visible at surface and oriented to intersect the down dip projections of the mineralization. Drilling details are provided in the table below.\n\n \n \n DDH\n Easting\n (NAD83)\n Northing\n (NAD83)\n Azimuth\n (degrees)\n Dip\n (degrees)\n Length (m)\n \n \n CP16-01\n 519279\n 5155965\n 85\n -45\n 69\n \n \n CP16-02\n 519288\n 5155999\n 85\n -45\n 51\n \n \n CP16-03\n 519268\n 5155998\n 85\n -50\n 75\n \n \n CP16-04\n 519270\n 5155979\n 85\n -45\n 60\n \n \n CP16-05\n 519294\n 5155966\n 85\n -45\n 44.25\n \n \n\nAll five holes intersected prominent quartz vein structures containing variable amounts of pyrite, chalcopyrite and pyrrhotite. The quartz structure visible at surface appears to extend nearly vertically and was intersected at a deepest point of roughly 30 metres below surface. This structure extends in a north-northwest direction at least 35 meters along strike at surface, with numerous faults and discontinuous veining. The next round of drilling will be intended to expand these dimens...