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Green Swan Capital Corp. Announces Continued Success in Sudbury
BURLINGTON, ON / ACCESSWIRE / August 15, 2016 / Green Swan Capital Corp. (TSXV: GSW) ("Green...
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[{"type":"text","content":"Green Swan Capital Corp. Announces Continued Success in SudburyBURLINGTON, ON / ACCESSWIRE / August 15, 2016 / Green Swan Capital Corp. (TSXV: GSW) (\"Green Swan\") announces the latest strong results from its ongoing work program at its 100%-owned Sudbury cobalt asset, the Copper Prince.\nSignificant cobalt values exceeding 0.07% cobalt are seen in two of three tested areas, and all areas are elevated in gold (see chart below). Said Green Swan's CEO Peter M. Clausi, \"The work program is on schedule and on budget, with tremendous results to date. We're eager to get to this autumn's diamond drill program.\"\nGeology\nIn the southern four claims, the Sudbury Breccia is observed to the west and east of the Nipissing Gabbro, and is cross-cutting and subparallel to metasediments that strike north-eastward. The Main Zone in the north and the Blue Pit in the east are separated by approximately 330m within metasediments with a local Sudbury Breccia vein network around the Blue Pit.\nHistoric work by third parties on the 260 hectare property concentrated on three areas, namely, the Main Zone, the Blue Pit, and Ed's Watering Hole ('EWH') in the south. EWH is roughly 1.2 km south of the Blue Pit. Ed's Watering Hole appears to occur in altered rock (skarn) at the contact between Nipissing Mafic (Gabbro) sills and dykes (2.22 Ga), and the metasediments of the Huronian Supergroup, Hough Lake Group and Mississage Formation (2.2 to 2.45Ga), and is associated with a 30-centimetre quartz vein.\nA map showing the location of the property, its close proximity to Glencore plc's smelter and key data points can be seen at Green Swan's website at http://www.greenswancapital.com/map-of-copper-prince.html. The map does not show Green Swan's recently acquired claims in the area.\nResults\nGreen Swan previously released results from chip and grab samples (press release of June 20, 2016) in which it announced cobalt values of up to 4.5%, gold values up to 15g/Au/t and nickel values up to 1.6%. Subsequently a reconnaissance group of 20 samples (both chip and grab) were collected from these three areas to test and confirm past results for cobalt, gold, nickel, copper and precious metals. The results from that 20-sample group are presented below:\n\n \n \n Area\n Cobalt\n Gold\n Nickel\n Copper\n Sulfur\n \n \n (# of samples)\n %\n ppm\n %\n %\n %\n \n \n \n ...