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GGL Resources Corp. Commences Ground Geophysical Surveys at the Stein Diamond Project
VANCOUVER, BC / ACCESSWIRE / July 29, 2019 / GGL Resources Corp. (TSX-V: GGL) (“GGL&#...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Resources Corp. Commences Ground Geophysical Surveys at the Stein Diamond ProjectVANCOUVER, BC / ACCESSWIRE / July 29, 2019 / GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”) is pleased to announce that ground geophysical surveying has commenced on the Stein diamond project, Nunavut. The Company has the Option to earn a 60% undivided interest in Arctic Star Exploration Corp.’s (“Arctic Star”) wholly owned Stein diamond project by discovering in situ kimberlite.The Stein diamond property (“Stein”) consists of 4 contiguous prospecting permits covering an area of 1,065 square kilometers on the Southern Boothia Peninsula, 45 kilometers from tide water. It is located 85 kilometers northwest of the community of Taloyoak, Nunavut which is serviced daily by commercial flights and seasonally by barge.Stein is a permitted, advanced diamond exploration project having the benefit of numerous successive exploration campaigns and over $1.5 million in previous expenditures. Historical heavy mineral sampling traced kimberlitic indicator minerals up-ice to a potential source area. The indicator mineral suite contains grains that are indicative of diamond inclusion chemistry showing high chrome, low calcium G10D pyrope garnets. Detailed airborne magnetic surveys flown over this potential source area identified numerous high priority targets with signatures similar in character to kimberlites found elsewhere in Canada’s north. GGL is conducting ground-based magnetic surveys over priority airborne targets in preparation for future drill testing. No drill testing has been conducted on the project to date.The Stein project is further complimented with the existence of a major structural feature identified on regional government airborne magnetic surveys which is greater than 100 kilometers in length and traverses the target area. In fields elsewhere, kimberlites can be geologically observed exploiting larger structural features, utilizing them as conduits for emplacement.The nearest known kimberlite discovery to Stein is over 230 kilometers to the southeast and perpendicular to the regional ice flow direction. The distance and direction greatly reduces the potential for the Stein mineral grains being an overprint from this field.The Company is pleased to be partnered w...