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Sea Green Capital is pleased to report that the diamond drill program planned for this winter season is to commence on its Casa Berardi properties in Quebec. The programme is designed to test known gold bearing zones and priority airborne targets outlined in the recent VTEM survey. The first phase of the drill programme is 1200-1300 metres. A second phase of exploration is in the initial planning stage.
Historical drilling performed on Casa Berardi North property by Hemlo Gold Mines and Glen Auden Resources in the 1990s partially outlined a gold-bearing horizon over a 600-metre strike length along a major regional fault structure called the Lac Janelle Fault, which is located near the northern margin of the Mistaouac pluton.
Historic drill results included 6.1 grams per tonne gold over 1.5 metres and 2.39 g/t gold over 1.8 metres from hole 94-12. In addition, approximately 550 metres north of this gold-bearing zone, Noranda in 1990 drilled a single hole (M-90-02), which intersected 4.63 g/t gold over three metres.
Qualified persons
Exploration programs on Sea Green's Quebec projects are carried out under the supervision of Mitchell Lavery, PGeo, qualified person (QP) under NI 43-101 along with Bruce Mackie, chief consulting geologist to the company.
About Sea Green Capital Corp. (SGS-TSXV)
The Company is a junior exploration company listed on the TSX Venture Exchange. The Company is currently exploring for precious metals in the Casa Berardi region in Quebec and will resume its Yukon exploration programme on its CO property in the spring of 2012.
Sea Green Capital Corp. currently has 99,920,568 common shares issued and outstanding
Additional information about the Company and its exploration projects can be found at www.seagreencapital.com
For further information contact:
Alexander G. MacKay
President and CEO
416.989.1067
amackay@seagreencapital.com
The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release.
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
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