Business
General Properties Ltd. announces drilling results on Clear Hills Iron Ltd., North Rambling Creek Prospect
General Properties Ltd. announces drilling results on Clear Hills Iron Ltd., North Rambling Creek Prospect.
About this update from Visionary Metals Corp
[{"type":"text","content":"\n\n\n\nCALGARY, June 18 /CNW/ - General Properties Ltd. (TSX Venture Exchange:\nGPL) (the "Corporation") is pleased to announce drilling results from the\nNorth Rambling Creek Prospect (the "Prospect") in which the Corporation's\nwholly owned subsidiary Clear Hills Iron Ltd. ("Clear Hills"), has an\ninterest. The Prospect is located northeast of Worsley, Alberta.\n\n\nThe Corporation conducted a limited drilling program on the Prospect\nwhich confirmed the presence of the historical iron mineralization hosted\nwithin the Bad Heart Formation on the property. This has been previously\nreported in the Corporation's National Instrument 43-101 technical report\nwhich is available on www.sedar.com . The diamond drill holes were collared on\nhill tops due to wet conditions in the adjacent valleys. Diamond drill hole\nCHI-NRC-202 was collared at 2,830 feet elevation and returned 15 feet grading\n28.74% Fe(2)O(3). Diamond drill hole CHI-NRC-203 was collared at 2,904 feet\nelevation and returned 26.8 feet grading 32.8% Fe(2)O(3).\n\n\nThe exploration and drilling program on the Prospect was carried out\nunder the direction of Mr. Tom Sneddon P.Geol., a qualified person within the\nmeaning of National Instrument 43-101. Mr. Sneddon has reviewed the\nexploration results contained in this press release. The core was split in\nhalf by Core Laboratories Canada Ltd. and sent to Saskatchewan Research\nCouncil labs for whole rock analysis.\n\n\nReconnaissance sampling of the iron outcrop at 118.8490208 W 56.6155357 N\n(05-11-088-06W6), approximately one kilometer south of hole CHI-NRC-203\nobtained during a previous field program were tested in the 2006 program to\nprovide a control reference for the diamond drill holes and graded 44.5%\nFe(2)O(3) and 46.8% Fe(2)O(3). The samples were collected across a weathered 6\nfoot cut, bagged and sent to Saskatchewan Research Council labs for\npreparation and analysis using whole rock assay. These samples are being used\nfor a basis for comparison and quality control purposes.\n\n\nThe Corporation previously announced on June 4, 2007 that it is\nundertaking a non-brokered private placement offering of up to $1,020,000\nworth of common shares issued on a "flow-through basis" and up to $1,020,000\nworth of equity units, each such unit consisting of a common share of t...