Glenmark Announces Field Program for Key Lake Road Uranium Project

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Glenmark Announces Field Program for Key Lake Road Uranium Project(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / November 25, 2014 / Glenmark Capital Corp. (TSX.V: GLM, OTC: GLRKF and Frankfurt: 17G) ("Glenmark" or the "Company") is pleased to announce that is has filed a NI43-101 report on its Key Lake Road Uranium Project, located in northern Saskatchewan. The report was completed by Dave Billard P. Geo. of Saskatoon, SK and is available on www.sedar.com. Mr. Billard has extensive experience in uranium exploration in the Athabasca basin; he was a COO, VP Exploration and director of JNR Resources, which discovered the Moore Lake and Way Lake deposits. The main deposit type that is being explored for at Key Lake Road is a basement hosted, unconformity related, structurally controlled deposit similar to those found at Cameco Corporation's Eagle Point Mine, Millennium Deposit and McArthur River. The technical report detailed a two phase work program, culminating in a phase two diamond drill program. Historic drilling to date has encountered shallow uranium mineralization, confirming that the project area has been subjected to the conditions necessary for uranium deposition. The Phase One program is comprised of four elements, focusing initially on the Molly and HOBO zones as a matter of course, but also on new areas that may be identified as the work progresses. The budgetary estimate for Phase One is ~CDN $220,000. -- Airborne Radiometrics and Magnetic survey - The radiometric survey will be completed, especially in light of the recent discovery at Patterson Lake as well as the original Key Lake deposits, which were largely identified by radiometric boulder tracing. In addition, airborne magnetics should be incorporated into the program in the interests of increasing the resolution of the existing magnetic survey. The addition of the magnetic survey with the radiometrics will add only a nominal amount to the total cost of the survey. It is proposed to fly the property on a line spacing of 200 metres for a total of 350 line-km of airborne radiometrics and magnetics. -- Geophysical Review - The current geophysical data will be re-evaluated and reprocessed as well as incorporated into the newly acquired data that is obtained from the Airborne Radiometric and Magnetic survey as described above. -- Drill Core Review And Sampling - Although the core from ...

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