GLR Resources Inc.: Goldfields Projects Update.TORONTO -- GLR GLR Great Lakes Region GLR Global Learning Resources, Inc (Fremont, CA) GLR Greater London Radio GLR Generalized Likelihood Ratio GLR Glare GLR Gaylord, Michigan (Airport Code) Resources Inc.(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GRS)(GLR) is pleased to provide an update on the company's Goldfields project located in Northern Saskatchewan, Canada. GOLDFIELDS PROJECT DRILLING COMMENCES GLR has arranged for a drilling program at the Goldfields property in Northern Saskatchewan, which is now underway. The drilling program is being completed as is required by AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies of Saskatoon, which is revising the existing feasibility study to NI43-101 standards. The drilling will be used to confirm grades, which will subsequently be incorporated into a new resource estimate of the Box Deposit. Goldfields project manager Rod Ogilvie and GLR staff geologist John Dixon are currently in Uranium City overseeing project logistics and implementation of drilling campaign. Drilling performed at the Box Mine will have samples taken over one-metre intervals. Gold assays performed will be done by pulp metallics due to the coarse nature of the gold present at the Box Mine. Analyses are being performed by TSL Laboratories of Saskatoon, which is accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. to ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 17025; check analyses are being performed by another accredited third party laboratory. Quality assurance and quality control program (including blanks, standards and duplicates) is being designed and carried out by GLR staff. CONTACT LAKE URANIUM PROJECT The Contact Lake Project located within the Goldfields property exhibits many key geological features that are indicative of unconformity-type hosted Uranium deposits. Uranium and gold bearing veins with extensive hematisation provided the rationale for drilling in 1981 by SMDC SMDC Space and Missile Defense Command (US Army) SMDC Server Management Daughter Card SMDC St. Mary's Duluth Clinic (Duluth, MN) SMDC Shielded Mild Detonating Cord (now Cameco) which returned 0.68 opt Au over 5 feet in chlorite chlorite Widespread group of layer silicate minerals composed of hydrous aluminum silicates, usually of magnesium and iron. The name, from the Greek for “green,” refers to chlorite's typical colour. schist near the bottom of the hole. These grades were subsequently re-confirmed and verified by GLR by re-assaying the drill core. The drill hole completed by SMDC stopped short of contact with the basement unconformity un·con·for·mi·ty n. pl. un·con·for·mi·ties 1. Lack of conformity; nonconformity. 2. Geology A surface between successive strata representing a missing interval in the geologic record of time, and produced as the hole was, at that time, at the edge of a claim boundary. Compilations of geochemical and geophysical surveys have given several high priority targets, which GLR is planning to drill to establish the untested mineral potential of Contact Lake. Projected estimates of drill hole depths are in the vicinity of 400-600 metres below surface. Recent work at Contact Lake by GLR returned values of 2.29 g/t Au and 17,700 ppm U (Nadeau, 2003) from quartz vein samples. Subsequent review by Issigonis (May 2004) has solidified GLR's plans to re-enter the existing drillhole, wedge-off and extend several holes into the basement unconformity. Drilling at Contact Lake is expected to commence once drilling at the Box Project is completed. Mr. John Cook, P.Eng. is the qualified person responsible for reviewing the contents of this news release. "GLR" is a Canadian Based Exploration Company with several gold, base metal and Platinum group metal properties within its portfolio with the most advanced being the 100% owned Goldfields Project consisting of two open pitable deposits of gold. The Company currently has 21.7 million shares issued and outstanding. Please visit our website for details on all the Company's properties and activities or please go to www.smartstox.com/interviews/grs.html to listen to an interview with Robert Kasner, President of GLR Resources Inc. Disclaimer: certain matters discussed in this document may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 |
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