GLR Resources Inc.: Progress on Box Gold Mine Drilling and Continued Movement towards Creation of Uranium City Resources Inc.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 GRS Graduate School (universities) GRS Great Red Spot (feature of Jupiter) GRS Gender Reassignment Surgery GRS Gamma Ray Spectrometer GRS Graduation Rate Survey GRS General Records Schedules ) - GLR is working with 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 towards the completion of the NI43-101 compliant feasibility study of the Box Gold Mine in Northern Saskatchewan, Canada. The first round of required drilling was completed in fall 2004 and subsequent to that, additional drilling has been deemed necessary in order to provide additional data for the resource calculation and ultimate feasibility study. AMEC has determined that the completion of additional holes will provide the necessary data for their requirements towards both the resource calculation and feasibility study. Drilling has started at the Box Gold Mine. While this additional required drilling will delay the delivery of the resource calculation, it will potentially bring inferred resources into the measured or indicated category. No drilling is to be carried out at this time at the Contact Lake Uranium Project, as this property will be going t o Uranium City Resources Inc. in order to advance all its' drilling activities, GLR is planning on mobilising a second drill into Uranium City. Key GLR personnel are positioned in both Saskatoon Saskatoon (săskət  n`), city (1991 pop. 186,058), S central Sask., Canada, on the South Saskatchewan River. and Uranium City in order to effectively manage on-going regulatory affairs and exploration/production activities. Saskatoon based GLR staff are overseeing the required Environmental Impact Statement (EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. ). At present, the projected timeframe for the Box Gold Mine EIS submission is the first week of December, which is on schedule. With the creation of Uranium City Resources Inc (UCR (Under Color Removal) A method for reducing the amount of printing ink used. It substitutes black for gray color (equal amounts of cyan, magenta and yellow). Thus black ink is used instead of the three CMY inks. See GCR and dot gain. ), an exploration program is being assembled for UCR's 2005 field season. Creating UCR allows for more (a) focused uranium exploration activities and (b) time spent towards putting the Box Gold Mine into production. Meetings of GLR and UCR staff will be held in Saskatoon from November 28th, 2004 through December 3rd, 2004 to compile recently completed staking and exploration work with the 2005 field season. The plans for 2005 include (a) conducting both regional and property scale geophysical surveys (b) extending existing land holdings through staking additional lands within the Uranium City Mining District (C) conducting geochemical surveys at exploration projects throughout the existing and newly staked land holdings. Jim Kermeen, MSc, P.Eng., has joined UCR and will be overseeing the UCR exploration programs. Mr. Kermeen is a geological engineer and geologist with over 40 years of experience. He has over 15 years of both exploration and production experience relating to uranium deposits in Northern Saskatchewan. Mr. Kermeen was the Senior Exploration Geologist with 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 (Saskatchewan Mining Development Corporation). Mr. Kermeen has 7 years of work experience within the Uranium City Mining Camp. 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 n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Project consisting of two open pittable 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 GLR Resources Inc. (TSX:GRS) |
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