Greystar Resources Announces Gold-Silver Option Acquisition.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 26, 1997-- Greystar Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :GSL GSL - Grenoble System Language. M. Berthaud, IBM, Grenoble. "GSL Language Reference Manual", M. Berthaud et al, March 1973. "A MOL-Based Software Construction System", M. Berthaud et al, in Machine Oriented Higher Level Languages, W. van der Poel, N-H 1974, pp.151-157. .) Greystar Resources Ltd. (GSL-VSE) announces it has acquired an option on the 240-hectare Minera San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. gold-silver prospect, located in the Department of Tolima, approximately 45 km West of Ibague and 170 km WSW of Bogota in the Central Cordillera cor·dil·le·ra n. An extensive chain of mountains or mountain ranges, especially the principal mountain system of a continent. [Spanish, from cordilla, diminutive of cuerda, cord of Colombia. By carrying out exploration activities, and by making option payments totaling US$588,000 over three years, Greystar can acquire 100 percent of the property. The prospect, with elevations between 2400 and 2900 meters, consists of a conical mountain (Cerro La Guala) expression of a Tertiary hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. pipe intruding metamorphic rock formations. Small-scale open pit mining took place on the property in the 1940s, with gold being recovered by cyanidation. Chip sampling of the old pit walls consistently returned one to six grams of gold per tonne over several meters. Greystar will pursue a program of geological mapping, geochemical sampling, and scout drilling at San Antonio during 1997. A minimum exploration commitment of US$ 300,000 is estimated for 1997. The Minera San Antonio breccia pipe has potential in terms of open pit mineable disseminated gold. Greystar also officially announces the opening of its web site at http://www.greystarresources.com . The site will serve to disseminate the latest information concerning Greystar's mineral exploration activities in the most cost-effective way possible. Maps, photographs, and financial data are posted on the site, together with further information about Greystar's personnel, procedures, and properties. NOTE: Location map available from the Company at the phone number listed below. -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the information contained herein. CONTACT: Greystar Resources Ltd. W.J. (Willy) Spat, 604/689-1428 604/681-4692 (FAX) http://www.greystarresources.com e-mail: greystar@netcom.ca |
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