Vancouver, BC / ACCESSWIRE / October 31, 2014 / Glenmark Capital Corp. (TSX.V: GLM and US OTC: GLRKF) ("Glenmark" or the "Company") is pleased to announce that, under the direction of Dave Billard P.Geo., the Company has completed a site visit to its Key Lake Road uranium project, located in the prolific Athabasca Basin in northern Saskatchewan. Mr. Billard is a professional geologist with more than 30 years' experience in the mining and exploration industry, particularly in uranium exploration in the Athabasca Basin. He was most recently Chief Operating Officer (COO), Vice-President Exploration and Director of JNR Resources, which discovered the Moore Lake and Way Lake deposits.
The purpose of the visit was to confirm property access and locate historic target zones. The four man crew successfully located the Molly Radioactive zone, located centrally in the property, where multiple radioactive outcrops were noted. The Molly Zone has been well documented by Forum Uranium in 2008 and is the primary target at the Key Lake Road uranium project.
A total of eight radioactive samples were taken and submitted to SRC for assay; results are expected in the near term. Scintillometer readings were taken on all samples, with the highest reading reaching over 43,000 cps (counts per second.) In addition, Glenmark has documented the site visit, which is available on the Company website as well as on youtube: [Click Here to View] Dave Billard P.Geo.,Qualified Person as defined in NI 43-101, is responsible for the technical contents of this release.
For further information, please contact:
Richard W. Grayston
President & CEO
Phone: (604) 990-1012
Email: [email protected]
Rob Gamley
Contact Financial Corp.
Phone: (604) 689-7422 begin_of_the_skype_highlighting
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE: Glenmark Capital Corp.