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Galaxy Graphite Announces Positive Results from Brownell Lake Gold Project

Galaxy Graphite, a Canada-based exploration firm, has obtained positive results from the phase I campaign carried out at the Brownell Lake, SK gold project.

The company is conducting a phase II field work, after the initial assessment of those results.

Comprehensive sampling and mapping and ground geophysics were included in the phase I campaign. Samples were specifically collected from a 50 x 50 m grid. An initial evaluation of those results is quite positive with several high-grade samples. Seven rock samples out of 135 yielded more than 10 g/t gold, comprising one over the upper detection limit of 100 g/t gold. The company collected a total of 560 soil samples, in which 20 samples encountered more than 100 ppb gold. Of those 20 soil samples, two samples returned over 1000 ppb gold.

The regions examined in this phase I program included possible expansions of the Olsen Lake showing which was explored previously, and a number of other potential regions of the project.

The company has not completed a comprehensive assessment of the results. On the other hand, the initial review demonstrates that there were adequate reasons to commence a phase II work, wherein channel sampling will be conducted across important zones. This work has aimed to find the levels of the zones, which were discovered by the phase I campaign.

The location of the Brownell Lake property is in the Brownell Lake Greenstone Belt, which is based in the Glennie Domain, and also lies about 100 km towards the eastern part of La Ronge in SK.

Source: http://galaxycapitalcorp.com/

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G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

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