Nov 20 2012
Green Swan Capital Corp. ("Green Swan") announces that Phase 1 diamond drilling has commenced on its Geneva Lake Property (the "Property"). This phase will consist of roughly 900 metres of drilling, possibly followed by a downhole geophysical survey on some of the holes.
The Property consists of four mineral claims on the Benny Greenstone Belt in Hess Township in northern Ontario, north of Sudbury. Highway 144 provides access to the area, with logging roads providing access to the Property. Some of the former Geneva Lake Mine (Pb-Zn-Ag) is located on the Property, from which mine 80,588 tons of ore with a grade of 3.34% lead and 9.21% zinc was produced from 1941 to 1944 (see OGS report 206, Geology of the Benny Area).
Green Swan also announces that Mr. Richard (Rick) Walker, P.Geo., will immediately join Green Swan as Vice President - Exploration, subject to regulatory approval. Mr. Walker is a professional geoscientist jointly registered in the provinces of British Columbia and Ontario. Rick received both his B.Sc. (1986) and M.Sc. (1990) from the University of Calgary and has worked in the Mineral Exploration Industry since graduating.
Over the past twenty years, Rick has worked in many diverse jurisdictions, including Alberta, the Yukon, the Northwest Territories, Nunavut, Alaska, Montana, New Brunswick, Brazil, Peru and Chile. In the course of his career, he has successfully completed contracts for the Government of the Northwest Territories (MIDA), the Geological Survey of Canada, as well as for junior to major mining companies. Most recently, the majority of his work has been directed toward evaluation of both bulk tonnage porphyry-style mineralization (copper + molybdenum ± silver ± gold ± tungsten) and low tonnage, high grade manto and / or vein-type mineralization.
Mr. James Lavigne will remain on Green Swan's Board of Directors, from where Green Swan will continue to benefit from his technical knowledge.