Gray Rock Resources Ltd.

Published : August 13th, 2008

's Silver Stream Property Confirms the Presence of Gold-Bearing Shear Zones

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Keywords :   Gold | Gold Mines | Nickel | Silver |



 

TSX Venture: GRK

52-week range $0.08 - $0.15
Shares Outstanding
11,464,968

Investor Relations: 604.682.3701


GRAY ROCK�S SILVER STREAM PROPERTY CONFIRMS THE PRESENCE OF GOLD-BEARING SHEAR ZONES

Gray Rock Resources Ltd. (the �Company�) is pleased to report that it has received analytical results from a brief examination of the Silver Stream property located 25km northeast of Bralorne, B.C. The results confirm the presence of gold-bearing shear zones. A chip sample over one shear returned values of 10.37 gm/T Au, 1664 ppm Pb and 16.5 ppm Ag over 1 meter. In addition, sampling also showed elevated nickel values in listwanite which ran up to 2166 ppm Ni in grab samples.

Previous soil sampling has outlined two gold in soil anomalies with values up to 2951 ppb Au. Previous trenching has located several gold-bearing shear zones. Some highlights of the trenching are:

Trench 90-1     1930 ppb Au, 10.5 ppm Ag over 3 meters

Trench 90-1     1300 ppb Au,   7.0 ppm Ag over 3 meters

Trench 95-2     0.259 oz/t Au over 1 meter

Trench 95-17   0.168 oz/t Au over 1 meter

Trench 95.18   0.279 oz/t Au over 1 meter

Trench 95.19   0.823 oz/t Au (grab sample)

Trench 95.20   1.39 oz/t Au (grab sample)

 

A program of sampling, mapping and a VLF-EM survey will commence shortly. Drilling is anticipated based on completion of the preparatory surveys.

The program is being supervised by Ursula Mowat, P. Geo., a qualified person as per National Instrument 43-101.

The Company was incorporated in 1950 and has property located in Lander County, Nevada and near the historic Bralorne and Pioneer Gold mines. These mines produced in excess of 4 million ounces of gold. Infrastructure is in place at Bralorne and a town nearby to draw skilled labour. Custom milling at the Bralorne mill may be an option for the Company provided it is successful in finding sufficient ore.

ON BEHALF OF THE BOARD

 "David Wolfin"
  David Wolfin
  President


 The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.


This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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Gray Rock Resources Ltd.

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CODE : GRK.V
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Gray Rock is a gold exploration company based in Canada.

Its main exploration property is SILVER STREAM in Canada.

Gray Rock is listed in Canada. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.7 millions, € 1.4 millions).

Its stock quote reached its lowest recent point on April 29, 2016 at CA$ 0.02, and its highest recent level on September 15, 2017 at CA$ 0.57.

Gray Rock has 12 539 961 shares outstanding.

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Annual reports of Gray Rock Resources Ltd.
Annual Report 2007
Project news of Gray Rock Resources Ltd.
8/13/2008(Silver Stream)'s Silver Stream Property Confirms the Presence of Gold-Bear...
Corporate news of Gray Rock Resources Ltd.
7/7/2015Gray Rock Resources Ltd.: Early Warning Report
7/3/2015Gray Rock Closes Non-Brokered Private Placement
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