Glenstar Ventures Says "Numerous" Polymetallic Zones Encountered at Green Monster Project
Glenstar Ventures (GSTR.CN) on Friday said "numerous" polymetallic zones were encountered during its Phase 2 drill program at its Green Monster project in Nevada.The company said the polymetallic zones were found in of six holes drilled to depths from 500 feet to 585 feet encompassing about 3,320 feet of total drilling across three drill pads. These holes contained "highly fractured rock with abundant clay alteration and brightly coloured orange and red oxide minerals and decalcification"."Assay results confirmed that the area of interest is significantly mineralized and geologically complex; however, at this early stage of exploration the grades reported are less than expected while at the same time raising a number of interesting questions," said the company in a statement. "As a result of this geological complexity, further geophysical work is required to address the data that is inconclusive and provide a clearer understanding of the type of structure and system contained within the property."Shares of the company were last seen up $0.02 to $0.30 on the Canadian Securities Exchange.Price: $0.30, Change: $+0.02, Percent Change: +7.14%
