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Mining

Greenlight Resources announces 2010 drill results for Brazil Lake

Lithium and rare metal explorer Greenlight Resources (TSX-V:GR) has announced results from the 28-hole drill program at its Brazil Lake lithium project near Yarmouth, Nova Scotia.

The company said that diamond drilling in 2010 was focused on defining the extensions of two lithium-bearing dikes outlined in previous exploration programs.

Some highlights of the results include 2.15% Li2O over 5.24 metres in hole BZ-10-01; 2.23% Li2O over 14.61 metres in hole BZ-10-21; and 1.97% Li2O over 8.48 metres in hole BZ-10-12.

Based on the results, the North dike, which remains open at depth, is approximately 300 meters in length, with the lithium-bearing portion of it roughly 160 meters long. The lithium content of the North Dike in the 2010 results ranged from 0.25% Li2O to a high of 2.15% Li2O, with an average of 1.08% Li2O, the company said.

Meanwhile, the South dike, which has a strike length of 120 meters, had drill intercepts range from 0.02% Li2O to a high of 2.23% Li2O, and returned an average grade of 0.69% Li2O.

Greenlight said that significant intersections of rare metal Rubidium were also found in some holes. For example, hole BZ-10-01 returned values up to 0.17% Rb over 5.24 meters, while hole BZ-10-03 intersected values of up to 0.11% Rb over 10.94 meters.

The company plans on conducting further drill programs at the project, which will include infill drilling for improved resource definition and for identifying high grade shoots within the dikes.