Green Swan Updates Exploration Program at Geneva Lake and Deepens
BURLINGTON, ONTARIO -- (Marketwire) -- 11/19/12 -- Green Swan Capital
Corp. ("Green Swan") (TSX VENTURE:GSW) 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
About Green Swan Capital Corp.
Green Swan is engaged in the exploration and, if warranted,
development and mining of its properties as well as the acquisition,
exploration and potent
ial development of other mineral resource
properties. The common shares of Green Swan are listed on the TSX
Venture Exchange under the trading symbol "GSW". Upon closing of the
transactions contemplated above, GSW will have 19,897,417 shares
This news release may include statements about expected future events
and/or financial results that are forward-looking in nature and
subject to risks and uncertainties. Green Swan cautions that actual
performance will be affected by a number of factors, many of which
are beyond its control. Future events and results may vary
substantially from what Green Swan currently foresees. Discussion of
the various factors that may affect future results is contained in
Green Swan's recent filings, available on SEDAR. Green Swan assumes
no liability for repeating or referring to any facts, statements,
releases, data or reports disseminated by any other issuer. Any
reference to any other issuer should be cross-checked for accuracy
and context by the reader.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Green Swan Capital Corp.
Peter M. Clausi
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