God's Lake Resources Inc.
CNSX : GLR

God's Lake Resources Inc.

March 01, 2012 13:25 ET

God's Lake Announces 3,000 Metre Diamond Drill Program

TORONTO, ONTARIO--(Marketwire - March 1, 2012) - God's Lake Resources Inc. (CNSX:GLR) ("the Company") is pleased to announce plans for a 3,000 metre diamond drill program for the up-coming 2012 field season on the Sherman Lake Gold Project located approximately 400 kms north of Red Lake Ontario.

Drilling will commence on Vein #1, where previous drilling (INCO 1988) encountered gold mineralization of 3.5g/t -4.9g/t across widths ranging from 1.35-2.2m. Historic surface work and shallow drilling ( to a depth of 20m) on this vein indicates a structure 140m long, averaging 0.75m wide grading 10.25g/t Plotting of all previous drilling indicates a plunge component which has never been tested, nor has any deeper drilling taken place to determine if grade and width increases with depth. The deepest hole drilled to date on vein #1 is 80m vertically. Approximately 4-5 holes are planned for this area for a total of 1,200m.

A total of 7 holes, for a total of 1,400 metres, are planned around the Sachigo Mine Site to test the potential plunge component of the historic gold mineralization which was mined between 1938 and 1942. One of these holes will test below the shaft area, to a proposed vertical depth of 350m.

A total of 400m of drilling is proposed for the newly discovered vein, (announced earlier this month) which returned assays up to 79.87g/t in grab sample. Shallow holes will be drilled along strike testing to 30 metres vertically.

The Corporation is also canvassing Security Companies to ensure the smooth completion of the drill program.

Warren Hawkins, P.Eng, a "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Mr. Hawkins is not considered to be "independent" of the Corporation (as defined in National Instrument 43-101), as he currently holds securities of the Corporation.

God's Lake Resources is a junior gold exploration company and is publicly traded on the Canadian National Stock Exchange under the symbol GLR.

Forward-Looking Statements

This press release may contain forward-looking statements, which are subject to risks and uncertainties and other factors that may cause the Company's results to differ materially from expectations. When reviewing the Company's forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. These include risk relating to market fluctuations, investee performance, strength of the North American and European economy, foreign exchange fluctuations and other risks not yet known to the Company. These forward-looking statements speak only as of the date hereof. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update these forward-looking statements. The Company does have an ongoing obligation to disclose material information as it become available. The discussion also includes cautionary statements about these matters. You should read the cautionary statements made as being applicable to all forward-looking statements wherever they appear in this document.

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