BURLINGTON, ONTARIO--(Marketwire - Nov. 26, 2012) - Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) announces that the airborne geophysical survey on its Mikayla Property has been completed.
Mikayla covers 1144 hectares and is located in the Okanagan Valley in southeast British Columbia, roughly 15 km south of Xstrata Canada's Brenda Mine, and close to the Crowrea and Empress properties (Nevada Clean Magnesium Inc. / Goldrea Resources Corp. joint venture), both of which are molybdenum properties (www.nevadacmi.com).
The airborne survey represents Phase One of exploration and covered approximately 209 kilometres, flown at 100 metre line spacing. Preliminary results should be available in two weeks, with final results to be delivered to Green Swan in six to eight weeks. Management will decide on the scope, budget and nature of Phase Two thereafter, with a view to crystallizing shareholder value.
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 potential development of other mineral resource properties. The common shares of Green Swan are listed on the TSX Venture Exchange under the trading symbol "GSW". Green Swan has roughly 19,897,417 shares outstanding.
The planning, execution and monitoring of Green Swan's exploration programs are under the supervision of Richard (Rick) Walker, P. Geo. (Ontario and B.C.), V.P. Exploration of Green Swan. Mr. Walker, who has reviewed and approved this press release, is a qualified person as defined by National Instrument 43-101 and is also the Qualified Person for this release.
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.