Collar information is as follows:
----------------------------------------------------------------------- Hole Easting Northing Inclination Azimuth Length (m) ----------------------------------------------------------------------- 1 460485 5182135 -76 243 301 ----------------------------------------------------------------------- 2 460695 5181886 -80 226 301 ----------------------------------------------------------------------- 3 460594 5181909 -49 53 301 ----------------------------------------------------------------------- 4 460549 5181174 -45 270 13 ----------------------------------------------------------------------- 5 460729 5182991 -50 258 50.5 ----------------------------------------------------------------------- Total 996.5 -----------------------------------------------------------------------
Although the holes did not intersect any of the high grade, base metal mineralization that is historically reported to remain underground and adjacent to the underground workings comprising the Geneva Lake Mine, they did document anomalous mineralization tentatively interpreted to comprise a halo to the mineralized horizon(s).
To test this interpretation, Green Swan has completed both Crone Geophysics and Earthprobe downhole geophysical surveys. The results are expected to provide a better understanding of the sub-surface mineralization and allow identification of additional targets for subsequent drilling. Results of these surveys will be released once received and evaluated by the Company, which is expected to be in the near future.
QA-QC: All samples were submitted to Actlabs Laboratories ("Actlabs") for analysis. Actlabs is an independent certified laboratory and preparation facility which maintains an ISO 17025 accreditation by the Standards Council of Canada (SCC).
Mikayla, British Columbia
Green Swan announced on November 26, 2012 that it had completed an airborne magnetic survey of Mikayla in southeast British Columbia. 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 (molybdenum), 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 at Mikayla represents Phase One of exploration. It covered approximately 220 kilometres, flown at 100 metre line spacing. Management has now received the final data from this survey and will release the results as soon as possible. The scope, budget and nature of Phase Two of exploration at Mikayla will be carried out in the first half of 2013.
The transaction with Interactive Capital Partners Corporation, announced on January 8, 2013, whereby Mikayla will be the basis for the Interactive Capital Partners Corporation Qualifying Transaction, continues as planned.
The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc., P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data herein.
Forward-Looking Statements
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.
Contacts:
Green Swan Capital Corp.
Peter M. Clausi
CEO
1-416-890-1232
pclausi@greenswancapital.com
