Details of high-grade gold occurrences now available
on GGL Diamond Corp. website
Company secures key claims on PGB property
July 14, 2009
VANCOUVER, British Columbia, Canada – Raymond A. Hrkac, President and CEO of GGL Diamond Corp. (TSX-V: GGL) (”GGL”) is pleased to announce that the Company’s website has been updated with a presentation outlining the gold potential of the Providence Greenstone Belt (“PGB”) Property in Canada’s Northwest Territories and the McConnell Creek Property in northern British Columbia.
Several potentially significant gold occurrences have been located on the PGB Property, located approximately 250 kilometers north of Yellowknife. The gold values associated with one showing (Area 8) have assayed up to 42.7 gpt Au (1.25 oz/ton). Another (Area 35) has returned gold values up to 27.8 gpt Au (0.81 oz/ton).
As a result of an extensive exploration program in 2008, which included mapping and prospecting for gold, and airborne geophysics, mapping, prospecting and diamond drilling of VMS base metal targets, GGL has secured tenure for its key PGB mineral claims for up to an additional eight years.
The Company is now seeking financing to fund its proposed work programs. The Company’s work programs comprise a Phase 1 (air photos, geophysics, geochemistry, trenching, drilling) program estimated at $650,000 and a Phase 2 program (diamond drilling) estimated at $1.5 million.
The Providence Greenstone Belt property, covering more than 425,000 acres, includes 199 mineral claims wholly owned by GGL Diamond Corp. The Company holds a Land Use Permit valid to 2013.
In addition to securing further tenure to its PGB mineral claims, GGL has submitted an Assessment Report that advances by ten years its claims on the McConnell Creek property in northern British Columbia. The property has a known high-grade copper showing and several gold-bearing quartz zones in a branching quartz vein system several kilometers long.
The Gold Potential of the Providence Greenstone Belt, NWT and the McConnell Creek Property, BC, Canada can be viewed at: http://ggldiamond.ca/index.php?m=presentation&item=1650
The independent Qualified Persons for the Company include N.C. Carter, PhD., P.Eng., Consulting Geologist, plus Qualified Persons from the consulting firm of Aurora Geosciences Ltd. (Gary Vivian, M.Sc., P.Geol., President).
GGL DIAMOND CORP.
“Raymond A. Hrkac”
Raymond A Hrkac, President & CEOFor further information, please call (604) 688-0546 or contact firstname.lastname@example.org 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. Forward-Looking Information: This news release contains “forward-looking statements” and the cautions regarding such statements apply.