The purpose of the KLR 2015 interpretation study was to identify significant VTEM conductors for follow-up with ground surveys and, if warranted, diamond drilling. These priority targets were first identified through a VTEM airborne electromagnetic and magnetic survey completed by Forum Development Corp. in 2005 and followed by a more focused Aerotem survey in 2006. Additionally, a suite of historic surface sampling results and two diamond drill holes collared by Forum within the area of interest in 2008, were utilized and analyzed in relation to the geophysical signatures as part of this 2015 KLR interpretation study.
April 29, 2015 – Glenmark Capital Corp. (TSX.V: GLM, US OTC: GLRKF and Frankfurt: 17G) (“Glenmark” or the “Company”) is pleased to announce that based on a detailed analysis of a 2005 airborne VTEM survey and a 2006 Aerotem airborne survey, both conducted by the project’s previous operator, Forum Development Corp., six discreet, structurally related, priority targets have been identified on the Key Lake Road Uranium Project (“KLR”). The interpretation of this historic data was completed by Condor Consulting of Lakewood, Colo., which has extensive experience in this exploration camp and has performed interpretations for other advanced exploration and development companies in the Athabasca Basin, including NexGen and Alpha Exploration, as well as Purepoint/Cameco/Areva.
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