StockGuru Shines its Spotlight on GREENLIGHT RESOURCES INC. (TSX-V: GR)(OTCBB: PRZCF)(FRANKFURT: PH0) Upon Announcement of Stake in Tomahawk Manganese Property — September 30, 2011

StockGuru Shines its Spotlight on  GREENLIGHT RESOURCES INC. (TSX-V: GR)(OTCBB: PRZCF)(FRANKFURT: PH0) Upon Announcement of Stake in Tomahawk Manganese Property — September 30, 2011

(Dallas, TX. – September 30, 2011) StockGuru Shines its Spotlight on  GREENLIGHT RESOURCES INC. (TSX-V: GR)(OTCBB: PRZCF)(FRANKFURT: PH0).  The Company announced yesterday that it has acquired by staking, the Tomahawk Manganese property located 22 kilometres west of the village of Sunny Corners New Brunswick. The manganese (Mn) prospect at Tomahawk Ridge was discovered by Bev Stewart in 1976. He subsequently staked claims to cover the showing and optioned the ground to Heath Steele Mines. They carried out a program of surface channel sampling and mineral separation work in order to determine the manganese potential of property. The property was subsequently acquired by Noranda in 1979 for its base metal potential but no further exploration was conducted on the property.  The Company closed at its fifty-two week low of $0.1235, trading in a fifty-two week range of $0.27 – 0.1235.

The channel sampling work indicated that the mineralized zone runs 9.67% Mn and 9.33% Fe over a width of 40 feet (12 meters). Individual grab samples of the zone vary between 6% and 17.6 % Mn with the Fe content decreasing as Mn grades go up. The mineralization occurs as breccia infilling in chert or quartz porphyry at the contact between massive andesite to the north and siltstone to the south. Limited mineral identification has been done but the main Mn bearing minerals are manganite, pyrolusite and rhodonite. A similar quartz porphyry horizon, some 500 meters to the west contains disseminated galena and sphalerite but no assays have been done on this rock to date. Readers are cautioned that the above assay results are from the 1970’s and have not yet been independently verified by current assay methods and therefore, may not be representative.

A total of 52 claims (2,080 acres) were staked at Tomahawk Ridge to cover the Mn showing and the prospective base metal-bearing quartz porphyry horizon.

Manganese is essential to iron and steel production by virtue of its sulfur-fixing, deoxidizing, and alloying properties. Steelmaking, including its iron-making component, accounts for most domestic manganese demand, presently in the range of 85% to 90% of the total. Manganese ferroalloys, consisting of various grades of ferromanganese and silicomanganese, are used to provide most of this key ingredient to steelmaking. Products for construction, machinery, and transportation are leading end uses of manganese. Manganese also is a key component of certain widely used aluminum alloys and, in oxide form, dry cell batteries.

Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

On Behalf of the board of directors

Christopher R Anderson, CEO – President


 

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