Swastika, Ontario--(Newsfile Corp. - May 6, 2015) - Gar Limited (CSE: GL) terminates the Lucky Irish Property option with Morgan Resources Corporation for failure to comply with the terms of the option agreement.
Morgan Resources published this information in a press release dated December 15, 2014:
Morgan Resources Hole MLI-02, completed in November, 2014 was collared 40 m (130 ft) in front of DDH F10 at an angle of 45 degrees to the SE. This hole encountered a zone of massive to semi massive sulphides and interlayered chert over a core length of 30.8 m (101 ft) from 27.6m to 58.4 m. Within this interval, a 10.2 m wide Pb-Zn-Cu sulphide bearing zone assayed 3.72% Combined Pb-Zn-Cu (2.56% Pb, 1.08% Zn, 0.08% Cu). A section of this zone included a 4.7 m (15.4 ft) section from 45 - 49.7 m of 4.31% Pb, 0.78% Zn, 0.07% Cu and 6.5 g/t Ag. The true thickness of these zones is estimated to be 82% of the drill intersected width in the 2014 drill holes. Highlighted zones are as follows:
| Zone | From (m) | To (m) | Width (m) | Pb % | Zn % | Cu % | Ag g/t | Combined Pb-Zn-Cu % |
| Hole # MLI-02 (upper) | 39.5 | 42.2 | 2.7 | 1.85 | 2.58 | 0.05 | 4.6 | 4.48 |
| Including | 40.3 | 41.2 | 0.9 | 3.41 | 6.76 | 0.04 | 8.9 | 10.21 |
| Hole # MLI-02 (lower) | 45 | 49.7 | 4.7 | 4.31 | 0.78 | 0.07 | 6.5 | 5.16 |
| Including | 47 | 48.5 | 1.5 | 5.75 | 2.26 | 0.12 | 8.5 | 8.13 |
GAR LIMITED is happy to recuperate 100% ownership of the Lucky Irish Property and will conduct an exploration program this summer in order to prepare a new 43-101 report on the VMS property.
For any further information please contact:
John Rapski, President of GAR LIMITED,
jrapski@hotmail.com
1-705-642-3629
