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Re: News Release - Tuesday, June 09, 2009
Baseline Report Received
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June 9, 2009 - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report the Company is in receipt of a
environmental baseline report which shows the ongoing development of
the La Fortuna gold district continues to be in compliance with its
environmental impact report and provincial environmental regulations.
The Company has maintained a four season baseline monitoring program.
This program was expanded to monthly water sampling with analysis for
52 items including 32 chemical elements.
The various hydrologic basins in the district were established and
sample monitoring points were identified. External sampling points were
also established for greater security.
This report is an important step in the development of the La Fortuna
gold district as it demonstrates there is no negative environmental
impact on the hydrologic basins in which exploration is being
conducted.
This press release has been reviewed and approved by Dr. Kieran Downes,
P.Geo., President of Golden Peaks Resources Ltd. and a Qualified Person
as defined by National Instrument 43-101, under whose direction the
exploration programs are being carried out.
Media Information, contact:
Scott Emerson, Chairman and Director
SE@goldenpeaks.com
Investor Information, contact:
Mike Kordysz, Investor Communications
MK@goldenpeaks.com
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the
heading "Risk Factors" in the company's periodic filings with Canadian
securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement.
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Copyright (c) 2009 GOLDEN PEAKS RESOURCES LTD. (TSX-V:GL) All rights
reserved. For more information visit our website at
http://www.goldenpeaks.com/ or send mailto:info@goldenpeaks.com
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Golden Peaks Resources Ltd.
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EXPLORATION STAGE |
CODE : GL.TO |
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CUSIP : 28114L106 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Peaks Res. is a gold exploration company based in Canada. Golden Peaks Res. holds various exploration projects in Argentina. Its main exploration properties are GOLDEN CATEO and LA FORTUNA in Argentina. Golden Peaks Res. is listed in Canada. Its market capitalisation is CA$ 29.9 millions as of today (US$ 29.4 millions, € 23.1 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.90, and its lowest recent point on December 05, 2008 at CA$ 0.15. Golden Peaks Res. has 115 059 000 shares outstanding. |