Due to a communication error this press release dated October 29, 2008
was not posted on Golden Peaks website or e-mailed to Golden Peaks
contact list the day it was released.
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Re: News Release - Wednesday, October 29, 2008
Update & Annual General Meeting Results
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October 29, 2008, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL)
is pleased to provide this update report at the La Fortuna gold
project, in Patagonia, Argentina. The La Fortuna project covers a large
mineral district in which 21 zones of structurally controlled gold
mineralization have been identified. The structures, which host the
various gold zones, total in aggregate a lineal distance of
approximately 20 kilometers.
Crews are currently on site and an active field program is underway in
two new highly prospective areas;
.. the area between the Canadon Bagual, Portrero and ML zones
(approximately 7km X 3km)
.. southwest of the G deposit (approximately 3km X 2 km)
The Company is awaiting approval of its EIS (environmental impact
study) for the Cerro Delta project, La Rioja Province, Argentina. Cerro
Delta is located in the Maricunga gold district (42 million ounces of
gold discovered to date). The drill targets have been selected and the
Company plans a diamond drilling program on this very prospective
project following approval of the EIS. The drill targets lie on the
same structure that hosts the Cerro Casale deposit, which is located
approximately 20 km to the east.
At its Annual General Meeting (the "Meeting") held October 22, 2008,
shareholders elected Messrs. Scott Emerson, Kieran Downes, Nick DeMare,
Gil Leathley and William Lee as directors of the Company.
At a directors meeting held subsequent to the Meeting, the directors
appointed Mr. Scott Emerson as Chairman, Mr. Kieran Downes as President
and Chief Executive Officer and Mr. Harvey Lim as Chief Financial
Officer and Secretary.
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) 2008 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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