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Re: News Release - Thursday, July 09, 2009
Additional 10 km of New Gold Mineralized Structures Identified
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July 9, 2009, -- Vancouver -- Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to report the discovery of approximately 10
km of new gold mineralized structures on the La Fortuna gold project,
bringing the aggregate lineal distance of gold mineralized structures
on the project to approximately 30 km. The mineralized structures,
which are associated with strong regional hydrothermal alteration, are
interpreted to be at a high level in the epithermal system (Ref.: News
Release dated March 5, 2009).
The ML East structure is one of these new discoveries. It lies
approximately 1.3 km due south of the Mina Bagual, and is approximately
2.5 km long. The strongest hydrothermal alteration is at the northwest
end of the structure. Gold values are anomalous with a maximum value of
0.13 g/t. Silver values range from below detection to a maximum of 93.4
ppm with the better silver values occurring at the northwest end of the
structure. Anomalous gold, silver, mercury, and antimony, lead, zinc
and copper values are found along the structure with the better values
generally concentrated at the northwest end. The ''gold'-pathfinder''
elements mercury (11 to 2,866 ppb) and antimony (6 to 359 ppm) are
particularly anomalous.
The northern part of the structure appears to be the most prospective,
at this time, as it has the strongest geochemical signature and the
strongest alteration. However, the geochemistry indicates the southern
part of the structure is also prospective.
These new discoveries in the southern part of the La Fortuna gold
indicate significant potential to expand the district and for the
discovery of large deposits of epithermal gold mineralization.
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,
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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EXPLORATEUR |
CODE : GL.TO |
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CUSIP : 28114L106 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Golden Peaks Res. est une société d’exploration minière d'or basée au Canada. Golden Peaks Res. détient divers projets d'exploration en Argentine. Ses principaux projets en exploration sont GOLDEN CATEO et LA FORTUNA en Argentine. Golden Peaks Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 29,9 millions CA$ (29,4 millions US$, 23,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,90 CA$, et son plus bas niveau récent le 05 décembre 2008 à 0,15 CA$. Golden Peaks Res. possède 115 059 000 actions en circulation. |