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Re: News Releases - Wednesday, November 14, 2007
Check Assays
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November 14, 2007, -- Vancouver -- Golden Peaks Resources Ltd. (TSX:
GL) (the "Company") is pleased to report the result of check assaying
recently completed on diamond drill core samples from the La Fortuna
project, Chubut province, Argentina. Reject fractions of 401 core
samples from 40 holes drilled on the T-11, Amphitheatre and G zones
were check assayed. The suite of samples comprised high, medium and low
grade gold samples. The 40 holes were drilled over a period of
approximately 10 months and all 401 samples were initially assayed for
gold by Alex Stewart (Assayers) Argentina S.A. The rejects were
recently sent to ALS Chemex for check assaying using the same assaying
protocol employed by Alex Stewart (Assayers) Argentina S.A. The results
are presented on the company's web- site
http://www.goldenpeaks.com/i/pdf/Check_Assay.pdf.
The Company is pleased with the results. Overall there is good
correspondence between the original and check assays which confirms the
Company's assaying protocol is appropriate for the gold mineralization
being assayed despite the fact the mineralization is from different
zones. Such variation as is observed may be attributable to the nugget
effect.
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 TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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) 2007 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
Message sent on Wed Nov 14, 2007 at 2:24:30 PM Pacific Time
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