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Drilling To Focus On The T-11 & G Gold Zones
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December 3, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to report, it has completed a geostatistical
analysis of the geochemistry of the mineralized systems present on the
La Fortuna Gold Project, Argentina.
Geostatistics is a branch of statistics focusing on spatiotemporal
datasets. Developed originally to predict probable distributions for
mining operations, it is currently applied in diverse disciplines
including geochemistry.
Chemical analyses of samples from all of the zones were evaluated by
several geostatistical methods. The significant conclusions are:
1. The mineralization is categorized as low sulphidation type.
2. The greatest enrichment in gold is found in the T-11, G and
CR zones where the gold to silver ration is 1:1. The
enrichment is associated with higher mineralizing
temperatures likely focused by the intersection of the A and
CR Structures.
3. Regression analysis identified a distinctive population of
high value gold assays associated with high copper values.
In the T-11/G/CR zones this gold population is associated
with quartz veins/breccias the roots of which are the primary
targets of the planned drill program.
4. The most prospective areas are in the northwest: T-11, G and
CR zones.
The T-11 and G zones are located in the northeast part of the project
where the A and CR Structures intersect.
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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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. |