=======================================================================
Re: News Release - Thursday, June 04, 2009
Flanking Structures to the G Zone Gold Deposit
=======================================================================
June 4, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report that the potential of the G deposit has
been expanded. As reported (May 7, 2009) high priority drill targets
were identified in the G deposit. As well, two new structures have been
identified which flank the G deposit to the southwest and northeast.
The new structures were identified by a CSAMT survey run over the G
deposit (2 lines approximately 350 meters apart). Both structures are
associated with the same strong conductive zones which extend to + 500
meters depth (CSAMT) on the G and T-11 deposit. The new structures have
minimum lengths of 500 meters and have never been drilled. Both
structures are high priority drill targets. The structural zone which
hosts the G deposit and the two newly identified structures has a
minimum width of 460 meters.
Gold mineralization has been intersected in the G deposit over a
distance of approximately 700 meters (31 drill holes app. 4000 meters).
The G deposit and its flanking structures are long, wide and deep
(minimum 700 meters X 460 meters X 500 meters). All structures remain
open along strike and at depth.
The Company believes a significant gold resource will be delineated at
the G deposit and there is potential to discover additional gold
deposits in this immediate area.
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.
=======================================================================
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
=======================================================================
.
<
|
Golden Peaks Resources Ltd.
|
|
EXPLORATEUR |
CODE : GL.TO |
|
CUSIP : 28114L106 |
| |
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. |