=======================================================================
Re: News Releases - Thursday, December 10, 2009
INREMI Report on La Fortuna Gold Project; Argentina
=======================================================================
December 10, 2009, -- Vancouver -- Golden Peaks Resources Ltd. (TSX:
GL) (the "Company") is pleased to report it has recently received an
integrated study completed by the Instituto de Recursos Mineralises
(INREMI) of La Plata university, Argentina. The INREMI study integrated
available data from gold assays, geochemistry, fluid inclusion data,
petrographic & polished thin section studies, and PIMA alteration
studies.
Fluid inclusions are remnants of fluids that existed at the time the
mineralization formed. As such they give valuable information as to the
temperature and composition of the fluid which deposited the gold
mineralization.
Petrographic & polished thin section studies are used to determine what
minerals are present with gold in the mineralization, and their
relationships.
The PIMA (portable infrared mineral analyser) is a spectrometer that
measures the infrared (1300-2500-nm wavelength) radiation reflected
from illuminated geological samples. PIMA is used to identify minerals
commonly formed during hydrothermal alteration.
The study concluded the following:
1. The mineralization (five phases) is of Jurassic age and formed
in an arc or back-arc rift environment.
2. The alteration noted at the T-11 and G zones conforms to early,
high temperature (280 to 300 �C), probably deep level alteration,
of low to moderate salinity.
3. The mineralogy changes from gold with copper in the area of
the T-11/G/CR zones to gold with zinc-lead in the southeast.
4. The highest grades of gold and silver are in the area of the
T-11, G and CR zones.
The conclusions of the INREMI study support the field observations and
the conclusions of the geostatistical analysis of the geochemistry of
the mineralized systems (News Release December 3, 2009) that the focus
areas identified for the proposed drill program are at the T-11, G and
CR zones.
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.
=======================================================================
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. |