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Lonco Drilling Completed-La Fortuna Drilling Resumed
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November 8, 2007, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL).
Scott Emerson Chairman is pleased to announce that first phase
reconnaissance drilling (1500 meters) has been completed on the Lonco
gold project.
The drill program has identified a potentially significant new area of
epithermal gold mineralization superimposed on a porphyry system. The
drill program targeted a series of west-trending structures, associated
with precious metal mineralization, over a horizontal distance (north
to south) of approximately 1,600 meters.
The individual structures appear to be components of a major, regional
east-west shear zone. The project which hosts a medium sized porphyry
copper-gold system associated with potassicaly altered diorite
porphyry, has never been explored for epithermal gold mineralization.
Assays are awaited and will be released once received and evaluated.
The Company is also pleased to report that mobilization at the La
Fortuna Gold Project has been completed and drilling has resumed after
the refurbishment of the drill camp and equipment.
In November, the company will host mining analysts from major North
American securities firms, as well as major mining companies on site
visits to the La Fortuna project and Lonco gold porphyry project in
Argentina. The interest shown by these analysts and interested 3rd
parties reflects the current interest in Golden Peaks Resources South
American exploration portfolio.
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
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