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New Drill Targets discovered 1400m Along strike from T11 Deposit
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June 24, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report that new drill targets are now
identified on the HS zone. The HS zone lies approximately 1,400 meters
southeast of the T-11 deposit on the A structure and along strike.
Previous exploration on the HS zone has indicated a continuous
mineralized structure. The new targets are located beneath a strong
soil geochemistry anomaly; gold (0.33--0.36 g/t) and supported with
copper (60-72 ppm) and arsenic (30-36 ppm). This is similar
mineralization that is located at the T-11 deposit.
The new drill targets were identified by a CSAMT survey run over the HS
zone (1 line approximately 450 meters) and are associated with strong
conductive zones which extend to a depth of + 240 meters.
http://www.goldenpeaks.com/i/misc/image001.jpg
The HS zone is similar in mineralization to the other deposits
identified along the A structure (T-11, G Zone and Amphitheatre) and
the Company believes a significant gold resource will be delineated at
the HS zone. In addition, there is the potential to discover additional
gold deposits in this immediate area. This new target will be drilled
in the proposed exploration program.
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,
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. |