Antwort auf Beitrag Nr.:
36.318.904 von zocklany am 06.01.09
20:42:44VANCOUVER, May 5 /PRNewswire-FirstCall/ - Golden
Peaks Resources Ltd.
(TSX: GL) is pleased to report first drill results from the follow
up diamond
drilling program on the Hill zone, La Fortuna project, in
Patagonia,
Argentina. Table 1: (Map 1:
http://www.goldenpeaks.com/i/pdf/2008-05-05_NRM.pdf ) The Hill zone
is located
between the T-11 gold zone and the Amphitheatre gold zones on the 5
km long A
Structure. Surface gold mineralization has been found along the
entire length
of the A structure and the highest grades appear to be in the T-11,
Hill and
Amphitheatre zones.
Complete results have been received for holes LF-123 and LF-129.
Partial
results have been received for hole LF-125. The results confirm the
presence
of a gold mineralized zone extending northwest,100 meters, from
hole LF-111
(release April 16,2008). Additional drilling is required to bracket
the
mineralization hole LF-125. Additional results will be reported
when received
and evaluated.
Table 1
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Hole # From To Width Gold
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# m m m g/t
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LF-123 13.00 29.00 16.00 0.47
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incl 23.00 26.00 3.00 1.53
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and 24.00 24.50 0.50 6.35
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58.50 64.50 6.00 0.41
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73.00 75.00 2.00 2.45
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incl 74.00 74.50 0.50 8.03
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141.00 142.00 1.00 3.11
-------------------------------------------------------------------------
-------------------------------------------------------------------------
LF-125 48.50 52.00 3.50 2.77
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incl 50.50 51.00 0.50 15.47
-------------------------------------------------------------------------
-------------------------------------------------------------------------
LF-129 77.00 83.50 6.50 1.01
-------------------------------------------------------------------------
incl 81.50 83.50 2.00 2.57
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and 83.00 83.50 0.50 8.45
-------------------------------------------------------------------------
Widths represent down hole core lengths. True widths cannot be
reliably
estimated at this time.
The Company is very encouraged with these results which indicate
the
presence of a potentially significant new area of gold
mineralization along
strike of the T-11 zone, and close to the Amphitheatre zone. The
T-11, Hill,
Amphitheatre and HS zones are all parts of a large gold mineralized
system
developed along the A Structure. As drilling progresses it appears
likely the
T-11, Hill and Amphitheatre zones will join into one larger
zone,
approximately 1.3 km (1300 meters), which to-date has only been
drill tested
at shallow depths.
The La Fortuna project covers a large mineral district in which
eight
zones of structurally controlled gold mineralization have been
identified. The
structures which host the various gold zones total in aggregate a
lineal
distance of approximately 15 kilometers.
The drill contractor is Boart Longyear Latin America. Split/sawn
core
samples are assayed by Alex Stewart (Assayers) Argentina S.A., a
certified ISO
9002 laboratory. In accordance with the Company's QC/QA policy all
high grade
samples are being check assayed at a different laboratory.
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.
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.
CONTACT: Media Information, contact: Scott Emerson, Chairman and
Director,
SE@goldenpeaks.com; Investor Information, contact: Mike Kordysz,
Investor
Communications, MK@goldenpeaks.com
SOURCE Golden Peaks Resources Ltd.
Media Information: Scott Emerson, Chairman and Director,
SE@goldenpeaks.com;
Investor Information, contact: Mike Kordysz, Investor
Communications,
MK@goldenpeaks.com