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| 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. | |
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