| $0.45 |  |
| $0.45 | |
| June 24, 2009 New Drill Targets discovered 1400m Along strike from T11 Deposit | |
| 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 Investor Information, contact: Mike Kordysz, 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. | |
You can view the Next News Releases item: Thu Jul 9, 2009, Additional 10 km of New Gold Mineralized Structures Identified You can view the Previous News Releases item: Tue Jun 9, 2009, Baseline Report Received You can return to the main News Releases page, or press the Back button on your browser. |
