Post by Franko10 ™ on Feb 20, 2005 19:40:08 GMT -5
GOLDEN ARCH RESOURCES LTD.
8930 OAK STREET, VANCOUVER, BC V6P 4B7 (604) 266-9910 1-800-661-0091 Fax: (604)266-5000
E-mail: safeenv@direct.ca
NEWS RELEASE
Symbol: GAI (CDNX) Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
8930 OAK STREET, VANCOUVER, BC V6P 4B7 (604) 266-9910 1-800-661-0091 Fax: (604)266-5000
E-mail: safeenv@direct.ca
NEWS RELEASE
Symbol: GAI (CDNX) Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
January 25, 2000 - Vancouver, BC. Golden Arch Resources is pleased to announce that the drilling of the Warren/Thurmond #2 well on the Company’s Camp Colorado Prospect has commenced. The Camp Colorado Prospect is located in Coleman County, Texas.
The Warren/Thurmond #2 well is a direct offset drill to the Company’s discovery well, the Warren/Thurmond #1 which was successfully drilled in July, 1999, This is the first well to be drilled of a development program planned for this 2,600 acre prospect. The target zones are the Caddo Limestone and the Marble Falls formations. The well will be drilled to an approximate depth of 3, 000 feet. Ongoing preparations are also being made to drill a well on the Company’s newly acquired Madren Draw Prospect in Weston County, Wyoming during February, 2000. The Madren Draw Prospect is adjacent to the Company’s Alkali Draw Prospect. Further announcements are forthcoming with regards to Wyoming. The Company has a 10% interest in each of the Camp Colorado, Madren Draw and Alkali Draw Prospects.
Subject to regulatory approval, the Company will issue 1,640,000 shares of the Company to three investors in order to retire debt associated with the purchase of interest in the Alkali Draw Prospect, Madren Draw Prospect and Warren/Thurman #2 well.
For further information on this news release please contact Richard J. Watson 1-800-661-0091,
On behalf of the Board of Directors of Golden Arch Resources Ltd.
"D.K. Greenlaw"
Director
The Canadian Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.