Post by Franko10 ™ on Feb 21, 2005 19:38:56 GMT -5
GOLDEN ARCH RESOURCES LTD. #928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: (604) 681-8222 Fax: (604) 681-8282
Exemption 12g3 - 2(b)
SEC File # 82-659
GAI: TSX Venture
GARCF: O.T.C
NEWS RELEASE
Mildred Peak Property
Phone: (604) 681-8222 Fax: (604) 681-8282
Exemption 12g3 - 2(b)
SEC File # 82-659
GAI: TSX Venture
GARCF: O.T.C
NEWS RELEASE
Mildred Peak Property
Strong Gold Results – Trench Sampling
June 19, 2002 – The Board of Directors of Golden Arch Resources Ltd. is pleased to
announce that it has completed Phase 1 of the Preliminary Exploration Program on the
Mildred Peak Gold Property in Pima County, Arizona.
The Mildred Peak Property is centered on a Tertiary Laramide intrusive. The gold
mineralization appears to be concentrated within a thick shallow-dipping Jurassic
conglomerate near the intrusive contact. The gold occurs associated with iron and copper sulphides within veinlets with several different attitudes, within significant continuous veins approximately 6 to 8 feet in width, and widely disseminated with sulphides within the conglomerate.
Previous soil sampling has indicated two gold anomalous zones: the North Geochemical
Anomaly (“N. Anomaly”) is about 2 km long and over 120 m wide and the South
Geochemical Anomaly (“S. Anomaly”) is over 1 km long. Anomalous soil samples run as high as 2,800 ppb. Grab rock chip samples within these areas grade up to 1.27 opt (ounces per ton) gold. Limited percussion blasthole drilling in the northerly geochemical zone in one hole returned 150 feet of 0.044 opt gold.
Three trenches on the N. Anomaly with a total length of 242 meters were dug to bedrock and samples at two-meter intervals. Trench A, the most northerly of the trenches, was 64 m long and grading and average of 1,247 ppb gold (1.25 g/t Au or grams gold per metric tonne) over the entire length of the trench including the following:
TRENCH A
Location Interval
(m)
Length
(m)
Gold
(ppb)
Length
(ft)
Gold
(opt)
Type Area Objective
Trench A 0 to 64 64 1,247 210 0.036 Rock N.Anomaly Prelim Rock
Trenching
Including 6 to 8
36 to 64
2
28
7,300
1,701
6.6
91.8
0.21
0.050
Rock N.Anomaly
Trench B is 70 meters long and located approximately 500 meters south of Trench A and grading an average of 917 ppb gold (0.09 g/t Au) over the entire length of the trench including the following:
TRENCH B
Location Interval
(m)
Length
(m)
Gold
(ppb)
Length
(ft)
Gold
(opt)
Type Area Objective
Trench B 0 to 70 70 917 230 0.027 N.Anomaly Prelim Rock
Trenching
Including 10 to 70
20 to 28
42 to 46
60
8
4
1,012
2,285
4,600
197
26
13
0.030
0.067
0.134
N.Anomaly
Trench C is 108 meters long and located approximately 200 meters south of Trench B and grading as follows:
TRENCH C
Location Interval
(m)
Length
(m)
Gold
(ppb)
Length
(ft)
Gold
(opt)
Type Area Objective
Trench C 6 to 54 48 123 157 0.004 N.Anomaly Prelim Rock
Trenching
Including 54 to 84
68 to 84
78 to 84
30
16
6
1,485
2,103
3,350
98
53
20
0.04
0.06
0.09
N.Anomaly
Trench D is 100 meters long and located approximately 7,000 meters south of Trench C on the South Geochemical Anomaly. All the samples taken on this trench were anomalous.
The trench averaged 203 ppb Au over the entire length. Trenches A, B, and C all exhibit open-pit-mineable gold over significant widths. The Company management feels that trenching and sampling must be completed to further define the anomalous areas to prepare for a diamond drilling later this year. This preliminary trenching program has significantly enhanced the exploration potential of the Mildred Peak gold/coppery property.
The drill program and the sampling protocol are managed by Golden Arch, with oversight provided by Qualified Person Bernard Stannus, P.Eng., and R. Somerville, P.Eng. (Director and COO of Golden Arch Resources Ltd.) All samples in this program were analyzed by a combination of fire assay and atomic absorption.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President