Post by Franko10 ™ on Feb 22, 2005 20:02:08 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: (604) 681-8222 Fax: (604) 681-8282
Email: goldenarchresources@telus.net
GAI: TSX Venture
GARCF: O.T.C
Exemption 12g3 - 2(b)
SEC File # 82-659
NEWS RELEASE
#928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: (604) 681-8222 Fax: (604) 681-8282
Email: goldenarchresources@telus.net
GAI: TSX Venture
GARCF: O.T.C
Exemption 12g3 - 2(b)
SEC File # 82-659
NEWS RELEASE
Golden Arch Resources Extends Acreage at
Mildred Peak Gold Property
March 18, 2003
Golden Arch Resources Ltd. announces that it has been granted additional Mineral Exploration Permits from the Arizona State Land Department. The Mildred Peak Exploration Property now comprises approximately 2800 acres that Golden Arch holds under its lease agreement with Altar Resources Partnership. In addition to the Exploration Permits, another 22 Federal claims have also been staked and recorded with the Federal Bureau of Land Management. A total of 520 acres are now covered by Federal claims. Golden Arch Resources’ Mildred Peak gold property consists of four high-priority, precious metal, road-accessible exploration projects in an area with good infrastructure. The Jupiter Gold, Placeritos Gold, and historic Gold Bullion Mines are exploration prospects that have all returned ore-grade gold/silver assays, while the Malachite Silver project, grading approximately 15 oz per ton silver and 1% copper, appears to be a significant skarn prospect.
The Company is continuing to negotiate the terms of a joint venture agreement with Redhawk Resources Ltd (RDK) to explore and develop the northern projects (the Gold Bullion, the Jupiter and the Malachite – Silver projects). Meanwhile, in the southern half of the property, Golden Arch continues to explore the Placeritos Gold, a 1.8 kilometer trend of gold showings and high value gold rock-chip geochemistry grading as high as 0.64 oz Au per ton. (22 grams per metric tonne)
On behalf of the Board of Directors
“Les Kjosness”<br>President
For further information, please contact:
Les Kjosness (Chessness) at (604) 681-8222 (Phone) or (604) 681- 8282 (Fax)