Post by Franko10 ™ on Feb 22, 2005 20:39:38 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
#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
Jupiter Trench Sampling
June 4, 2003 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce
preliminary results on its 2003 trench sampling program on the Jupiter Project on its
Mildred Peak Property in Pima County, Arizona. The west end of Trench A, which was sampled and analysed in 2002, was extended for 16 meters, and a gap in the middle of the trench that was not sampled in the 2002 program was completed in the 2003 program. The combined results of the two sampling programs, measuring from the west end of Trench A are as follows:
Gold g/t oz/t
0-22 meters slightly to moderately anomalous no significant values
22-46 meters 24 meters (79 ft.) 1.230 0.036
46-100 meters slightly to strongly anomalous
100-128 meters 28 meters (92 ft.) 1.701 0.050
Trench B lies approximately 175 meters south of Trench A, and was also sampled in the 2002 program. In the current 2003 program, the east and west ends of the trench were extended for 10 meters and 12 meters respectively. The combined results of the two sampling programs, measuring from the west end of Trench B are as follows:
Gold g/t oz/t
0-20 meters moderately anomalous no significant values
20-24 meters 4 meters (13.1 ft.) 1.780 0.052
24-32 meters moderately anomalous
32-40 meters 8 meters (26.2 ft.) 2.285 0.067
40-54 meters moderately anomalous
54-92 meters 38 meters (124.7 ft.) 1.146 0.033
It is evident that the last samples at the east ends of Trenches A and B are apparently ore-grade or near ore-grade, and are part of a mineralized zone that appears to continue to the east. Additional trenching to extend Trenches A and B will be part of the next phase of the exploration program. Further to our news release of May 28, 2003, the assay values listed for Trench #10 were listed incorrectly. The correct values are as follows:
Gold g/t oz/t Trench #10 6 meters (19.7 ft.) 16.82 0.491
A two-meter sample assayed 45.0 g/t gold (1.3 oz/t). The samples from this trench are being re-assayed as part of a check sample program.
The recent sampling program on the project described above took place under the direction and supervision of Mr. R. Somerville, P.Eng., a Qualified Person under the meaning of National Policy Instrument 43-101. Mr. B. Stannus, an independent Qualified Person has reviewed our sampling procedure and has taken a number of check samples to verify the Golden Arch sampling results. The check sample results should be available within two weeks.
Further to our news release of May 9, 2003, United Bolero Development Corp. has the right to enter into an agreement to earn a 51% interest in the northern portion of the Mildred Peak Property, which includes the Jupiter Project.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President