Post by Franko10 ™ on Feb 22, 2005 21:56:36 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
New Gold Area at Mildred Peak Property
December 29, 2003 – Golden Arch Resources Ltd. is pleased to announce that a recent
trenching\sampling program on the Mildred Peak Gold Property in Arizona has uncovered a low-grade gold mineralized zone about 1 km south of the Amado Gold Area in the newly discovered Puente Arroyo Gold Area.
Six hand trenches from ten to eighteen meters in length were dug at right angles to the apparent strike of a silicified and sulphide-mineralized zone. The trenches were spaced at approximately ten meter intervals along the perceived trend and were sampled continuously at 2 meter intervals. All of the trenches returned gold samples which were anomalous to highly anomalous. Five of the six trenches had sections from four to eight meters wide (from 13.1 feet to26.3 feet), grading from 4 meters at 1.07 grams/tonne gold, (13.1 ft. @ 0.031 opt gold) to 6 meters at 2.92 grams/tonne gold (19.6 ft @ 0.085 opt gold) The Puente Arroyo Area is the most southerly zone of continuous gold mineralization yet discovered on the Mildred Peak Gold Property. Further trenching and sampling will be undertaken here early in the new year to explore, and hopefully to extend, this promising new discovery.
The 2003 exploration program is under the supervision of R.D. Somerville, P. Eng., COO and a director of the Company, and a Qualified Person under National Instrument 43-101.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President