Owner
Post by Franko10 ™ on Feb 22, 2005 22:17:57 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.GoldenArchResources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
April 30, 2004 – Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce it has received confirmation from Altar Resources Partnership, that the Company has fulfilled their requirements to Altar Resources for 2003 – 2004. This completes the obligation to Altar concerning the ‘Mildred Peak Property’ in Pima County, Arizona as disclosed in March 26, 2002 news release. The lease agreement on the Mildred Peak Property with Altar Resources Partnership continues in good standing. A finders fee is payable subject to regulatory approval.
During the current drilling program on the Mildred Peak property, 14 short holes have been drilled. Five of the eight holes drilled on the Michelle Zone and three of those drilled on the Rachel Zone encountered significantly anomalous gold values of up to 3 grams gold per tonne. The strong solidification and highly anomalous gold values in these mineralized zones indicate further exploration will be required and is being planned to establish these zones.
Three short holes and two trenches were completed on the Malachite Silver area. While assays have not yet been received from this work, a fault was intersected that appears to have offset this copper-silver mineralized zone. A geophysical program will be initiated to trace the offset portion of the zone.
The company has applied to the State of Arizona for permits for a new trenching program designed to obtain more information on the mineralization of the newly discovered ‘Bonnie’ zone located in the northern part of the Amado area of the property.
Owing to a prior drilling commitment with another party, our Arizona diamond drilling contractor has ended our drilling program at Mildred Peak before completion. A replacement drilling contractor will be found as soon as possible.
In the Company’s natural gas exploration program, logging of the gas well in Hemphill County, Texas (Young #2-66) in which Golden Arch has participated should be finished by the end of the week. The hole was drilled to a final depth of 13550 feet. Numerous gas shows were detected during the course of drilling. Discussions are underway with the drilling partners, and when the logging is done, a completion drilling rig will be moved onto the hole.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.GoldenArchResources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
April 30, 2004 – Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce it has received confirmation from Altar Resources Partnership, that the Company has fulfilled their requirements to Altar Resources for 2003 – 2004. This completes the obligation to Altar concerning the ‘Mildred Peak Property’ in Pima County, Arizona as disclosed in March 26, 2002 news release. The lease agreement on the Mildred Peak Property with Altar Resources Partnership continues in good standing. A finders fee is payable subject to regulatory approval.
During the current drilling program on the Mildred Peak property, 14 short holes have been drilled. Five of the eight holes drilled on the Michelle Zone and three of those drilled on the Rachel Zone encountered significantly anomalous gold values of up to 3 grams gold per tonne. The strong solidification and highly anomalous gold values in these mineralized zones indicate further exploration will be required and is being planned to establish these zones.
Three short holes and two trenches were completed on the Malachite Silver area. While assays have not yet been received from this work, a fault was intersected that appears to have offset this copper-silver mineralized zone. A geophysical program will be initiated to trace the offset portion of the zone.
The company has applied to the State of Arizona for permits for a new trenching program designed to obtain more information on the mineralization of the newly discovered ‘Bonnie’ zone located in the northern part of the Amado area of the property.
Owing to a prior drilling commitment with another party, our Arizona diamond drilling contractor has ended our drilling program at Mildred Peak before completion. A replacement drilling contractor will be found as soon as possible.
In the Company’s natural gas exploration program, logging of the gas well in Hemphill County, Texas (Young #2-66) in which Golden Arch has participated should be finished by the end of the week. The hole was drilled to a final depth of 13550 feet. Numerous gas shows were detected during the course of drilling. Discussions are underway with the drilling partners, and when the logging is done, a completion drilling rig will be moved onto the hole.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
