Owner
Post by Franko10 ™ on Feb 22, 2005 22:21:17 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
NEW COPPER DISCOVERY on MILDRED PEAK PROPERTY
June 10, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce that its geologists have discovered a previously unrecognized area of widespread, highly anomalous copper, gold and silver mineralization on the Mildred Peak Property in Pima County, Arizona. The new discovery, called the Emily Copper Area, is in the southwestern part of the property in the Los Moras Canyon drainage. The Company has applied to the state and acquired additional exploration leases to expand its land coverage of the Mildred Peak Property.
Prospecting and reconnaissance sampling have identified an area of copper mineralization approximately 400 meters long and 200 meters wide. A preliminary seven samples have been taken here, all of which contained ribboned quartz stringers in a copper-oxide-stained, fine-grained sandstone or silicic intrusive. Among these, a composite sample taken over a 30-meter distance assayed 0.62% copper and 245 ppb gold. Another composite sample over 8 meters ran 1.02 % copper, and 220 ppb gold, and a third composite sample over 5 meters returned 0.75% copper and 460 ppb gold. Four individual samples of representative material graded between a high of 5.33% copper and 4.66 grams of gold per metric ton, and a low of 0.38% copper and 140 ppb gold. The highest-grade copper sample also contained 14.4 oz of silver per ton, while the silver average for the seven samples was 3.2 oz silver per ton.
The Company’s crews are initiating a test soil sample survey to determine the usefulness of geochemistry to outline the mineralization. Based on the result, a widespread grid-controlled survey will be undertaken. Subsequently, trenching, sampling, geophysics and drilling are planned on the Emily Area for the late summer and early fall.
The Company continues to explore the Mildred Peak Property as a gold prospect; however, management is mindful that Southern Arizona hosts some of the largest and richest copper deposits in the world.
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
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
NEW COPPER DISCOVERY on MILDRED PEAK PROPERTY
June 10, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce that its geologists have discovered a previously unrecognized area of widespread, highly anomalous copper, gold and silver mineralization on the Mildred Peak Property in Pima County, Arizona. The new discovery, called the Emily Copper Area, is in the southwestern part of the property in the Los Moras Canyon drainage. The Company has applied to the state and acquired additional exploration leases to expand its land coverage of the Mildred Peak Property.
Prospecting and reconnaissance sampling have identified an area of copper mineralization approximately 400 meters long and 200 meters wide. A preliminary seven samples have been taken here, all of which contained ribboned quartz stringers in a copper-oxide-stained, fine-grained sandstone or silicic intrusive. Among these, a composite sample taken over a 30-meter distance assayed 0.62% copper and 245 ppb gold. Another composite sample over 8 meters ran 1.02 % copper, and 220 ppb gold, and a third composite sample over 5 meters returned 0.75% copper and 460 ppb gold. Four individual samples of representative material graded between a high of 5.33% copper and 4.66 grams of gold per metric ton, and a low of 0.38% copper and 140 ppb gold. The highest-grade copper sample also contained 14.4 oz of silver per ton, while the silver average for the seven samples was 3.2 oz silver per ton.
The Company’s crews are initiating a test soil sample survey to determine the usefulness of geochemistry to outline the mineralization. Based on the result, a widespread grid-controlled survey will be undertaken. Subsequently, trenching, sampling, geophysics and drilling are planned on the Emily Area for the late summer and early fall.
The Company continues to explore the Mildred Peak Property as a gold prospect; however, management is mindful that Southern Arizona hosts some of the largest and richest copper deposits in the world.
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.
