Owner
Post by Franko10 ™ on Feb 22, 2005 22:31:29 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
1102004
NEWS RELEASE
February 7, 2005 - Vancouver, BC. Further to its News Release of September 30, 2004, Golden Arch Resources Ltd. (the “Company”) is please to announce some of the results from its ongoing 2004-2005 Fall/Winter Exploration Program on its 100%-owned Mildred Peak gold-silver-copper property in Arizona.
The Emily Copper Area was originally identified by a number of isolated outcrop prospecting chip samples to be an area of approximately 600 meters by 800 meters, in which the average of the prospecting samples taken was higher than 0.30% copper and 0.98 ounces of silver per ton. Five hand trenches were dug across the Emily Zone, and semi-continuous (as determined by overburden depth) chip samples were taken along the trenches.
The results of the trenching program and additional prospecting chip samples indicate that the Emily Zone appears to be about 600 meters wide by 1400 meters long. Currently, from surface sampling only, it would appear that the Emily Zone consists of 4 or 5 sulphide and oxide mineralized zones that steeply west dipping, and strike north-east/south-west, and carry copper grades ranging from less than 0.10% Cu to a high of over 5.0%Cu. The silver values in these linear zones appear to correlate with the copper, and range in value from less than 1 gram per tonne to approximately 66 grams per tonne (approximately 1.9 oz Ag per ton).
Over the course of this Fall/Winter program, the Emily area has been expanded to the south by 8 prospecting samples and 1 semi-continuous hand trench. Eliminating the highest sample result (170 g/t Ag [4.95 oz/t Ag]) the prospecting samples average 25 g/t Ag [0.72 oz/t Ag]. The hand trenching in this area also appears to suggest that the mineralization is concentrated in several northeast-trending zones.
As yet the Emily Zone lacks definition as to both grade and dimension. Nevertheless, the results to date are encouraging. The presence of intrusive dykes in the area also lends credence to the possibility that this surface mineralization reflects the presence of porphyry copper mineralization at depth.
In addition, to attempt to determine the extent of mineralization both horizontally and vertically, an Induced Polarization (IP) survey is being undertaken to cover this area. Also, A Magnetometer survey will commence shortly. This geophysical program, together with the sampling data gathered to date, will provide the input necessary to guide a second-stage diamond drill program. An application for the drilling permits has been filed and an archaeological study is currently underway to clear the State requirements for the drilling program.
The exploration program is under the supervision of R.D. Somerville, P.Eng., a Qualified Person under National Instrument 43-101.
Silver analysis was determined by aqua regia ICP and, for higher content samples, gravimetric fire assay. Copper analysis was determined by aqua regia ICP; samples known or suspected to contain higher levels were determined by “Code 8 Assay”, whereby a 0.5 g sample is digested in aqua regia and diluted volumetrically to 250 ml with 18 megaohm water, and analyzed on a Thermo-Jarrell Ash ICP. All analyses were done by Actlabs-Skyline Labs Inc. of Tucson, Arizona.
"Les Kjosness"
Director
Safe Harbor
This news release and any documents attached thereto contain forward-looking statements that may involve a number of risks and uncertainties. There are factors that could cause actual results to differ from those indicated by these forward-looking statements such as, but not limited to, market and general economic conditions and other risk factors as outlined, from time to time, in various news releases, reports and other documents filed with the TSX Venture Exchange and other regulatory authorities. Forward-looking statements are based on the opinions and estimates of management and/or Qualified Person(s) when they are made
#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
1102004
NEWS RELEASE
February 7, 2005 - Vancouver, BC. Further to its News Release of September 30, 2004, Golden Arch Resources Ltd. (the “Company”) is please to announce some of the results from its ongoing 2004-2005 Fall/Winter Exploration Program on its 100%-owned Mildred Peak gold-silver-copper property in Arizona.
The Emily Copper Area was originally identified by a number of isolated outcrop prospecting chip samples to be an area of approximately 600 meters by 800 meters, in which the average of the prospecting samples taken was higher than 0.30% copper and 0.98 ounces of silver per ton. Five hand trenches were dug across the Emily Zone, and semi-continuous (as determined by overburden depth) chip samples were taken along the trenches.
The results of the trenching program and additional prospecting chip samples indicate that the Emily Zone appears to be about 600 meters wide by 1400 meters long. Currently, from surface sampling only, it would appear that the Emily Zone consists of 4 or 5 sulphide and oxide mineralized zones that steeply west dipping, and strike north-east/south-west, and carry copper grades ranging from less than 0.10% Cu to a high of over 5.0%Cu. The silver values in these linear zones appear to correlate with the copper, and range in value from less than 1 gram per tonne to approximately 66 grams per tonne (approximately 1.9 oz Ag per ton).
Over the course of this Fall/Winter program, the Emily area has been expanded to the south by 8 prospecting samples and 1 semi-continuous hand trench. Eliminating the highest sample result (170 g/t Ag [4.95 oz/t Ag]) the prospecting samples average 25 g/t Ag [0.72 oz/t Ag]. The hand trenching in this area also appears to suggest that the mineralization is concentrated in several northeast-trending zones.
As yet the Emily Zone lacks definition as to both grade and dimension. Nevertheless, the results to date are encouraging. The presence of intrusive dykes in the area also lends credence to the possibility that this surface mineralization reflects the presence of porphyry copper mineralization at depth.
In addition, to attempt to determine the extent of mineralization both horizontally and vertically, an Induced Polarization (IP) survey is being undertaken to cover this area. Also, A Magnetometer survey will commence shortly. This geophysical program, together with the sampling data gathered to date, will provide the input necessary to guide a second-stage diamond drill program. An application for the drilling permits has been filed and an archaeological study is currently underway to clear the State requirements for the drilling program.
The exploration program is under the supervision of R.D. Somerville, P.Eng., a Qualified Person under National Instrument 43-101.
Silver analysis was determined by aqua regia ICP and, for higher content samples, gravimetric fire assay. Copper analysis was determined by aqua regia ICP; samples known or suspected to contain higher levels were determined by “Code 8 Assay”, whereby a 0.5 g sample is digested in aqua regia and diluted volumetrically to 250 ml with 18 megaohm water, and analyzed on a Thermo-Jarrell Ash ICP. All analyses were done by Actlabs-Skyline Labs Inc. of Tucson, Arizona.
"Les Kjosness"
Director
Safe Harbor
This news release and any documents attached thereto contain forward-looking statements that may involve a number of risks and uncertainties. There are factors that could cause actual results to differ from those indicated by these forward-looking statements such as, but not limited to, market and general economic conditions and other risk factors as outlined, from time to time, in various news releases, reports and other documents filed with the TSX Venture Exchange and other regulatory authorities. Forward-looking statements are based on the opinions and estimates of management and/or Qualified Person(s) when they are made
