Owner
Post by Franko10 ™ on Oct 15, 2005 8:09:46 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
May 26, 2005 - Golden Arch Resources Ltd.(the ‘Company’) is pleased to announce the option to acquire all mineral rights to the “TOLDYASO” property in Cochise County, Arizona, subject to regulatory approval. The property consists of 64 Federal claims (approximately 2 square miles). To complete the acquisition the Company must pay US$7,000 upon approval, US$10,000 on the 1st and 2nd anniversaries, and US$20,000 on the 3rd and 4th anniversaries. Each subsequent year will be a US$20,000 Royalty payment or 2.0% Net Profits Interest, whichever is greater. In addition, the Company must pay a total of 200,000 shares (50,000 shares on signing, 50,000 shares on the first anniversary and 100,000 shares on the second anniversary). The Vendors are David Lajack, Daniel Lajack and William Lajack (the ‘Lajack Group’).
The TOLDYASO Property has a history of gold, silver, copper and molybdenum mineralization established with previous exploration.
Golden Arch Resources intends further the exploration of the TOLDYASO Property to establish the potential values in the area.
"Les Kjosness"
President
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.
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
May 26, 2005 - Golden Arch Resources Ltd.(the ‘Company’) is pleased to announce the option to acquire all mineral rights to the “TOLDYASO” property in Cochise County, Arizona, subject to regulatory approval. The property consists of 64 Federal claims (approximately 2 square miles). To complete the acquisition the Company must pay US$7,000 upon approval, US$10,000 on the 1st and 2nd anniversaries, and US$20,000 on the 3rd and 4th anniversaries. Each subsequent year will be a US$20,000 Royalty payment or 2.0% Net Profits Interest, whichever is greater. In addition, the Company must pay a total of 200,000 shares (50,000 shares on signing, 50,000 shares on the first anniversary and 100,000 shares on the second anniversary). The Vendors are David Lajack, Daniel Lajack and William Lajack (the ‘Lajack Group’).
The TOLDYASO Property has a history of gold, silver, copper and molybdenum mineralization established with previous exploration.
Golden Arch Resources intends further the exploration of the TOLDYASO Property to establish the potential values in the area.
"Les Kjosness"
President
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.
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
