Owner
Post by Franko10 ™ on Oct 15, 2005 8:30:07 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
Update Mildred Peak Diamond Drilling Program
October 11, 2005 Golden Arch Resources Ltd. (GAI: TSX Venture) is pleased to announce that it has completed three holes totaling 859 feet of diamond (core) drilling on the Jupiter zone of its Mildred Peak, gold/silver/copper property in Pima County, Arizona.
In April, 2005, assays of samples taken in a mechanical trench on the Jupiter zone returned the following results:
36 meters (118 feet) of 1.23 grams Au per tonne (0.036 oz Au per ton) and 16.85 grams Ag per tonne (0.491 oz Ag per ton) , including
8 meters (26 feet) of 2.80 grams Au per tonne (0.082 oz Au per ton) and 33.6 grams Ag per tonne (0.98 oz Ag per ton).
Two of the newly completed diamond drill holes were drilled immediately below the 8 meter section (from the trench reported above) at - 45 degrees and at – 60 degrees. A third hole was drilled from the same location at a 45 degree angle to the azimuth of the first two holes, and at a 45 degree dip. All three holes intersected the same silicified, sulphide-mineralized zone that was encountered in the trench. All the core has been split, sampled and the samples sent for assay.
Pending these assay results, the diamond drill has been moved onto the Amado Area to begin a program of drilling there. Extensive surface trenching on the Michelle Vein in this area revealed a zone 90 meters long (295 feet) and 8.25 meters wide (27 feet) containing an average grade of 11.5 grams of Au per tonne (.335 oz Au per ton). The current drill program in this area will attempt to trace the downward faulted extension of this vein.
On behalf of the Board of Directors
“Richard Somerville P.Eng.”
Vice-President and Director
The Company’s exploration program is under the supervision of R.D. Somerville, P. Eng., a Qualified Person under National Instrument 43-101. Mr. Somerville is Vice President and COO of Golden Arch Resources Ltd.
Golden Arch Resources Ltd. is an oil, gas and metals exploration company based in Vancouver, BC, Canada. Its principal asset is the Mildred Peak Copper, Gold and Silver property located in Arizona, USA acquired in 2001.
The Mildred Peak Property consists of approximately 8,343 acres of State of Arizona Mineral Exploration Permits and approximately 1,000 acres of Federal mining claims in Pima County Arizona. The property covers eleven copper and precious metals prospects, which the company is currently exploring.
“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
Update Mildred Peak Diamond Drilling Program
October 11, 2005 Golden Arch Resources Ltd. (GAI: TSX Venture) is pleased to announce that it has completed three holes totaling 859 feet of diamond (core) drilling on the Jupiter zone of its Mildred Peak, gold/silver/copper property in Pima County, Arizona.
In April, 2005, assays of samples taken in a mechanical trench on the Jupiter zone returned the following results:
36 meters (118 feet) of 1.23 grams Au per tonne (0.036 oz Au per ton) and 16.85 grams Ag per tonne (0.491 oz Ag per ton) , including
8 meters (26 feet) of 2.80 grams Au per tonne (0.082 oz Au per ton) and 33.6 grams Ag per tonne (0.98 oz Ag per ton).
Two of the newly completed diamond drill holes were drilled immediately below the 8 meter section (from the trench reported above) at - 45 degrees and at – 60 degrees. A third hole was drilled from the same location at a 45 degree angle to the azimuth of the first two holes, and at a 45 degree dip. All three holes intersected the same silicified, sulphide-mineralized zone that was encountered in the trench. All the core has been split, sampled and the samples sent for assay.
Pending these assay results, the diamond drill has been moved onto the Amado Area to begin a program of drilling there. Extensive surface trenching on the Michelle Vein in this area revealed a zone 90 meters long (295 feet) and 8.25 meters wide (27 feet) containing an average grade of 11.5 grams of Au per tonne (.335 oz Au per ton). The current drill program in this area will attempt to trace the downward faulted extension of this vein.
On behalf of the Board of Directors
“Richard Somerville P.Eng.”
Vice-President and Director
The Company’s exploration program is under the supervision of R.D. Somerville, P. Eng., a Qualified Person under National Instrument 43-101. Mr. Somerville is Vice President and COO of Golden Arch Resources Ltd.
Golden Arch Resources Ltd. is an oil, gas and metals exploration company based in Vancouver, BC, Canada. Its principal asset is the Mildred Peak Copper, Gold and Silver property located in Arizona, USA acquired in 2001.
The Mildred Peak Property consists of approximately 8,343 acres of State of Arizona Mineral Exploration Permits and approximately 1,000 acres of Federal mining claims in Pima County Arizona. The property covers eleven copper and precious metals prospects, which the company is currently exploring.
“The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.”
