Post by Franko10 ™ on Feb 7, 2006 15:17:45 GMT -5
Golden Arch Resources Ltd. - Abbott Wagner - Property ownership update
15:12 EST Tuesday, February 07, 2006
GAI: TSX Venture GARCF: O.T.C
VANCOUVER, Feb. 7 /PRNewswire-FirstCall/ - The Board of Directors has determined the ownership by Golden Arch of mineral interests in properties located in the Slocan Mining District. Interests are held by both crown grants and mineral tenures. In December, 2005, management received an updated report from Abstract Registry of Kamloops, BC on the crown grants owned in whole or in part by the Company. These results are summarized as follows:
-------------------------------------------------------------------------
Fractional Fractional
Lot No. Folio No. Interest Lot No. Folio No. Interest
-------------------------------------------------------------------------
765 096946 100.000% 4454 054410 100.000%
766 096946 100.000% 4455 054410 100.000%
3470 053511 3.125% 4456 054410 100.000%
3471 053520 100.000% 4985 055387 65.000%
3472 053520 100.000% 4986 096938 65.000%
3473 053520 100.000% 4987 096938 65.000%
3474 053520 100.000% 4988 055387 65.000%
3477 053570 3.125% 4989 055387 100.000%
3478 055387 100.000% 4990 055387 100.000%
3479 055387 100.000% 5063 055387 100.000%
3480 055387 100.000% 6039 058130 100.000%
4450 054410 100.000% 6040 058130 100.000%
4451 054410 100.000% 12848 058130 100.000%
4452 054410 100.000% 12849 058130 100.000%
4453 054410 100.000% 12850 058130 100.000%
-------------------------------------------------------------------------
Approximately 750 Ha's (1875 acres)
-----------------------------------
On September 1, 2005 and October 19, 2005 Golden Arch staked eight separate tenures covering grounds previously held by Golden Arch and others (crown grants and mineral tenures) which had been allowed to lapse. Current mineral tenures held are summarized as follows:
-------------------------------------------------------------------------
Tenure Claim Good To Mining Area
Number Name Owner Percent Date Status Division (hectares)
519624 AW2005-1 Golden 100% 01-Sep-06 Good SLOCAN 512.044
Arch Standing
519626 SW2005-2 Golden 100% 01-Sep-06 Good SLOCAN 512.155
Arch Standing
519627 AW2005-3 Golden 100% 01-Sep-06 Good SLOCAN 512.165
Arch Standing
519628 AS2005-4 Golden 100% 01-Sep-06 Good SLOCAN 512.358
Arch Standing
521341 AW CAMP Golden 100% 19-Oct-06 Good SLOCAN 184.427
Arch Standing
521343 AW 5 NW Golden 100% 19-Oct-06 Good SLOCAN 470.905
Arch Standing
521344 AW NW NE Golden 100% 19-Oct-06 Good SLOCAN 81.885
Arch Standing
521347 AW CAMP 2 Golden 100% 19-Oct-06 Good SLOCAN 184.467
Arch Standing -------
2,970.406
Ha's per acre 2.500
-----
Acres held 7426.015
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Mineral Tenures Held by Golden Arch Resources Ltd.
--------------------------------------------------
Both the Abbott and Wagner zones (lead-zinc-silver) are found in the Badshot limestone formation in the mineralized belt known as the Kootenay Arc. The showings were originally discovered in the early 1890's, and have undergone sporadic exploration and development since then by a number of different companies. The deposits are classified as polymetallic (silver-lead- zinc) manto zones and polymetallic veins. A limited shipment of 1,031 tonnes was processed to recover 4,204 kilograms of lead, 32.887 kilograms of zinc and 311.4 oz of silver. In 1986 a resource that was calculated by a Qualified Person was announced for the Wagner vein as follows:
-------------------------------------------------------------------------
Tons Ounces per ton Gold Ounces per ton Silver Combined Lead Zinc
-------------------------------------------------------------------------
82,518 0.01 12.15 12.44%
-------------------------------------------------------------------------
This historic resource is not compliant with National Instrument 43-101, and, therefore, is not to be relied on by investors.
Increases in the price of primary metals mined (silver, lead, zinc) in the vicinity of the Abbott Wagner property have rejuvenated interest in the property. Management is developing possible work plans for this upcoming summer. Due to the elevation of greater than 2,000 meters, work is restricted to approximately five months per year until such time as results warrant a permanent, year round camp and twelve month access.
On behalf of the Board of Directors
"Les Kjosness"
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 a metals and oil and gas 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.
CONTACT: Les Kjosness
Suite 928 - 470 Granville St., Vancouver, B.C., V6C 1V5
Tel: (604) 681-8222, Fax (604) 681-8282
info@goldenarchresources.com
"The TSX Venture Exchange assumes no responsibility for the accuracy of
this Release and neither approves nor disapproves thereof."
SOURCE Golden Arch Resources Ltd.
For further information: Les Kjosness, Suite 928 - 470 Granville St., Vancouver, B.C., V6C 1V5, Tel: (604) 681-8222, Fax (604) 681-8282, info@goldenarchresources.com
15:12 EST Tuesday, February 07, 2006
GAI: TSX Venture GARCF: O.T.C
VANCOUVER, Feb. 7 /PRNewswire-FirstCall/ - The Board of Directors has determined the ownership by Golden Arch of mineral interests in properties located in the Slocan Mining District. Interests are held by both crown grants and mineral tenures. In December, 2005, management received an updated report from Abstract Registry of Kamloops, BC on the crown grants owned in whole or in part by the Company. These results are summarized as follows:
-------------------------------------------------------------------------
Fractional Fractional
Lot No. Folio No. Interest Lot No. Folio No. Interest
-------------------------------------------------------------------------
765 096946 100.000% 4454 054410 100.000%
766 096946 100.000% 4455 054410 100.000%
3470 053511 3.125% 4456 054410 100.000%
3471 053520 100.000% 4985 055387 65.000%
3472 053520 100.000% 4986 096938 65.000%
3473 053520 100.000% 4987 096938 65.000%
3474 053520 100.000% 4988 055387 65.000%
3477 053570 3.125% 4989 055387 100.000%
3478 055387 100.000% 4990 055387 100.000%
3479 055387 100.000% 5063 055387 100.000%
3480 055387 100.000% 6039 058130 100.000%
4450 054410 100.000% 6040 058130 100.000%
4451 054410 100.000% 12848 058130 100.000%
4452 054410 100.000% 12849 058130 100.000%
4453 054410 100.000% 12850 058130 100.000%
-------------------------------------------------------------------------
Approximately 750 Ha's (1875 acres)
-----------------------------------
On September 1, 2005 and October 19, 2005 Golden Arch staked eight separate tenures covering grounds previously held by Golden Arch and others (crown grants and mineral tenures) which had been allowed to lapse. Current mineral tenures held are summarized as follows:
-------------------------------------------------------------------------
Tenure Claim Good To Mining Area
Number Name Owner Percent Date Status Division (hectares)
519624 AW2005-1 Golden 100% 01-Sep-06 Good SLOCAN 512.044
Arch Standing
519626 SW2005-2 Golden 100% 01-Sep-06 Good SLOCAN 512.155
Arch Standing
519627 AW2005-3 Golden 100% 01-Sep-06 Good SLOCAN 512.165
Arch Standing
519628 AS2005-4 Golden 100% 01-Sep-06 Good SLOCAN 512.358
Arch Standing
521341 AW CAMP Golden 100% 19-Oct-06 Good SLOCAN 184.427
Arch Standing
521343 AW 5 NW Golden 100% 19-Oct-06 Good SLOCAN 470.905
Arch Standing
521344 AW NW NE Golden 100% 19-Oct-06 Good SLOCAN 81.885
Arch Standing
521347 AW CAMP 2 Golden 100% 19-Oct-06 Good SLOCAN 184.467
Arch Standing -------
2,970.406
Ha's per acre 2.500
-----
Acres held 7426.015
-------------------------------------------------------------------------
Mineral Tenures Held by Golden Arch Resources Ltd.
--------------------------------------------------
Both the Abbott and Wagner zones (lead-zinc-silver) are found in the Badshot limestone formation in the mineralized belt known as the Kootenay Arc. The showings were originally discovered in the early 1890's, and have undergone sporadic exploration and development since then by a number of different companies. The deposits are classified as polymetallic (silver-lead- zinc) manto zones and polymetallic veins. A limited shipment of 1,031 tonnes was processed to recover 4,204 kilograms of lead, 32.887 kilograms of zinc and 311.4 oz of silver. In 1986 a resource that was calculated by a Qualified Person was announced for the Wagner vein as follows:
-------------------------------------------------------------------------
Tons Ounces per ton Gold Ounces per ton Silver Combined Lead Zinc
-------------------------------------------------------------------------
82,518 0.01 12.15 12.44%
-------------------------------------------------------------------------
This historic resource is not compliant with National Instrument 43-101, and, therefore, is not to be relied on by investors.
Increases in the price of primary metals mined (silver, lead, zinc) in the vicinity of the Abbott Wagner property have rejuvenated interest in the property. Management is developing possible work plans for this upcoming summer. Due to the elevation of greater than 2,000 meters, work is restricted to approximately five months per year until such time as results warrant a permanent, year round camp and twelve month access.
On behalf of the Board of Directors
"Les Kjosness"
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 a metals and oil and gas 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.
CONTACT: Les Kjosness
Suite 928 - 470 Granville St., Vancouver, B.C., V6C 1V5
Tel: (604) 681-8222, Fax (604) 681-8282
info@goldenarchresources.com
"The TSX Venture Exchange assumes no responsibility for the accuracy of
this Release and neither approves nor disapproves thereof."
SOURCE Golden Arch Resources Ltd.
For further information: Les Kjosness, Suite 928 - 470 Granville St., Vancouver, B.C., V6C 1V5, Tel: (604) 681-8222, Fax (604) 681-8282, info@goldenarchresources.com