Owner
Post by Franko10 ™ on Apr 12, 2006 9:28:15 GMT -5
Golden Arch Resources commences Phase II drill program at Mildred Peak gold/silver/copper property, AZ
10:18 EDT Wednesday, April 12, 2006
GAI: TSX Venture Exemption 12g3 - 2(b) GARCF: O.T.C SEC File No. 82-659
VANCOUVER, April 12 /CNW/ - Les Kjosness, President of Golden Arch Resources Ltd. (TSX.V:GAI) announces the commencement of the 2006 Phase 2 diamond drill program at its Mildred Peak Property in Pima County, Arizona.
The current program will begin by testing the down dip extension of the Rachel Gold Vein where earlier drilling (News Release dated March 22, 2006), has identified a gold/silver zone in six holes and by surface trenching. The widest intercept to date in hole No. MP06-10 intersected a 6.8 meter (26 foot) section grading 2.94 gm Au /mt, and 32.25 gm Ag /mt (0.086 opt Au and 0.94 0pt Ag). This section included a 1.83 meter (6.0 foot) length which graded 6.48 gm Au /mt, and 69.93 gm Ag /mt (0.189 opt Au and 2.04 opt Ag ).
In the same area, a second target will be the down dip extension of the Michelle Gold Vein where surface trench sampling indicated a mineralized zone approximately 90 meters (295 feet) long by 8.25 meters (27 feet) wide with a weighted average grade of 11.5 gm Au/mt (0.34 opt) gold.
Approximately one kilometer north, the third target will be an initial shallow drill-test on the Bonnie Zone where three backhoe trenches have indicated at least two vein structures with an approximately 300 meter (984 foot) strike length with a trench sample as high as 4.43% copper, 6.6 gm (0.19 opt) Au (gold) and 237 gm (6.9 opt) silver.
The first hole being drilled on the Rachel has been collared (located). Results of the current program will be released as they are received .
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, oil, and gas and 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 TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof."
10:18 EDT Wednesday, April 12, 2006
GAI: TSX Venture Exemption 12g3 - 2(b) GARCF: O.T.C SEC File No. 82-659
VANCOUVER, April 12 /CNW/ - Les Kjosness, President of Golden Arch Resources Ltd. (TSX.V:GAI) announces the commencement of the 2006 Phase 2 diamond drill program at its Mildred Peak Property in Pima County, Arizona.
The current program will begin by testing the down dip extension of the Rachel Gold Vein where earlier drilling (News Release dated March 22, 2006), has identified a gold/silver zone in six holes and by surface trenching. The widest intercept to date in hole No. MP06-10 intersected a 6.8 meter (26 foot) section grading 2.94 gm Au /mt, and 32.25 gm Ag /mt (0.086 opt Au and 0.94 0pt Ag). This section included a 1.83 meter (6.0 foot) length which graded 6.48 gm Au /mt, and 69.93 gm Ag /mt (0.189 opt Au and 2.04 opt Ag ).
In the same area, a second target will be the down dip extension of the Michelle Gold Vein where surface trench sampling indicated a mineralized zone approximately 90 meters (295 feet) long by 8.25 meters (27 feet) wide with a weighted average grade of 11.5 gm Au/mt (0.34 opt) gold.
Approximately one kilometer north, the third target will be an initial shallow drill-test on the Bonnie Zone where three backhoe trenches have indicated at least two vein structures with an approximately 300 meter (984 foot) strike length with a trench sample as high as 4.43% copper, 6.6 gm (0.19 opt) Au (gold) and 237 gm (6.9 opt) silver.
The first hole being drilled on the Rachel has been collared (located). Results of the current program will be released as they are received .
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, oil, and gas and 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 TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof."
