Owner
Post by Franko10 ™ on Apr 26, 2006 8:38:35 GMT -5
Golden Arch nets $50,000 working capital - Warrants exercised at $0.25
09:30 EDT Wednesday, April 26, 2006
VANCOUVER, April 26 /CNW/ - (TSX.V:GAI) The Board is pleased to announce a strong vote of confidence from shareholders holding warrants exercisable at $0.25 on or before February 7, 2007. The 200,000 warrants exercised represent $50,000 in unrestricted working capital.
The Company has commenced Phase II drilling at its 100% owned Mildred Peak, Arizona gold/silver/copper property, which is designed to explore extensions to the mineralized zones that have been developed from our two previous programs. This current program is focused on the Amado Zone, which has yielded positive results as reported in our March 22, 2006 news release. That news release included the following comment; "...A weighted average of all six holes drilled to date on this vein (also including the average of the surface trench sampling) is 3.70 gm/mt Au (0.108 opt Au) and 23.38 gm/mt Ag (0.682 opt)."
President Les Kjosness is also pleased to announce that as part of the communications/investor relations program, Golden Arch is launching a new website concurrent with this release.
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. In addition, the Company holds a 100% interest in the Abbott Wagner silver property in the Slocan Valley, British Columbia.
"The TSX Venture Exchange assumes no responsibility for the accuracy
of this Release and neither approves nor disapproves thereof."
For further information: Les Kjosness: (604) 219-4050; Kirsti Mattson: (604) 202-2484
09:30 EDT Wednesday, April 26, 2006
VANCOUVER, April 26 /CNW/ - (TSX.V:GAI) The Board is pleased to announce a strong vote of confidence from shareholders holding warrants exercisable at $0.25 on or before February 7, 2007. The 200,000 warrants exercised represent $50,000 in unrestricted working capital.
The Company has commenced Phase II drilling at its 100% owned Mildred Peak, Arizona gold/silver/copper property, which is designed to explore extensions to the mineralized zones that have been developed from our two previous programs. This current program is focused on the Amado Zone, which has yielded positive results as reported in our March 22, 2006 news release. That news release included the following comment; "...A weighted average of all six holes drilled to date on this vein (also including the average of the surface trench sampling) is 3.70 gm/mt Au (0.108 opt Au) and 23.38 gm/mt Ag (0.682 opt)."
President Les Kjosness is also pleased to announce that as part of the communications/investor relations program, Golden Arch is launching a new website concurrent with this release.
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. In addition, the Company holds a 100% interest in the Abbott Wagner silver property in the Slocan Valley, British Columbia.
"The TSX Venture Exchange assumes no responsibility for the accuracy
of this Release and neither approves nor disapproves thereof."
For further information: Les Kjosness: (604) 219-4050; Kirsti Mattson: (604) 202-2484
