Golden Arch Resources Ltd. - Drill Hole Intersects Gold Vein at Arizona Property
Posted on: Thursday, 19 January 2006, 15:00 CST
VANCOUVER, Jan. 19 /PRNewswire-FirstCall/ -- Golden Arch Resources Ltd. is pleased to announce the results from diamond drill hole No. MP05-06, drilled in the Amado Area on the 100% owned Mildred Peak gold/silver/copper property in Pima County, Arizona.
This hole was a vertical hole drilled approximately 50 meters east of the Rachel Vein (Trench 20), targeting the down-dip extension of the Rachel Vein. The surface sampling in this trench, on very silicified meta-conglomerate and quartz stringers returned an assay of 5.25 gm/mt (0.153 opt) gold over a trench width of 16 meters (52.5 ft.) (apparent true thickness of 6 meters (16.8 ft.))
The drill hole (MP05-06) intersected a 4.15 meter (13.6 ft.) iron stained, sericitized quartz vein in the middle of a 15.4 meter (43.2 ft.) wide zone of intensely altered, silicified meta-conglomerate. The quartz vein (apparent true thickness of 3 meters (10 ft.)) averaged 4.01 gm/mt gold (0.117opt) and 19.9 gm/mt silver (0.58 opt). (See the attached cross-section)
After breaking for the holidays, the drill crew is currently moving the drill back into the Amado/Rachel area to continue to drill additional holes to explore and sample the Rachel Vein. Drilling is expected to begin within a week.
On behalf of the 'Board of Directors' Les Kjosness, President
The drilling program on the Mildred Peak Property is under the direct supervision of R.D. Somerville, P.Eng., a Qualified Person under National Instrument 43-101. The data released herein has been reviewed and approved by Mr. Somerville.
"The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof." ------------------------------------------------------------------------- Suite 928 - 470 Granville St., Vancouver, B.C. V6C 1V5 Tel: (604) 681-8222: Fax (604) 681-8282 info@goldenarchresources.com
Golden Arch Resources Ltd.
CONTACT: Kirsti Mattson, Corporate Communications, (604) 202-2484,kusickmattson@yahoo.ca, Suite 928 - 470 Granville St., Vancouver, B.C.,V6C 1V5, Tel: (604) 681-8222, Fax (604) 681-8282,info@goldenarchresources.com
Source: PRNewswire-FirstCall
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