TSX-V Symbol: GOT
VANCOUVER, April 27 /CNW/ - Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX-V Symbol: GOT; Frankfurt: 0GT)
is pleased to announce the expansion of its current drill program at
the Company's Rubik gold project in Albania.
The Rubik gold project covers 68 km2 and is situated about 100 kilometers north of the Albanian capital,
In March Golden Touch commenced a 2,000 meter verification diamond
drilling program in the Gjazuj Area, located towards the northern end
of the project area. At Gjazuj previous drilling and recent surface
trenching has defined significant gold grades over a strike distance of
To date six holes have been completed for approximately 600 meters.
Several new trenches have also been sampled along the breccia zone.
The company's geologists are encouraged by the geology encountered and
an initial batch of samples has been shipped to ALS Laboratory in
Romania for analysis. ALS is an ISO Certified Facility.
Mr. Aly B. Mawji, President of Golden Touch stated: "We are very pleased
with the progress to date on the current drill program and as a result
the company now plans to expand the 2011 drill program to around 4,000
meters. We will continue to drill test new targets and define the
Golden Touch's principal assets are the three 100-per-cent-owned
Albanian Exploration Projects, totalling approximately 140 sq. km,
located in Northern Albania. The Company's subsidiary has already
spent in excess of US$5 million on exploration within the permit areas,
which has resulted in the outlining of significant gold, platinum group
elements (PGE) and chromite mineralization.
Golden Touch has filed an updated National Instrument 43-101 ("NI
43-101") compliant technical report dated effective February 18, 2011
and revised effective March 13, 2011 (the "1124 Report") on the
Livadheza Gold Project (EC 1124) prepared by Ian Mathinson, Bsc (Hons
Geol), MAusIMM, with the TSX-V which is posted under the Company's
profile on SEDAR at www.sedar.com. Golden Touch is presently completing NI 43-101 compliant reports on
the three other ECs and expects to file the reports on SEDAR when
The following is a summary of information contained in the NI 43-101 -
Exploration for gold has located near surface gold mineralization within
a major regional structural breccia zone that can be defined over a
strike length of 20 km. Along this strike interval geochemical surface
soil sampling has defined a number of gold in soil anomalies over
approximately ten kilometers of the strike. One anomaly (Gjazuj)
coincides with an area previously drill tested in the 1980's for
"sulphide bearing silica"(silica). The silica was used as a flux
material for a copper smelter. The other nine kilometers remains
The sulphide bearing silica (silica) occurs as pods within the breccias
which dips northwards at around 30 degrees. The silica located in each
hole was selectively sampled and assayed for a range of elements, of
which only gold was found to be present in significant quantities.
The results of 157 diamond holes, ranging in diameter 74-146 mm, have
been verified and compiled into a data base of historical information.
Most of the holes were drilled on a 40 m x 40 m grid (some areas 20m x
20m) over a length of 700 meters along the strike of the breccia, with
scattered holes out to a length of 1,300 meters.
From these holes 246 separate assays (average down hole interval one
meter), have been compiled by Jab Albania into a data base and
evaluated. The best gold bearing down hole intervals being: Hole
Intercept downhole (M)
Intercept thickness (m)
Grade ( g/t Au)
26.5 - 34.5
41.5 - 43.5
The gold mineralization is open in both directions along strike, as well
as to depth. The prospective breccia zone dips at about 30 degrees to
the north beneath a thin layer of colluvium.
High grade gold mineralization occurs in at least four areas, each of
which could reflect a mineralized pipe, originally fed from depth, that
have been developed within major structural dilation zones within the
Recent surface sampling has indicated that gold occurs not only in the
silica pods but elsewhere in the breccias. The geological logs suggest
that this breccia may average 10 meters in width.
Jab Albania has completed a trench over the previously only known
outcrop on the property, which has defined mineralization in excess of
6 meters in width with an average gold grade of 6.3 g/t Au.
More recently, a new outcrop was discovered during drill rig access
cutting where silica is limited to narrow veinlets and the alteration
is mainly "chloride" alteration a channel sample was completed and
defined mineralization in excess of 9 meters with an average gold grade
of 3.3 g/t Au.
Golden Touch is of the view that the evaluation of the prospective
breccia zone within any drill hole is incomplete and hence there is
potential for the current drilling program and the planned extension to
the program, to locate additional gold mineralization even within the
Robert Murdoch, Chairman of Golden Touch and a qualified person under
the meaning of Canadian National Instrument 43-101, is responsible for
the technical content of this news release.
On Behalf of the Board of Directors
Golden Touch Resources Corp.
"Aly B. Mawji", President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
SOURCE Golden Touch Resources Corp.
For further information:
For information with respect to the Company or the contents of this news release, please contact Aly B. Mawji at 604-306-5415.