GAI: TSX Venture Exemption 12g3 - 2(b)
GARCF: O.T.C SEC File No. 82-659
VANCOUVER, June 18 /CNW/ - Les Kjosness, President, reports the Company
along with its joint venture participant, has applied for a permit for its
2007 plan of operations for a diamond drilling program on the Wakefield Lakes
zinc project to:
a) verify the previous results attained by Noranda and Falconbridge;
b) extend the known George Lake deposit, which is open in all
c) to explore at least two other undeveloped deposits on the same trend
which were indicated by previous drilling.
Wakefield Lakes is located approximately 300 kms northeast of La Ronge,
Saskatchewan, 15 kms east of an all purpose gravel road, maintained to access
other year round operations.
Golden Arch has obtained an option to acquire an 80% interest in the
Wakefield Lakes property, which contains the George Lake Zinc Zone. The
property consists of six claims, covering 3,669 hectares, and straddles a
steeply dipping zinc and lead mineralized bedded quartzite zone (the Wakefield
Zone) that hosts several concordant zinc deposits. One of these deposits, the
George Lake deposit, has a historically published resource of 2.9 million tons
at 3.67% zinc and 0.53% lead, using a 2% zinc cut-off. (An independent
verification of these reported Mineral Reserves has not yet been completed,
and they are reported here solely as historical Mineral Reserve Estimates).
Previous drilling by Falconbridge indicates the possibility of a
core-zone of mineralization grading greater than 5% zinc, which appears to be
plunging to the east and open to the east and down dip. The Wakefield Zone has
a strike length approximately 8 km long and is generally unexplored.
Application has been made for a permit to allow a program, which consists
of creating or upgrading approximately 22 kms of road to access 21 different
areas to create drill pad locations. A permit has been requested to allow from
one to five drill holes on each drill site. The first phase of this program
will consist of approximately 4000 feet of NQ diamond drilling in seven drill
holes as per the qualifying report recommendations. The funding for this
program has been provided from flow-through funds raised in a recent private
On behalf of the Board of Directors
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 assets are the Mildred
Peak copper/gold/silver property located in Arizona; the newly acquired
Wakefield Lakes zinc project in Saskatchewan and the Abbott/Wagner
silver/lead/zinc property in British Columbia.
"The TSX Venture Exchange assumes no responsibility for the accuracy of
this Release and neither approves nor disapproves thereof."
For further information:
For further information: Les Kjosness: (604) 681-8222 T, 1-866-689-8222
Toll Free, email@example.com; Kirsti Mattson: (604) 202-2484 T,