VANCOUVER, June 4 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report that the potential of the G deposit has been
expanded. As reported (May 7, 2009) high priority drill targets were
identified in the G deposit. As well, two new structures have been identified
which flank the G deposit to the southwest and northeast.
The new structures were identified by a CSAMT survey run over the G
deposit (2 lines approximately 350 meters apart). Both structures are
associated with the same strong conductive zones which extend to + 500 meters
depth (CSAMT) on the G and T-11 deposit. The new structures have minimum
lengths of 500 meters and have never been drilled. Both structures are high
priority drill targets. The structural zone which hosts the G deposit and the
two newly identified structures has a minimum width of 460 meters.
Gold mineralization has been intersected in the G deposit over a distance
of approximately 700 meters (31 drill holes app. 4000 meters). The G deposit
and its flanking structures are long, wide and deep (minimum 700 meters X 460
meters X 500 meters). All structures remain open along strike and at depth.
The Company believes a significant gold resource will be delineated at
the G deposit and there is potential to discover additional gold deposits in
this immediate area.
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so
involve inherent risks and uncertainties, as disclosed under the heading "Risk
Factors" in the company's periodic filings with Canadian securities
regulators. Actual results could differ from those currently projected. The
Company does not assume the obligation to update any forward-looking
For further information:
For further information: Media Information, contact: Scott Emerson,
Chairman and Director, SE@goldenpeaks.com; Investor Information, contact: Mike
Kordysz, Investor Communications, MK@goldenpeaks.com