VANCOUVER, June 24 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report that new drill targets are now identified on
the HS zone. The HS zone lies approximately 1,400 meters southeast of the T-11
deposit on the A structure and along strike.
Previous exploration on the HS zone has indicated a continuous
mineralized structure. The new targets are located beneath a strong soil
geochemistry anomaly; gold (0.33-0.36 g/t) and supported with copper (60-72
ppm) and arsenic (30-36 ppm). This is similar mineralization that is located
at the T-11 deposit.
The new drill targets were identified by a CSAMT survey run over the HS
zone (1 line approximately 450 meters) and are associated with strong
conductive zones which extend to a depth of + 240 meters.
The HS zone is similar in mineralization to the other deposits identified
along the A structure (T-11, G Zone and Amphitheatre) and the Company believes
a significant gold resource will be delineated at the HS zone. In addition,
there is the potential to discover additional gold deposits in this immediate
area. This new target will be drilled in the proposed exploration program.
This press release has been reviewed and approved by Dr. Kieran Downes,
P.Geo., President of Golden Peaks Resources Ltd. and a Qualified Person as
defined by National Instrument 43-101, under whose direction the exploration
programs are being carried out.
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