Golden Peaks Resources Ltd. - La Fortuna Gold Project Update & Start of
Drilling
The La Fortuna gold project (approximately 8,000 hectares) is located in the Province of Chubut,
Since
The Company has now concluded an amending agreement which establishes dates for further option payments and title to the property. The agreed upon revised option payment schedule will be US
The previously announced drill program will start immediately. This drill program is designed to test for high grade gold-bearing quartz vein systems/breccias underlying or flanking the T-11 and G deposits, and to expand these deposits. It is anticipated that the results of the upcoming diamond drill program will be incorporated into the NI 43-101 compliant resource estimate currently contracted to Snowden Mining Industry Consultants of
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 statement.
For further information: Media Information, contact: Scott Emerson, Chairman and Director, [email protected]; Investor Information, contact: Mike Kordysz, Investor Communications, [email protected]
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