GAI: TSX Venture Exemption 12g3 - 2(b)
GARCF: O.T.C SEC File No. 82-659
VANCOUVER, Oct. 26 /CNW/ - (TSX.V: GAI) Les Kjosness, President & CEO is
pleased to announce that the Company has received its Forest Product Permit
from the Saskatchewan Environment and Resource Management offices regarding
the Company's Wakefield Lake zinc prospect located approximately 300 kms
northeast of La Ronge. The permit allows for the construction of helicopter
landing pads and campsites required for the drill program slated to begin
before year end. The Company has engaged diamond driller KMS Energy Systems
Inc. to commence fieldwork and preparation for drilling. The planned access
road to the property will coincide with the proposed new Provincial Road 995
to be built to a First Nations village located on the southeast side of
Wakefield Lakes will be explored using flow-through funding which closed
by way of a private placement announced in June. Approximately 22 kms of road
to access drill pad locations on the property will be constructed to allow
from one to five drill holes from each of seven sites. Plans for the first
phase of drilling call for 1,220 metres of NQ diamond drilling as recommended
in the recent N.I. 43-101 report.
Golden Arch is a diversified mineral exploration company with gold,
silver, copper, zinc and lead interests in both Canada and the United States.
In Arizona, the exploration plan at Mildred Peak includes improvements to the
access roads and drilling on several identified zones to upgrade the property
data to comply with N.I. 43-101. The copper/silver zones and the old gold mine
working areas are the priority targets.
The Company also has a 100% working interest (87.5% net interest) in an
oil gas prospect in Clay County, Texas, known as the Antelope North Prospect.
On behalf of the Board,
President & 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, President & Director, email: