Golden Peaks Resources HUB - AGORACOM
Drilling about to restart at La Fortuna, 1st resource calc being worked on
Message: November 14th, 2007 - multiple check assays released
November 14, 2007, – Vancouver – Golden Peaks Resources Ltd. (TSX: GL) (the “Company”) is pleased to report the result of check assaying recently completed on diamond drill core samples from the La Fortuna project, Chubut province, Argentina. Reject fractions of 401 core samples from 40 holes drilled on the T-11, Amphitheatre and G zones were check assayed. The suite of samples comprised high, medium and low grade gold samples. The 40 holes were drilled over a period of approximately 10 months and all 401 samples were initially assayed for gold by Alex Stewart (Assayers) Argentina S.A. The rejects were recently sent to ALS Chemex for check assaying using the same assaying protocol employed by Alex Stewart (Assayers) Argentina S.A. The results are presented on the company’s web- site:
http://www.goldenpeaks.com/i/pdf/Check_Assay.pdf
Media Information, contact: Investor Information, contact:
Scott Emerson, Chairman and Director Mike Kordysz, Investor Communications
SE@goldenpeaks.com MK@goldenpeaks.com
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
http://www.goldenpeaks.com/i/pdf/Check_Assay.pdf
The Company is pleased with the results. Overall there is good correspondence between the original and check assays which confirms the Company’s assaying protocol is appropriate for the gold mineralization being assayed despite the fact the mineralization is from different zones. Such variation as is observed may be attributable to the nugget effect. 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.
Media Information, contact: Investor Information, contact:
Scott Emerson, Chairman and Director Mike Kordysz, Investor Communications
SE@goldenpeaks.com MK@goldenpeaks.com
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
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