Golden Touch Resources Corp.: Nine New Gold Bearing Outcrops With Grades to 4.07 Grams/Tonne Found Within the Rubik Gold Proj...

Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX
VENTURE:GOT)(FRANKFURT:0GT) is pleased to announce that nine new outcrops of
anomalous gold mineralisation with grades up to 4.07 grams/tonne gold (g/t Au)
have been located through a program of geological mapping recently undertaken
along geophysical grid lines within the Rubik Gold Project area (PEL 1124). In
total, 94 individual one meter long channel samples were collected from 18
separate locations. 23 of the samples collected (or 25%) were found to contain
anomalous levels of gold between 0.05 and 4.07 g/t. The 23 anomalous samples
have delineated nine individual shear zone outcrops that were not previously
known.


No indication of true thickness was obtained from the surface outcrops. Samples
were assayed in the Australian Laboratory Services in Romania using a 30 gram
fire assay with AAS finish (Lab method Au-AA25).


Details of the new zones are as follows;



1.  Six of the new gold bearing shear zones occur to the west of the Gjajuz 
    Propect drilled area and include:                                       
                                                                            
    3 meters @ 1.54 g/t Au (including 1 meter @ 4.07 g/t Au)                
    5 meters @ 0.34 g/t Au                                                  
    2 meters @ 0.30 g/t Au                                                  
    3 meters @ 0.25 g/t Au                                                  
    1 meter @ 0.28 g/t Au                                                   
    1 meter @ 0.24 g/t Au.                                                  
                                                                            
2.  One new gold bearing shear zone occurs within the Gjazuj Prospect area; 
    3 meters @ 0.28 g/t Au.                                                 
                                                                            
3.  One new gold bearing shear zone occurs 3.5 km to the east of the Gjazuj 
    Prospect area;                                                          
    2 meters @ 0.18 g/t Au.                                                 
4.  One new gold bearing zones occurs 300 meters to the north of the Gjazuj 
    Prospect area;                                                          
    1 meter @ 0.42 g/t Au.                                                  



The new outcrops are additional to other gold bearing outcrops located in the
Gjazuj Area and previously reported by Golden Touch, including 6 meters @ 6.3
g/t Au; 9 meters @ 3.3 g/t Au, 9 meters @ 4.6 g/t Au, 2 meters @ 1.1 g/t Au, 1
meter @ 1.1 g/t Au, 4 meters @ 0.12 g/t Au, 1 meter @ 0.4 g/t Au, 2m @ 0.16 g/t
au, 1m @ 0.51 g/t Au, 1 meter @ 0.12 g/t Au, 1 meter @ 0.85 g/t Au and 1m @ 0.32
g/t Au.


The location of nine new anomalous outcrops is considered encouraging as it
indicates it is likely that that there are further gold anomalous shears that
will occur particularly to the east of the area drilled at the Gjazuj Prospect.
It is also considered significant in view of the fact that outcrop in the area
is commonly covered with masking scree cover and the fact that the geological
traversing was only undertaken along 200 metre spaced grid lines.


Drilling by the Company over the Gjazuj Prospect in 2011 located nine steeply
dipping, gold bearing, greenstone hosted, shear zones (averaging 4.0 metres at
2.7 g/t gold) over an area of only 400 meters x 200 meters. The newly located
gold bearing shears extend the prospective area at the Gjazuj Propsect a further
400 meters to the west. In support of this, the recent geophysical survey also
identified significant anomalous zones in this area.


One of the new gold anomalous outcrops occurs 3.5 kilometres east of the Gjazuj
Prospect. This outcrop occurs within a second gold stream sediment geochemical
anomaly that was incuded in the coverage of the geophysical survey. The
geophysical data identified high priority drill targets within this area.


A selection of the new gold bearing shear zones located through the geological
mapping program along with targets generated by the geophysical program will be
drill tested during a second phase drilling program to be undertaken within PEL
1124 this year.


The Company also announces the resignation of Tom Corcoran from the Board of
Directors and as Corporate Development Manager. The Company would like to thank
Mr. Corcoran during his tenure on the Board and wish him success in his future
endevours.


Ken Chapple, President of Golden Touch, a Fellow of the Australian Institute of
Geoscientists and hence a qualified person under the meaning of Canadian
National Instrument 43-101, is responsible for the technical content of this
news release.


On Behalf of the Board of Directors,

Golden Touch Resources Corp.

Ken Chapple, President & CEO

Goliath Resources (TSXV:GOT)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024