Golden Touch Commences Geophysical Program at Rubik Gold Project
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/28/11 -- Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX VENTURE: GOT)(FRANKFURT: 0GT) is pleased to announce that a ground geophysical program has commenced on its Rubik Gold Project in Albania.
The program includes: Induced polarisation (IP) chargeability, resistivity and ground magnetic surveys and is supplemented by a program of geological mapping and surface sampling along the geophysics grid lines.
The program will cover a prospective greenstone belt, trending eastwards from the Gjazuj Prospect, for a distance of up to seven kilometres.
The area being investigated includes six separate anomalous "gold in soils" or "gold in stream sediments" areas. Golden Touch is of the view that the anomalous areas could represent the outcrops of further, steeply-dipping, gold bearing shear zones of the type located by drilling at Gjazuj.
The drilling at Gjazuj has outlined at least nine, separate, steeply-dipping, mineralized shear zones, striking NW - SE. The Gjazuj shear zones coincide with one of the anomalous areas and the geophysics program will investigate five more anomalies, with the view of assisting the targeting of a second round of drilling. Based on the core logging at Gjazuj, Golden Touch expects that the magnetics and resistivity will assist in mapping the geology and tectonics (structure) of the area and it is anticipated that the chargeability will outline areas of sulphide mineralization. The core logging and mineralogy work has indicated that the gold mineralization is closely associated with sulphides introduced during the later stages of the tectonic, alteration and mineralisation history of the area.
The geophysical traversing is to be undertaken along one kilometre long lines at a spacing of 200 metres. Implementation of grid and line clearing by a topographical contractor ahead of the geophysics program, is already underway.
The Company geologists have already commenced a program of geological mapping along each grid line and they are channel sampling any mineralized exposures that are identified.
The geophysical program is being undertaken by CFT Engineering Geophysical & Geological Services, from Turkey. The crew is on site and has started work.
Ken Chapple, President of Golden Touch, stated that, "I look forward to the geophysical surveying rapidly delineating gold targets and fast tracking evaluation of the highly prospective greenstone belt to the east of the Gjazuj Prospect. The anomalies being tested are similar in nature to the Gjazuj anomaly where drilling has intersected at least nine separate gold mineralized shear zones".
Robert Murdoch, Chairman of Golden Touch Resources, a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geo-scientists 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.
Rob Murdoch, Chairman
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contacts:
For information with respect to the Company or the contents
of this news release, please contact:
Golden Touch Resources Corp.
Rob Murdoch
(604) 248-5175
Golden Touch Resources Corp.
Tom Corcoran
Corporate Development
(604) 248-5175
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Datum: 28.11.2011 - 14:30 Uhr
Sprache: Deutsch
News-ID 91471
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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