Golden Touch Resources Hits More High Grade Gold Intersections:
September 20 2011 - 10:05AM
Marketwired
Editors note: There is one video associated with this press
release.
Golden Touch Resources Corp. ("Golden Touch" or the "Company")
(TSX VENTURE: GOT)(FRANKFURT: 0GT) is pleased to announce further
assays from its initial drilling program on its Rubik Gold Project
in Albania.
The assays included herein are from Holes 13 to 20. The samples
were assayed by ALS Laboratories in Romania. Holes 16, 17 and 19
appear to have intersected the same gold mineralisation envelope
previously encountered in Holes 5, 8, 10, 11 and 12.
Significant Intersections in Holes 16, 17 and 19 are as
follows:
--------------------------------------------------------------------
Hole Drill Hole Interval Thickness Grade
--------------------------------------------------------------------
16 41 to 64 metres 23 metres 0.87 g/t Au
-----------------------------------------------------
Including 43 to 44 metres 1 metres 12.85 g/t Au
--------------------------------------------------------------------
17 85 to 88 metres 3 metres 14.6 g/t Au
-----------------------------------------------------
Including 86 to 87 metres 1 metres 39.4 g/t Au
--------------------------------------------------------------------
19 59 to 69 metres 10 metres 2.65 g/t Au
-----------------------------------------------------
Including 59 to 62 metres 3 metres 6.64 g/t Au
--------------------------------------------------------------------
These holes have now evaluated the main gold mineralized
envelope, over about 200 metres of strike and the gold
intersections in the 8 holes that have intersected the main
envelope over an interval averaging 23 metres at 1.8 g/t Au. The
envelope is open both along strike and at depth. The results of
another 8 holes drilled within the first phase program are awaited
and many of these holes test the area along strike to the west and
north-west.
The area tested to date covers a strike length over 1,000 metres
where previous drilling and recent surface sampling have
encountered gold mineralization.
As the results of the first drilling program are received it is
now becoming increasing clear that the better gold mineralization
is at the top of the gold envelope.
The results at the top of the envelope are as follows:
Hole 5: 9 metres @ 5.1 g/t Au from 63 to 71 metres
Hole 8: 7 metres @ 4.0 g/t Au from 47 to 51 metres
Hole 10: 2 metres @ 8.0 g/t Au from 40 to 42 metres
Hole 11: 6 metres @ 7.0 g/t Au from 24 to 30 metres
(includes 1 metre at 29.8 g/t Au from 28 to 29 metres)
Hole 12: 8 metres @ 2.3 g/t Au from 39 to 47 metres.
Hole 16: 2 metres @ 6.8 g/t Au from 41 to 43 metres
Hole 17: 3 metres @ 14.6 g/t Au from 85 to 88 metres
(includes 1 metre at 39.4 g/t Au from 86-87 metres)
Hole 19: 3 metres @ 6.6 g/t Au from 59 to 62 metres
Average intersection at the top of the envelope: 5 metres @ 5.7 g/t Au.
In addition, a second gold zone has been encountered near the
base of the envelope in holes 5, 8.10 and 11. Over those 5 holes,
the gold zone averaged 6.0 metres @ 2.2 g/t Au.
Whilst the first phase of drilling is evaluating an area where
previous drilling and surface sampling located significant grades
of gold mineralization, like most areas where gold occurs, the
geometry and structure of the mineralization is complex. Hence, not
all the holes drilled in this program will encounter the main gold
mineralization envelope.
For example, holes 13, 14, 15 and 20 seemed to have intersected
narrower and/or low grade gold mineralization, which we do not know
at this time whether it is part of the main gold mineralization
envelope or secondary deposits, in parallel or cross cutting
structural dilations.
The best results obtained in holes 13, 14, 15 and 20 were as
follows:
-------------------------------------------------------------
Hole Drill hole Interval Thickness Grade
-------------------------------------------------------------
14 117 to 118 metres 1 metre 8.15 g/t Au
-------------------------------------------------------------
13 72 to 73 metres 1 metre 1.12 g/t Au
-------------------------------------------------------------
18 72 to 75 metres 3 metres 0.12 g/t Au
-------------------------------------------------------------
20 88 to 90 metres 2 metres 1.61 g/t Au
-------------------------------------------------------------
The President of Golden Touch, Mr. Rob Murdoch, stated that,
"The new assay results continue to provide superior grade over
width and the Company continues to be excited about the findings to
date. Further samples are currently being prepared for dispatch to
the laboratory (more assays pending) and those results should be
announced within the next month."
Mineralogy tests show that the gold occurs with sulphides that
have invaded the host shear zone late with in its hydrothermal
history and is contained in fine to medium grained variably exposed
grains. Preliminary metallurgical test work show that 94.6% of the
gold mineralization within the samples tested was recoverable to a
rougher cell float concentrate.
Further background information on the gold project can be
obtained from a National Instrument 43-101 ("NI 43-101") compliant
technical report on the Livadheza Gold Project (EC 1124) prepared
by Ian Mathison, Bsc (Hons Geol), MAusIMM, as posted under the
Company's profile on SEDAR at www.sedar.com.
Robert Murdoch, President of Golden Touch, a Fellow of the
Australasian Institute of Mining and Metallurgy and also 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.
Rob Murdoch, Chairman and President
To view the video "Exclusively Albanian - Intimately Precious"
which is associated with this press release, please visit the
following link: http://www.youtube.com/watch?v=U_sEcHFQfgs
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 release.
Contacts: Golden Touch Resources Corp. Rob Murdoch Chairman and
President (604) 248 - 5175 rob@goldentouchresources.com Golden
Touch Resources Corp. Tom Corcoran (604) 248 - 5175
tom@goldentouchresources.com www.goldentouchresources.com
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