Post by sandi66 on Nov 7, 2007 23:19:32 GMT -5
Golden Arch Arranges Acquisition of Mineral Tenures in Slocan Mining District, BC
November 7 2007, Vancouver, BC – (TSX.V: GAI) Les Kjosness, President is pleased to announce the acquisition of mineral tenures 540302 and 540308 which are located in close proximity to the Company’s Abbott Wagner, silver/lead/zinc property in the Slocan Mining District of British Columbia. The Company has paid the owner CDN $1,500 and issued 50,000 common shares for the acquisition, subject to regulatory approval.
Golden Arch is a diversified mineral exploration company with gold/silver/copper/zinc and lead interests in both Canada and the United States.
Progress is being made on the Company’s Wakefield Lakes Lake zinc prospect located approximately 300 kms northeast of La Ronge, Saskatchewan. The Forest Product Permit has been received from the Saskatchewan Environment and Resource Management offices which 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 Wollaston Lake. The drilling permit is expected shortly.
Wakefield Lakes will be explored using flow-through funding which closed by way of private placements announced in June and October. Approximately 22 kms of road to access drill pad locations on the property will be constructed to allow for up 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.
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 (82.5% net interest) in an oil gas prospect in Clay County, Texas, known as the Antelope North Prospect.
On behalf of the Board,
“Les Kjosness”
President & Director
The Company’s exploration program is under the supervision of R.D. Somerville, P. Eng., and a Qualified Person under National Instrument 43-101. Mr. Somerville is Vice President and COO of Golden Arch Resources Ltd.
November 7 2007, Vancouver, BC – (TSX.V: GAI) Les Kjosness, President is pleased to announce the acquisition of mineral tenures 540302 and 540308 which are located in close proximity to the Company’s Abbott Wagner, silver/lead/zinc property in the Slocan Mining District of British Columbia. The Company has paid the owner CDN $1,500 and issued 50,000 common shares for the acquisition, subject to regulatory approval.
Golden Arch is a diversified mineral exploration company with gold/silver/copper/zinc and lead interests in both Canada and the United States.
Progress is being made on the Company’s Wakefield Lakes Lake zinc prospect located approximately 300 kms northeast of La Ronge, Saskatchewan. The Forest Product Permit has been received from the Saskatchewan Environment and Resource Management offices which 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 Wollaston Lake. The drilling permit is expected shortly.
Wakefield Lakes will be explored using flow-through funding which closed by way of private placements announced in June and October. Approximately 22 kms of road to access drill pad locations on the property will be constructed to allow for up 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.
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 (82.5% net interest) in an oil gas prospect in Clay County, Texas, known as the Antelope North Prospect.
On behalf of the Board,
“Les Kjosness”
President & Director
The Company’s exploration program is under the supervision of R.D. Somerville, P. Eng., and a Qualified Person under National Instrument 43-101. Mr. Somerville is Vice President and COO of Golden Arch Resources Ltd.