Showing posts with label GBP. Show all posts
Showing posts with label GBP. Show all posts

Golden Peaks Resources Ltd. schneidet 15,5 m mit 3,1 g/t Gold

20.07.2011 | 9:03 Uhr | Rohstoff-Welt.de
 

Golden Peaks Resources Limited gab gestern den Erhalt von Probenergebnissen des ersten Bohrprogramms bei dem Tanoyan-Projekt in Sulawesi, Indonesien, bekannt. Das Unternehmen erhielt die Ergebnisse der ersten sieben Bohrlöcher. Sechs dieser Bohrlöcher schnitten mineralisierte Strukturen des Sondana-Adersystems. Zu den besten Abschnitten gehören:

• Bohrloch TND 049: 19,8 m mit 1,6 g/t Au ab 10,9 m

• Bohrloch TND 050: 15,5 m mit 3,1 g/t Au ab 55,6 m

 

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Tanoyan Gold Project Drilling Update, Indonesia

Re:        News Release - Tuesday, June 21, 2011
Title:     Tanoyan Gold Project Drilling Update, Indonesia


  • Two company owned drill rigs operating
  • Previous results include 10m @ 8.8g/t Au, 7m @ 5.3 g/t Au and 20m @ 3.1 g/t Au
  • Initial drill holes to test high-grade shoots in Sondana Vein
  • Veins have strike-lengths up to 2.3 Km

Golden Peaks Resources Limited (the Company) (TSX:GL) is pleased to update drilling on the Tanoyan Gold Project on Sulawesi Island, Indonesia. The company has completed 1877 meters (15 drill holes) of the initial 5000 meter drill program.

The first holes tested for extensions of high-grade mineralisation intersected previously within the Sondana Vein in hole TND002 (Figure 1)( http://www.goldenpeaks.com/i/maps/image003.jpg) which intersected four zones of mineralisation, including 10m @ 8.81 g/t Au from 31m and 20m @ 3.1 g/t Au from 138m

Currently there are 2 drill rigs operating around the clock on the project, the second drill rig was moved from Palopo to Tanoyan in early May to accelerate the drilling. This is allowing work crews on the Palopo gold project to map the possible extension of Mangkaluku vein system prior to the proposed drill program.

They are now a total of 62 employees, including 50 locals associated with the exploration/drilling program at Tanoyan.

This press release has been reviewed and approved by Mr. John Levings, B.Sc., MAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.

Media Information, contact:
Scott Emerson, Chairman and Director
SE@goldenpeaks.com

Investor Information, contact:
Mike Kordysz, Investor Communications
MK@goldenpeaks.com

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.





Copyright © 2011 GOLDEN PEAKS RESOURCES LTD. (TSX-V:GL) All rights reserved. For more information visit our website at http://www.goldenpeaks.com/ or send email to info@goldenpeaks.com .

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Sehr gute News für Golden Peaks

Sehr gute News für Golden Peaks

Golden Peaks / TSX: GL / WKN: 905815
Aufmerksame Beobachter haben die gestrige Nachricht aus den USA vielleicht gelesen: Der US-Bundesstaat Utah hat ein Gesetz verabschiedet, das die Einführung von Gold und Silber als offizielles Zahlungsmittel vorsieht. Die Kaufkraft von Münzen wird dabei nicht nach ihrem Nennwert berechnet, sondern nach dem tatsächlichen Materialwert. In dem Gesetz verbirgt sich auch ein attraktiver Sparplan: Steigt der Marktwert gehorteter Goldmünzen, sind Gewinne von der Kapitalertragsteuer ausgenommen. "Es ist eine Vorsichtsmaßnahme, die uns erlaubt, unsere Wirtschaft aufrechtzuerhalten, während der Wert des Dollar weiter sinkt", so der republikanische Abgeordnete Brad Galvez, der das Gesetz im Repräsentantenhaus von Utah eingebracht hatte.

Brad Galvez, republikanischer Abgeordneter, will Gold und Silber als offizielles Zahlungsmittel in den USA einführen



Die Parlamentarier in Utah sind nicht allein mit ihrer Sorge, von der Verschwendungssucht in Washington ruiniert zu werden. 13 andere US-Bundesstaaten erwägen ähnliche Gesetze. In South Carolina forderte der Abgeordnete Mike Pitts sogar, dass der Dollar als Währung komplett abgeschafft werden solle. "Wenn die Bundesregierung weiter im gleichen Tempo wie bisher Geld ausgibt und wenn sie im gleichen Tempo wie bisher Geld druckt, wird unser Wirtschaftssystem kollabieren", ereiferte sich der Politiker aus dem Lager der populistischen Tea-Party-Bewegung, die eine Rückkehr zu den Werten der amerikanischen Gründerväter fordert.
Link zur aktuellen Abstimmung in Utah im The Salt Lake Tribune
Für Golden Peaks eine super Nachricht. Denn das Unternehmen betreibt in Indonesien mehrere extrem aussichtsreiche Goldprojekte. Und hinter Golden Peaks steht ein absolutes Erfolgsteam, das schon einmal mit einer Goldminenfirma in Indonesien sehr erfolgreich operiert hat: Robust Resources (AU:ROL). Von Juni 2008 bis Anfang 2011 schaffte man es, den Aktienkurs von wenigen Cent auf aktuell über 1,80 Australische Dollar zu steigern. Gelingt mit Golden Peaks eine Neuauflage von Robust Resources? Die Chancen dafür stehen gut!

Quelle: von www.trendaktien.com

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Golden Peaks Resources updates Indonesian gold projects

VANCOUVER, May 9 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) has announced that is has completed the acquisition of Reliance Resources Ltd. as part of a strategic shift in focus to Indonesia. The acquisition provides Golden Peaks with a diversified portfolio of five highly prospective gold projects covering 30,000 hectares in eastern Indonesia and a foothold in a region that hosts some of the world's largest gold projects. All of the projects are within close proximity to operating gold mines or defined resources within similar geological settings.
Golden Peaks' Indonesian portfolio comprises three exploration projects on Sulawesi Island, and two on Halmahera Island. Golden Peaks now controls the second largest land exploration package on Halmahera behind Newcrest Mining, which operates the Gosowong Mine that has a reported resource of 5.1 million ounces of gold to date. The five projects, with working interest of 75% to 90%, are valid licenses, as required under current Indonesian mining regulations.
"The acquisition of these properties provides Golden Peaks with a diversified portfolio of five highly prospective gold projects, including two at advanced stages of exploration," commented Scott Emerson, President of Golden Peaks. "Reliance's board and exploration team has a track record of success in Indonesia and they have done an excellent job in advancing these projects. By maintaining the continuity of this team, we can leverage the historical work completed by Reliance in pursuing our goal of building significant gold resources in Indonesia. In light of the completion of the acquisition of reliance and the Company's current focus its newly acquired Indonesian properties the Company has determined to record an impairment charge on its La Fortuna property".
Exploration Strategy
Golden Peaks aims to be part of the next wave of mining investment in Indonesia. Our prospects are focused in eastern Indonesia, a region that has seen most the country's mining activity in the past 15 years. Since 1995, five of the six metal mines to commence production are located in this region of Indonesia: Mesel (gold), Lanut (gold), Gosowong (gold),Lerokis (gold/copper)and BatuHijau (copper/gold). Two other gold projects, Bakan and Toka Tindung, are in development stage with production planned to commence within the next 12 months.
Of our five gold projects, three have been drill tested with one, Tanoyan, having undergone two phases of diamond drilling (44 drill holes). The most recent drilling at Tanoyan resulted in an initial NI 43-101 inferred resource of 2.22 million tonnes grading 1.3 g/t gold (91,100 ounces contained). A previous resource estimate prepared in 2009, which is not compliant with NI 43-101 but compliant with Australian Joint Ore Reserves Committee (JORC) requirements, placed the resource at 270,500 ounces of gold.
PROJECT HIGHLIGHTS
Sulawesi Island
The Tanoyan, Anggrek and Palopo projects have defined targets and the potential for near-term resource development and production. The projects cover an aggregate of approximately 19,650 hectares on Sulawesi Island, a province known to be gold-rich for over a century. Exploration since the 1980s has led to the discovery of a number of large gold deposits on the island.
Tanoyan (750 hectares; 75% interest)
  • Initial 43-101 resource estimate of 91,100 oz gold
  • Four shallow epithermal gold-bearing vein systems identified to date
  • Strike length traced over 2.3km
Gold mineralization at Tanoyan is located in four principal lode systems. These are typically characterized by quartz veining, vein breccias and silicification within an argillic alteration envelope. Gold mineralization is typically associated with pyrite and arsenopyrite in the lode zones.
A technical report prepared by CSA (Global) of Perth, Western Australia, estimates an NI 43-101 compliant inferred mineral resource of approximately of 2.2 million tonnes grading 1.3 g/t gold, 91,100 contained ounces. However, this estimate excludes two of the best three drill intersections because of wide drill-hole spacing. Moreover, it only extrapolated veins in strike and dip to a maximum of 100 metres below surface.
The potential also exists to discover high-grade "shoots" or "bonanza lodes" within the main vein zones. These could increase the overall grade of the deposit and add significantly to the total gold inventory and enhance the project economics.
Palopo (8,096 hectares; 90% interest)
  • Drill intersections include 2 metres of 115 g/t gold, 2 metres of 18.3 g/t gold and 8.4 metres of 7.5 g/t gold
  • Strike lengths up to 500 metres with multiple quartz-sulphide veins
  • Mesothermal vein system located near Awak Mas deposit (1.7M oz gold)
Six main prospects have been identified on the Palopo project. On the main Mangkaluku prospect, four zones contain multiple quartz-sulphide veins, with individual veins having strike lengths up to 500 meters.
Drilling highlights from the Eastern and Western zones of this widely spaced scout drilling include:
  • Hole MLD001: 10m at 1.1g/t gold
  • Hole MLD004: 6m at 3.9g/t gold
  • Hole MLD006: 5m at 2.5g/t gold and 11m at 2.65g/t
  • Hole MLD007: 12m at 3.5g/t gold
  • Hole MLD008: 2m at 18.0g/t gold and 4.5m at 5.7g/t gold and 9m at 3.9g/t gold
  • Hole MLD008: 6m at 3.2g/t gold
Higher grade mineralization occurs in at least two zones over a strike length of more than 500 metres, with drill intersections from surface to 250 - 300 metres in depth. One of the most significant intersections is also one of the deepest, MK01 with 8.4 metres at 7.5 g/t gold from 249 metres.
Previous trenching outlined wide intersections of significant gold mineralization including:
  • MLT029: 18.1m @ 13.9 g/t Au and 5.4m @ 11.1 g/t Au
  • MLT030: 3.1m @  8.2 g/t Au and  6.0m @  4.7 g/t Au
  • MLT033: 18.0m @  6.8 g/t Au and  6.0m @ 16.0 g/t Au
  • MLT039: 36.0m @  6.8 g/t Au incl 9.0m @ 16.6 g/t Au
  • MLT046: 3.0m @ 39.5 g/t Au and  5.0m @ 16.1 g/t Au and 13.4m @ 10.7 g/t Au
Initial field exploration in 2011 indicates the presence of prospective dilational zones within quartz veins, the significance of which have not been recognised by previous explorers. The highest-grade drill intersection at Mangkaluku (MLD005; 2m @ 115.0 g/t Au) is located within one of these interpreted dilational zones.
An initial drill 5,000-metre drilling program will follow-up high-grade intersections and provide a framework for recognizing controls of high-grade mineralization within the lode systems.
Anggrek (900 hectares; 75% interest)
  • Limited exploration work (surface sampling and mapping)
  • Samples include 46.0 g/t gold and 10.2 g/t gold
Past exploration of Anggrek, primarily regional mapping and sampling programs, has outlined six zones of alteration and gold mineralization. These are hosted by quartz veins in hydrothermal breccias and fault breccia zones which are up to 20 metres in width and can be traced up to 1.2 kilometres along strike. Grab samples include 46.0 g/t gold from the Maleo Zone and 10.2 g/t gold from the TongTong Zone.
Anggrek is at a preliminary stage of exploration and future work will focus on understanding the gold-bearing mineral system with the aim of delineating targets for follow-up drill testing.
Halmahera Island
Western Halmahera Island represents a highly prospective but relatively under-explored island arc province with one of the highest-grade underground gold mines, Newcrest's Gosowong, currently operating anywhere in the world (28 g/t gold average). Golden Peaks is the second largest landholder in western Halmahera after Newcrest Mining.
Both the Roko and KapaKapa projects are located within the island arc terrain and contain significant evidence of gold-bearing, epithermal-style mineralization. These early-stage exploration projects cover approximately 17,675 hectares.
KapaKapa (5,000 hectares; 90% interest)
  • epithermal vein system similar to Gosowong
  • previous trenching intersected high gold values
  • 3 follow up scout holes by Newcrest Mining intersected potentially ore-grade mineralization
KapaKapa is located near the tip of the northern peninsula of Halmahera Island, approximately 35 kilometres northeast of the Roko project. Reconnaissance and geochemical sampling have outlined two areas of anomalous gold mineralization: one consisting of epithermal gold veins associated with intense hydrothermal alteration and hydrothermal brecciation, the other consisting of sediment-hosted mineralization.
Previous exploration within the headwaters of Pediwang Creek and Gisi Creek outlined a zone of hydrothermal alteration with anomalous gold mineralization hosted by veined and brecciated volcanics and volcaniclastics. The zone is at least 1,200 metres in length and up to 300 metres wide. The best results from chip sampling along creek exposures and hand-dug trenches include 10 metres at 6.4 g/t gold, 16 metres at 5.1 g/t gold and 42 metres at 1.1 g/t gold.
Newcrest also drilled three scout holes, totalling 620 metres, in late1998. Hole KKD-1 intersected 10 meters at 6.4g/t gold and 16 metres at 5.1g/t gold. Hole KKD-2 intersected anomalous gold mineralization, with a best assay result of 1.7m @ 0.3g/t Au from 127.0m. Hole KKD-3 intersections included 12.9 metres at 1.3g/t gold from 48.6 metres, including 6 metres at 2.7 g/t gold.
The exploration strategy at KapaKapa will be to undertake detailed mapping and soil sampling to better define the Pediwang Creek zone of hydrothermal breccia/epithermal veining. This data will be used for a drill program designed to follow-up previous scout drilling.
Roko (12,890 hectares, 82.5% interest)
  • Similar geological setting to Gosowong
  • Large epithermal system 3km in length open to south
Two zones have identified, Roko West and Roko East. Roko is a highly prospective exploration target possessing similarities to the geological setting to the Gosowong mine. Work to-date has only been at the reconnaissance stage. A current work program entails detailed mapping to define the most prospective zones of the hydrothermal breccias to provide targets for a planned drill program.
Golden Peaks executive and board of directors was restructured following the acquisition of Reliance Resources.
"Our new leadership team has a track record of success in Indonesia and a proven ability to identify and develop valuable exploration assets," noted Gary Lewis. "Reliance's in-country team includes a senior geologist, senior logistics officer, senior field assistant, community relations consultant and the necessary administrative support. Additionally, all necessary infrastructure has been set up, including accommodation, communications and logistical support for exploration activities."
This press release has been reviewed and approved by Mr. John Levings, B.Sc., MAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.
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.

Media Information, contact:  Investor Information, contact:
Scott Emerson, Chairman and Director  Mike Kordysz, Investor Communications
SE@goldenpeaks.com  MK@goldenpeaks.com 

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GOLDEN PEAKS COMPLETES ACQUISITION OF RELIANCE RESOURCES LTD. AND FINANCING

VANCOUVER, April 1 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the "Company" or "Golden Peaks") is pleased to report that it has completed the acquisition (the "Acquisition") of Reliance Resources Limited ("Reliance") effective March 31, 2011, pursuant to which the Company acquired all of the outstanding shares of Reliance in consideration for the issuance of approximately 62.7 million shares.

William Lee and Kieran Downes have resigned as directors of the Company and have been replaced with Gary Lewis, John Levings and Ian Mitchell. Kieran Downes has also resigned as President and Chief Executive Officer and has been replaced by Gary Lewis as Chief Executive Officer. Scott Emerson has resigned as Chairman and has been replaced by Gary Lewis as Chairman. Scott Emerson has been appointed as President. Management would like to thank Messrs Downes and Lee for their valuable contributions to the Company over the years. 

Concurrent with the closing of the Acquisition, the Company also announces that the 4,000,000 subscription receipts that were issued under the Company's brokered private placement that closed on March 1, 2011 which raised gross proceeds to the Company of $2,000,000 will now automatically be exchanged into 4,000,0000 common shares and 2,000,000 share purchase warrants of the Company. Each warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.65 until March 1, 2012. The gross proceeds of the Financing which had been held in escrow have now been released to the Company. 

Macquarie Private Wealth Inc. (the "Agent") was engaged by the Company as the agent in connection with the Financing. The Company has paid to the Agent a cash commission of $140,000 from the proceeds of the Financing held in escrow and has issued to the Agent non-transferable warrants that entitle the Agent to acquire up to 250,000 common shares of the Company at an exercise price of $0.65 per common share at any time until March 1, 2012

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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Profiteer live von der PDAC - Megadeal bei Golden Peaks?

Profiteer live von der PDAC - Megadeal bei Golden Peaks?

Liebe Profiteers,
einer unserer Redakteure ist vergangene Woche zur weltweit größten Rohstoffmesse PDAC nach Toronto geflogen. Hier präsentieren sich den interessierten Investoren Hunderte von Explorations- und Bergbaugesellschaften. Unser Mann vor Ort hat sich eine Vielzahl von Unternehmen angeschaut und mit dem Management der jeweiligen Gesellschaften gesprochen. Dazu zählte auch Golden Peaks Resources Ltd. (WKN: 905815).
Die Aktie konnte am Freitag charttechnisch nach oben ausbrechen. Es waren starke Käufe zu beobachten. Wir haben für Sie in Erfahrung gebracht, dass sich ein US-Investor noch schnell positionieren wollte, bevor die Fusion mit Reliance Resources Limited abgeschlossen wird. Die neue Deadline ist der 21. März 2011. Es würde uns aber nicht überraschen, wenn die Transaktion sogar etwas früher abgeschlossen werden könnte.

Wo ist Golden Peaks aktiv?

Vor der angekündigten Fusion mit Reliance arbeitete Golden Peaks an zwei Projekten in Argentinien. Wieso erfolgt nun eine Neuausrichtung auf Indonesien? Zum einen bot sich die Möglichkeit ein Top-Management-Team sowie exzellente Goldprojekte an Bord zu holen. Zum anderen sind die Kosten, um einen Meter in die Erde zu bohren, wesentlich geringer, als in Argentinien. Während man in Argentinien mit 220 USD pro Meter kalkulieren muss, liegen die Kosten in Indonesien gerade einmal bei 40 USD pro Meter!
Indonesien ist eines der, vom geologischen Standpunkt aus gesehen, aussichtsreichsten Länder der Welt. Einige der größten Goldprojekte sind hier zu finden. Dazu zählen Freeport’s Grasberg-Mine (35 Mio. Unzen Gold), Newmont’s Batu Hijau-Projekt (7,6 Mio. Unzen Gold) und Rio Tinto’s Kelian-Projekt (7,7 Mio. Unzen Gold). Zwischen 2003-2005 wurden in Indonesien rund 5,3 Mio. Unzen Gold produziert. Das waren rund 6 Prozent der weltweiten Förderung. Dank des in 2009 modernisierten Bergbaugesetzes und des steigenden Goldpreises fließen nun wieder verstärkt ausländische Investitionen in diesen Sektor.

Was passiert mit den Projekten in Argentinien?

Hier verhandelt Golden Peaks aktuell über einen Verkauf bzw. den Einstieg eines Joint Venture-Partners.

Die Projekte in Indonesien

Die neue Golden Peaks Resources wird 75-90 Prozent an fünf Liegenschaften (Gesamtfläche: 30.000 Hektar) auf den ostindonesischen Inseln Sulawesi und Halmahera halten. Alle Projekte befinden sich in der Nähe von Goldminen oder nachgewiesenen Goldvorkommen mit ähnlichen geologischen Bedingungen. Im Laufe der letzten Jahre wurden hier einige Millionen Dollar in die Exploration investiert, so dass ein umfangreicher Datenbestand vorliegt.
Bei den Sulawesi-Projekten wurde eine Vielzahl von Bohrzielen bereits definiert. Darüber hinaus könnte hier sogar recht kurzfristig die Goldproduktion aufgenommen werden, insofern eine wirtschaftliche Machbarkeitsstudie positiv ausfällt. Schließlich hat man beim Tanoyan-Goldprojekt auf Basis von 44 alten Bohrlöchern (6.007 Meter) ein NI 43-101 konformes Vorkommen in Höhe von 91.100 Unzen Gold (durchschnittlich 1,3 g/t) in der Kategorie "Inferred" nachgewiesen. Dabei wurde eine Reihe von hochgradigen Ergebnissen aus der JORC-konformen Berechnung (270.000 Unzen Gold mit durchschnittlich 2,4 g/t) heraus gerechnet und nur die Daten bis 100 Meter unter der Oberfläche berücksichtigt.
Vier goldführende Adern konnten bisher über eine Länge von 2,3 Kilometern verfolgt werden. Diese sind Teil eines epithermischen Adersystems in der Nähe einer produzierenden Goldmine. Experten sehen hier ein Potenzial, mehrere Millionen Unzen Gold nachzuweisen!
Das Palopo-Projekt liegt in der Nähe des Awak Mas-Vorkommens (1,7 Mio. Unzen Gold). Beim Ausheben von Gräben (Trenching) wurde eine signifikante Goldmineralisierung nachgewiesen. Bisher wurden hier 12 Bohrlöcher in die Erde getrieben. Dabei stieß man auf hochgradige Mineralisierung (u.a. 2 Meter mit 115 g/t Gold).
Beim Anggrek-Projekt wurden bisher nur Bodenproben gesammelt, aber die haben es in sich! 46 g/t Gold und 10,2 g/t Gold hat man hier gefunden. Bei der benachbarten Liegenschaft wird bereits Gold abgebaut.
Auf Halmahera ist Golden Peaks nach Newcrest der zweitgrößte Landbesitzer. Beide Projekte liegen in der Nähe der Gosowong-Goldmine von Newcrest (5 Mio. Unzen Gold mit einer durch-schnittlichen Mineralisierung von 24 g/t!). Beim Roko-Projekt hat man ein großes epithermisches Adersystem mit einer Länge von mindestens 3 Kilometer entdeckt. Der Goldexperte Greg Corbett ist davon überzeugt, dass dies die vielversprechendste Liegenschaft von Golden Peaks ist! Bisher wurden hier nur Bodenproben entnommen.
Auch beim Kapa-Kapa-Projekt existiert ein epithermisches Adersystem. Neben hochgradigem Gold wurde hier auch extrem hochgradiges Silbererz entdeckt (15.800 g/t Silber)!

Das Management

Golden Peaks gewinnt mit der Fusion nicht nur äußerst vielversprechende Goldprojekte, sondern auch ein starkes Management-Team um Gary Lewis und John Levings, das über eine gute Erfolgsbilanz und exzellente Kontakte auf Indonesien verfügt. Das Management-Team von Reliance zeichnete beispielsweise für den Riesenerfolg von Robust Resources Ltd. verantwortlich. Dank der erfolgreichen Entwicklung des Romang Island-Projektes in Indonesien stieg der Börsenwert des Unternehmens von 6,9 Mio. AUD im Juni 2008 auf mittlerweile über 150 Mio. AUD! Diese Vervielfachung des Unternehmenswertes soll nun bei Golden Peaks wiederholt werden!

Laufendes Explorationsprogramm

Golden Peaks arbeitet in Indonesien mit zwei eigenen Bohrgeräten, die von Experten einer einheimischen Firma bedient werden. Zwei weitere Bohrgeräte wurden schon bestellt. Dieser Ansatz mit eigenen Bohrgeräten hat bereits bei - der in Deutschland recht bekannten und später übernommenen - Pan African Mining Corp. zum Erfolg geführt! Damit kann man das Explorationstempo deutlich verschärfen.
Beim Tanoyan-Projekt wird seit Mitte Dezember 2010 die Sondana-Ader getestet, wo bereits früher Gold (u.a. 8,8 g/t Gold über 10 Meter, 5,3 g/t Gold über 7 Meter sowie 3,1 g/ t Gold über 20 Meter ab einer Tiefe von 138 Metern) gefunden wurde. Darüber hinaus will man die Ausdehnung dieser Goldmineralisierung erkunden. Das erste Bohrprogramm soll bis Ende Mai 2011 abgeschlossen werden. Erste Ergebnisse werden für Ende März erwartet. Dank der eigenen Bohrgeräte hat man größtmögliche Flexibilität, um bei starken Ergebnissen sofort weiter zu arbeiten. Beim Palopo-Projekt wird ebenfalls gebohrt.
FAZIT: Der Börsenwert von Golden Peaks Resources Ltd. (WKN: 905815) liegt bei rund 115 Mio. CAD. Trelawney Mining and Exploration Inc. (WKN: A0RMWD) haben wir ebenfalls bei einer Marktkapitalisierung in dieser Größenordnung empfohlen, bevor sich die Aktie verfünffachte! Unser dortiges Kursziel von 3,80 Euro wurde zwischenzeitlich fast erreicht.
Zum erfolgreichen Abschluss der Fusion mit Reliance fehlt nur noch ein letztes Dokument vom Indonesian Capital Investment Coordinating Board. Dies sollte in Kürze vorliegen, so dass die Transaktion abgeschlossen werden kann.
Mit der kürzlich abgeschlossenen 2 Mio. CAD Finanzierung kann Golden Peaks locker das erste 5.000 Meter Bohrprogramm beim Tanoyan-Projekt sowie das zweite beim Palopo-Projekt bezahlen und ist für 12 Monate erst einmal durchfinanziert. Derzeit arbeitet Golden Peaks aber noch an einem ganz großen Wurf in Indonesien, mit dem das Unternehmen sofort zu einem Goldproduzenten aufsteigen würde. Eine Übernahme könnte Golden Peaks über Nacht in eine höhere Liga katapultieren!
Wir sehen bei allen indonesischen Projekten von Golden Peaks Resources ein enormes Explorationspotenzial. Insbesondere beim Tanoyan-Projekt dürften die aktuellen Bohrungen ein wesentlich(!) höheres Goldvorkommen als bisher nachweisen, da die alten Bohrungen weit auseinanderlagen und man nun in diesen Zwischen-räumen bohrt.
Auf Sicht von 12 Monaten sehen wir für die Golden Peaks-Aktie ein Kursziel von 2,60 Euro. Das Management von Golden Peaks wird sich zudem Ende März auf der "Mines and Money Hong Kong" (www.minesandmoney.com/hongkong/) präsentieren. Im Anschluss daran folgt eine fünftägige Roadshow in Singapur sowie eine Roadshow in Australien. Das sollte eine Reihe von neuen Käufern anlocken.
Kaufen Sie die Aktie von Golden Peaks Resources Ltd. (WKN: 905815) limitiert in Frankfurt! Bitte setzen Sie einen individuellen Stop-Kurs.
Mit besten Grüßen
Ihr PROFITEER-Team
 

 

GOLDEN PEAKS RESOURCES LTD. - FIRST INFERRED MINERAL RESOURCE FOR RELIANCE TANOYAN GOLD PROJECT, INDONESIA

TSX: GL

  • Initial NI 43-101 Inferred Resource of 91,100 oz at 1.3 g/t Au
  • Four shallow epithermal gold-bearing vein systems defined
  • Individual veins with strike lengths up to 2.3 kms with vein widths up to 15 metres
  • Current drilling program designed to increase Mineral Resource 

VANCOUVER, Jan. 13 /PRNewswire/ - Golden Peaks Resources Limited ('Golden Peaks' or 'the Company') is pleased to report that it has received an independent National Instrument 43-101 ("NI 43-101") compliant technical report (the "Technical Report") for the Tanoyan property on Sulawesi island, Indonesia (Figure 1). The Technical Report, prepared by CSA (Global) ("CSA") of Perth, Western Australia, estimates an Inferred Mineral Resource of approximately of 2,220,000 tonnes at a grade of 1.3 g/t gold for contained gold of 91,100 ounces.

Upon completion of the acquisition of Reliance Resources Limited, scheduled for early February, Golden Peaks will own a 75% interest in the Tanoyan property.The property offers significant discovery potential.
Table 1: CSA Mineral Resource Estimate to 100m below surface


         
CLASSIFICATION Domain K Tonnes Au (g/t) Au (Oz)
  Sondana 1,640 1.0 53,900
  Ramai 131 0.9 3,600
Inferred Lingkobungon 115 0.9 3,500
  Talong-Modupola 339 2.8 30,100
  Total 2,225 1.3 91,100                                         
 
Note: The CSA Mineral Resource was estimated within constraining wireframe solids based on a nominal lower cut-off grade of 0.5g/t Au. The resource is quoted from blocks above a 0g/t Au cut-off grade. Differences may occur due to rounding.
 
The Technical Report, entitled " Tanoyan and Anggrek Properties, North Sulawesi, Indonesia" and dated November 11, 2010, was authored by Robert Neil McLean (BSc Hons) MAusIMM (107754) and David Williams (BSc Hons) MAusIMM (109698) who are "independent persons" as defined by NI 43-101. Mr. David Williams of CSA is a Qualified Person as defined by NI 43-101 and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The Technical Report will be filed by the Company within the required time specified by NI 43-101and will soon be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.

CSA's Mineral Resource estimate was based exclusively on data from 44 diamond drill holes, totalling 6,007 metres, drilled by Avocet Mining PLC ("Avocet"), the previous owners of the property over a 12-month period between 2007 - 2008. Avocet also undertook, trenching, soil geochemistry, geological mapping and IP-Resistivity geophysical surveys within the property, and completed an internal resource estimate utilizing all of its exploration data. CSA, however, only utilized drilling data and did not include trench assay data in their resource estimate.

CSA's Inferred Mineral Resource estimate is lower than an in-house estimate prepared by Avocet due to the application by CSA of a more conservative set of protocols. CSA's report states: "The Mineral Resource estimate of 2.22M tonnes at a grade of 1.3g/t Au for contained gold of 91,100oz differs considerably from that estimated by Avocet. The main reasons for the difference are considered to be due to CSA:
  • Removing two of the best three drill intersections due to excessively wide drilling spacing
  • Applying a top cut to the assay database instead of separately modelling the high-grade parts of the deposit as Avocet did;
  • Applying more conservative extrapolations of veins in strike and dip to a maximum of 100 metres below surface; and
  • Removing the surface trench assay data (which has a marginally higher average grade than the drillholes) from the grade estimate.

Golden Peaks believes that with continued infill and exploration drilling the resources at Tanoyan can be significantly increased. The CSA report states: "There is an opportunity to increase the Tanoyan Mineral Resource estimate, and to improve confidence in the classification of currently Inferred Mineral Resource by continued drilling..............There are also opportunities to extend mineralised lodes along strike, and to discover new zones."
 
To view Figure 1: Location of Golden Peaks Tanoyan, Anggrek and Palopo properties, please visit: http://files.newswire.ca/365/GoldenPeaks.doc
Avocet identified four principal epithermal gold-bearing vein systems: Sondana, Ramai, Linkobungon and Talong-Modupola. Individual veins have strike-lengths up to 2.3 Km and widths vary between 2 and 15 metres (Figure 2).

To view Figure 2: Tanoyan Geology showing Vein Systems and drill hole collars, please visit: http://files.newswire.ca/365/GoldenPeaks.doc
 
Golden Peaks plans drilling at Tanoyan with an initial focus on following-up high-grade intersections from the Avocet drilling programs. The Company has retained a specialist structural geologist (Adriaan van Herk) to provide a framework for recognizing controls of high-grade mineralisation within the lode systems.

Scott Emerson commented: This resource estimate is an important milestone for the Tanoyan Gold Project. It is the first NI 43-101 compliant resource ever produced for this deposit. We are encouraged by this initial study and will continue to advance the Tanoyan deposit this year with a  drilling program designed to expand the resource and investigate the higher-grade zones of gold discovered within the deposit."

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.
 
SOURCE Golden Peaks Resources Ltd.

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GOLDEN PEAKS RESOURCES LTD. - DRILLING TO COMMENCE AT TWO INDONESIAN GOLD PROJECTS

 Press Release Source: Golden Peaks Resources Ltd. On Tuesday November 23, 2010, 2:21 pm EST

VANCOUVER, Nov. 23 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL - News; the "Company") is pleased to
 provide an update regarding Reliance Resources Limited's ("Reliance") exploration activities in Indonesia.

RELIANCE RESOURCES ADVANCES EXPLORATION ON INDONESIAN PROJECTS; DRILLING TO COMMENCE DECEMBER

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<<

     --  Significant progress made on proposed acquisition of Reliance Resources
         Limited
  o Due diligence and definitive legal agreements well advanced
  o 43-101 technical report complete
     --  Reliance taken delivery of two company-owned diamond drill rigs;
         drilling to commence at Tanoyan and Palopo projects, Sulawesi
  o Initial 5,000m drill program to build on inferred resource at Tanoyan
  o Expands infrastructure, communications and logistical support
>>
------------------------------------------------------------------------------
     As reported on 2 November, Golden Peaks announced the proposed
acquisition of Reliance, an unlisted Australian public company, which holds
the rights to five prospective gold exploration permits on the islands of
Sulawesi and Halmahera in eastern Indonesia. Significant progress has been
made to progress the transaction, and Golden Peaks expects to complete the
acquisition of Reliance in the near term.
     Reliance has advised Golden Peaks that in mid-December it will commence
drilling at both the Tanoyan and Palopo prospects on the Island of Sulawesi.
     To view Figure 1: Map of Indonesia highlighting magmatic arcs, major
mines and Reliance properties, please visit:
http://www.goldenpeaks.com/i/maps/NRNov2-2010.jpg
     Two company-owned diamond drill rigs have been purchased and are now
being assembled and tested before being shipped up to site. An initial 5,000
metre program is planned for Tanoyan, commencing in December, with the aim of
building on the inferred mineral resource. Assay results will be reported
throughout the drilling program.
     Reliance already has a dedicated team on-site at all of its main prospect
areas including a Senior Geologist, a Senior Logistics Officer, a Senior Field
Assistant, a Community Relations Consultant and the necessary administrative
support. Additionally, all necessary infrastructure has been set up including
accommodation, communications and logistical support to support exploration
activities.
     Reliance also has an active exploration program for the remainder of the
fourth quarter of calendar year 2010 to advance its other projects in
Indonesia. Works including geological mapping, trenching, sampling and
modelling of vein systems have been planned.
     Scott Emerson commented: "We are pleased with the progress we have made
with this transaction in such a short period of time, and we are very
confident of completing all due diligence and documentation in the near term.
It is also pleasing to note that Reliance will shortly commence drilling
activities on two of its advanced gold projects in Indonesia. This presents an
exciting opportunity for Golden Peaks' shareholders and we look forward to
learning more about the results of these initial drilling programs.
     "Reliance Chairman Gary Lewis added: "We have fast-tracked exploration
activities at Tanoyan in order to build on the existing inferred mineral
resource, and we are ahead of schedule. We also expect to complete a number of
other exploration milestones before the end of the year which will result in
an increased drilling program for calendar 2011."
     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.


For further information

Media Information, contact Investor Information, contact: Scott Emerson,
Chairman and Director Mike Kordysz,
Investor Communications SE@goldenpeaks.com MK@goldenpeaks.com

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Renaissance Gold Inc. is pleased to announce that it has entered into two exploration earn-in agreements with Golden Peaks Resources Ltd.

Renaissance Gold Inc.: Leonid & Gypsum Valley Project Agreements Executed
 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/17/10 -- Renaissance Gold Inc. ('RenGold' or the 'Company') (TSX VENTURE: REN) is pleased to announce that it has entered into two exploration earn-in agreements with Golden Peaks Resources Ltd. ('Golden Peaks') of Vancouver, British Columbia. One agreement covers the Company's Leonid project located south of Carlin, Nevada and the other covers the Gypsum Valley project located north of Fernley, Nevada. This brings the total number of active exploration agreements for RenGold in Nevada and Utah to 10 and 15 worldwide.

The Leonid Property is in the Pinion Range and straddles the boundary of Elko and Eureka County. The project was originally discovered using proprietary satellite imaging that highlighted anomalously altered Woodruff Shale underlain by carbonate locally replaced by jasperoids with highly anomalous trace element chemistry and gold. A series of complex graben-bounding faults preserve the Woodruff Shale, which comprises the upper plate of the Roberts Mountains Thrust. The structural setting presents the potential to preserve, at shallow depths in the lower plate, the Web formation, which is a productive host to gold mineralization in the Rain deposit located at the northern end of the Pinion Range and along the southern extension of the Carlin gold trend. The Gypsum Valley project contains the upper level expression of a hot springs epithermal system indicated by intense argillic alteration, the development of disseminated gypsum and siliceous sinters. Surface sampling has encountered anomalous pathfinder geochemistry and geologic mapping has identified likely feeder structures for the mineral system hosted within felsic volcanics.

Under the terms of the agreements, Golden Peaks paid the Company US$5,000 for each project on signing and is required to spend a minimum of US$2,850,000 within a 6 year period on each project and complete a bankable feasibility study to earn an undivided 70% interest in the property. If Golden Peaks elects to terminate its interest without vesting, but has expended US$2,850,000, it shall be entitled to a 3% NSR capped at twice its expenditure. Golden Peaks is the operator and it may request RenGold to conduct exploration programs on its behalf under a work agreement funded by Golden Peaks.

Richard L. Bedell, Certified Professional Geologist, is the Company's designated Qualified Person for this news release.

About Renaissance Gold Inc.

RenGold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, Utah, Argentina and Spain. The majority of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture.

Renaissance Gold Inc.

Ronald L. Parratt, President and CEO
 
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