Research Abstract - GOLDEN PEAKS RESOURCES LTD. (gl.to)

Symbol(s):	GL.TO
Date:	4-Sep-10
Contributor:	Standard & Poor's Quantitative Report
Title:	Golden Peaks Resources
Document Size:	3 pages
Price:	$25
Document Type:	Adobe Acrobat Reader® Download free Adobe Acrobat Reader® Preview: http://reports.finance.yahoo.com/w0?r=46183610:1

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Golden Peaks Resources Ltd. - Drilling to focus on the T-11 & G gold zones

VANCOUVER, Dec. 3 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL - News; the "Company") is pleased to report, it has completed a geostatistical analysis of the geochemistry of the mineralized systems present on the La Fortuna Gold Project, Argentina.

Geostatistics is a branch of statistics focusing on spatiotemporal datasets. Developed originally to predict probable distributions for mining operations, it is currently applied in diverse disciplines including geochemistry.

Chemical analyses of samples from all of the zones were evaluated by several geostatistical methods. The significant conclusions are:

     1.  The mineralization is categorized as low sulphidation type.

     2.  The greatest enrichment in gold is found in the T-11, G and CR zones
         where the gold to silver ration is 1:1. The enrichment is associated
         with higher mineralizing temperatures likely focused by the
         intersection of the A and CR Structures.

     3.  Regression analysis identified a distinctive population of high value
         gold assays associated with high copper values. In the T-11/G/CR
         zones this gold population is associated with quartz veins/breccias
         the roots of which are the primary targets of the planned drill
         program.

     4.  The most prospective areas are in the northwest: T-11, G and CR
         zones.
     

The T-11 and G zones are located in the northeast part of the project where the A and CR Structures intersect.

This press release has been reviewed and approved by Dr. Kieran Downes, P.Geo., President of Golden Peaks Resources Ltd. 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.

For further information

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

 

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Golden Peaks Resources Overview

 

 

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