Golden Touch Commences Geophysical Program at Rubik Gold Project
28 Noviembre 2011 - 8:30AM
Marketwired
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)
248-5175rob@goldentouchresources.com Golden Touch Resources Corp.
Tom Corcoran Corporate Development (604)
248-5175tom@goldentouchresources.comwww.goldentouchresources.com
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