Mr. Rob Murdoch reports
GOLDEN TOUCH RESOURCES INTERSECTS SIGNIFICANT GOLD MINERALISATION IN EARLY HOLES AT
RUBIK IN ALBANIA
Golden Touch Resources Corp. has encountered significant gold mineralization in early holes drilled at the company's Rubik gold project in Albania.
The company has received gold assay results from holes GJZ 1001 to 1005 from ALS Laboratories in
Romania. Holes 1001 and 1004 intersected old underground workings prior to reaching their target
depths and were redrilled as holes GJZ 1002 and 1005, respectively, so that in effect the company has
received the results of the first three holes that have reached their target depth (holes GJZ 1002, 1003
Hole GJZ 1005 encountered gold mineralization between 63 and 100 metres. The average grade of this
37-metre interval is 1.70 grams per tonne gold. Included within this are two higher-grade intervals including nine metres at 5.13 parts per million Au from 63 to 71 metres and four metres of 3.22 ppm Au from 90 to 94 metres.
No significant gold mineralization was intersected in the other holes.
In addition to this result, channel sampling of an outcrop cut by a drill access road returned nine metres of 4.60 ppm Au.
Examination of the drill core suggests that the gold mineralization is closely associated with sulphide
blebs and irregular shaped veinlets developed within a shear zone, comprising moderately to intensely
altered diabase and silica.
The company is encouraged by the results to date and is proceeding with further drilling to define both the shear zone and the gold mineralization more
Previous drilling at this location and recent drilling and surface trenching have defined significant gold
grades over a strike distance of 1,300 metres.
Golden Touch has filed an updated National Instrument 43-101-compliant technical report,
dated Feb. 18, 2011, and revised March 13, 2011, on the
Livadheza gold project (EC 1124) prepared by Ian Mathinson, BSc (honours geology), MAusIMM, with the TSX
Venture Exchange, which is posted under the company's profile on SEDAR.
The following is a summary of information contained in the NI 43-101 EC1124 report:
Exploration for gold has located near-surface gold mineralization within a major regional structural
breccia zone that can be defined over a strike length of 20 kilometres. Along this strike interval, geochemical
surface soil sampling has defined a number of gold-in-soil anomalies over approximately 10 kilometres
of the strike. One anomaly (Gjazuj) coincides with an area previously drill tested in the 1980s for
sulphide-bearing silica. The silica was used as a flux material for a copper smelter. The other
nine kilometres remain untested.
Hole No. Intercept Intercept Grade (g/t Au)
downhole (M) thickness (m)
415 5,965.9 6.9 9.5
64 26.5, 34.5 8.0 7.2
224 4,853.5 5.5 10.4
26a 41.5, 43.5 2 21.8
62 5,559.6 4.6 6.4
224 4,444.8 0.8 29.4
540 4,546.8 1.8 10.25
274 5,656.6 0.6 23.7
Based on the previous drilling, the gold mineralization is open in both directions along strike, as well as
Previous trench sampling by the company's subsidiary defined mineralization in excess of six metres in
width, with an average gold grade of 6.3 grams per tonne Au and nine metres with an average gold grade of 3.3 grams per tonne gold.
Robert Murdoch, president of Golden Touch and a qualified person under the meaning of Canadian
National Instrument 43-101, is responsible for the technical content of this news release.
© 2019 Canjex Publishing Ltd. All rights reserved.