12:17:37 EST Thu 05 Dec 2019
Enter Symbol
or Name

Golden Touch Resources Corp
Symbol GOT
Shares Issued 24,637,616
Close 2011-05-09 C$ 1.00
Recent Sedar Documents

Golden Touch drills 37 m of 1.7 g/t Au average at Rubik

2011-05-10 19:17 ET - News Release

Mr. Rob Murdoch reports


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 and 1005).

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 accurately.

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.

                    PREVIOUS INTERSECTIONS
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 to depth.

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.

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