VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 09/20/11 — Editors note: There is one video associated with this press release.
Golden Touch Resources Corp. („Golden Touch“ or the „Company“) (TSX VENTURE: GOT)(FRANKFURT: 0GT) is pleased to announce further assays from its initial drilling program on its Rubik Gold Project in Albania.
The assays included herein are from Holes 13 to 20. The samples were assayed by ALS Laboratories in Romania. Holes 16, 17 and 19 appear to have intersected the same gold mineralisation envelope previously encountered in Holes 5, 8, 10, 11 and 12.
Significant Intersections in Holes 16, 17 and 19 are as follows:
These holes have now evaluated the main gold mineralized envelope, over about 200 metres of strike and the gold intersections in the 8 holes that have intersected the main envelope over an interval averaging 23 metres at 1.8 g/t Au. The envelope is open both along strike and at depth. The results of another 8 holes drilled within the first phase program are awaited and many of these holes test the area along strike to the west and north-west.
The area tested to date covers a strike length over 1,000 metres where previous drilling and recent surface sampling have encountered gold mineralization.
As the results of the first drilling program are received it is now becoming increasing clear that the better gold mineralization is at the top of the gold envelope.
In addition, a second gold zone has been encountered near the base of the envelope in holes 5, 8.10 and 11. Over those 5 holes, the gold zone averaged 6.0 metres @ 2.2 g/t Au.
Whilst the first phase of drilling is evaluating an area where previous drilling and surface sampling located significant grades of gold mineralization, like most areas where gold occurs, the geometry and structure of the mineralization is complex. Hence, not all the holes drilled in this program will encounter the main gold mineralization envelope.
For example, holes 13, 14, 15 and 20 seemed to have intersected narrower and/or low grade gold mineralization, which we do not know at this time whether it is part of the main gold mineralization envelope or secondary deposits, in parallel or cross cutting structural dilations.
The best results obtained in holes 13, 14, 15 and 20 were as follows:
The President of Golden Touch, Mr. Rob Murdoch, stated that, „The new assay results continue to provide superior grade over width and the Company continues to be excited about the findings to date. Further samples are currently being prepared for dispatch to the laboratory (more assays pending) and those results should be announced within the next month.“
Mineralogy tests show that the gold occurs with sulphides that have invaded the host shear zone late with in its hydrothermal history and is contained in fine to medium grained variably exposed grains. Preliminary metallurgical test work show that 94.6% of the gold mineralization within the samples tested was recoverable to a rougher cell float concentrate.
Further background information on the gold project can be obtained from a National Instrument 43-101 („NI 43-101“) compliant technical report on the Livadheza Gold Project (EC 1124) prepared by Ian Mathison, Bsc (Hons Geol), MAusIMM, as posted under the Company-s profile on SEDAR at .
Robert Murdoch, President of Golden Touch, a Fellow of the Australasian Institute of Mining and Metallurgy and also a Fellow of the Australian Institute of Geoscientists 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 and President
To view the video „Exclusively Albanian – Intimately Precious“ which is associated with this press release, please visit the following link:
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 release.
Contacts: Golden Touch Resources Corp. Rob Murdoch Chairman and President (604) 248 – 5175
Golden Touch Resources Corp. Tom Corcoran (604) 248 – 5175
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