Golden Touch Resources Corp. Begins Drilling on Gold Rich Gjazuj VMS Zone in Albania
28.03.2011 | CNW
VANCOUVER, March 28 /CNW/ - Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX-V Symbol: GOT; Frankfurt: 0GT) is pleased to announce that it has started a twenty hole 2,000 meter drill program on the Company's Rubik volcanogenic massive sulphide gold project in Albania. The Rubik gold project covers 68 km2 and is situated about 100 kilometers north of the Albanian capital, Tirana.Golden Touch's Rubik exploration license covers a 20 kilometer long breccia zone. Exploration completed to date has discovered near surface gold mineralization in seven areas along ten kilometers of this breccia zone.
The first gold anomaly to be drill tested is at Gjazuj where the Albanian Geological Survey completed a drill program in the 1980's exploring for silica to use as a flux at a nearby copper smelter. Their drill program defined a silica rich breccia zone up to 30 meters wide with a strike length of 1,300 meters. Recent work has confirmed that the silica rich breccia zone contains gold; channel sampling of a 6 meter wide outcrop of the breccia returned 6.3g/t gold. Drill testing of this gold anomaly has now commenced.
Mr. Aly Mawji, President of Golden Touch stated: "I would like to congratulate the Golden Touch technical team in Albania for achieving another significant milestone with the start of the 2011 drill program. We have completed extensive fieldwork and data interpretation for our target selection and are pleased to now drill test these new targets and define the Gjazuj deposit."
Golden Touch's principal asset are the 100-per-cent-owned Albanian Exploration Projects, totalling approximately 140 sq. km, located in Northern Albania. The Company has already spent in excess of US$5 million on exploration within the permit areas, which has resulted in the outlining of significant gold, platinum group elements (PGE) and chromite mineralization.
Robert Murdoch, Chairman 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.
On Behalf of the Board of Directors Golden Touch Resources Corp.
"Aly B. Mawji"
President
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 RELEAS
For further information:
with respect to the Company or the contents of this news release, please contact Aly B. Mawji at 604-306-5415
www.goldentouchresources.com