Golden Peaks Resources HUB - AGORACOM

Drilling about to restart at La Fortuna, 1st resource calc being worked on

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Message: Re: Does anyone have any info - Golden Peaks

The majority of the sites have more activity in threads that reference Golden Peaks under the T.GL TSX symbol.

Now in answer to your actual question; there is more than just a little hope remaining. The company is still working on the resource calculation, but that became a much bigger project than originally anticipated. The CD property was very nearly drilled; however, an issue of boundary discrepancy between the true topology of the property and the maps the government and property vendors were holding arose and could not worked out before the maturation of the GL lease.

The company is back on La Fortuna and expects to be drilling soon; you may have noticed recent NRs discussing the definition of the drill targets; these NRs are directly related to new property analysis based on the drill work completed, the surface work done recently and then correlated to the CSMAT reports the company now has. The results thus far have been very good and the material is correlating very well and filling in the remaining pieces of the geological model the company has defined. One interesting piece of information that has come out of this, is that there is an actual surface exposure of one of the breccias in the G zone, providing shallow access to what is hoped to be a significant target structure.

Additionally, I am told that the company has seen an appreciable increase in interactivity with some of the majors they have been dealing with, ever since they got back to being active on LF.

There is light at the end of the tunnel.

Sincerely,
Leigh McBain

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