NEWSNews Release
Ref:20071026LK-2
Work Permits Granted on Company’s Wakefield Lake Zinc Property, Sask.
OCTOBER 26, 2007, Vancouver, BC – (TSX.V: GAI) Les Kjosness, President & CEO is pleased to announce that the Company has received its Forest Product Permit from the Saskatchewan Environment and Resource Management offices regarding the Company’s Wakefield Lake zinc prospect located approximately 300 kms northeast of La Ronge. The permit allows for the construction of helicopter landing pads and campsites required for the drill program slated to begin before year end. The Company has engaged diamond driller KMS Energy Systems Inc. to commence fieldwork and preparation for drilling. The planned access road to the property will coincide with the proposed new Provincial Road 995 to be built to a First Nations village located on the southeast side of Wollaston Lake.
Wakefield Lakes will be explored using flow-through funding which closed by way of a private placement announced in June. Approximately 22 kms of road to access drill pad locations on the property will be constructed to allow from one to five drill holes from each of seven sites. Plans for the first phase of drilling call for 1,220 metres of NQ diamond drilling as recommended in the recent N.I. 43-101 report.
Golden Arch is a diversified mineral exploration company with gold, silver, copper, zinc and lead interests in both Canada and the United States. In Arizona, the exploration plan at Mildred Peak includes improvements to the access roads and drilling on several identified zones to upgrade the property data to comply with N.I. 43-101. The copper/silver zones and the old gold mine working areas are the priority targets.
The Company also has a 100% working interest (87.5% net interest) in an oil gas prospect in Clay County, Texas, known as the Antelope North Prospect.
On behalf of the Board,
“Les Kjosness”
President & Director
email: goldenarch@telus.net
The Company’s exploration program is under the supervision of R.D. Somerville, P. Eng., a Qualified Person under National Instrument 43-101. Mr. Somerville is Vice President and COO of Golden Arch Resources Ltd.
Golden Arch Resources Ltd. is a metals, oil, and gas and exploration company based in Vancouver, BC, Canada. Its principal assets are the Mildred Peak copper/gold/silver property located in Arizona, the newly acquired Wakefield Lakes zinc project in Saskatchewan and the Abbott/Wagner silver/lead/zinc property in British Columbia.