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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (40746)	5/22/2007 6:33:43 PM
From: jonpeetee	Respond to of 78428

v.gai Golden Arch completes Wakefield Lakes NI 43-101 report 2007-05-22 14:53 ET - News Release Mr. Les Kjosness reports GOLDEN ARCH RESOURCES RELEASES NI43-101 REPORT: WAKEFIELD LAKES ZINC PROPERTY POTENTIAL FOR SEVERAL MILLION TONNES GRADING 4% ZINC AND 0.50% LEAD Golden Arch Resources Ltd. has completed and filed the National Instrument 43-101 summary report on the Wakefield Lakes zinc property, located approximately 300 kilometres northeast of La Ronge, Sask. The company has evaluated the previous drilling on the property, which is located 15 kilometres east of an all-purpose gravel road, maintained to access other year-round mining operations. Golden Arch Resources has an option to acquire an 80-per-cent interest in the Wakefield Lakes property, which contains the George Lake zinc zone. The property consists of six claims covering 3,669 hectares and straddles a deeply dipping quartzite bed that hosts a concordant zinc deposit in a zone of heavy sulphides. Based on a review of all reports available on the Saskatchewan government mineral resource index, including the results from a 43-diamond-drill-hole program by Falconbridge, Noranda et al., this NI 43-101 report summarizes the current understanding of the Wakefield Lakes zinc property. According to the Saskatchewan government mineral resource index, the George Lake deposit has a historically published resource of 2.9 million tons at 3.67 per cent zinc and 0.53 per cent lead, using a 2-per-cent zinc cut-off. Previous drilling by Falconbridge analyzed in the NI 43-101 report indicates the possibility of a plus 5-per-cent core in this zone, which appears to be plunging to the east, and open to the east and down dip. The George Lake zinc zone, contained in the Wakefield Lakes property, extends over a strike length approximately eight kilometres and is generally unexplored. This report proposes an exploration and development plan to ascertain the potential of the George Lake zinc zone and verify whether the project is suitable for economic development. In addition, this report proposes to explore two other previously discovered zinc concentrations in drill holes both east and west of the George Lake deposit. On closing of the previously announced private placement, Golden Arch intends to implement the work program outlined in the NI 43-101 summary report. The entire report is available on the company's website.