Friday, February 25, 2011 12:29:14 PM
PRESSES FORWARD
Golden Touch Resources (GOT.V) is a mining / exploration company based out of Vancouver, B.C. Canada. The company was recently able to acquire from Australia’s Jab Resources, a package of very advanced exploration and mining projects located in the European country of Albania. Although the projects acquired are focused on the development of producing a commercial quantity of precious metals (gold and platinum), in addition, Golden Touch has also obtained two large Chromite deposits spread over two separate exploration permits within the country. Chromite is an element used in the manufacturing process of high grade steel and stainless steel production.
Since geological testing has begun on the Albanian projects, a whopping 5 Million Dollars has been spent on exploration and has netted GOT some incredible results from previous drill programs. These results show some very encouraging signs for further development and exploration on the projects at hand giving Golden Touch the international exposure it needs to become one of the leaders in mining in Albania.
Drill Results:
Recent drill results have showings of over 7m of 10g/t Au (gold) near surface, an estimated Net Present Value of over 200 Million Dollars’ worth of Chromite, and an additional 5 high priority gold targets still undeveloped and yet to be drill tested by Golden Touch. Development and further testing on these 5 high priority targets gold targets offers some encouragement and hopefully, further growth potential for Golden Touch investors.
GOT shares are currently traded on the Toronto Venture Exchange (TSX.V: GOT) and also on the Frankfurt Stock Exchange (0GT).
www.goldentouchresources.com
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