Golden Peaks Resources is in the final stages of completing it's 100% acquisition of Reliance and is pleased to announce that Reliance Resources Limited (Reliance) has been working towards the commencement of drilling at the Palopo Project on Sulawesi Island, Indonesia (Figure 1) . Extensive site works and preparatory activity is completed and an [...]
- Program designed to expand initial 43-101 resource of 91,100 oz Au - Initial drill holes to test high-grade shoots in Sondana Vein - Previous results include 10m @ 8.8g/t Au, 7m @ 5.3 g/t Au and 20m @ 3.1 g/t Au - Veins have strike-lengths up to ...
Updates Status of Acquisition of Reliance Resources Limited VANCOUVER, Feb. 4 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the "Company") is pleased to announce that it has negotiated a brokered private placement (the "Private Placement") with ...
VANCOUVER, Jan. 25 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the “Company“ or “Golden Peaks“) further to the Company's press release dated December 22, 2010 in which it announced that it had executed a definitive agreement with Reliance ...
Golden Peaks Resources Limited is pleased to report that it has received an independent National Instrument 43-101 compliant technical report for the Tanoyan property on Sulawesi island, Indonesia. The Technical Report, prepared by CSA of Perth, Western Australia, estimates an Inferred Mineral Resource of approximately of 2,220,000 tonnes at a [...]
Golden Peaks Resources Ltd. is pleased to report that it has completed a definitive agreement with Reliance Resources Limited and its principal shareholders pursuant to which the Company will acquire all of the outstanding shares of Reliance. Final closing is subject to normal conditions precedent for these types of transactions.
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