Golden Spirit Minerals Announces Gold Found in Australian Properties.BELLINGHAM, Wash. -- Golden Spirit Minerals Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GSPM GSPM Graduate School of Political Management ) announces its exploration strategy with respect to an exploration program on the Blue Doe and June Ellen Prospect sites located in the northern part of the Ravenswood Batholith batholith, enormous mass of intrusive igneous rock, that is, rock made of once-molten material that has solidified below the earth's surface (see rock). Batholiths usually are granitic (see granite) in composition, have steeply inclined walls, have no visible floors, . The Batholith area has been host to gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and has yielded at least 280 tonnes of gold of which 45 tonnes was produced since 1974. Robert Klein states, "It is the intention of the Company to focus the exploration on the Blue Doe Prospect and the June Ellen Prospect sites, using its Exploration Permit for Minerals 14454 M, which is an application to explore the geology in its relation to lithology li·thol·o·gy n. 1. The gross physical character of a rock or rock formation. 2. The microscopic study, description, and classification of rock. and mineralization typified as a Mesothermal Granite Host. Geophysics will be considered, possibly IP (induced polarization) methods, as there is a correlation between sulfides i.e. pyrite and galena and gold mineralization." The igneous intrusion has been extensively fractured and altered allowing the ingress An entrance. Contrast with "egress," which means exit. See ingress traffic. See also Ingres 2006. of mineral bearing thermal fluids that have deposited a complex stock-work of quartz veins. These veins have been the target of early gold prospectors and a number of sites exist where excavation work has been carried out. Historically, the Blue Doe has reported returns of 16.45 and 17.05 ppm gold per ton and the June Ellen 18.4 and 32.9 ppm (1 ounce) gold per ton. It is recommended that a comprehensive exploration program be employed to test the depth and lateral extension of the revealed mineralization. The results to date infer an initial surface target of 100,000 ounces of gold, equating to an approximate dollar value of $40,000,000 U.S. Shareholders will be informed on a regular basis over the coming weeks on the progress made on the Golden Spirit Minerals Ltd. portfolio of gold properties. /s/ Robert Klein Robert Klein, President Visit our web site at www.goldenspirit.ws Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit Minerals filings with the Securities and Exchange Commission. |
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