Golden Valley Mines: Discovery of Gold-Copper Mineralization on the Cheechoo Project, James Bay, Quebec.MONTREAL -- Golden Valley Mines Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GZZ GZZ Garcia-Zhong-Zhao Coding Scheme ) reports the discovery of gold-copper 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. grading up to 3.98 g/t gold and 1.73% copper from samples collected in its fall 2005 mapping and prospecting program. In total, 27 of the first 418 rock grab samples (or 6%) collected on the project assayed 0.1 g/t gold or better. The six best sample results and associated highest-grade copper values are as follows: --------------------------------------------------------------------- Property Sample Type Sample Site Gold Assay Copper Assay --------------------------------------------------------------------- Cheechoo A Block Boulder Boulder Field SE 0.56 g/t --------------------------------------------------------------------- Cheechoo A Block Boulder Boulder Field NW 1.58 g/t 1.63% --------------------------------------------------------------------- Cheechoo A Block Boulder Boulder Field NW 1.89 g/t Result Pending --------------------------------------------------------------------- Cheechoo A Block Boulder Boulder Field NW 3.98 g/t 1.73% --------------------------------------------------------------------- Cheechoo B Block Boulder West Quadrant 0.89 g/t --------------------------------------------------------------------- Cheechoo A Block Discovery Areas (located 1.1 kilometres southwest of Virginia's Eleonore Property): The four above highlighted samples occur within two separate boulder field clusters 1.5 and 2.4 kilometres down-ice and down-slope from the location of the interpreted surface mineralization and is of similar character. Prospecting and mapping work outlined an altered and mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. (pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. +-pyrrhotite-magnetite-chalcopyrite-bornite) shear zone along a diorite-amphibolized basalt basalt (bəsôlt`, băs`ôlt), fine-grained rock of volcanic origin, dark gray, dark green, brown, reddish, or black in color. Basalt is an igneous rock, i.e., one that has congealed from a molten state. contact. This contact and related mineralized zone is associated with an airborne electromagnetic conductor axis that has been defined across the entire property over a distance of some 2.3 kilometres, of which only a small portion has been prospected to date. Cheechoo B Block Discovery Area (located 1.2 kilometres southeast of Virginia's Eleonore Property): The above highlighted gold value is located along a well defined regional structural lineament lin·e·a·ment n. 1. A distinctive shape, contour, or line, especially of the face. 2. A definitive or characteristic feature. along the northwest extension of an airborne electromagnetic conductor axis. No follow-up sampling of these results has been completed on any of the properties. These target areas are deemed as high priority for ground follow-up. This planned work combined with detailed geochemical sampling and ground geophysical surveys is expected to help define drill targets. Work plans going forward will be detailed once all the rock and lake sediment sample results have been received, compiled and evaluated. Golden Valley Mines has become one of the principal claim holders in the area to the east and west of Virginia Gold Mines Inc. Eleonore property that hosts the Roberto Zone gold discoveries. The company now holds interest in 1,017 claims in 14 wholly owned (100%) properties, and two option/joint ventures with Sirios Resources Inc. (refer to the November 16, 2005 press release for more information) covering 52,846 hectares (529 km2) in the region. The field work was in part, completed by IOS (1) (Internetwork Operating System) An operating system from Cisco that is the primary control program used in its routers. IOS is widely used and robust system software that supports the common functions of all products under Cisco's CiscoFusion architecture. Services Geoscientifiques Inc. of Saguenay, Quebec Saguenay (officially Ville de Saguenay) is a city (2006 population: 143,692) in the Saguenay–Lac-Saint-Jean region of Quebec, Canada, on the Saguenay River, about 200 kilometres (0 mi) north of Quebec City. under the supervision of Senior Geologist, Michael P. Rosatelli who is the company's Qualified Person as defined by NI 43-101 and the person responsible for this press release. All rock samples are assayed at the Laboratoires Expert of Rouyn-Noranda. Refer to the project maps on the Golden Valley Mines website, www.goldenvalleymines.com/cheechoo. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Golden Valley Mines Ltd. (TSX VENTURE:GZZ) |
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