Golden Touch Resources has begun a twenty hole 2,000 meter drilling at the Rubik volcanogenic immense sulphide gold project in Albania. The project includes 68 km2 and is located approximately 100 kilometers north of the Albanian capital, Tirana.
The exploration license of Golden Touch has covered a 20 kilometer long breccia zone. So far, the finished exploration has identified near surface gold mineralization in seven regions along 10 kilometers of the breccia zone.
The first gold anomaly, which is to be analyzed, is at Gjazuj. Albanian geological survey has accomplished drilling in 1980 and explored silica to employ at the near copper smelter as a flux. That drilling has found silica rich breccia zone for up to 30 meters wide with a strike length of 1,300 meters. The latest exploration has proved that silica rich breccia zone possess gold and channel sampling of breccia outcrop returns 6.3 g/t gold. The company has started drill testing at this gold anomaly.
Golden Touch has reached another important highlight at the beginning of 2011 drilling. The extensive fieldwork and data analysis has been completed and has now started drill tests at these targets to describe the Gjazuj deposit.
The main asset of Golden Touch is the Albanian exploration projects, which includes around 140 km2 in Northern Albania. Previously, the company had spent more than US$5 million on exploration in the permit areas and has delineated major gold, platinum group elements (PGE) and chromite mineralization.
Source: http://www.goldentouchresources.com/