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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 14, 2012) – Golden Touch Resources Corp. (“Golden Touch” or the “Company”) (TSX VENTURE:GOT)(FRANKFURT:0GT) is pleased to announce that nine new outcrops of anomalous gold mineralisation with grades up to 4.07 grams/tonne gold (g/t Au) have been located through a program of geological mapping recently undertaken along geophysical grid lines within the Rubik Gold Project area (PEL 1124). In total, 94 individual one meter long channel samples were collected from 18 separate locations. 23 of the samples collected (or 25%) were found to contain anomalous levels of gold between 0.05 and 4.07 g/t. The 23 anomalous samples have delineated nine individual shear zone outcrops that were not previously known.
No indication of true thickness was obtained from the surface outcrops. Samples were assayed in the Australian Laboratory Services in Romania using a 30 gram fire assay with AAS finish (Lab method Au-AA25).
Details of the new zones are as follows:
1. Six of the new gold bearing shear zones occur to the west of the Gjajuz Propect drilled area and include:
3 meters @ 1.54 g/t Au (including 1 meter @ 4.07 g/t Au)
5 meters @ 0.34 g/t Au
2 meters @ 0.30 g/t Au
3 meters @ 0.25 g/t Au
1 meter @ 0.28 g/t Au
1 meter @ 0.24 g/t Au.
2. One new gold bearing shear zone occurs within the Gjazuj Prospect area;
3 meters @ 0.28 g/t Au.
3. One new gold bearing shear zone occurs 3.5 km to the east of the Gjazuj Prospect area;
2 meters @ 0.18 g/t Au.
4. One new gold bearing zones occurs 300 meters to the north of the Gjazuj Prospect area;
1 meter @ 0.42 g/t Au.
The new outcrops are additional to other gold bearing outcrops located in the Gjazuj Area and previously reported by Golden Touch, including 6 meters @ 6.3 g/t Au; 9 meters @ 3.3 g/t Au, 9 meters @ 4.6 g/t Au, 2 meters @ 1.1 g/t Au, 1 meter @ 1.1 g/t Au, 4 meters @ 0.12 g/t Au, 1 meter @ 0.4 g/t Au, 2m @ 0.16 g/t au, 1m @ 0.51 g/t Au, 1 meter @ 0.12 g/t Au, 1 meter @ 0.85 g/t Au and 1m @ 0.32 g/t Au.
The location of nine new anomalous outcrops is considered encouraging as it indicates it is likely that that there are further gold anomalous shears that will occur particularly to the east of the area drilled at the Gjazuj Prospect. It is also considered significant in view of the fact that outcrop in the area is commonly covered with masking scree cover and the fact that the geological traversing was only undertaken along 200 metre spaced grid lines.
Drilling by the Company over the Gjazuj Prospect in 2011 located nine steeply dipping, gold bearing, greenstone hosted, shear zones (averaging 4.0 metres at 2.7 g/t gold) over an area of only 400 meters x 200 meters. The newly located gold bearing shears extend the prospective area at the Gjazuj Propsect a further 400 meters to the west. In support of this, the recent geophysical survey also identified significant anomalous zones in this area.
One of the new gold anomalous outcrops occurs 3.5 kilometres east of the Gjazuj Prospect. This outcrop occurs within a second gold stream sediment geochemical anomaly that was incuded in the coverage of the geophysical survey. The geophysical data identified high priority drill targets within this area.
A selection of the new gold bearing shear zones located through the geological mapping program along with targets generated by the geophysical program will be drill tested during a second phase drilling program to be undertaken within PEL 1124 this year.
The Company also announces the resignation of Tom Corcoran from the Board of Directors and as Corporate Development Manager. The Company would like to thank Mr. Corcoran during his tenure on the Board and wish him success in his future endevours.
Ken Chapple, President of Golden Touch, a Fellow of the Australian Institute of Geoscientists and hence a qualified person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.
On Behalf of the Board of Directors,
Golden Touch Resources Corp.
Ken Chapple, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
