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Lone Ranch Drilling Permit Received
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Vancouver, British Columbia .... The company is pleased to announce
that it has received all regulatory approvals to drill its 100% owned
Lone Ranch project in Ferry County, Washington.
The Lone Ranch property covers gold bearing distal massive sulfide
mineralization intermittently traced over a distance of five miles.
Golden Oasis has carried out geologic mapping and sampling in 2006 and
a geophysical program in 2007 consisting of a helicopter
electromagnetic (HEM) survey over an area of roughly 36 square
kilometers. The geophysical survey contained five significant
anomalies located along the mineralized trend identified in the 2006
mapping program. One of the five HEM anomalies is coincident with
previously defined mineralization containing gold in drill holes and
underground workings. Previous drilling conducted by Cyprus Gold
Exploration and Kennecott Exploration on the south end of the property
encountered gold grades ranging from 55 feet (17 m) of 0.05 oz/ton (1.7
g/t) gold to 5 feet (1.5 m) of 0.31 oz/ton (10.6 g/t) gold. Currently,
there is not enough information to determine true width of the zones.
Golden Oasis plans to test three HEM anomalies north of the historic
drilling. All three HEM targets are larger than the HEM anomaly
coincident with the historic drilling. A total of 14 vertical and
angle core holes are planned for a total of 4,000 feet (1,220 m). The
initial holes will probe the three largest, undrilled HEM anomalies
that are coincident with our geologic mapping of the mineralized trend.
Drilling will test for gold and other metals similar to that found
elsewhere on the property.
The geophysical report for the Lone Ranch project is currently
available on our website at http://www.goldenoasis.ca/. The plan map
for our drilling program will be available online shortly.
Richard Kern (P.Geo), President of Golden Oasis, is the Company's
qualified person on the project as required under NI 43-101 and has
prepared the technical information contained in this press release.
Golden Oasis is dedicated to the principles of environmentally sound
mining practices and believes that environmental stewardship and mining
can co-exist. For details on the Company and its properties, see the
company's website.
ON BEHALF OF THE BOARD
Signed "Robert Eadie"
Robert Eadie, Chief Executive Officer
For further information, please contact: Robert Eadie
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Facsimile: 1-604-602-4936 / Website: http://www.goldenoasis.ca/
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this press release.
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Copyright (c) 2008 GOLDEN OASIS EXPLORATION CORP. (GOE) All rights
reserved. For more information visit our website at
http://www.goldenoasisexploration.com/ or send
mailto:info@goldenoasisexploration.com
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