Golden Alliance Resources Corp. (TSXV:GLL) reports an update and letter from the Chairman and CEO to its shareholders.

The press release is quoted as saying:

Important Highlights:

-So much already discovered on only 6% of the total area of the property

-15 significant high grade gold zones discovered

-Nine compelling drill targets on which to continue drilling

-A 4 km x 2 km trend

-The total property covers >800 square kilometers and is 100% Company owned

Golden Alliance’s Chairman and CEO, Mr. Joseph Grosso says:

We are driven by the enthusiasm of the significant high grade gold drilling results achieved during the first four years (1998-2002) of exploration. We feel that it would take dozens of property reviews and many years of exploration to potentially find another project like Rio Tabaconas and are pleased to have a project that is advanced to the stage of requiring a Level II drill permit.

Click here to access the entire news release.

Click here to access Golden Alliance’s company profile.(TSXV:GLL)