Golden Peaks to acquire Gold Exploration Portfolio

Golden Peaks Resources Limited (TSX:GL) signs a Letter of Intent to acquire 100% of Reliance Resources Limited.

The press release is quoted as saying:

Reliance holds a majority (75-90%) interest in these five gold tenements, covering 30,000 hectares. All five projects are within close proximity to operating gold mines or defined resources with similar geological settings. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).

Click here to access the entire press release