Golconda Resources Ltd.: Drilling Continues in Nevada on Ralston Valley Gold Property

From: CCNMatthews Newswire | Date: January 10, 2007 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2007) - Golconda Resources Ltd. (TSX VENTURE:GA): Drillhole BX-1 reached a depth of 520-feet before Christmas and will be continued to a depth of 1,500- feet when drilling resumes on January 15, 2007.

The hole encountered so far a sequence of 1 cm to 5 cm thick quartz veins in strongly pyritic black shale from 305-feet to 325- feet and a zone of bedded and cross-cutting thin banded quartz- carbonate veins with pyrite and arsenopyrite from 470-feet to 520- feet in limey and silicified shale. This zone may continue with the deepening of the hole. Gold ...

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