VANCOUVER, Feb. 12, 2009 (Canada NewsWire via COMTEX) -- GL Quote Chart News PowerRating -- Golden Peaks Resources Ltd. (TSX: GL Quote Chart News PowerRating) (the "Company") is pleased to provide an update on the current activities pertaining to the Company's Cerro Delta and La Fortuna Argentinean gold projects. The Company has acquired and maintains controls over a 100% interest in both projects. The Cerro Delta project is located in the province of La Rioja, adjacent to the international border with Chile and in close proximity to the Cerro Casales porphyry gold deposit; a joint venture between Barrick Gold Corporation and Kinross Gold Corporation. The La Fortuna project is centrally located in the province of Chubut.
Given the current global economic climate the Company is pleased to announce that it continues to forge ahead with its 2009 program and has made excellent progress in that regard on both current projects. The following summary provides insight with respect to each project :
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