SAN FRANCISCO, Sept. 28, 2005 (PRIMEZONE) -- Global Prospecting Ventures, Inc. (Pink Sheets:GPVN) is pleased to announce results of an initial prospecting and sampling program conducted in July and August of 2005. This program has confirmed the presence of high-grade gold at the Company's Iron Horse-Bolivar Gold Project located in British Columbia, Canada. A summary of some of these results are as follows:
Au Au Ag Ag Cu
(g/t) (oz/t) (g/t) (oz/t) (%)
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5.35 0.156 WestHorse
Massive Pyrite Skarn
1.11 0.032 WestHorse
Garnet Skarn 1-2% Py
21.3 1.03 WestHorse
Mass-Sulphides
5-8 % Cu Py
4.09 0.119 40.6 1.184 4.95 NorthHorse
1m chip mass sulph.
10% Cu Py
13.7 0.400 6.3 NorthHorse
2m chip 80% sulphides
40.6 1.184 3.6 Bolivar W
Grab alt. rusty bleached
Volc.
1.32 0.038 Bolivar W
50 cm chip Rusty Qtz Vn
OTCP
Global is very encouraged by these numbers as they are similar to results reported by previous operators. Previous outcrop sampling has returned values ranging from 8.2 g/t to 38.3 g/t (1.12 opt) gold. Grab samples of surface exposures have returned values ranging from 0.16 to 11.19 opt gold.
Our 2005 summer geological program has now been completed on the Iron Horse-Bolivar Gold Project. Additional samples of mineralized zones have been taken and results are pending. An independent consulting geologist has been retained to compile data and compose a geological report on the property.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.