May 4, 2005
 Back

Navasota Options Gold Creek to Goldrange Resources, Inc.


Navasota Resources Ltd. (NAV:TSX-V) is pleased to announce that it has concluded a Letter Agreement with Goldrange Resources, Inc. ("Goldrange") whereby Goldrange will have the option to earn a 100% interest in the Gold Creek Property, subject to a 2% NSR to be retained by Navasota, under the following terms:

(a) making a cash payment to Navasota of US $5,000 upon conducting due diligence within
a period of two (2) months from the date of signing this Agreement;

(b) making a cash payment of US $10,000 to Navasota on the first anniversary of the date
of signing this Agreement; and

(c) making a cash payment to Navasota of US $15,000 on the second anniversary date of
the signing of this Agreement.

If Goldrange exercises the Option, Navasota will have the right to earn back a 40% interest in the
Property by giving notice to Goldrange of its intent to do so within 90 days and by making a cash payment
in an amount equal to 200% of 40% of the qualifying expenditures made by Goldrange.

Goldrange Resources, Inc. is a private mineral exploration company based in Bellingham, Washington.

About the Gold Creek Project

The Gold Creek Property is located 90 kilometres north of Kamloops, B.C. A program consisting of 6 drill holes totalling 883.2 metres was commenced by Navasota Resources Ltd. in December 2004. Four holes (GC-04-01 to 04) tested a north-northwest trending gold-in-soil geochemical anomaly; one drill hole (GC-04-05) tested a geochemical anomaly 500 metres to the west, and one hole (GC-04-06) tested under the "Enargite Showing" at the north end of the property.

Sampling of drill core from GC-04-01 to 04 showed only weakly anomalous gold values associated with narrow quartz veins hosted in dark phyllite and argillite of the Paleozoic Eagle Bay Group. GC-04-05 intersected weakly altered, fine to medium-grained diorite with little veining and very weak gold values. GC-04-06, under the Enargite Showing, returned intersections of 645 ppb Au over 0.45 metres and 960 ppb Au over 1.0 metre between 82.65 and 87.0 metres down hole. Both intervals correspond to quartz veins near an argillite - felsic volcanic contact. Galena and sphalerite are present in minor amounts.

Drilling failed to explain the gold-in-soils anomaly in the south half of the property. At Enargite, GC-04-06has demonstrated that quartz veins near an important regional structure are indeed gold-bearing. A detailed surface mapping and sampling program is recommended for the Enargite area once snow has left the site.

The Gold Creek Property consists of 3 claims covering 1450 hectares along the prospective Fennell Formation (Slide Mountain Terrane) and Eagle Bay Group contact. The Enargite produced 36 tonnes of ore in 1954 and 1972, yielding 3732 grams of silver, 1581 kilograms of copper, 1341 kilograms of lead, and 651 kilograms of zinc. Christopher J. Wild, P.Eng is the qualified person who carried out this program.

On behalf of the Board of Directors
Navasota Resources Ltd.
Signed
James T. Gillis
Corporate Secretary & CFO

Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.



   Investor Overview
 News Releases
   Financial Statements
   MD&A
 
©2010 Anglo Aluminum Corp. l Terms of Use

Site By CoreCreative