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LITS.OB > SEC Filings for LITS.OB > Form 8-K on 2-Jul-2008All Recent SEC Filings

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Form 8-K for GOLDRICH MINING CO


2-Jul-2008

Other Events


Item 8.01 Other Events

On June 30, 2008, Goldrich Mining Company (hereafter "Goldrich") reported initial results of gold analyses for eight of ten drill holes scheduled at the Marisol bulk-tonnage gold prospect in northern Sonora, Mexico. The diamond-core drill holes are part of an effort by the Company to evaluate the grade and continuity of mineralization near a series of old underground workings.

The table below presents the gold values realized from the current drilling program.

     DRILL HOLE   FROM       TO           INTERVAL         Au g/     Au oz/
                   (m)       (m)       meters : (feet)     tonne    short ton
     MAR-1        25.50     28.50       3.0 : (9.84)       3.060      0.098
     MAR-1       135.95    139.00       3.05 : (10.0)      0.206      0.007

     MAR-2        36.70     42.55      5.85 : (19.19)      0.566      0.018

     MAR-3        31.30     42.35      11.05 : (36.25)     1.628      0.052
     including:   35.45     40.80      5.35 : (17.55)      2.62       0.084

     MAR-4        58.85     64.45       5.6 : (18.37)      3.784      0.122
     including:   60.30     63.25       2.95 : (9.68)      5.45       0.175
     MAR-4       127.55    133.55       6.0 : (19.69)      0.647      0.021

     MAR-5        31.5      39.0        7.5 : (24.61)      1.486      0.048
     including:   36.0      37.50       1.5 : (4.92)       4.11       0.132
     MAR-5       166.70    173.65      6.95 : (22.80)      0.124      0.004

     MAR-6        46.5      52.50       6.0 : (19.69)      0.530      0.017
     MAR-6        76.45     83.35       6.9 : (22.64)      0.845      0.027
     including:   80.3      81.50       1.20 : (3.94)      3.53       0.114
     MAR-6        139.5     157.5      18.0 : (59.06)      0.274      0.009
     including:   154.5     156.0       1.5 : (4.92)       2.55       0.082

MAR-7 Drilled short of target depth; no significant intercepts.

MAR-8 84.0 87.0 3.0 : (9.84) 0.433 0.014 MAR-8 165.0 171.0 6.0 : (19.69) 0.297 0.010

Eight drill holes have been completed to date testing 330 meters (1,080 feet) of strike length along the Marisol structure. The holes were drilled at angles varying from -45° to -90° to assist in determining the dip and potential convergence of two principal mineralized structures.

All drill samples for this program are split in the field and held under appropriate security prior to transport to the ALS-Chemex preparation laboratory in Hermosillo, Sonora. All gold assays are prepared from the split core using 50-gram aliquots and fire assay with AA finish. Silver and 33 other elements are determined by standard ICP analyses. Neither silver nor the base metals (copper/lead/zinc) occur in significant amounts at the Marisol area; however silver and the lead sulfide galena, have been identified in rocks from the La Jarra area.

For additional information, please see the press release, incorporated herein as exhibit 99.1.


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