Golden Valley Mines Ltd. announced the receipt from Sirios Resources Inc. of results from five more diamond drill holes, thus completing the series of 11 holes drilled last September on the Cheechoo gold property ("Cheechoo gold project"). All five holes intersected gold-bearing zones with the better intervals as follows: The information that follows has been prepared by partner and program operator Sirios Resources Inc. and has not been independently verified by Golden Valley: "DDH #28: 2.96 g/t Au over 31.5 metres including 4.35 g/t Au over 20.5 metres (zone Jordi) including 75.65 g/t Au over 1.0 metre 7.28 g/t Au over 3.8 metres 1.03 g/t Au over 11 metres (zone I); DDH #24: 4.18 g/t Au over 20.0 metres (zone Jordi) including 86.00 g/t Au over 0.80 metre 2.63 g/t Au over 20.5 metres including 33.33 g/t Au over 1.0 metre 1.58 g/t Au over 16.1 metres (zone K) DDH #29: 1.01 g/t Au over 19.2 metres (zone I) DDH #22: 1.80 g/t Au over 4.75 metres (zone Jordi) DDH #27: 1.06 g/t Au over 9 metres (zone Jordi). Drill hole# 28 has intersected the up-dip extensions of zone Jordi and zone I that were intersected by drill hole #18 with 1.53 g/t Au over 19.5 metres and 2.79 g/t over 22.5 metres respectively; these zones were also intersected at around 30 metres below the hole #18 by hole #20 with 15.61 g/t Au over 9.7 m; 15.04 g/t Au over 12.3 m. Drill hole #24 has also intersected another gold zone, Zone K, yielding 1.58 g/t Au over 16.1 m where the edges seem to have been intersected by drill holes #22 and 27.