TSX VENTURE: GNH
Pink Sheets: GOLHF
MONTREAL, March 5, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink
Sheets: GOLHF) - Golden Hope Mines Limited is pleased to
announce further significant results from its 2011 drill campaign
in southeastern, Quebec. The
company received results from the wedge holes BD2011-167a and
BD2011-167b.
The two wedges repeat the 53m long intersection of 0.63 g/t Au
found in previously announced hole BD2011-167 with a 56m long
interval of 0.75 g/t Au in BD2011-167a and a 57m long interval of
1.27 g/t Au in BD2011-167b. At its bottom extremity, the
wedge also confirms the previously encountered mineralization found
in BD2011-167 as BD2011-167a intersected 5m of 2.59 g/t Au
including 1m of 12.40 g/t Au. The horizontal extent of this zone is
still under investigation with more drilling planned in the
immediate vicinity.
Result highlights from the wedge holes are presented in tables
below.
|
|
|
|
|
|
|
|
|
|
Hole Number |
From |
To |
Length |
Au (g/t) |
Hole Number |
From |
To |
Length |
Au (g/t) |
BD2011-167a |
282 |
338 |
56 |
0.75 |
BD2011-167 * |
282 |
335 |
53 |
0.63 |
Including |
282 |
299 |
17 |
1.57 |
Including |
282 |
297 |
15 |
1.50 |
Including |
325 |
338 |
13 |
1.02 |
Including |
329 |
335 |
6 |
1.25 |
BD2011-167a |
375 |
380 |
5 |
2.59 |
BD2011-167 * |
374 |
380 |
6 |
1024.00 |
Including |
378 |
379 |
1 |
12.40 |
Including |
374 |
375 |
1 |
1.87 |
|
|
|
|
|
Including |
375 |
376 |
1 |
6140.00 |
|
|
|
|
|
Including |
376 |
380 |
4 |
0.59 |
|
|
|
|
|
|
|
|
|
|
Hole Number |
From |
To |
Length |
Au (g/t) |
Hole Number |
From |
To |
Length |
Au (g/t) |
BD2011-167b |
275 |
332 |
57 |
1.27 |
BD2011-167 * |
282 |
335 |
53 |
0.63 |
Including |
275 |
305 |
30 |
1.57 |
Including |
282 |
297 |
15 |
1.50 |
Including |
314 |
332 |
18 |
1.34 |
Including |
329 |
335 |
6 |
1.25 |
|
|
|
|
|
BD2011-167
* |
374 |
380 |
6 |
1024.00 |
|
|
|
|
|
Including |
374 |
375 |
1 |
1.87 |
|
|
|
|
|
Including |
375 |
376 |
1 |
6140.00 |
|
|
|
|
|
Including |
376 |
380 |
4 |
0.59 |
Table 1: Comparison of wedges
* The results for drill hole BD2011-167 were disclosed in a
January 26 ,2012 press release and
have been included for comparison purposes only. The lengths are
core lengths and the assays are uncut. A copy of the press release
can be obtained on the companies web site at
(http://www.goldenhopemines.com/_resources/news_releases/nr_2012_01_26.pdf).
"The wedges confirm the presence of the mineralized zone of gold
and in particular repeat the previous announced results from hole
167. We are pleased with the amount of important information that
we continue to accumulate as we move closer to our initial goal of
a resource estimate at Bellechasse-Timmins" states Frank Candido, President, Golden Hope Mines
Limited.
Samples were prepared and analyzed at SGS Minerals Services of
Toronto, Ontario (Don Mills laboratory). Analysis for gold was
done on one half of core samples following FAI525 fire assay
routine. SGS introduced standards and blanks in the sequence.
Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified
persons (QP) in compliance with National Instrument 43-101 and have
reviewed the technical contents of this press release.
James E. Tilsley,
P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National
Instrument 43-101 and has reviewed the technical contents of this
release.
Forward-Looking Information
This news release contains certain forward-looking information
as defined in applicable securities laws (referred to herein as
"forward-looking statements"). Specifically, this news release
contains forward-looking statements regarding the drill results
being incremental to current potential. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which are beyond Golden Hope's
ability to predict or control and may cause Golden Hope's actual results, performance or
achievements to be materially different from any of its future
results, performance or achievements expressed or implied by
forward-looking statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update
publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or future
events or otherwise, except as may be required by law.
About Golden Hope Mines Limited:
Golden Hope Mines Limited is a mineral
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of potentially
large-scale gold and base metal projects suitable for underground
and/or open-pit mining. The company's focus is in southeastern
Quebec, Canada. The company's
claim blocks lie within an area that extends approximately 100
kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres
southwest of Beauceville. The
Bellechasse-Timmins gold deposit lies 5 kilometres southeast of
St-Magloire within the Bellechasse
Belt an approximately 18 kilometre long mineralized area. The
Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and the 88 Diorite. The company is also
looking to develop the Champagne zone, a partially explored base
metal and gold deposit that lies within the Company's Bellechasse
Belt claims. A recently completed VTEM survey may identify other
similar targets along the horizon. The company is also working to
develop other targets within its claim blocks including the FSG
gold and base metal target, Chute du Bras, the LG showing, Moose
Cliff, and Talon.For further information on Golden Hope Mines
Limited please visit www.goldenhopemines.com.
Golden Hope Mines Limited
Frank Candido
: President, Director
514-750-8218
416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
Investor Relations USA:
American Capital Ventures
Richard Hull:
305-918-7000
SOURCE Golden Hope Mines Limited