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41.178.398 von Steines am 10.03.11
15:25:20Golden Hope Mines Completes Winter Drilling
and Releases Further Drill Results from the 88 Zone
Golden Hope Mines Limited GNH
3/10/2011 7:30:00 AM
TORONTO, Mar 10, 2011 (Canada NewsWire via COMTEX News Network)
Golden Hope Mines Limited (TSX VENTURE:GNH)(OTCQX:GOLHF) is pleased
to announce that it has completed its 2011 winter diamond drill
campaign on the Bellechasse-Timmins gold deposit on the Bellechasse
Belt of Southeastern Quebec.
Between November 22, 2010 and February 8, 2011, the company
completed 3,455 metres of drilling in 11 holes. The programme
tested the on-strike and down-dip extensions of the T1 Zone, the
Ascot/Road Zone, and T2 zones.
All drill holes intersected the highly prospective quartz veined
diorite. Visible gold was observed in holes BD2010-146, BD2011-152,
153, 154, 155 and 156. Visible gold was also observed in multiple
locations in holes BD2011-152, 153 and 154.
The visible gold occurrences are shown on the up-dated preliminary
drill compilation map which can be viewed on the companys web site
A more detailed interpretation awaits receipt of assays. These
holes are logged and sampled and 2451 samples sent for assay.
Golden Hope is also pleased to report further assay results from
its 2010 gold exploration campaign at the Bellechasse-Timmins gold
deposit in southeastern Quebec. The results reported are from nine
holes drilled in the area of the 88 diorite.
Assay results have been received and the preliminary compilation of
data completed for BD2010-120, 122, 123, 126, 127, 128, 129, 134,
and 138. The results are summarized below.
As reported on February 15, 2011, approximately 55% of the holes
completed in the 88 Diorite show visible gold in the core. This
suggests that the primary gold distribution is similar to that of
the T1 Zone. The bulk sampling programs of 2009/10 and 2010/11 have
both demonstrated that there is a significant increase in grade
through larger samples.
"We are very encouraged by the preliminary drill results from the
winter drill campaign. We are especially encouraged by the
continued occurrence of visible gold in the core as it provides us
with initial evidence of the potential expansion of some of the
known zones including T1 and T2 at Bellechasse-Timmins.
We are also very pleased with the drill results from the 88
diorite. The bulk sample data from the 88 zones reported on March
4, 2011 provided us with further evidence of the potential of the
88 zones. Additional exploration drilling will provide the required
data to further evaluate the currently known eight mineralized
zones" states Frank Candido, President, Golden Hope Mines
Holes BD2010-122 and BD2010-123 were drilled to the southwest of
the 88 diorite to outline the limits of the intrusive. Hole
BD2010-126 tested for the northwestern extension of the 88 diorite.
BD2010-120 and BD2010-129 were drilled to test the northeastern
extent of the 88 diorite.
Hole BD2010-126 (179.0 metres) was completed to test for the
northwestern extension of the 88 diorite and intersected
volcanoclastic rocks of the Etchemin Formation. The hole
intersected a broad zone of brecciated siliceous volcanoclastics
(possible fault) and returned low Au assay results.
Hole BD2010-120 intersected diorite with quartz veins over a core
length of 57.5 metres from 15.6 to 73.1 metres. The highest assay
value from within this zone of veining(the northeast extension of
the 88G Zone) is 4.36 g/t Au over a core length of 1.0 metre from
49.0 to 50.0 metres (estimated true thickness of 0.58 metres).
Hole BD2010-129 intersected 32.05 metres of quartz veining in
diorite from 116.55 to 148.6 metres southeast of the 88H Zone. An
assay of is 1.72 g/t Au over a core length of 1.0 metres (estimated
true thickness of 0.58 metres) was returned from 130.0 to 131.0
Holes BD2010-127 and 128 tested the northern portion of the 88
diorite. Hole BD2010-127 (434.0 metres) intersected quartz veined
diorite between 73.6 to 434.0 metres with visible gold observed in
the core at 385.7 metres. This hole intersected the northeastern
extension of the 88A Zone (0.58 g/t Au over a core length of 21.0
metres between 212.0 and 233.0m (estimated true thickness of 9.58
metres). Within this intersection individual one-metre intervals
assayed up to 3.85 g/t Au.
Hole BD2010-128 (245.0 metres) intersected quartz veined diorite
between 52.45 and 138.45 metres and also from 190.55 to 195.6
metres, with visible gold observed in the core at 54.15 metres. The
interval from 108.0 to 111.0 metres averaged 1.16 g/t Au over a
core length of 3.0 metres (estimated true thickness of 1.21
metres). and appears to be from a previously unknown zone.
Samples taken from intervals with visible gold in holes BD2010-127
and 128 returned low assay results (<0.08 g/t Au).
Hole BD2010-134 (186.6 metres) tested the up dip projection of the
quartz veining that hosted visible gold in hole BD2010-127 and
shows quartz veined diorite between 110.17 and 161.93 metres.
Anomalous Au assay results up to 1.33 g/t Au over a core length of
2.0 metres (estimated true thickness of 1.15 metres) from 128.0 to
130.0 metres were returned from the sampling.
Hole BD2010-138 (253.0 metres) tested the Soil Gas Hydrocarbon
geochemical anomaly located north of the Ascot/Road Zone. This hole
intersected 98.75 metres of quartz veined diorite but returned no
This drilling has extended the 88A Zone and the 88G Zone to the
northeast, and has identified two potential gold mineralized zones,
one corresponding to the intersection in BD2010-129 and the second
corresponding to the visible gold in BD2010-127 and anomalous gold
in hole BD2010-134. Additional drilling is required to evaluate
these new zones.
The company has posted a complete table of the drill results as
well as cross sections from the drill holes on its web site at
A copy of the map and table may also be obtained by contacting
Sasha Asgary of Golden Hope Mines at 514-750-8218.
The company uses Activation Laboratories Limited in Ancaster
Ontario for all assays. Actlabs is accredited to the international
standard of ISO 17025 for gold analysis. All of the drill core
samples sent to the Actlabs undergo initial Fire Assay treatment.
Due to the presence of visible gold, any initial results over a
selected threshold Au are re-assayed using total pulp metallic
treatment. The Golden Hope procedure requires crushing, pulverizing
and sieving the entire sample of approximately two kilograms. This
company protocol can lead to delays in both receiving and reporting
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.
About Golden Hope Mines Limited: Golden Hope 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 Quebec, Canada.
The Bellechasse gold project in Southeastern Quebec includes the
Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic
environment targets and a number of recently claimed ultra
basic/serpentine bodies. For further information on Golden Hope
Mines Limited please visit www.goldenhopemines.com.