Golden Hope Mines Begins Drill Program on its Riviere des Plantes Project
October 15 2008 - 8:30AM
Marketwired
GOLDEN HOPE MINES LTD. (TSX VENTURE: GNH)(PINK SHEETS: GOLHF):
Golden Hope Mines announces the transfer of its diamond drill rig
from the Timmins gold deposit to its Riviere des Plantes
serpentinite target located in Bellechasse - Chaudiere Quebec.
The property was acquired in June of 2008 (see news release of
June 17th). Subsequently, Golden Hope acquired additional
continuous claims around the property.
The Riviere des Plantes property covers the strike extension of
the serpentinites identified north of the Bellechasse gold belt and
is an extension into the historic Beauce alluvial gold camp. It is
contiguous with the 1200 claims the company already holds in the
area. An unknown quantity of gold and platinum was extracted from
the black sand-rich gravels in the lower stretches of Riviere des
Plantes.
Prospecting by Vendittelli and Gartner in 2001 identified
elevated levels of PGE in the exposed serpentinized ultramafic
rocks on the north side this property (up to 1.3 gm/t Pt in grab
samples).
The property is drill ready. The drill will test IP/resistivity
anomalies in a silicified zone within the melange where previous
drilling is reported to have found gold.
The company has planned a series of holes to test these
anomalies as well as several other targets.
Timmins Gold Deposit:
The current phase of the drill program on Timmins 2 is now
completed. 14 holes have been drilled for a total of 2,226 metres
(7,301 feet).
The core is currently being logged, cut, sampled and sent to
Eastern Analytical Limited for standard fire assay. Results will be
released when received, compiled and interpreted.
The Company has also started its rock trenching program on
Timmins 2 to expose and sample the mineralized zone. The 2008
drilling has confirmed our expectations on structure and
mineralization for Timmins 2. The trenching will allow bulk
sampling to test the grade at surface.
About Golden Hope Mines Ltd.
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, silver
and base metal projects suitable for underground and/or open-pit
mining. The company's two areas of interest are located in Quebec,
Canada and Maine, U.S.A. The Bellechasse gold project in Quebec
includes the Timmins and Ascot gold zones, the Coucou volcanic
target and a number of newly claimed serpentinite geological
formations. For further information on Golden Hope, visit
www.goldenhopemines.com.
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the company expects are
forward-looking statements. Although the company believes the
expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements. These include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
For more information on the company, investors should review
registered filings at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Investor Relations: Auburn Partners (647) 430-8760
Golden Hope Mines Limited Louis Hoel President (416) 362-3509 (416)
864-0175 (FAX) Email: lhoel@goldenhopemines.com or
info@goldenhopemines.com Website: www.goldenhopemines.com
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