Golden Hope Mines Begins Stripping and Trenching on the FSG Area
December 29 2009 - 9:01AM
Marketwired
Golden Hope Mines Ltd. (TSX VENTURE: GNH)(PINKS SHEETS: GOLHF) is
pleased to announce that it has begun a program of stripping and
trenching in the FSG Area where soil gas hydrocarbon geochemistry
shows four separate zones of elevated gold indicators. Golden Hope
Mines had previously released the results of the geochemistry
analysis which can be examined on the company's web site at
www.goldenhopemines.com. Three of the gold anomalies have
coincident anomalous base metal responses. The fourth gold anomaly
has a strong parallel base metal response immediately to the
southeast.
The gold anomalies are each about 400m long. Two are open on
strike beyond the surveyed area. All are conformable with the
regional structure however bedrock is obscured by overburden.
Crews using a tracked excavator are exposing the bedrock along
the anomalies to permit mapping and sampling. Further work will
depend on the results obtained.
Regional geophysical data suggest the area overlies a graben
system oriented at approximately N61 degreesE. Magnetic data
indicate a deep-seated igneous intrusion that rises to within 1000
to 2000 metres of the present surface.
The rocks outcropping in the FSG area include black slates
interbedded with tuffaceous sediments deposited during a period of
volcanic activity in a shallow marine environment. These rocks can
host primary mineralization including massive and disseminated
sulphides with base and precious metals. In addition, the
subsequent major intrusion suggests possible metal concentration
through remobilization driven by the heat of the underlying igneous
rocks.
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 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 Quebec includes the Timmins 1, Timmins 2 and Ascot
gold zones, the new FSG volcanic targets and a number of recently
claimed ultra basic/serpentine geological environments. For further
information on Golden Hope Mines, please 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 could cause actual
results to differ materially from those in forward-looking
statements. These include market prices, exploitation and
exploration successes, and 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: Golden Hope Mines Limited Frank Candido President,
Director 514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com info@goldenhopemines.com
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