Golden Hope Mines Limited Announces Positive Results From Geochemical Analysis on the Timmins Extensions
January 05 2010 - 9:03AM
Marketwired
Golden Hope Mines Limited (TSX VENTURE: GNH)(PINK SHEETS: GOLHF) is
pleased to announce the results of geochemical analysis on the
Timmins extensions in Bellechasse Township, southern Quebec. The
geochemical survey tested areas on strike of the known T1 and T2
mineralized zones for 250 metres to the northeast and 250 metres to
the southwest. The third area investigated lies to the north and
northeast of the Ascot vein, and the fourth about 500m
south-southeast of T1.
All four areas returned good to strong gold indicator responses.
Four anomalies suggest extension of zones known from stripping and
diamond drilling. An additional 8 to 10 anomalies require further
investigation. These include five in previously unexplored grounds
that indicate possible mineralized structures parallel to the T1
and T2 zones.
Golden Hope Mines Limited has also completed collecting soil
samples in the second phase of a soil gas hydrocarbon survey
adjacent to the Timmins gold prospect. The samples are currently
being processed and results are pending.
The just completed sampling fills in between the original four
test areas and gives partial coverage over the known mineralized
zones where soil has not been removed. This work will generate data
to define the extensions of anomalies indicated by the first phase
of the program and test for others. The new map can be viewed on
the companies web site at www.goldenhopemines.com.
Frank Candido, President, Golden Hope Mines Limited states
"These geochemical results not only indicate that the known zones
extend along strike both to the northeast and to the southwest, but
suggest an excellent potential for discovery of additional parallel
zones. Results of the first phase of the program have given several
targets for trenching and diamond drilling which will begin when
the equipment presently working on the FSG area becomes
available."
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 Quebec, Canada. The Bellechasse
gold project in 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.
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 or info@goldenhopemines.com
www.goldenhopemines.com
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