Golden Hope Mines Ltd. Announces Bulk Sample Results on Its Bellechasse-Timmins Property
March 01 2010 - 10:00AM
Marketwired
Golden Hope Mines Ltd. (TSX VENTURE: GNH)(PINK SHEETS: GOLHF) is
pleased to announce its bulk sample results on the T1 portion of
the Bellechasse-Timmins mineralized zone.
The simple average of values for samples from within the
mineralized portion of the T1 zone exposed at surface is
approximately 3g Au/metric tonne (2.998) using a 0.5g/t cut-off.
The mineralized area exposed at surface has a strike length of
about 100 metres and a maximum width of approximately 48m.
The results from each of the trenches are presented in the table
below;
Zone Trench Sample From To Length Bulk
Number (m) (m) (m) Sample Results
(g/ t Au)
T1 09A 09A #1 0 3 3 0.446
09A #2 3 5 2 2.616
09A #3 5 7 2 2.762
09A #4 7 9 2 8.122
09A #5 9 11 2 10.56
09A #6 11 13 2 5.588
09A #7 13 15 2 1.196
09A #8 15 17 2 2.502
09A #9 17 19 2 5.879
09A #10 19 21 2 8.75
09A #11 21 23 2 2.384
T1 09D 09D #1 0 3 3 0.418
09D #2 3 5 2 0.415
09D #3 5 7 2 0.477
09D #4 7 9 2 0.548
09D #5 9 11 2 6.923
09D #6 11 13 2 2.074
09D #7 13 16 3 1.231
T1 09D1 09D1 #1 0 2 2 1.622
09D1 #2 2 4 2 1.074
T1 09D2 09D2 #1 0 2 2 11.98
09D2 #2 2 4 2 3.578
09D2 #3 4 6 2 2.735
09D2 #4 6 8 2 0.307
09D2 #5 8 10 2 0.127
09D2 #6 10 12 2 0.181
09D2 #7 12 14 2 0.426
09D2 #8 14 16 2 0.084
09D2 #9 16 18 2 0.145
09D2 #10 18 20 2 0.312
09D2 #11 20 22 2 0.607
09D2 #12 22 24 2 0.357
09D2
#13-14 24 28 2 0.962
09D2 #15 28 30 2 0.083
T1 09E 09E #1 2 4 2 0.025
09E #2 4 6 2 0.174
09E #3 6 8 2 0.594
09E #4 8 10 2 0.722
09E #5 10 12 2 3.057
09E #6 12 14 2 1.664
T1 09F 09F #1 0 2 2 0.387
09F #2 2 4 2 0.996
09F #3 4 6 2 1.344
T1 09G 09G #1 2 4 2 0.426
09G #2 4 6 2 0.774
09G #3 6 8 2 0.531
09G #4 8 10 2 0.309
These results help to define the limits of mineralization at
surface and give valuable information to assist in the correlation
of gold values from existing diamond drilling and down-hole hammer
work.
The Company and its geological team are encouraged by this
information which supports earlier work and historical results
suggesting reliability of grade estimators improves with sample
size.
The T1 mineralized zone has been intersected 300m below surface
where diamond drilling shows brecciation of the diorite, frequency
of quartz veining, and gold distribution similar to that observed
near surface in shallower diamond drill intersections.
Brecciation is confined to the competent intrusive rocks.
Mineralization does not extend appreciably into the host sediments.
Exposure of the mineralized diorite of the T1 zone at surface is
limited by intruded sediments both to the southwest and to the
northeast. Geological and geochemical data suggest mineralization
within the diorite extends beneath the sediments in both
directions.
Parallel mineralized zones that lie to the southeast have been
traced for more than 300 metres along strike and are open in both
directions, suggesting a similar strike potential for the T1
zone.
Additional data are posted on the Company website at
www.goldenhopemines.com.
James E. Tilsley, P.Eng. is acting as the qualified person (QP)
for Golden Hope Mines in compliance with National Instrument 43-101
and has reviewed the technical contents of this release.
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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