Golden Hope Mines Announces Positive Results from the Geochemical Survey in Bellechasse, Quebec
March 04 2010 - 11:00AM
Marketwired
Golden Hope Mines Limited (TSX VENTURE: GNH)(PINK SHEETS: GOLHF)
carried out soil gas hydrocarbon geochemical surveys over and
adjacent to the Bellechasse-Timmins gold deposit in Bellechasse
Township, southeastern Quebec during the fall of 2009 and the early
winter of 2009-2010.
Results of test surveys that covered the possible extensions of
known mineralized zones were reported on January 05, 2009.
Encouraged by those results the Company undertook fill-in soil
sampling in December, 2009 and in January 2010 a program of snow
sampling was completed over areas that had been stripped of soil
and overburden in the early 1990s.
Results from both the fill-in soil sampling and the snow
sampling have been received. A composite interpretation of data
from all three surveys has been prepared and is posted on the
Company website at www.goldenhopemines.com.
Initial interpretation of these data suggest fifteen or more
areas showing anomalous gold indicator responses that warrant
additional exploration. Some of these anomalies overlie the
expected extensions of known gold mineralization and others suggest
previously unknown auriferous structures may be present.
Recent compilation and reinterpretation of existing diamond
drilling data indicate frequent repetition of parallel zones of
brecciation and quartz veining in the diorite intrusives for at
least 500 metres across strike to the southeast of the T1 zone.
Geochemical results from extensions of the sampling grid north of
the St-Joseph road suggest the possibility of similar parallel
structures north and northeast of the T1 and Ascot zones in ground
not yet explored by the Company.
Frank Candido, President, Golden Hope Mines Ltd. states "These
geochemical results indicate a strong possibility that there are
undiscovered parallel mineralized structures both to the northwest
and to the southeast of the T1 and T2 zones. The gold indicator
anomalies to the north of the St-Joseph road lead us into virgin
territory where there is no record of previous prospecting. These
are very encouraging developments that greatly enhance the
exploration potential of this part of the Company's extensive claim
holdings in the Beauce-Bellechasse area. The potential to greatly
expand upon our already identified zones has been significantly
enhanced by these results. These and other targets being worked on
by our exploration team guarantee an exciting field season in
2010."
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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