Golden Hope Announces Its First Phase 2010 Drill Campaign
April 13 2010 - 8:30AM
Marketwired
Golden Hope Mines Limited (TSX VENTURE: GNH)(PINK SHEETS: GOLHF) is
pleased to announce that the first 2000m phase of the 2010 field
season diamond drilling program on its properties in the
Bellechasse-Beauce area of southeastern Quebec began today.
Favourable snow conditions permit this early start at the
Bellechasse-Timmins deposit, where substantial tonnage of
gold-bearing quartz-filled breccias in diorites have been outlined
during the past three years.
This initial 16-hole program is designed to follow the
extensions of previously investigated zones (T1 and T2A&B) to
the northeast and to the southwest, and to further explore the
other 8 parallel zones that are known from surface exposures and
diamond drilling.
Work to date has located mineralized zones within an area 300m
along strike and confirmed that parallel structures repeat in the
Bellechasse-Timmins diorite for at least 600m across the 045
degrees regional structural trend. Our data indicate additional
parallel zones may occur both to the northwest and to the southeast
of the explored area. The strike length of each of the known
breccia zones remains to be established.
Soil gas hydrocarbon geochemistry completed early this year
suggests more than a dozen additional drill targets in the
immediate vicinity of the T1 and T2 zones, and several more in
previously unexplored ground.
Diamond drilling elsewhere on the properties will begin toward
the end of the month after completion of this first phase of the
drilling program when improved field conditions are expected to
allow access to more remote sites.
"We are extremely excited about the exploration season ahead.
Our accumulated knowledge of both the property and the deposit
permits us to target our program and deliver results much more
efficiently. The Timmins deposit keeps getting bigger and our
expectations have increased accordingly." states Frank Candido,
President, Golden Hope Mines Limited.
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 416-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com or info@goldenhopemines.com
www.goldenhopemines.com
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