Golden Hope Mines Further Extends its Drilling Contract as a Result of Recent Exploration Success
June 03 2010 - 8:30AM
Marketwired
Golden Hope Mines Limited (TSX VENTURE: GNH)(PINK SHEETS: GOLHF) is
pleased to announce that it has once again extended it current
drill contract on its Bellechasse-Timmins property for an
additional 2000m. The company has already completed over 4100m of
drilling in 25 holes. The core from the initial drill campaign of
approximately 2000m in 14 holes announced on April 13 has been
logged, cut and sent out for assaying. Core from the additional
drilling of approximately 2000m in 11 holes announced on April 30
is currently being processed.
"We are greatly encouraged by having intersected quartz veining
in every hole, with some holes showing visible gold as well. We
intend to continue our aggressive drill campaign without
interruption as we work to define the continuations of this deposit
in what looks to be a very large and extensive structure" 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, the size and use of proceeds of the Offering 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts 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 Paradox Public Relations Corporate
Communications 1-866-460-0408
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