TSX VENTURE: GNH
Pink Sheets: GOLHF
MONTREAL, March 19, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink
Sheets: GOLHF) - Golden Hope Mines Limited is pleased to
announce further significant results from its 2011 drill campaign
in southeastern, Quebec. The
company is pleased to present the following highlights from holes
BD2011-178, 179 and 180.
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| Hole Number |
From |
To |
Length
(m) |
Au
(g/t) |
|
Hole Number |
From |
To |
Length
(m) |
Au
(g/t) |
| BD2011-178 |
64 |
66 |
2 |
0.61 |
|
BD2011-179 |
129 |
162 |
33 |
1.05 |
| BD2011-178 |
177 |
225 |
48 |
0.48 |
|
Including |
136 |
139 |
3 |
1.17 |
| Including |
177 |
178 |
1 |
2.51 |
|
Including |
140 |
148 |
8 |
2.80 |
| Including |
190 |
195 |
5 |
0.73 |
|
Including |
151 |
153 |
2 |
1.05 |
| Including |
207 |
208 |
1 |
1.88 |
|
BD2011-180 |
22 |
80 |
58 |
0.85 |
| Including |
214 |
225 |
11 |
0.77 |
|
Including |
22 |
31 |
9 |
1.68 |
| BD2011-178 |
238 |
301 |
63 |
0.51 |
|
Including |
41 |
47 |
6 |
3.22 |
| Including |
258 |
266 |
8 |
0.71 |
|
Including |
54 |
58 |
4 |
1.00 |
| Including |
272 |
279 |
7 |
1.45 |
|
Including |
67 |
71 |
4 |
0.87 |
| Including |
286 |
293 |
7 |
1.62 |
|
Including |
76 |
78 |
2 |
1.05 |
| Including |
299 |
301 |
2 |
0.65 |
|
BD2011-180 |
108 |
125 |
17 |
0.50 |
| BD2011-179 |
13 |
18 |
5 |
0.66 |
|
Including |
114 |
120 |
6 |
0.58 |
| Including |
13 |
14 |
1 |
1.48 |
|
Including |
121 |
125 |
4 |
0.79 |
| BD2011-179 |
27 |
56 |
29 |
1.33 |
|
BD2011-180 |
149 |
190 |
41 |
0.62 |
| Including |
27 |
35 |
8 |
0.87 |
|
Including |
149 |
161 |
12 |
1.03 |
| Including |
39 |
44 |
5 |
2.13 |
|
Including |
173 |
176 |
3 |
1.50 |
| Including |
46 |
56 |
10 |
2.08 |
|
Including |
184 |
190 |
6 |
0.98 |
| BD2011-179 |
109 |
115 |
6 |
0.85 |
|
BD2011-180 |
253 |
275 |
22 |
0.85 |
| Including |
109 |
110 |
1 |
1.55 |
|
Including |
253 |
257 |
4 |
3.89 |
| Including |
114 |
115 |
1 |
1.67 |
|
Including |
274 |
275 |
1 |
1.45 |
Table 1: Result highlights from
BD2011-178 to 180
Hole BD2011-178 intersected 48 metres of 0.48 g/t
Au including 5 metres of 0.73 g/t Au and also intersected 63 metres
of 0.51 g/t Au including 7 metres of 1.45 g/t Au and 7 metres of
1.62 g/t Au. Hole BD2011-179 intersected 29 metres of 1.33
g/t Au including 5 metres of 2.13 g/t Au and 10 metres 2.08 g/t
Au. Hole BD2011-179 also intersected 33 metres of 1.05 g/t Au
including 8 metres of 2.80 g/t Au. Hole BD2011-180
intersected 58 metres of 0.85 g/t Au including 9 metres of 1.68 g/t
Au and 6 metres of 3.22 g/t Au. Hole BD2011-180 also
intersected 41 metres of 0.62 g/t Au including 12 metres of 1.03
g/t Au.
"We are very pleased with the drill data generated so far from
the 2011 campaign. The near surface significant results are also
extremely encouraging. These latest results will continue to
contribute to the calculation of our first resource estimate. Our
team in Ste Justine is working
diligently to process the core for assaying as quickly as possible"
states Frank Candido, President,
Golden Hope Mines.
Bellechasse-Timmins Exploration Update:
There are currently 5 holes at the SGS Labs in Toronto (BD2011-181, 182, and BD2012-183,184,
and 185).
There are also 10 holes or approximately 3300 metres of drill
core that are in different stages of being logged, cut and prepared
for shipping to the lab at our St-Magloire facility. These holes include
BD2012-186, 187, 188, 189, 190, 191, 192, 193, 194 and Béland
05).
The drill crew has left the property as the company is taking a
small break from drilling to catch up to the data generated to date
and focus on processing the core currently outstanding for
assaying. The near term plan includes the publication of the
company's first resource estimate as well as preparing an extensive
Spring 2012 drill campaign at Bellechasse-Timmins and throughout
our property in southeastern, Quebec.
Samples were prepared and analyzed at SGS Minerals Services of
Toronto, Ontario (Don Mills laboratory). Analysis for gold was
done on one half of core samples following FAI525 fire assay
routine. SGS introduced standards and blanks in the sequence.
Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified
persons (QP) in compliance with National Instrument 43-101 and have
reviewed the technical contents of this press release.
James E. Tilsley,
P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National
Instrument 43-101 and has reviewed the technical contents of this
release.
Forward-Looking Information
This news release contains certain forward-looking information
as defined in applicable securities laws (referred to herein as
"forward-looking statements"). Specifically, this news release
contains forward-looking statements regarding the drill results
being incremental to current potential. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which are beyond Golden Hope's
ability to predict or control and may cause Golden Hope's actual results, performance or
achievements to be materially different from any of its future
results, performance or achievements expressed or implied by
forward-looking statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update
publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or future
events or otherwise, except as may be required by law.
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 southeastern
Quebec, Canada. The company's
claim blocks lie within an area that extends approximately 100
kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres
southwest of Beauceville. The
Bellechasse-Timmins gold deposit lies 5 kilometres southeast of
St-Magloire within the Bellechasse
Belt an approximately 18 kilometre long mineralized area. The
Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and the 88 Diorite. The company is also
looking to develop the Champagne zone, a partially explored base
metal and gold deposit that lies within the Company's Bellechasse
Belt claims. A recently completed VTEM survey may identify other
similar targets along the horizon. The company is also working to
develop other targets within its claim blocks including the FSG
gold and base metal target, Chute du Bras, the LG showing, Moose
Cliff, and Talon. For further information on Golden Hope Mines
Limited please visit www.goldenhopemines.com.
Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
Investor Relations USA:
American Capital Ventures
Richard Hull:
305-918-7000
SOURCE Golden Hope Mines Limited