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VANCOUVER , Dec. 6, 2011 /CNW/ -
Golden Hope Mines (TSX VENTURE: GNH)(OTCQX: GOLHF.PK - News) - Golden Hope Mines Limited is pleased to announce further significant results from its Summer/Fall Drill Campaign in Southeastern, Quebec .
Hole BD2011-162 intersected 112 metres of 1.33g/t Au including 13 metres of 7.01 g/t Au, 18 metres of 1.47 g/t Au and 14 metres of 1.07 g/t Au in the 88 zone.
Result highlights from the 3 latest holes (BD2011-161, 162 and 163) are presented below.
| Hole Number |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
| BD2011-161 |
104 |
145 |
41 |
0.70 |
| Including |
138 |
145 |
7 |
1.60 |
| BD2011-162 |
152 |
264 |
112 |
1.33 |
| Including |
170 |
184 |
14 |
1.07 |
| Including |
209 |
222 |
13 |
7.01 |
| Including |
232 |
250 |
18 |
1.47 |
| BD2011-163 |
294 |
319 |
25 |
0.96 |
| Including |
313 |
319 |
6 |
2.16 |
The lengths are core length and the assays are uncut. Hole 161 and 163 are on T1 & T2 zones while hole 162 is in the 88 (diorite) Zone.
"Today's results clearly demonstrate that there are excellent intersections outside of the already known T1 and T2 zones. Hole 162 confirms previous work completed in the 2010 drill campaign in the 88 zone and further establishes that part of the intrusive complex as an area of immediate focus to the company. There is considerable gold at Bellechasse-Timmins and the results continue to motivate us to push on further as we work towards our first resource estimate", states Frank Candido , President, Golden Hope Mines Limited.
Of the initial 8-hole diamond drill program at Bellechasse-Timmins T1, T2 and 88 (diorite) Zone, 5 have already been reported on September 12 th and November 21 st and can be found at http://www.goldenhopemines.com/news/news_releases/
On November 21, 2011 , Golden Hope released results from drill hole BD2011-159 which yielded a 9 metres core length grading 3.13 g/t Au, Hole BD2011-163 confirmed extension of mineralized zone with 6 meters at 2.16 g/t Au. Hole BD2011-160 which yielded 50 meters grading 0.70 g/t Au, hole BD2011-161 confirmed extension of mineralized zone with 41 meters grading 0.70.
Hole BD2011-162, which aimed at validating a 13 meters zone grading 9.24 g/t Au in hole BD2010-117 (from 260m to 273m), confirmed the zone, the grade and increased its size.
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.
Quality Assurance and Quality Control (QA/QC):
SGS introduced standards and blanks in the sequence. These blanks were null and these standards were within acceptable limits (10% of expected value).
Claude Duplessis , Eng and Claude Bisaillon , Eng. are acting as qualified persons (QP) for Golden Hope 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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. The company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, the St-Luc (Roux) target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
