Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: NEWS!!!!!!!

NEWS!!!!!!!

posted on Mar 01, 2010 10:12AM

Golden Hope Mines Ltd. announces Bulk Sample Results on its Bellechasse-

Timmins Property

Toronto, Ontario: Golden Hope Mines Ltd. is pleased to announce its bulk sample results

on the T1 portion of the Bellechasse-Timmins mineralized zone.

The simple average of values for samples from within the mineralized portion of the T1

zone exposed at surface is approximately 3g Au/metric tonne (2.998) using a 0.5g/t cutoff.

The mineralized area exposed at surface has a strike length of about 100 metres and

a maximum width of approximately 48m.

The results from each of the trenches are presented in the table below;

Zone Trench Sample From To Length Bulk

Number (m) (m) (m) Sample Results

(g/ t Au)

T1 09A 09A #1 0 3 3 0.446

09A #2 3 5 2 2.616

09A #3 5 7 2 2.762

09A #4 7 9 2 8.122

09A #5 9 11 2 10.56

09A #6 11 13 2 5.588

09A #7 13 15 2 1.196

09A #8 15 17 2 2.502

09A #9 17 19 2 5.879

09A #10 19 21 2 8.75

09A #11 21 23 2 2.384

T1 09D 09D #1 0 3 3 0.418

09D #2 3 5 2 0.415

09D #3 5 7 2 0.477

09D #4 7 9 2 0.548

09D #5 9 11 2 6.923

09D #6 11 13 2 2.074

09D #7 13 16 3 1.231

T1 09D1 09D1 #1 0 2 2 1.622

09D1 #2 2 4 2 1.074

T1 09D2 09D2 #1 0 2 2 11.98

09D2 #2 2 4 2 3.578

09D2 #3 4 6 2 2.735

09D2 #4 6 8 2 0.307

09D2 #5 8 10 2 0.127

09D2 #6 10 12 2 0.181

09D2 #7 12 14 2 0.426

09D2 #8 14 16 2 0.084

09D2 #9 16 18 2 0.145

09D2 #10 18 20 2 0.312

09D2 #11 20 22 2 0.607

09D2 #12 22 24 2 0.357

09D2 #13-14 24 28 2 0.962

09D2 #15 28 30 2 0.083

T1 09E 09E #1 2 4 2 0.025

09E #2 4 6 2 0.174

09E #3 6 8 2 0.594

09E #4 8 10 2 0.722

09E #5 10 12 2 3.057

09E #6 12 14 2 1.664

T1 09F 09F #1 0 2 2 0.387

09F #2 2 4 2 0.996

09F #3 4 6 2 1.344

T1 09G 09G #1 2 4 2 0.426

09G #2 4 6 2 0.774

09G #3 6 8 2 0.531

09G #4 8 10 2 0.309

These results help to define the limits of mineralization at surface and give valuable

information to assist in the correlation of gold values from existing diamond drilling and

down-hole hammer work.

The Company and its geological team are encouraged by this information which supports

earlier work and historical results suggesting reliability of grade estimators improves with

sample size.

The T1 mineralized zone has been intersected 300m below surface where diamond

drilling shows brecciation of the diorite, frequency of quartz veining, and gold

distribution similar to that observed near surface in shallower diamond drill intersections.

Brecciation is confined to the competent intrusive rocks. Mineralization does not extend

appreciably into the host sediments. Exposure of the mineralized diorite of the T1 zone

at surface is limited by intruded sediments both to the southwest and to the northeast.

Geological and geochemical data suggest mineralization within the diorite extends

beneath the sediments in both directions.

Parallel mineralized zones that lie to the southeast have been traced for more than 300

metres along strike and are open in both directions, suggesting a similar strike potential

for the T1 zone.

Additional data are posted on the Company website at

www.goldenhopemines.com

.

James E. Tilsley, P.Eng. is acting as the qualified person (QP) for Golden Hope Mines in

compliance with National Instrument 43-101 and has reviewed the technical contents of

this release.

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.

Share
New Message
Please login to post a reply