NEWS!!!!!!!
posted on
Mar 01, 2010 10:12AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
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
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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.