This NR has not been understood yet. The story is still all about tonnage and the new zone we have intersected can add tonnage in a huge way. In the NR, we said that the new zone, known to the Agoracom crowd as Snow White, is 70m in true thickness and still open. If you look at hole BD-2010-127 on this map http://goldenhopemines.com/_resources/maps/Ascot-timmins-2010-ddh-compilation.pdf we have traced the zone for 200m along strike. We are still waiting for the results from 127 but there was VG at 349m as reported on August 18th. More work is required, but this zone could add at least 40Mt to the equation in which T1 and T2 already account for at least 30Mt and Ascot/Road has been traced for 825m along strike with a thickness of 10-15m. We are still working with the assumption of a depth of 1000m.

We have tonnage. I do not think that getting to our 100Mt mark will be an issue whatsoever as we are still open in all directions. We have not put an end to the strike length of T2 which was extended by 100m today, or Ascot/Road, are unaware of the full magnitude of the 88/Snow White Zone, have not explored towards the N-E on the south side of the Road, have not drilled the large geochem anomaly at the northern end of the Ascot/Road zone, and I could go on.

Todays results are only the beginning of the big picture emerging.

Best regards,

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Sasha Asgary
Director of Corporate Communications