Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Resource Clips Year end review on GNH

http://resourceclips.com/2010/12/29/2010-year-in-review-i/

ResourceClips.com featured a number of companies in 2010. Here’s an update on five of them:

Golden Hope Mines Ltd GNH:CA

Though the Bellechase-Timmins area of Quebec’s southeast Beauce region was, as Golden Hope President Frank Candido observes, the site of “the first Canadian gold rush,” the following 150 years saw it largely untouched. Until now. In September Golden Hope reported assays from its Bellechase Gold Project up to 7.19 g/t gold over 10 metres and 3.68 g/t over 34 metres (including 103 g/t over 1 metre). Candido commented, “We believe that what we have is not just a deposit but an entire belt. Where we’re drilling represents less than 5% of that belt—it’s probably around 1%. We have a nuggety deposit. By that, we know for a fact, that no matter what the assay results are, the average grade will forever be around 2 grams. When we did an 800-tonne bulk sample this year, we came out with an average grade of 3 grams. The grade is probably even better than that — between 3 and 4 grams.”

Golden Hope continues to drill at Bellechase to achieve its objective of proving the first gold resource estimate for southeastern Quebec. Having recently completed a private placement financing of $3.7 million, Golden Hope could be well-positioned to do so.

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