Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: NR

I am nowhere near being an expert and I welcome anyone with far more expertise than I to offer comment, but for me, the key part of the news release is this:

T1/T2 zones
"Between November 22, 2010 and February 8, 2011, the company completed 3,455 metres of drilling in 11 holes. The programme tested the on-strike and down-dip extensions of the T1 Zone, the Ascot/Road Zone, and T2 zones. All drill holes intersected the highly prospective quartz veined diorite. Visible gold was observed in holes BD2010-146, BD2011-152, 153, 154, 155 and 156. Visible gold was also observed in multiple locations in holes BD2011-152, 153 and 154.
The visible gold occurrences are shown on the up-dated preliminary drill compilation map which can be viewed on the company's web site at
www.goldenhopemines.com/exploration/bellechase_timmins_gold/maps/. A more detailed interpretation awaits receipt of assays. These holes are logged and sampled and 2451 samples sent for assay."

Frank Candido states: "We are very encouraged by the preliminary drill results from the winter drill campaign. We are especially encouraged by the continued occurrence of visible gold in the core as it provides us with initial evidence of the potential expansion of some of the known zones including T1 and T2 at Bellechasse-Timmins."

The above paragraph lends further evidence of an economical deposit at T1/T2, which I believe they will definition drill asap to get an official NI 43-101 resource estimate done for that. Nonetheless, it will be interesting to see what comes back from those visible gold holes (BD2010-146, BD2011-152, 153, 154, 155 and 156).

Since there are some 2451 samples that will have to undergo full pulp metallic assaying, I think it reasonable to expect further news on this out in April.

Depending on what those results show, they may potentially confirm what appears to be a considerable extension to the known T1 zone, which would add significant tonnage potential to T1/T2 collectively.

88 Zones
"This drilling has extended the 88A Zone and the 88G Zone to the northeast, and has identified two potential gold mineralized zones, one corresponding to the intersection in BD2010-129 and the second corresponding to the visible gold in BD2010-127 and anomalous gold in hole BD2010-134. Additional drilling is required to evaluate these new zones.
The company has posted a complete table of the drill results as well as cross sections from the drill holes on its web site at
. "


As for the 88 Zones, people forget that this is still an exploration zone that is still very much in its infancy and will require a lot more drilling to properly define (possibly 50 more holes?).
http://goldenhopemines.com/exploration/bellechase_timmins_gold/results/

That, in my opinion, should wait until after an official resource estimate on T1/T2 is achieved first and foremost.

That being said, the gold in the 88 zones may very well be more erratically dispersed, geologically speaking, as compared to T2 or T1, and defining how and where it is dispersed within the diorite represents a challenge for later imho.

-Dragon50

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