Golden Hope Mines' Bulk Sample Program at Bellechasse Property Yields High Grade Gold Results
January 30 2008 - 10:26AM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: GOLHF) today released preliminary
assay results from the fall 2007 bulk sampling program at its
Bellechasse property in the Eastern Townships of Quebec.
A total of 45 consecutive bulk samples were taken, each
representing one metre of trench across the central part of the
Timmins 1 mineralized structure. The initiative was part of a
larger program that also included trenching on Timmins 2 and the
Ascot Vein (see maps at www.goldenhopemines.com).
To date, the company has received results for 38 of the 45
samples from Timmins 1. Results for 25 of these samples range from
27.029 g/t to 0.948 g/t gold and are set out in Table 1 on the next
two pages of this news release.
Complete data for all 38 Timmins 1 samples are posted at the
company's website. When results for the remaining seven Timmins 1
samples and the samples from Timmins 2 are returned, they will be
released in the same manner.
"The preliminary assays from Timmins 1 are very promising and
provide the basis for further exploration," said Louis Hoel,
President and CEO of Golden Hope Mines. "Our claim group in
Bellechasse is rich in targets and offers tremendous potential for
growth."
All 45 samples were crushed so that approximately 95% passed
through a 20 mesh (approximately 850 ï¿1/2) screen. Each sample was
progressively riffle split at the company's onsite sample
preparation facility. The procedure provided two one-kilogram
splits per sample for standard fire assay at Eastern Analytical
Limited in Springdale, Newfoundland.
A total of 28 consecutive samples, representing a width of 28
metres, assayed an average of 4.65g/t gold. The 38 samples for
which results are available give an average grade of 3.56g/t
gold.
Table 1. Fire assay results
from Timmins 1 trench at Bellechasse, Quebec
-------------------------------------------------------------------------
Sample # Horizontal Trench Sample Weight 1kg Au Au Avg.
Interval As Received Sample Grade
------------------
Begin (m) End (m) (kg) Splits (ppb) (g/t)
-------------------------------------------------------------------------
74761 2.00 3.00 81.6 74761-40C 1105 1.251
74761-40D 1397
-------------------------------------------------------------------------
74762 3.00 4.00 76.8 74762-40C 2080 1.955
74762-40D 1830
-------------------------------------------------------------------------
74763 4.00 5.00 90.5 74763-40C 3615 2.623
74763-40D 1630
-------------------------------------------------------------------------
74764 5.00 6.00 90.000 74764-40C 2758 3.069
74764-40D 3379
-------------------------------------------------------------------------
74765 6.00 7.00 96.800 74765-40C 4448 2.922
74765-40D 1395
-------------------------------------------------------------------------
74766 7.00 8.00 81.400 74766-40C 585 0.948
74766-40D 1310
-------------------------------------------------------------------------
74768 9.00 10.00 69.900 74768-40C 1073 1.070
74768-40D 1066
-------------------------------------------------------------------------
74774 15.00 16.00 69.400 74774-40C 34669 27.029
74774-40D 19388
-------------------------------------------------------------------------
74775 16.00 17.00 88.2 74775-40C 2210 1.857
74775-40D 1503
-------------------------------------------------------------------------
74776 17.00 18.00 86.200 74776-40C 7060 6.361
74776-40D 5661
-------------------------------------------------------------------------
74777 18.00 19.00 75.300 74777-40C 1093 1.283
74777-40D 1472
-------------------------------------------------------------------------
74778 19.00 20.00 65.2 74778-40C 16570 13.953
74778-40D 11335
-------------------------------------------------------------------------
74779 20.00 21.00 71.5 74779-40C 7943 9.055
74779-40D 10166
-------------------------------------------------------------------------
74781 22.00 23.00 79.3 74781-40C 1346 1.040
74781-40D 734
-------------------------------------------------------------------------
74782 23.00 24.00 72.3 74782-40C 21648 10.851
74782-40D 54
-------------------------------------------------------------------------
74785 26.00 27.00 72.200 74785-40C 11051 9.288
74785-40D 7524
-------------------------------------------------------------------------
74786 27.00 28.00 96.1 74786-40C 20178 20.366
74786-40D 20553
-------------------------------------------------------------------------
74787 28.00 29.00 75.3 74787-40C 4764 4.244
74787-40D 3724
-------------------------------------------------------------------------
74788 29.00 30.00 62 74788-40C 14323 7.711
74788-40D 1098
-------------------------------------------------------------------------
74789 30.00 31.00 79 74789-40C 5503 3.768
74789-40D 2032
-------------------------------------------------------------------------
74790 31.00 32.00 61.1 74790-40C 1490 1.432
74790-40D 1374
-------------------------------------------------------------------------
74791 32.00 33.00 67.8 74791-40C 977 1.248
74791-40D 1519
-------------------------------------------------------------------------
74792 33.00 34.00 75.21 74792-40C 2376 1.571
74792-40D 765
-------------------------------------------------------------------------
74794 35.00 36.00 77.800 74794-40C 793 1.186
74794-40D 1579
-------------------------------------------------------------------------
74795 36.00 37.00 72.8 74795-40C 1129 1.007
74795-40D 884
-------------------------------------------------------------------------
2008 exploration program
Golden Hope Mines expects to pursue an ambitious schedule of
exploration activities in 2008. Current plans call for crews
to:
- Explore the Timmins deposit and continue to collect data to
permit preparation of an NI 43-101 report;
- Locate and define additional Timmins-type deposits elsewhere
on the Bellechasse property; and
- Explore the newly staked serpentinite targets on
Bellechasse.
"Given the encouraging assay results we have received from
Timmins 1 to date, we believe the potential is there for similar
mineralization elsewhere on the property," said Mr. Hoel.
James E. Tilsley, P.Eng is acting as the qualified person (QP)
for Golden Hope Mines Ltd. in compliance with National Instrument
43-101 and has reviewed the technical contents of this release.
About Golden Hope
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, silver
and base metal projects suitable for underground and/or open-pit
mining. The company's two areas of interest are located in Quebec,
Canada and Maine, U.S. The Bellechasse gold project in Quebec
includes the Timmins and Ascot gold zones, the Coucou volcanic
target and a number of newly claimed serpentinite geological
formations. For further information on Golden Hope, 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 that could cause
actual results to differ materially from those in forward-looking
statements. These include market prices, exploitation and
exploration successes, 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.
Contacts: Golden Hope Mines Ltd. Louis Hoel President (416)
365-3509 (416) 864-0175 (FAX) Email: info@goldenhopemines.com
Website: www.goldenhopemines.com Barnes McInerney Inc. John Vincic
Executive VP, Investor Relations (416) 367-5000 ext. 249 (416)
367-5390 (FAX) Email: jvincic@barnesmcinerney.com
Golden Hope Mines (TSXV:GNH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Golden Hope Mines (TSXV:GNH)
Historical Stock Chart
From Jul 2023 to Jul 2024