By NEWS
TSX VENTURE: GNH Pink Sheets: GOLHFJanuary 26, 2012
Golden Hope Intersects 6140 g/t Au (197.4 oz/t Au) of Gold Over 1 Metre at Bellechasse-Timmins, Quebec Montreal, January 26, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) - Golden Hope Mines Limited is pleased to announce further assay results from its Summer/Fall 2011 Drill Campaign in South-eastern, Quebec. The company received results from 3 holes including BD2011-165, 166 and
167.
Result highlights are presented in the table below.
Hole Number | From (m) | To (m) | Length (m) | Au (g/t) |
BD2011-166 | 260 | 385 | 125 | 0.52 |
Including | 353 | 385 | 32 | 1.29 |
BD2011-167 | 282 | 335 | 53 | 0.63 |
Including | 282 | 297 | 15 | 1.50 |
Including | 329 | 335 | 6 | 1.25 |
BD2011-167 | 374 | 380 | 6 | 1024 |
Including | 374 | 375 | 1 | 1.87 |
Including | 375 | 376 | 1 | 6140 |
Including | 376 | 380 | 4 | 0.59 |
The lengths are core length and the assays are uncut.
Hole BD2011-167 was drilled to test a possible extension of
the T1 Zone at depth to the northeast. The hole intersected a
40% quartz-filled breccia with coarse visible gold from 370m
to 377m in the core at a vertical depth of 270m. The section
between 374m and 380m returned above background gold values
including 1 metre that gave a preliminary assay of 6140 g/t
Au (50g gold Fire Assay with gravimetric finish).
The gold assay was confirmed by total pulp metallic treatment
of the entire reject from the preliminary assay. 0.414kg of
reject returned 6060 g/t Au and 0.997 kg of reject returned
6890 g/t Au.
A photo of the core from this intersection was previously
reported in the November
18, 2011 press release and can be viewed at http://cnw.ca/6EnWg
"We are extremely pleased with these latest results. As we
continue our aggressive drill campaign, we keep encountering
significant mineralization. We are working to define the area
around Bellechasse-Timmins and these results combined with
the previous results in the 2011 campaign, provide us with
the motivation to push
forward enthusiastically. Results such as those encountered
in hole 167 are certainly very encouraging and need to be
interpreted within the context of the entire deposit" states
Frank Candido, President, Golden Hope Mines Limited.
Following the exceptional visuals on hole BD2011-167, SGS
recommended two wedges, holes BD2011-167A and BD2011-167B
with the objective of defining the orientation of the
brecciated zone. Samples from the wedges have been shipped to
the SGS Mineral Services laboratory in Toronto for
assaying.
Hole BD2011-165 was drilled to confirm the closing of the T1
Zone to the south west near surface and did not intersect
significant gold values.
Samples were prepared and analyzed at SGS Minerals Services
of Toronto, Ontario (Don Mills laboratory). Analysis for gold
was done on one half of core samples following FAI525 fire
assay procedure .
Golden Hope drilled 27 holes or approximately 12000 metres at
Bellechasse- Timmins in 2011. Including the holes reported
above, the company has 16 of 27 holes from the 2011 campaign
which remain outstanding at Bellechasse-Timmins..
Since January 4, 2012, Golden Hope has currently drilled 3
holes or approximately
1000 metres at Bellechasse-Timmins as part of the Winter 2012
Drill Campaign. The company expects to be drilling throughout
the winter. All outstanding drill results will be reported
when they are received and interpreted.
Claude Duplessis, P.Eng and Claude Bisaillon, P.Eng. are
acting as independent qualified persons (QP) for Golden Hope
in compliance with National Instrument 43-
101 and have reviewed the technical contents of this press
release.
James E. Tilsley, P.Eng is acting as the qualified person
(QP) for Golden Hope in compliance with National Instrument
43-101 and has reviewed the technical contents of this
release.
Forward-Looking Information:
This news release contains certain forward-looking
information as defined in applicable securities laws
(referred to herein as "forward-looking
statements"). Specifically, this news release contains
forward-looking statements regarding the drill results being
incremental to current potential. Forward-looking statements
involve known and unknown risks, uncertainties and other
factors which are beyond
Golden Hope's ability to predict or control and may
cause Golden Hope's actual results, performance or
achievements to be materially different from any of its
future results, performance or achievements expressed or
implied by forward-looking statements. Accordingly, readers
should not place undue reliance on forward-looking
statements. Golden Hope undertakes no obligation to update
publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or
future events or otherwise, except as may be required by
law.
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 southeastern Quebec, Canada. The
company's claim blocks lie within an area that extends
approximately 100 kilometres along the Appalachians of
southern Quebec from near Ste-Lucie-de-Beauregard to about 16
kilometres southwest of Beauceville. The Bellechasse-Timmins
gold deposit lies 5 kilometres southeast of St-Magloire
within the Bellechasse Belt an approximately 18 kilometre
long mineralized area. The Bellechasse-Timmins gold deposit
includes the T1, T2A, T2B, Ascot/Road gold zones, and eight
known parallel gold-bearing breccias in the adjoining 88
Diorite. The company is also working to develop other targets
within its claim blocks including the FSG gold and base metal
target, the St-Luc (Roux) target, Chute du Bras, the LG
showing, Moose Cliff, and Talon. For further information on
Golden Hope Mines Limited please visit www.goldenhopemines.com.
For further information: Golden Hope Mines Limited
Frank Candido : President, Director
514-750-8218 416-864-0175 (FAX)
