News out this AM
posted on
Nov 05, 2009 01:11PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
NEWS
TSX VENTURE: GNH
PINKS SHEETS: GOLHF
Toronto, Ontario: November 05, 2009
Golden Hope Mines Completes Trenching and Bulk Sampling on its Bellechasse
(Timmins) Gold Deposit.
Golden Hope Mines Limited is pleased to announce the completion of a trenching and
bulk sampling program on the T1 and T2 gold-bearing zones of the Bellechasse
(Timmins) Gold deposit.
A total of seven new trenches were blasted across portions of the T1 and T2 mineralized
zones. The 2007 Rico trench was re-sampled as part of the current study. 84 bulk
samples ranging from ~5 to ~15 tonnes each were recovered. The majority of samples
represented 2 meter advances across the strike of the mineralization: Several 3 metre
samples were collected where field conditions dictated. The trenches can be viewed on
the company’s web site at www.goldenhopemines.com/UserFiles/BC_min_zones.pdf.
A mobile crushing and screening plant set up on the property processed each individual
bulk sample to 100% passing ~380mm. All samples are archived on the property in a
prepared area and each sample is marked and mapped to permit re-sampling if required.
Five ~25kg sub-samples were collected from each lot for further size reduction to ~95%
passing 6mm. This product is riffled to yield two ~1 kg cuts for total pulp metallic
treatment in a commercial assay laboratory. The first several lots of these samples have
already been shipped for analysis. Additional shipments are following on a regular basis.
In addition, 84 ~75kg to 100kg trench-bottom samples corresponding to the bulk samples
were collected. Each of these was crushed to -6mm and riffled to yield two ~1kg splits
for total pulp metallic treatment. All of these samples have already been processed and
shipped to Activation Laboratories Ltd for analysis. Results are pending.
Golden Hope Mines is working toward developing reliable grade data that will permit
preparation of resource estimates.
Bulk sample photos can be viewed at www.goldenhopemines.com/gallery.php.
James Tilsley, P. Eng., has prepared and reviewed the technical content in this news
release and is a qualified person (QP) for Golden Hope Mines in compliance with
National Instrument 43-101.
About Golden Hope Mines Ltd.
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 Quebec, Canada. The Bellechasse gold project in Quebec
includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic targets
and a number of recently claimed ultra basic/serpentine geological environments. For
further information on Golden Hope Mines, please 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 could cause actual results to differ materially from those in
forward-looking statements. These include market prices, exploitation and exploration successes,
and 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release.