Chiming in....
posted on
Oct 01, 2011 10:14AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Maybe the longest I've gone without commenting on a NR!
Not for lack of interest mind you, more lack of time.
Couple comments are Frank mentioned to me how there have been a bunch more info on their website. I can see the proposed drill programs and tons of new info on Timmins etc.
http://goldenhopemines.com/exploration/bellechase_timmins_gold/results/campaign_summer_2011/
I also think I remember Frank saying something like SGS thinks the deposit is in the opposite drection of Tilsley...or something to that effect. Regardless of that, if the latest hole is any indication of SGS's ability to find gold, we seem to be headed in right direction.
I also see this chart from the lastest NR. Now, I still maintain that hole 157 was one of the best assay results I have seen in the past 2 years anywhere (I know the grade is higher as per bulk sampling). If we get 1 hole at a time and they are anything remotely close to anything like that, I think we will pleased in the near term. However, I certainly don't expect it.....because that would be crazy, and I think these holes are laid out differently.
Hole ID Drill
Length (m) Zone
BD2011-157 467 T1
BD2011-158 499 T1
BD2011-159 450 T1
BD2011-160 573 T2
BD2011-161 600 T2
BD2011-162 440 88
BD2011-163 578 T1
BD2011-164 519 T1
Total 4126
Champagne Zone? Cool. I guess they have spent some time looking at things and determined this is the best place to go. I wonder if it's Tilsley vs SGS? No matter though, it's good to have differing opinions - usually that's when you get the best results.
Seems like there is lot to come still, and I'm pretty pleased that GNH seems to forging ahead and their stringent cash position has allowed them to do so. The fact that they are where they are means they can drill on the cheap. It's truly hard to believe that this area has been undiscovered to date.
A few more results like hole 157 and we may not be flying under the radar much longer.