Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: Golden Hope Mines Limited is pleased to provide its shareholders with a field...

My congratulations to the BoD for releasing this "field program update".

The NR was very carefully crafted to send several messages to shareholders:

1. "We expect to announce our first resource estimate shortly." As it should be, the BoD reserves the right to release the resource estimate at a time of it's choosing and not to be dictated to by the shareholders. By using the word "shortly" they have bought themselves time to do what they believe is right in terms of adding drill results to the RE. There should be no questions of credibility simply because the RE is not on our computers on April fools day. I anticipate the RE around mid-month (April).

2. " We not only expect to further expand the known deposit through the outstanding drill holes that have not yet been assayed but through continued future drilling as well". I agree with Francis that this is a a significant statement that hints about the visuals that they have seen in the core.....thus their desire to include them in the RE.

3. "We also believe that there is further potential for other gold and base metal deposits throughout our claims and throughout the region".

"The company is also expectantly awaiting assay results on two holes BB2012-04 and BB2012-05 or 705 metres that were drilled approximately 6-8 kilometers south of Bellechasse-Timmins within the belt at the Béland Showing."

The Beland showing was a surface sample containing visible gold. Subsequently SGH technology indicated that the area was gold bearing but subsequent limited drilling was unsuccessful in finding anomolous gold. It is significant that SGS recently decided to further drill test this target.

"The company has also drilled 9 holes or 1,660 metres at the Champagne Zone. The Champagne zone is a known historical VMS deposit, which holds potential for gold, silver and base metals. The company is very encouraged by the visuals observed from the drill core."

"The company flew a VTEM survey in December 2011 to identify additional VMS conductors within the property. The company also acquired additional claims covering extensions of the Champagne horizon that was previously announced in a press release dated January 17, 2012."

The champagne zone is a VMS structure that has a non-compliant resource estimate of 290,000 tonnes of 2.7%Zn, .4% Cu, .45% Pb, 2.4g/t Au and 19.7 g/t Ag. (1995). GWR Resources is also drilling in the vicinity and have reported grades of up to 6.6 g/t gold from past drilling.

Again the NR indicates that the visuals from the champgne zone are "encouraging".To me this is a significant statement to make that indicates that we likely have another significant mineral deposit at Champagne.

IMHO the existance of several distinct mineralized zones of mineralization on the property has the potential to significantly impact the SP. This would be a game changer for GNH.

SN

Share
New Message
Please login to post a reply