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Friday, May 02, 2008
Golden Harp Resources Acquires Outstanding NSRs
Vancouver - Friday, May 2, 2008 - Golden Harp Resources Inc. (TSXV:GHR) today announced it has purchased two separate, 2% Net Smelter Royalties (NSR) on the Decker and Cook mineral leases within its Copper Hill Project, located approximately 100 km south of Timmins, along Highway 560 between Shining Tree and Gowganda, Northern Ontario. The NSRs were purchased from the estate of Albert Decker for a total purchase price of $20,000 and 100,000 common shares of Golden Harp Resources Inc. The shares are subject to a four-month hold period. Approximately fifty-five percent of the 145 square kilometer Copper Hill Project now has no NSR. The Company will continue to evaluate opportunities to purchase any outstanding NSRs on the property if and when offered by the vendors.
Golden Harp Resources is a Canadian mineral exploration company with an enviable property position, covering 145 km(2) over six townships in the prolific Abitibi Greenstone Belt in Northern Ontario. The 100%-owned Copper Hill project hosts four known gold zones, a series of gold occurrences, a copper zone; and large portions of the property have yet to be evaluated. The Company's strategy is to provide its shareholders with value growth opportunities through the exploration and discovery of new mineral deposits and by building strategic partnerships to maximize the exploration activity and discovery potential of its substantial land holdings. For further information, please visit www.goldenharpresources.com or www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Seamus Young, Chairman
Seamus@goldenharpresources..com
Tel: 604-688-4277 x 223
Natasha Blackburn, President and CEO
natasha@goldenharpresources.com
Tel: 604-688-4277 x 225
Kevin Filo, P.Geo, Senior Geologist
kevin@goldenharpresources.com
Tel: 705-268-0371
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
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Golden Harp Resources Inc.
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EXPLORATION STAGE |
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CODE : GHR.V |
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ISIN : CA3810663078 |
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Golden Harp is a gold exploration company based in Canada. Its main exploration property is COPPER HILL in Canada. Golden Harp is listed in Canada. Its market capitalisation is CA$ 296 400 as of today (US$ 236 987, € 223 472). Its stock quote reached its highest recent level on October 23, 2009 at CA$ 3.00, and its lowest recent point on February 07, 2014 at CA$ 0.02. Golden Harp has 2 470 000 shares outstanding. |