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Golden Hope Announces Drill Update
TSX VENTURE: GNH
PINK SHEETS: GOLHF
December 1, 2010
TORONTO, ONTARIO - Golden Hope (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to
announce its latest exploration drill update on the Bellechasse-Timmins Gold
deposit in south eastern Quebec.
- 2010 Drill Campaign to
date: 59 holes - 14,345 metres
- Drill Results Outstanding: 30 holes - 9,092
metres
- Proposed Drilling to year
end: 7 holes � 1,570 metres
- 6 of 7 holes proposed for
Laval�s Mountain Target, 9.2km north
The company's 2010 diamond drill campaign at
Bellechasse-Timmins began on April 13, 2010. As of Monday, November 30, the
company has completed 59 holes for 14,345.6 meters of drilling.
The company is currently drilling BD2010-149. 56
holes have been drilled in the immediate area of the Bellechasse-Timmins
deposit, which include holes BD2010-93 through BD2010-148.
The company has yet to report assay results for 30
of the 59 holes drilled in the immediate area of the Bellechasse-Timmins Gold
deposit. These results will be reported as soon as the geological team
receives, compiles and interprets the results.
Mineralization at the Bellechasse-Timmins Deposit
has been followed for 825 metres along strike and 650 metres across strike,
and is open both to the northeast and to the southwest, as well as to depth.
3 holes, BB2010-01 to BB2010-03, were drilled at the
Beland 2009 Anomaly, approximately 6.2 km south of the Bellechasse-Timmins
Deposit.
Of the 7 holes currently proposed to year end, 6
holes or about 1320 metres are planned at Laval�s Mountain, a target which
lies approximately 9.2 km to the northeast of Bellechasse-Timmins.
These proposed drill holes would further test the
hypothesis that Bellechasse-Timmins style mineralization may exist elsewhere
within the Bellechasse Belt claims in Southeastern Quebec. The company
is highly encouraged by the results to date and will continue to investigate
selected areas within the Bellechasse Belt for evidence of similar auriferous
quartz-filled breccias and veins.
A map of the drill holes has been is available on
the company�s web site at www.goldenhopemines.com/explortion/bellechase_timmins_gold/maps
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.
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 the Bellechasse/Beauce
Region of Quebec, Canada. The Bellechasse gold project in Quebec includes the
Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic environment
targets and a number of recently claimed ultra basic/serpentine bodies. For further
information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
Forward-Looking
Information:
This press 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, the size and use of
proceeds of the Offering 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.
For
more information, please contact
Golden Hope Mines Limited
Frank Candido
President, Director
514-750-8218
416-864-0175 (FAX)
fcandido@goldenhopemines.com
or info@goldenhopemines.com
www.goldenhopemines.com
or
Paradox Public Relations
Corporate Communications
1-866-460-0408
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