| | Published : December 15th, 2008 | MC Zone Demonstrates Higher Grade Potential, GH-019 Returns 14.29 g/t Gold Over 2 Meters |
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NEWS RELEASE |
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Monday, December 15, 2008 Golden Harp's MC Zone Demonstrates Higher Grade Potential, GH-019 Returns 14.29 g/t Gold Over 2 Meters
Vancouver - December 15, 2008 -- Golden Harp Resources Inc. (TSXV:GHR) today announced assay results from the remaining four holes from the recent drill program (6 holes, 1623.4 metres) at the Company's 100%-owned Copper Hill gold property in Northern Ontario. All of the holes drilled to date on the MC Zone by Golden Harp have intersected a significant number of broad low grade gold intercepts suggesting potential for a near surface bulk tonnage deposit and/or the presence of a mineralized halo proximal to higher grade mineralization along strike or at depth. The highlight of the program was the intersection of 14.29 g/t gold over 2 metres (including 20.30 g/t gold over 1 metre) in GH-019, from within a large brittle deformation zone a short distance west of the collars of GH-023 & GH-025, which demonstrates the potential for higher grade mineralization in the system.
"The MC Zone continues to captivate our attention. The information obtained to date continues to validate our exploration model and justifies ongoing exploration and drilling in this area," said Natasha Blackburn, President and CEO.
The program established that gold mineralization is associated with two specific rock types; fuchsitic ultramafics, and hematitic altered felsic volcanics. Both of these units are transected or proximal to a large northerly trending brittle deformation zone, likely related to the gold mineralization, as gold is found within the deformation zone itself. The east/west extent of the deformation zone varies greatly, hole GH-018 collared in the deformation zone and bottomed in it.
The aforementioned rock types represent a series of thick sequences that are repeated a number of times, with broad low grade gold intercepts, suggesting the potential for a series of mineralized zones of interest.
The program determined that there is an excellent correlation between the sulphide mineralization and gold; both of which are directly associated with strong surface induced polarization (IP) geophysical responses. The Company has only evaluated an area 400 metres by 220 metres to date and continued drilling is definitely warranted as the full extent of the known geophysical targets have not been tested.
In addition, the compilation and interpretation of regional airborne geophysics, recent prospecting, and drilling conducted by Golden Harp, along with historical surface trenching and drilling suggests that the immediate target area of the MC Zone represents 550 metres by 360 metres, within a much larger regional area of interest covering 3.5 km by 3.5 km. This broader area is known to contain similar geology to that found in and around the MC Zone including very prospective packages of ultramafics, which are associated with numerous historical gold occurrences. This favourable area has not undergone IP or MMI soil surveys to date and requires further exploration to effectively evaluate its gold potential.
Three holes (GH-017, GH-018, GH-019) were completed on the MC Zone and one hole, GH-006 on an IP anomaly proximal to the Cook Zone. The Company also reported a series of metallic gold assay checks from several sample intervals from MC Zone drill holes GH-025 and GH-023 from the spring program. Results are included in table format below.
COLLAR CO-ORDINATE TABLE
Hole No. |
Collar UTM Location |
Azimuth (Degrees) |
Dip (Degrees) |
Final Depth (Metres) |
GS-025 |
494081E 5278520N |
90 |
-45 |
273 |
GS-023 |
494056E 5278483N |
90 |
-45 |
352 |
GS-019 |
493941E 5278463N |
90 |
-45 |
570 |
GS-018 |
494066E 5278682N |
90 |
-45 |
328.5 |
GS-017 |
493946E 5278520N |
90 |
-45 |
441 |
GS-006 |
493508E 5278816N |
62 |
-45 |
125 |
A drill-hole plan map is available at http://www.goldenharpresources.com/i/pdf/MC-Zone-Maps.pdf
FALL 2008 - SIGNIFICANT DRILL RESULTS TABLE
Hole # |
From |
To |
Metres |
Au (g/t) |
Comment |
GH-019 |
33.50 |
34.50 |
1.00 |
2.31 |
Spinifex textured ultramafic with sulphide |
|
|
|
|
|
|
|
74.90 |
76.60 |
1.70 |
1.00 |
Hematic altered diorite intrusive with pyrite |
|
|
|
|
|
|
|
139.00 |
146.00 |
7.00 |
4.50 |
Ultramafic/Altered Felsic Fragmental Contact |
includes |
144.00 |
146.00 |
2.00 |
14.29 |
Ultramafic with pyrite with deformation zone |
includes |
145.00 |
146.00 |
1.00 |
20.30 |
Ultramafic with pyrite with deformation zone |
|
|
|
|
|
|
|
172.00 |
193.80 |
21.80 |
0.36 |
Hem. Felsic Frag., pyrite in deformation zone |
includes |
172.00 |
182.00 |
10.00 |
0.54 |
|
includes |
172.00 |
176.00 |
4.00 |
0.88 |
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|
|
|
|
|
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|
216.50 |
267.50 |
51.00 |
0.39 |
Altered Felsic Fragmental, sulphide, dykes |
includes |
263.00 |
267.50 |
4.50 |
1.20 |
|
|
|
|
|
|
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|
284.50 |
305.00 |
20.50 |
0.68 |
Altered Felsic Frag / Ultramafic Contact |
includes |
284.50 |
292.15 |
7.65 |
1.14 |
|
|
|
|
|
|
|
|
327.00 |
328.60 |
1.60 |
2.42 |
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|
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|
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358.55 |
366.00 |
7.45 |
0.43 |
Altered Felsic / Fuchsitic Ultramafic Contact |
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|
|
|
|
|
432.00 |
456.00 |
24.00 |
0.62 |
Altered Felsic Fragmental with pyrite & veins |
includes |
436.00 |
447.20 |
11.20 |
1.00 |
|
|
445.00 |
447.20 |
2.20 |
3.32 |
|
|
|
|
|
|
|
|
523.85 |
524.15 |
0.30 |
1.43 |
Fuchsitic Ultramafic |
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|
|
|
|
|
|
535.50 |
537.20 |
1.70 |
1.01 |
Fuchsitic Ultramafic |
GH-018 |
12.30 |
34.00 |
21.70 |
0.44 |
Siliceous Hematitic Felsic Fragmental |
includes |
22.59 |
34.00 |
11.41 |
0.55 |
|
includes |
23.00 |
29.00 |
6.00 |
0.71 |
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|
|
|
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|
151.00 |
152.00 |
1.00 |
2.06 |
|
|
|
|
|
|
|
|
162.00 |
223.80 |
61.80 |
0.43 |
Altered Felsic Fragmental & Minor Intrusives |
includes |
166.20 |
174.00 |
7.80 |
0.74 |
|
includes |
182.00 |
196.30 |
14.30 |
0.54 |
|
includes |
191.00 |
195.80 |
4.80 |
0.82 |
|
includes |
214.75 |
223.80 |
9.05 |
0.54 |
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239.15 |
239.90 |
0.75 |
1.99 |
|
|
|
|
|
|
|
|
243.00 |
243.75 |
0.75 |
1.36 |
|
|
|
|
|
|
|
|
272.10 |
285.00 |
12.90 |
0.49 |
Altered Felsic Fragmental with Sulphide |
includes |
272.10 |
281.30 |
9.20 |
0.57 |
|
|
|
|
|
|
|
|
289.60 |
290.20 |
0.60 |
1.16 |
|
|
|
|
|
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|
GH-017 |
72.80 |
73.70 |
0.90 |
1.22 |
|
|
|
|
|
|
|
|
199.00 |
200.00 |
1.00 |
1.82 |
|
|
|
|
|
|
|
|
221.60 |
234.15 |
12.55 |
0.43 |
Altered Felsic Fragmental; Pyrite & Qtz Veins |
|
225.00 |
227.10 |
2.10 |
1.10 |
|
|
|
|
|
|
|
|
310.75 |
331.00 |
20.25 |
0.52 |
Ultramafic/Altered Felsic Fragmental Contact |
|
310.75 |
319.20 |
8.45 |
0.77 |
Fuchsitic Ultramafic/Altered Felsic Fragmental |
|
310.75 |
315.00 |
4.25 |
1.30 |
|
|
310.75 |
313.29 |
2.54 |
1.94 |
|
|
|
|
|
|
|
|
390.00 |
413.45 |
23.45 |
0.57 |
Felsic to Int. Mafic Frag. Qtz Veins & Pyrite |
includes |
399.50 |
408.75 |
9.25 |
0.71 |
|
|
|
|
|
|
|
|
423.55 |
424.60 |
1.05 |
1.19 |
|
|
|
|
|
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|
GH-06 |
|
|
|
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Cook Zone Area Anomaly, No significant values | *Lengths shown are core lengths as true widths cannot be determined at this time. In addition to the drill results for the fall program included above, the Company re-assayed, using a total metallics fire assay method, a number of intervals from the original discovery holes (GH-025 and GH-023) on the MC Zone, as a check. For the most part the results were very similar to the original assay results. Checks were also carried out on certain sections outside the documented mineralized intervals and again no significant changes were noted.
Metallic Gold Assay Table with Original Fire Assay Interval for Comparison Purposes*Lengths shown are core lengths as true widths cannot be determined at this time.
Hole |
From |
To |
Metres |
Fire Assay Au (g/t) |
Metallic Assay Au (g/t) |
Comment |
GH-025 |
8.5 |
9.15 |
0.65 |
0.95 |
NA |
No metallics completed on original |
|
29 |
39 |
10 |
0.43 |
0.42 |
|
|
61.5 |
116.4 |
54.9 |
0.88 |
0.78 |
|
includes |
61.5 |
105.25 |
43.75 |
1.02 |
0.90 |
|
includes |
88 |
104 |
16 |
1.67 |
1.42 |
|
includes |
88 |
98 |
10 |
2.25 |
1.96 |
|
|
92 |
96 |
4 |
3.54 |
3.32 |
|
|
226.62 |
234 |
7.38 |
0.71 |
NA |
No metallics completed on original |
Metallic Gold Assay Table with Original Fire Assay Interval for Comparison Purposes*Lengths shown are core lengths as true widths cannot be determined at this time.
Hole |
From |
To |
Metres |
Fire Assay Au (g/t) |
Metallic Assay Au (g/t) |
Comment |
GH-023 |
45.00 |
52.00 |
7 |
0.65 |
0.61 |
|
|
80.00 |
90.80 |
10.8 |
0.31 |
0.27 |
|
|
139.40 |
144.00 |
4.6 |
0.46 |
0.41 |
|
|
156.07 |
169.00 |
12.93 |
1.17 |
1.10 |
|
|
195.00 |
200.00 |
5 |
0.89 |
0.72 |
|
|
222.00 |
231.00 |
9 |
0.50 |
0.57 |
|
|
280.00 |
288.00 |
8 |
1.11 |
0.99 |
|
|
304.87 |
333.15 |
28.28 |
0.73 |
0.62 |
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All gold assays were completed by Swastika Labs and Actlabs using industry standard fire assay procedures. A series of blanks and standards were also submitted with each 20-sample batch for quality control purposes.
Golden Harp Resources Inc. is a Canadian mineral exploration company. The Company's 100%-owned, 145 square kilometre, Copper Hill gold and base metal project is located 100 kilometres south of Timmins, along Highway 560 between Shining Tree and Gowganda, Northern Ontario. The property, situated along the projected western extension of the Cadillac Larder Lake Break in the Abitibi Greenstone Belt, hosts several gold zones in a variety of geological settings; a copper zone; and large portions of the property remain to be evaluated. The Company's strategy is to build shareholder value through the exploration and discovery of new mineral deposits and by seeking strategic joint venture partnerships to maximize the discovery potential of its substantial land holdings. For further information please visit www.goldenharpresources.com or www.sedar.com.
This press release has been reviewed and approved by J. Kevin Filo, P.Geo, Senior Geologist. Mr. Filo is the qualified person for the purposes of National Instrument 43-101.
FOR FURTHER INFORMATION PLEASE CONTACT: Natasha Blackburn, President and CEO natasha@goldenharpresources.com Tel: 604-688-4277
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 |
CODE : GHR.V |
ISIN : CA3810663078 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |
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