Attention Business Editors:
Golden Harp Resources provides exploration update
VANCOUVER, May 28 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today
announced that exploration programs are well underway for the summer season at
its 100% owned Copper Hill precious and base metal project, located
approximately 100 km due south of Timmins between Shining Tree and Gowganda,
Northern Ontario.
The summer program consists primarily of target generation work along the
strike extension of the Golden Sylvia Gold Zone, a gold bearing iron
formation, with projected strike of 20 km; and further evaluation of the
Copper Hill base metal target. Approximately 90 km of induced polarization
(IP) geophysical surveying and approximately 110 km of magnetic geophysical
surveying has been contracted. The survey concurrently covers the prospective
strike extensions of both the Golden Sylvia and Copper Hill Zones.
Approximately 30% of the IP survey and a substantial portion of the magnetic
survey were completed before spring breakup. The geophysical surveying has
recently resumed. Upon completion of the program, the newly acquired
geophysical data will be compiled along with historical geological data. It is
anticipated that the most prospective geophysical targets will be followed up
with mobile metal ion (MMI) geochemical surveys to ascertain priority drill
targets for drilling.
Golden Harp Resources has also recently submitted several hundred MMI
soil geochemical samples for analysis to the laboratory to further evaluate
the southern extension of the MC Zone and the western extension of the Cook
Zone. The additional MMI samples were collected in the area where the strike
extensions of these gold-bearing zones are projected to converge. A
preliminary evaluation of both zones was completed during Golden Harp's spring
drilling campaign (12 holes, 2043 metres) which ended April 28. The Company is
still awaiting assay results from this program. It is anticipated that the
laboratory will have completed assaying all samples within the next two weeks
and results will be published in a timely fashion once they are received,
verified and compiled. The Company foresees a follow up drill program on the
MC and Cook Zones as well as other select targets across the property.
Golden Harp Resources Inc. is a Canadian mineral exploration company with
an enviable property position, covering 145 square kilometres over six
townships, situated along the projected western extension of the Cadillac
Larder Lake Break in the prolific Abitibi Greenstone Belt. The 100%-owned
Copper Hill Project hosts several 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.
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.
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.
For further information: 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
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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. |