Golden Hope Announces Drill Results from the 88 zone
including 2.72 g/t over 3 metres, 1.54 g/t Au over
8 metres and 1.69 g/t Au over 5 metres.
Golden Hope Mines is pleased to report further assay results from its
2010 gold exploration campaign at the Bellechasse-Timmins
gold deposit in south eastern Quebec. The results reported are from eleven
holes drilled at the 88 gold zone.
Significant intersections include;
- 3.86 g/t Au over 1 metre in gold zone 88A
- 3.16
g/t Au over 3 metres in gold zone 88C
(including 1 metre of 7.81 g/t Au)
- 2.72
g/t Au over 3 metres in gold zone 88A
(including 1 metre of 5.69 g/t Au)
- 2.32 g/t Au over 2 metres in gold zone 88F
- 1.69 g/t Au over 5 metres in gold zone 88A
- 1.54
g/t Au over 8 metres in gold zone 88D
(including 1 metre of 6.05 g/t Au)
- 1.35 g/t Au over 7 metres in gold zone 88C
- 1.24
g/t Au over 6 meters in gold zone 88A
- 1.22
g/t Au over 10 meters in gold zone 88A
Assay results have been received and interpreted for
the following holes; BD2010-121, 135, 136, 137, 139, 140, 141, 142, 143, 144,
and 145.These holes were completed to further evaluate the anomalous Au
mineralization previously intersected at the 88 Zone. Drilling to date has
partially defined at least 8 zones that have been designated 88A to 88H.
The 88A Zone currently has a strike length of
approximately 100 metres and has been intersected
at approximately 260 metres vertically below the
surface, is open to depth and has a true thickness up to 24 meters. Zone 88 B
has been intersected on sections A and B, and has a true thickness of
approximately 25 metres and is open to depth. Zone
88A and Zone 88B have also been referred to by our technical team as the Snow
White Zone.
Zone 88 C has been intersected on sections B and C,
has a true thickness of up to approximately 15 metres
and is open to depth.
The other zones also remain open to depth.
Table 1: Summary of Results of the 88 Zone
Hole
|
Zone
|
Comment
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
True Thickness (m)
|
BD2010-121
|
|
|
23.0
|
24.0
|
1.0
|
0.84
|
0.77
|
|
88 C Zone
|
|
32.0
|
40.0
|
8.0
|
0.49
|
6.16
|
|
|
|
44.0
|
45.0
|
1.0
|
0.61
|
0.77
|
|
88 C Zone
|
|
49.0
|
56.0
|
7.0
|
0.91
|
5.39
|
|
88 B Zone
|
|
105.0
|
106.0
|
1.0
|
0.21
|
0.77
|
|
|
|
152.0
|
157.0
|
5.0
|
0.35
|
3.85
|
|
|
|
184.0
|
185.0
|
1.0
|
1.18
|
0.77
|
|
88 A Zone
|
|
206.0
|
211.0
|
5.0
|
1.69
|
3.85
|
|
|
|
|
|
|
|
|
BD2010-135
|
88 A Zone
|
|
152.0
|
157.0
|
5.0
|
0.25
|
3.85
|
|
88 A Zone
|
|
160.0
|
161.0
|
1.0
|
0.43
|
0.77
|
|
|
|
|
|
|
|
0.19
|
BD2010-136
|
88 B Zone
|
|
118.0
|
119.0
|
1.0
|
2.23
|
0.77
|
|
88 B Zone
|
|
127.0
|
130.0
|
3.0
|
0.79
|
2.31
|
|
88 B Zone
|
|
147.0
|
155.0
|
8.0
|
0.52
|
6.16
|
|
|
|
|
|
|
|
0.94
|
|
88 A Zone
|
|
205.0
|
208.0
|
3.0
|
2.72
|
2.31
|
|
|
including
|
206.0
|
207.0
|
1.0
|
5.69
|
0.77
|
|
|
|
|
|
|
|
|
|
88 A Zone
|
|
213.0
|
214.0
|
1.0
|
3.86
|
0.77
|
|
|
|
|
|
|
|
0.81
|
BD2010-137
|
88 A Zone
|
|
152.0
|
163.0
|
11.0
|
0.84
|
8.47
|
|
|
|
|
|
|
|
1.57
|
BD2010-139
|
88 G Zone
|
|
4.0
|
9.0
|
5.0
|
0.56
|
3.85
|
|
88 E Zone
|
Visible
Gold
|
95.0
|
96.0
|
1.0
|
3.18
|
0.77
|
|
|
|
103.0
|
105.0
|
2.0
|
1.16
|
1.54
|
|
88 D Zone
|
|
116.0
|
128.0
|
12.0
|
0.82
|
9.24
|
|
|
|
|
|
|
|
0.31
|
BD2010-140
|
88 F Zone
|
Visible
Gold
|
63.0
|
65.0
|
2.0
|
2.32
|
1.54
|
|
88 F Zone
|
Visible
Gold
|
68.0
|
69.0
|
1.0
|
0.74
|
0.77
|
|
88 C Zone
|
|
135.0
|
136.0
|
1.0
|
0.96
|
0.77
|
|
88 C Zone
|
Visible
Gold
|
139.0
|
146.0
|
7.0
|
1.35
|
5.39
|
|
88 C Zone
|
|
161.0
|
167.0
|
6.0
|
0.81
|
4.62
|
|
88 B Zone
|
|
186.0
|
187.0
|
1.0
|
1.05
|
0.77
|
|
88 A Zone
|
|
284.0
|
294.0
|
10.0
|
1.22
|
7.7
|
|
88 A Zone
|
|
303.0
|
307.0
|
4.0
|
0.61
|
3.08
|
|
|
|
|
|
|
|
|
BD2010-141
|
88 F Zone
|
|
23.0
|
29.0
|
6.0
|
1.01
|
4.62
|
|
|
|
|
|
|
|
|
|
88 D Zone
|
|
110.0
|
118.0
|
8.0
|
1.54
|
6.16
|
|
|
including, Visible
Gold
|
117.0
|
118.0
|
1.0
|
6.05
|
0.77
|
|
|
|
|
|
|
|
1.16
|
|
88 C Zone
|
|
144.0
|
147.0
|
3.0
|
3.16
|
2.31
|
|
|
including
|
146.0
|
147.0
|
1.0
|
7.81
|
0.77
|
|
|
|
|
|
|
|
0.75
|
|
88 A Zone
|
|
268.0
|
269.0
|
1.0
|
0.66
|
0.77
|
|
88 A Zone
|
|
275.0
|
276.0
|
1.0
|
0.67
|
0.77
|
|
|
|
|
|
|
|
0.84
|
BD2010-142
|
88 D Zone
|
|
74.0
|
88.0
|
14.0
|
0.44
|
10.78
|
|
88 D Zone
|
|
91.0
|
92.0
|
2.0
|
1.67
|
1.54
|
|
|
|
|
|
|
|
|
BD2010-143
|
88 D Zone
|
Visible Gold
|
9.0
|
10.0
|
1.0
|
0.08
|
0.77
|
|
88 D Zone
|
|
14.0
|
16.0
|
2.0
|
0.88
|
1.54
|
|
|
|
|
|
|
|
|
BD2010-144
|
88 A Zone
|
|
189.0
|
195.0
|
6.0
|
1.24
|
4.62
|
|
|
|
|
|
|
|
|
BD2010-145
|
|
|
112.0
|
113.0
|
1.0
|
1.99
|
0.77
|
|
88 A Zone
|
|
140.0
|
147.0
|
7.0
|
1.00
|
5.39
|
|
|
|
|
|
|
|
|
Golden Hope Mines is also waiting for the results of
a 1700 tonne bulk sampling program that it
completed on January 27, 2011. The bulk samples were taken at surface
throughout the Bellechasse-Timmins Gold Deposit
including the surface exposure of mineralized structures drilled in the 88
Zone area.
Approximately 55% of the holes completed in the 88
Zone show visible gold in the core. This suggests that the primary gold
distribution is similar to that of the T1 Zone. The 2010 720 tonne bulk sample campaign at Timmins 1 showed a 50%
increase of grade from approximatley 2 g/t Au
indicated by diamond drilling to 3 g/t Au from bulk sampling.
A map showing where the bulk samples were taken in
relation to the drill holes can be viewed on the company�s web site at http://goldenhopemines.com/_resources/maps/88_zone_trenching_feb_14.pdf.
The 88 Zone is showing large potential to
significantly increase the overall tonnage of mineralization in the Bellechasse-Timmins area. Additional drilling will be
necessary to further define the zones and explore their true potential.
On January 20, 2011, Golden Hope Mines announced
exciting results from the Bellechase-Timmins deposit.
These results were from the T1 and T2A and T2B zones. Highlights from these
results included;
BD2010-124
4.98 g/t
Au over 13 metres in gold zone T1
BD2010-125
7.57 g/t Au over 10 metres in gold zone T2B
BD2010-132
2.03 g/t Au over 4 metres in gold zone T1
BD2010-132
4.63 g/t Au over 3 metres in gold zone T2B
BD2010-133
9.05 g/t Au over 9 meters in gold zone T2A
Cross sections can be viewed on the company�s
website at: http://goldenhopemines.com/exploration/bellechase_timmins_gold/results/.
The results from the 2010 drill campaign to date confirm widespread
mineralization at the Bellechasse-Timmins Gold
Deposit.
The company uses Activation Laboratories Limited in Ancaster Ontario for all assays. Actlabs
is accredited to the international standard of ISO
17025 for gold analysis. All of the drill core samples sent to the Actlabs undergo initial Fire
Assay treatment. Due to the presence of visible gold, any initial results
over a selected threshold Au are re-assayed using total pulp metallic
treatment. The Golden Hope procedure requires crushing, pulverizing and
sieving the entire sample of approximately two kilograms. This company
protocol can lead to delays in both receiving and reporting assay results.
There are currently a total of 20 holes from the
2010 Exploration program for which results have not been reported on; 14
holes from Bellechasse-Timmins (including the 88
zones) and 6 holes from Laval�s Mountain, approximatley
9.2 kms north of Bellechasse-Timmins.
The company expects to report the results of these holes when they are
received and interpreted.
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 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 Quebec, Canada. The Bellechasse gold project in Southeastern 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 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 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. Various factors could cause actual results to
differ materially from those in forward-looking statements. These include
market prices, exploitation and exploration successes, 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 Golden Hope's
registered filings at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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
Public Relations
Canada:
Paradox Public
Relations
Corporate
Communications
1-866-460-0408
Investor Relations USA:
American Capital
Ventures
Richard Hull
305-918-7000
|