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TSX VENTURE: GNH
OTCQX: GOLHF
Golden Hope Mines Announces Its Spring Drill Campaign
May 19, 2011
TORONTO, May 19, 2011 /CNW/ Golden Hope Mines (TSX VENTURE: GNH)(OTCQX: GOLHF) is pleased to announce an initial 2500 metre exploration diamond drill campaign on it Bellechasse-Timmins gold property in southeastern Quebec.
The company will drill a total of 7 holes. 5 holes will test the southwest extension of the T1 and T2 zones. There is limited historic and recent drilling that tests the southwestern extensions of these zones, most done prior to 1992. Two holes will be drilled between the T1 Zone and the newly discovered northeastern extension of the T1 Zone as announced in the May 18th, 2011 press release.
The initial exploration campaign will permit the company to continue its quest to significantly expand the known mineralized zones while it works towards completing its preparation of a definition drill campaign at T1 and T2.
On April 19, 2011, the company announced the engagement of SGS Canada Inc.-Geostat in order to help the company prepare a 3D block model. Once this model is completed, the company along with SGS will look to prepare a definition drill campaign on the T1 and T2 zones. The zones remain open on strike to the northeast, southwest and to depth.
The company will continue to use Forage Mercier Inc. of Val-d�Or, Quebec as its drill contractors.
A map of the drill holes can be found on the company�s web site at www.goldenhopemines.com/exploration/bellechase_timmins_gold/
or may be obtained by contacting the company directly at 514-750-8218.
James E. Tilsley, P.Eng. is acting as the qualified person (QP) for Golden Hope Mines in compliance with National Instrument 43-101 and has reviewed the technical contents of this release. Mr. Tilsley is a consultant to Golden Hope Mines.
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 southeastern Quebec, Canada. The company�s claim block spans over approximately 110 kilometres. The Bellechasse-Timmins gold deposit lies within the Bellechasse Belt; an approximately 18 kilometre mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road gold zones, and the eight known parallel gold-bearing breccias of the adjoining 88 Diorite. The company is also working to develop other targets within its claim block including the FSG gold and base metal target, the St-Luc (Roux) target, Chute du Bras, the LG showing, Moose Cliff, and Talon. 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
or
Public Relations Canada:
Paradox Public Relations
Corporate Communications
1-866-460-0408
or
Investor Relations USA:
American Capital Ventures
Richard Hull
305-918-7000
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