Golden Hope Commences 2011 Drill Campaign
TORONTO, ONTARIO- Golden Hope Mines Limited (TSX
VENTURE:GNH)(OTCQX:GOLHF) is pleased to announce that the 2011 winter diamond
drill campaign on the Bellechasse-Timmins gold
deposit on the Bellechasse Belt of Southeastern
Quebec is currently in progress.
Golden Hope has continued to contract Forage Mercier
of Val D�Or for the 2011 exploration campaign for an initial 2,000 metres. Golden Hope drilled a total of 16,038 metres in 2010.
With this preliminary drill program, the Company
aims to test for an extension of the Timmins 1 Zone, test down dip extensions
of the Ascot/Road Zone and continue to further explore the T2 zones.
The drill crew arrived on Monday January 10 and
began drilling at the Bellechasse-Timmins property
on January 11. The initial target was hole BD2010-150 which was collared
before the 2010 holiday season.
Holes BD2010-150 and BD2011-151, which have already
been drilled, were primarily to test for an extension of the Timmins 1 Zone
to the northeast as well as to test the Ascot/Road Zone to depth along strike
to the southwest and down dip from mineralized quartz veined diorite
intersected in holes BD2010-98 (up to 2.63 g/t Au over a core length of 4.0 metres) and BD2010-99. The Ascot/Road Zone has an estimated
true thickness of approximately 5.0 metres in the
area of holes BD2010-98 and BD2010-99.
Paul R. J. Nicholls, 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
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