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Golden Hope Mines Completes a 1700 Tonne Bulk Sample
at Bellechasse-Timmins
Golden Hope Mines Limited is pleased to announce
that it has completed the 1700 tonne Bulk Sample
Program at its Bellechasse-Timmins Gold Deposit in
Southeastern Quebec announced on October 21, 2010.
The trenching and crushing at the property was
completed prior to the holiday break in 2010. The processing and sampling was
completed on Tuesday, January 25.
The current program was carried out on three
different zones including Timmins 1 (T1), the Ascot/Road, and the 88 zones. A
total of 280 metres of trenching was completed in
16 individual trenches. 5 trenches totaling 84.0 metres
were completed on the T1 Zone, 2 trenches (18.0 metres)
completed on the Ascot / Road Zone and 9 trenches (178 metres)
were completed on the 88 Zone. Drilling and blasting services were provided
by Forages La Chaudiere Inc. of St-Georges, Quebec.
Crushing equipment was supplied and operated by a local contractor, M. Paul Labrie of St-Magloire, Quebec.
The 2009/2010 720 tonne
bulk-sample at the Timmins 1 (T1) zone resulted in a 3 g/t average grade
which was considerably higher than the approximate 2 g/t average grade
results indicated by assaying diamond drill cores from immediately below the
trenches. The company believes that this is characteristic of the mineralized
zones at Bellechasse-Timmins as well as elsewhere
in the Bellechasse Belt.
A total of 1586 individual samples were procesed and sent to Activation Laboratories in Ancaster, Ontario for total pulp metallic gold assaying.
�We are very pleased with the speed and efficiency
by which we carried out this large bulk sample program. The experienced
gained by our technical team in 2009/2010 during the previous program helped
us in determinning where we could improve both the
execution and quality of the sampling. We are most excited about the pending
results as we drive towards bdelineating a world
class gold deposit in southeastern Quebec� stated Frank Candido,
President, Golden Hope Mines Limited.
In addition, selected samples from the 2009/2010 program
were re-crushed at a finer screen size and sub-samples sent for assaying.
These samples include R09D1-1, R09D1-2, R09B-1, R09B-2, R09B-3, R09B-4,
R09C-2, R09C-3, R09C-4 and R09C-5.
A map of the location of the trenches can be viewed
on the companies web site
at http://goldenhopemines.com/exploration/bellechase_timmins_gold/maps/. The company will release the assay results of the
bulk-sampling program as soon as they become available.
James E. Tilsley 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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