TORONTO,
ONTARIO--(Marketwire - Aug. 6, 2009) - GOLDEN HOPE MINES LIMITED. (TSX
VENTURE:GNH)(PINK SHEETS:GOLHF) - Golden Hope Mines is in the middle of
an extensive work program on its approximately 100,000 acres of mining
claims in the Bellechasse - Chaudiere area of Southeastern Quebec.
The work is focused on identifying potential targets for test drilling
later this year. The claim groups extend for almost 100 kilometers on,
and adjacent to the Baie Verte Brompton fault.
A soil sampling program is being completed over a grid 1.4 by 1.1 km to
explore for gold - base-metals targets. The geochemical sampling will
test an area where a previous airborne geophysical survey identified a
discrete magnetic anomaly at the contact between the St. Daniel Melange
and the underlying Caldwell Formation.
Two short linear features interpreted from airborne geophysics bound
the magnetic anomaly. The linear features are oriented at a high angle
to stratigraphy and cross-cut the upper sediments and volcanics of the
Caldwell Formation and may reflect subseafloor hydrothermal vents.
Nearby and along one of the linear trends bedrock samples containing
anomalous Au, Cu, Zn Pb values were obtained previously.
The samples will be sent to Activation Laboratories in Ancaster, Ontario,
shortly, for a detailed hydrocarbon geochemical analysis. The data will
be used to define the mineral potential, and if positive, used to
select drill targets within the zone.
Golden Hope Mines is also conducting an extensive surface exploration
program on the ultramafics on 7 different potential mineralized
geological settings. The results from this program will help define
drill targets in these very prospective environments.
Data collected from the ultramafic intrusive rocks so far this season
shows two environments warranting further attention: The first is
favourable to PGM deposits and is currently being sampled and mapped
while the second is a mixed environment of carbonate altered
Ultramafic/Caldwell-Volcanics and is being mapped and sampled as a gold
target.
Drilling will commence once the laboratory results from samples taken
from these targets are received and confirm potentially economic
mineralization.
James Tilsey, P. Eng., Hendrik Veldhuyzen, P. Geo, have prepared and
reviewed the technical content in this news release and are qualified
persons (QP) for Golden Hope in compliance with National Instrument
43-101.
About Golden Hope Mines Ltd.
Golden Hope Mines Limited is a mineral exploration company that seeks
to grow shareholder value through the acquisition, exploration and
development of potentially large-scale gold, silver 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 Quebec
includes the Timmins 1 and 2 and Ascot gold zones, the Coucou volcanic
target and a number of newly claimed serpentinite geological
environments. For further information on Golden Hope, 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. Factors that 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 registered filings at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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