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Cours Or & Argent

Golden Harp Resources Inc.

Publié le 15 décembre 2008

MC Zone Demonstrates Higher Grade Potential, GH-019 Returns 14.29 g/t Gold Over 2 Meters

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NEWS RELEASE
Monday, December 15, 2008
Golden Harp's MC Zone Demonstrates Higher Grade Potential, GH-019 Returns 14.29 g/t Gold Over 2 Meters

Vancouver - December 15, 2008 -- Golden Harp Resources Inc. (TSXV:GHR) today announced assay results from the remaining four holes from the recent drill program (6 holes, 1623.4 metres) at the Company's 100%-owned Copper Hill gold property in Northern Ontario. All of the holes drilled to date on the MC Zone by Golden Harp have intersected a significant number of broad low grade gold intercepts suggesting potential for a near surface bulk tonnage deposit and/or the presence of a mineralized halo proximal to higher grade mineralization along strike or at depth. The highlight of the program was the intersection of 14.29 g/t gold over 2 metres (including 20.30 g/t gold over 1 metre) in GH-019, from within a large brittle deformation zone a short distance west of the collars of GH-023 & GH-025, which demonstrates the potential for higher grade mineralization in the system.

"The MC Zone continues to captivate our attention. The information obtained to date continues to validate our exploration model and justifies ongoing exploration and drilling in this area," said Natasha Blackburn, President and CEO.

The program established that gold mineralization is associated with two specific rock types; fuchsitic ultramafics, and hematitic altered felsic volcanics. Both of these units are transected or proximal to a large northerly trending brittle deformation zone, likely related to the gold mineralization, as gold is found within the deformation zone itself. The east/west extent of the deformation zone varies greatly, hole GH-018 collared in the deformation zone and bottomed in it.

The aforementioned rock types represent a series of thick sequences that are repeated a number of times, with broad low grade gold intercepts, suggesting the potential for a series of mineralized zones of interest.

The program determined that there is an excellent correlation between the sulphide mineralization and gold; both of which are directly associated with strong surface induced polarization (IP) geophysical responses. The Company has only evaluated an area 400 metres by 220 metres to date and continued drilling is definitely warranted as the full extent of the known geophysical targets have not been tested.

In addition, the compilation and interpretation of regional airborne geophysics, recent prospecting, and drilling conducted by Golden Harp, along with historical surface trenching and drilling suggests that the immediate target area of the MC Zone represents 550 metres by 360 metres, within a much larger regional area of interest covering 3.5 km by 3.5 km. This broader area is known to contain similar geology to that found in and around the MC Zone including very prospective packages of ultramafics, which are associated with numerous historical gold occurrences. This favourable area has not undergone IP or MMI soil surveys to date and requires further exploration to effectively evaluate its gold potential.

Three holes (GH-017, GH-018, GH-019) were completed on the MC Zone and one hole, GH-006 on an IP anomaly proximal to the Cook Zone. The Company also reported a series of metallic gold assay checks from several sample intervals from MC Zone drill holes GH-025 and GH-023 from the spring program. Results are included in table format below.

COLLAR CO-ORDINATE TABLE

Hole No.

Collar
UTM Location

Azimuth
(Degrees)

Dip
(Degrees)

Final Depth (Metres)

GS-025

494081E 5278520N

90

-45

273

GS-023

494056E 5278483N

90

-45

352

GS-019

493941E 5278463N

90

-45

570

GS-018

494066E 5278682N

90

-45

328.5

GS-017

493946E 5278520N

90

-45

441

GS-006

493508E 5278816N

62

-45

125



A drill-hole plan map is available at http://www.goldenharpresources.com/i/pdf/MC-Zone-Maps.pdf

FALL 2008 - SIGNIFICANT DRILL RESULTS TABLE

Hole #

From

To

 

Metres

Au (g/t)

 

Comment

GH-019

33.50

34.50

1.00

2.31

Spinifex textured ultramafic with sulphide

 

 

 

 

 

 

 

74.90

76.60

1.70

1.00

Hematic altered diorite intrusive with pyrite

 

 

 

 

 

 

 

139.00

146.00

7.00

4.50

Ultramafic/Altered Felsic Fragmental Contact

includes

144.00

146.00

2.00

14.29

Ultramafic with pyrite with deformation zone

includes

145.00

146.00

1.00

20.30

Ultramafic with pyrite with deformation zone

 

 

 

 

 

 

 

172.00

193.80

21.80

0.36

Hem. Felsic Frag., pyrite in deformation zone

includes

172.00

182.00

10.00

0.54

 

includes

172.00

176.00

4.00

0.88

 

 

 

 

 

 

 

 

216.50

267.50

51.00

0.39

Altered Felsic Fragmental, sulphide, dykes

includes

263.00

267.50

4.50

1.20

 

 

 

 

 

 

 

 

284.50

305.00

20.50

0.68

Altered Felsic Frag / Ultramafic Contact

includes

284.50

292.15

7.65

1.14

 

 

 

 

 

 

 

 

327.00

328.60

1.60

2.42

 

 

 

 

 

 

 

 

358.55

366.00

7.45

0.43

Altered Felsic / Fuchsitic Ultramafic Contact

 

 

 

 

 

 

 

432.00

456.00

24.00

0.62

Altered Felsic Fragmental with pyrite & veins

includes

436.00

447.20

11.20

1.00

 

 

445.00

447.20

2.20

3.32

 

 

 

 

 

 

 

 

523.85

524.15

0.30

1.43

Fuchsitic Ultramafic

 

 

 

 

 

 

 

535.50

537.20

1.70

1.01

Fuchsitic Ultramafic

GH-018

12.30

34.00

21.70

0.44

Siliceous Hematitic Felsic Fragmental

includes

22.59

34.00

11.41

0.55

 

includes

23.00

29.00

6.00

0.71

 

 

 

 

 

 

 

 

151.00

152.00

1.00

2.06

 

 

 

 

 

 

 

 

162.00

223.80

61.80

0.43

Altered Felsic Fragmental & Minor Intrusives

includes

166.20

174.00

7.80

0.74

 

includes

182.00

196.30

14.30

0.54

 

includes

191.00

195.80

4.80

0.82

 

includes

214.75

223.80

9.05

0.54

 

 

 

 

 

 

 

 

239.15

239.90

0.75

1.99

 

 

 

 

 

 

 

 

243.00

243.75

0.75

1.36

 

 

 

 

 

 

 

 

272.10

285.00

12.90

0.49

Altered Felsic Fragmental with Sulphide

includes

272.10

281.30

9.20

0.57

 

 

 

 

 

 

 

 

289.60

290.20

0.60

1.16

 

 

 

 

 

 

 

GH-017

72.80

73.70

0.90

1.22

 

 

 

 

 

 

 

 

199.00

200.00

1.00

1.82

 

 

 

 

 

 

 

 

221.60

234.15

12.55

0.43

Altered Felsic Fragmental; Pyrite & Qtz Veins

 

225.00

227.10

2.10

1.10

 

 

 

 

 

 

 

 

310.75

331.00

20.25

0.52

Ultramafic/Altered Felsic Fragmental Contact

 

310.75

319.20

8.45

0.77

Fuchsitic Ultramafic/Altered Felsic Fragmental

 

310.75

315.00

4.25

1.30

 

 

310.75

313.29

2.54

1.94

 

 

 

 

 

 

 

 

390.00

413.45

23.45

0.57

Felsic to Int. Mafic Frag. Qtz Veins & Pyrite

includes

399.50

408.75

9.25

0.71

 

 

 

 

 

 

 

 

423.55

424.60

1.05

1.19

 

 

 

 

 

 

 

GH-06

 

 

 

 

Cook Zone Area Anomaly, No significant values

*Lengths shown are core lengths as true widths cannot be determined at this time.

In addition to the drill results for the fall program included above, the Company re-assayed, using a total metallics fire assay method, a number of intervals from the original discovery holes (GH-025 and GH-023) on the MC Zone, as a check. For the most part the results were very similar to the original assay results. Checks were also carried out on certain sections outside the documented mineralized intervals and again no significant changes were noted.

Metallic Gold Assay Table with Original Fire Assay Interval for Comparison Purposes
*Lengths shown are core lengths as true widths cannot be determined at this time.

Hole

From

To

Metres

Fire Assay Au (g/t)

Metallic Assay Au (g/t)

Comment

GH-025

8.5

9.15

0.65

0.95

NA

No metallics completed on original

 

29

39

10

0.43

0.42

 

 

61.5

116.4

54.9

0.88

0.78

 

includes

61.5

105.25

43.75

1.02

0.90

 

includes

88

104

16

1.67

1.42

 

includes

88

98

10

2.25

1.96

 

 

92

96

4

3.54

3.32

 

 

226.62

234

7.38

0.71

NA

No metallics completed on original



Metallic Gold Assay Table with Original Fire Assay Interval for Comparison Purposes
*Lengths shown are core lengths as true widths cannot be determined at this time.

Hole

From

To

Metres

Fire Assay Au (g/t)

Metallic Assay Au (g/t)

Comment

GH-023

45.00

52.00

7

0.65

0.61

 

 

80.00

90.80

10.8

0.31

0.27

 

 

139.40

144.00

4.6

0.46

0.41

 

 

156.07

169.00

12.93

1.17

1.10

 

 

195.00

200.00

5

0.89

0.72

 

 

222.00

231.00

9

0.50

0.57

 

 

280.00

288.00

8

1.11

0.99

 

 

304.87

333.15

28.28

0.73

0.62

 



All gold assays were completed by Swastika Labs and Actlabs using industry standard fire assay procedures. A series of blanks and standards were also submitted with each 20-sample batch for quality control purposes.

Golden Harp Resources Inc. is a Canadian mineral exploration company. The Company's 100%-owned, 145 square kilometre, Copper Hill gold and base metal project is located 100 kilometres south of Timmins, along Highway 560 between Shining Tree and Gowganda, Northern Ontario. The property, situated along the projected western extension of the Cadillac Larder Lake Break in the Abitibi Greenstone Belt, hosts several gold zones in a variety of geological settings; a copper zone; and large portions of the property remain to be evaluated. The Company's strategy is to build shareholder value through the exploration and discovery of new mineral deposits and by seeking strategic joint venture partnerships to maximize the discovery potential of its substantial land holdings. For further information please visit www.goldenharpresources.com or www.sedar.com.

This press release has been reviewed and approved by J. Kevin Filo, P.Geo, Senior Geologist. Mr. Filo is the qualified person for the purposes of National Instrument 43-101.

FOR FURTHER INFORMATION PLEASE CONTACT:
Natasha Blackburn, President and CEO
natasha@goldenharpresources.com Tel: 604-688-4277

Kevin Filo, P.Geo, Senior Geologist
Kevin@goldenharpresources.com Tel: 705-268-0371

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

 

Golden Harp Resources Inc.

EXPLORATEUR
CODE : GHR.V
ISIN : CA3810663078
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Golden Harp est une société d’exploration minière d'or basée au Canada.

Son principal projet en exploration est COPPER HILL au Canada.

Golden Harp est cotée au Canada. Sa capitalisation boursière aujourd'hui est 296 400 CA$ (236 987 US$, 223 472 €).

La valeur de son action a atteint son plus haut niveau récent le 23 octobre 2009 à 3,00 CA$, et son plus bas niveau récent le 07 février 2014 à 0,02 CA$.

Golden Harp possède 2 470 000 actions en circulation.

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Financements de Golden Harp Resources Inc.
17/08/2009Receives Approval To Re-price And Extend The Terms Of 7,612,...
09/07/2009Seeks Approval To Reprice And Extend The Terms Of 7,612,200 ...
Attributions d'options de Golden Harp Resources Inc.
14/08/2009Grants Stock Options
09/06/2009Grants Stock Options
12/06/2008Grants Stock Options
Nominations de Golden Harp Resources Inc.
08/01/2010Corporate Appointments
05/08/2009Appoints John Kerr To The Board
28/07/2009Appoints Paul Sarjeant To The Board
01/05/2008 Appoints New Chairman, President and CEO
Projets de Golden Harp Resources Inc.
12/05/2010(Copper Hill)Releases Results from Phase 3 Drill Program
18/03/2010(Copper Hill)Start of Phase 3 Drill Program on Block A Option
17/09/2009(Copper Hill)Re-Evaluates North Foley Lake Area And Houston Lake Area At ...
10/09/2009(Copper Hill)Reports That Benton Has Commenced Phase Ii Drilling On High ...
06/08/2009(Copper Hill)Reports Exploration Progress From Copper Hill Block A Gold P...
07/07/2009(Copper Hill)Surface Samples Return Up To 492.6 G/T (14.37 Oz/T) Gold Fro...
26/06/2009(Copper Hill)Advised Of Drill Results On Block A Option: More High Grade ...
22/06/2009(Copper Hill)Advised Of Drill Results -- Benton Hits High Grade Gold At C...
15/12/2008(Mc Zone)MC Zone Demonstrates Higher Grade Potential, GH-019 Returns ...
20/11/2008(Golden Sylvia)Intersects 1.45 G/T Gold Over 8.8 M, Including 5.05 G/T Gold...
28/05/2008(Copper Hill)Provides exploration update
28/04/2008(Cook Zone)Completes Spring Diamond Drill Program
24/03/2008(Cook Zone) Initiates 2000 Metre Drill Program
20/03/2008(Copper Hill) Intersects Gold Mineralization in Preliminary Drill Program
Communiqués de Presse de Golden Harp Resources Inc.
28/04/2011MINERAL MOUNTAIN INITIATES 60-HOLE RC DRILLING PROGRAM MAIN ...
04/02/2010Resignation of President
30/12/2009Board Changes
20/11/2009Bulk Tonnage Target Identified At Golden Harp Cook Zone; Int...
01/10/2009New Gold Zone Discovered By Benton On Block A Option
04/06/2009Advised Of Exploration Update From Benton Resources At Coppe...
02/12/2008Prospecting Efforts Return 12 g/t Gold, and 9.26% Copper
02/05/2008Acquires Outstanding NSRs
10/04/2008Completes First Half of Spring Drill Program
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