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Re: News - Wednesday, May 12, 2010
Results from Phase 3 Drill Program
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GOLDEN HARP REPORTS ANNOUNCES DRILL RESULTS FROM PHASE 3 DRILL PROGRAM
Vancouver -- Wednesday, May 12, 2010 -- Golden Harp Resources Inc.
(GHR:TSXV) today announced that it has been advised by Benton Resources
Corp. that it has announced the results from the third phase drill
program at Copper Hill.
Benton Resources Corp. issued a press release today - the verbatim text
is included below:
Benton Announces Drill Results from Golden Harp Option
Thunder Bay, Ontario: Benton Resources Corp ("Benton" or "the Company")
is pleased to announce the results from the third phase drill program
on the Golden Harp Option. The 12 hole, 2,852 meter drill program
consisted of a series of stratigraphic fences designed to test a wide
area of low grade gold mineralization and alteration associated with
the MC and Crocker zones. This altered and mineralized stratigraphy is
over 300 meters in width and is bounded by two north-northwest faults
splaying off of the Hydro Creek fault. Previous drilling by Golden Harp
Resources (GH drill holes) and by Benton (GH09 drill holes) have
intersected significant intervals of gold mineralization including 0.90
gpt Au over 43.8 meters (GH-25), 0.62 gpt Au over 28.3 meters (GH-23),
4.5 gpt Au over 7.0 meters and 0.68 gpt Au over 20.5 meters (GH-19) and
0.43 gpt Au over 56 meters (GH09-22). The company continues to be
encouraged by this large gold bearing system which is open in all
directions. The drilling program was cut short due to the spring
breakup. Future drilling anticipated further on this year will also
focus on the Cook Zone. Last year Benton completed two drill programs
that returned 5.03 gpt over 8.5m in GH09-01, 11.9 gpt Au over 5.5m in
GH09-02 and 21.41 gpt Au over 3.0m in GH09-06.
The Golden Harp Block A property is located approximately 100 km south
of Timmins and 87 km southwest of Kirkland Lake, Ontario. Benton is
currently in the midst of earning up to a 70% interest in the property
from Golden Harp Resources Inc. Numerous other zones also discovered by
last falls prospecting program will also be subject to further ground
follow up this summer prior to drill target selection. Results from the
currently completed MC Zone drill program are as follows:
DDH FROM (m) TO (m) CORE LENGTH (m) GRADE (gpt Au)
GH10-24 50.0 123.5 73.5 0.28
incl. 62.0 90.0 28.0 0.60
incl. 80.0 90.0 10.0 1.15
incl. 82.0 84.0 2.0 2.85
GH10-25 no significant results
GH10-26 234.5 237.5 3.0 0.59
GH10-27 146.0 171.5 25.5 0.21
incl. 162.5 171.5 9.0 0.43
GH10-28 141.5 191.0 49.5 0.42
incl. 168.5 191.0 22.5 0.86
incl. 168.5 177.5 9.0 1.56
incl. 168.5 171.5 3.0 4.46
GH10-29 29.0 45.5 16.5 0.42
incl. 39.5 45.5 6.0 1.15
and 216.5 236.0 19.5 0.30
incl. 231.5 236.0 4.5 0.76
GH10-30 no significant results
GH10-31 5.4 334.0 328.6 0.19
incl. 59.0 69.0 10.0 0.36
and 99.0 114.0 15.0 0.34
and 241.0 331.0 90.0 0.32
incl. 265.0 274.0 9.0 0.62
incl. 265.0 268.0 3.0 1.31
and 308.0 331.0 23.0 0.43
GH10-32 3.8 119.0 115.2 0.23
incl. 30.5 48.5 18.0 1.04
incl. 33.5 36.5 3.0 4.46
GH10-33 87.5 215.5 128.0 0.20
incl. 87.5 126.5 39.0 0.43
incl. 87.5 98.0 10.5 0.91
incl. 93.5 98.0 4.5 1.40
GH10-34 74.0 222.5 148.5 0.22
incl. 125.0 129.5 4.5 0.82
and 170.0 179.0 9.0 0.88
and 215.0 225.0 7.5 0.98
GH10-35 21.5 101.0 79.5 0.23
incl. 24.5 29.0 4.5 0.82
and 60.5 81.5 21.0 0.36
Benton is a Canadian based junior with multiple joint ventures and a
diversified property portfolio in Gold, Nickel, Copper, and Platinum
group elements. The company currently has approximately $12 million in
cash, owns 34 million shares and 16 million warrant in Coro Mining Corp
(TSX.COP), holds 1.6 million shares in Marathon PGM Corp (TSX.MAR),
holds 1.6 million shares in Puget Ventures (TSX-V.PVS), holds 825,000
Bell Copper Corp (TSX-V.BCU) and retains a 2% Net Smelter Royalty on
the northern portion of the Marathon PGM deposit. The company is also
in the process spinning out its 100% Bermuda property to it share
holders into a new company to be named Coldwell Copper Corp.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is
the qualified person responsible for this release.
About Golden Harp
Golden Harp Resources Inc. is a Canadian mineral exploration company.
Its 145 square km, 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. Golden Harp recently optioned a portion of its
claim units (the Block A Property) to Benton Resources Corp. who have
been actively working the property. The Block A option covers 351 of
Golden Harp's 855 claim units in the northeastern portion of the Copper
Hill project. Benton may earn up to a 70% interest in the Block A by
spending $3 million in exploration and issuing cash and shares to
Golden Harp (see NR March 12, 2009 for details). Golden Harp will
continue to explore and advance the significant gold and copper targets
situated in its 504 claim units, which are contiguous to those in the
Block A option.
For further information about Golden Harp Resources Inc., please visit
www.goldenharpresources.com or contact:
Seamus Young, President and CEO
Tel: 604-688-4277
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 the
forward looking statements. Although we believe that the expectations
in the forward-looking statements are reasonable, actual results may
vary, and future results, levels of activity, performance or
achievements cannot be guaranteed.
The information contained in the press release is a verbatim extract of
the press release issued by Benton Resources Corp. Although Golden Harp
believes the information included in the press release to be generally
reliable, the data has not been independently verified and Golden Harp
does not assume any liability for the accuracy or completeness of such
information.
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.
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Copyright (c) 2010 GOLDEN HARP RESOURCES INC,. (GHR) All rights
reserved. For more information visit our website at
http://www.goldenharpresources.com/ or send
mailto:info@goldenharpresources.com
Message sent on Wed May 12, 2010 at 9:27:54 AM Pacific Time
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Golden Harp Resources Inc.
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EXPLORATEUR |
CODE : GHR.V |
ISIN : CA3810663078 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |