Feb 16 2011
Golden Hope Mines (TSX VENTURE:GNH)(OTCQX:GOLHF) has reported further assay results from its 2010 gold exploration campaign at the Bellechasse-Timmins gold deposit in south eastern Quebec.
The results reported are from eleven holes drilled at the 88 gold zone.
Significant intersections include;
- 3.86 g/t Au over 1 metre in gold zone 88A
- 3.16 g/t Au over 3 metres in gold zone 88C(including 1 metre of 7.81 g/t Au)
- 2.72 g/t Au over 3 metres in gold zone 88A(including 1 metre of 5.69 g/t Au)
- 2.32 g/t Au over 2 metres in gold zone 88F
- 1.69 g/t Au over 5 metres in gold zone 88A
- 1.54 g/t Au over 8 metres in gold zone 88D(including 1 metre of 6.05 g/t Au)
- 1.35 g/t Au over 7 metres in gold zone 88C
- 1.24 g/t Au over 6 meters in gold zone 88A
- 1.22 g/t Au over 10 meters in gold zone 88A
Assay results have been received and interpreted for the following holes; BD2010-121, 135, 136, 137, 139, 140, 141, 142, 143, 144, and 145. These holes were completed to further evaluate the anomalous Au mineralization previously intersected at the 88 Zone. Drilling to date has partially defined at least 8 zones that have been designated 88A to 88H.
The 88A Zone currently has a strike length of approximately 100 metres and has been intersected at approximately 260 metres vertically below the surface, is open to depth and has a true thickness up to 24 meters. Zone 88 B has been intersected on sections A and B, and has a true thickness of approximately 25 metres and is open to depth. Zone 88A and Zone 88B have also been referred to by our technical team as the Snow White Zone.
Zone 88 C has been intersected on sections B and C, has a true thickness of up to approximately 15 metres and is open to depth.
The other zones also remain open to depth.
Golden Hope Mines is also waiting for the results of a 1700 tonne bulk sampling program that it completed on January 27, 2011. The bulk samples were taken at surface throughout the Bellechasse-Timmins Gold Deposit including the surface exposure of mineralized structures drilled in the 88 Zone area.
Approximately 55% of the holes completed in the 88 Zone show visible gold in the core. This suggests that the primary gold distribution is similar to that of the T1 Zone. The 2010 720 tonne bulk sample campaign at Timmins 1 showed a 50% increase of grade from approximatley 2 g/t Au indicated by diamond drilling to 3 g/t Au from bulk sampling.
The 88 Zone is showing large potential to significantly increase the overall tonnage of mineralization in the Bellechasse-Timmins area. Additional drilling will be necessary to further define the zones and explore their true potential.
On January 20, 2011, Golden Hope Mines announced exciting results from the Bellechase-Timmins deposit. These results were from the T1 and T2A and T2B zones.
The results from the 2010 drill campaign to date confirm widespread mineralization at the Bellechasse-Timmins Gold Deposit.
The company uses Activation Laboratories Limited in Ancaster Ontario for all assays. Actlabs is accredited to the international standard of ISO 17025 for gold analysis. All of the drill core samples sent to the Actlabs undergo initial Fire Assay treatment. Due to the presence of visible gold, any initial results over a selected threshold Au are re-assayed using total pulp metallic treatment. The Golden Hope procedure requires crushing, pulverizing and sieving the entire sample of approximately two kilograms. This company protocol can lead to delays in both receiving and reporting assay results.
There are currently a total of 20 holes from the 2010 Exploration program for which results have not been reported on; 14 holes from Bellechasse-Timmins (including the 88 zones) and 6 holes from Laval's Mountain, approximatley 9.2 kms north of Bellechasse-Timmins. The company expects to report the results of these holes when they are received and interpreted.
James E. Tilsley, 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.