TSX VENTURE: GNH
Pink Sheets: GOLHF
MONTREAL, April 18, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink
Sheets: GOLHF) - Golden Hope Mines Limited is pleased to
announce further significant drill results from its 2011 and winter
2012 drill campaign in southeastern, Quebec. The company is pleased to present the
following table of highlights from hole BD2012-192.
| Hole Number |
From |
To |
Length (m) |
Au (g/t) |
| BD2012-192 |
249 |
401 |
152 |
1.51 |
| including |
290 |
296 |
6 |
1.04 |
| including |
315 |
340 |
25 |
1.67 |
| including |
358 |
376 |
18 |
1.63 |
| including |
386 |
401 |
15 |
6.95 |
| BD2012-192 |
462 |
465 |
3 |
2.36 |
| including |
463 |
464 |
1 |
7.06 |
| BD2012-192 |
534 |
553 |
19 |
2.05 |
Table 1: Highlights from BD2012-192 ;results are
core length and not capped.
Hole BD2012-192 was planned to intersect and test the extension
of a mineralized zone within T2, previously identified on a section
containing holes BD2011-163, 166, 167, 167a and 167b. Upon
completion of the logging of BD2012-192, it was decided to
prioritize this hole for cutting and sampling to expedite the
reception of results from the laboratory.
Hole 192 was drilled to the southeast at a steep angle almost
perpendicular to the 167 series of holes and further outlines the
extent of this substantial mineralized zone.
"We are extremely pleased with these latest drill results. They
continue to support the potential for significant mineralization at
Bellechasse-Timmins and provide us with much motivation as we enter
the next phase of drilling. Our increased understanding of the
deposit also allows us to more effectively plan our next campaign
to continue to define the extent of the zones of mineralization at
Bellechasse-Timmins " states Frank
Candido, President, Golden Hope
Mines.
Golden Hope Mines is also pleased
to present the following highlights from holes BD2011-181, 182 and
BD2012-183, 184 and 185.
| Hole Number |
From |
To |
Length (m) |
Au (g/t) |
| BD2011-181 |
10 |
30 |
20 |
0.37 |
| Including |
29 |
30 |
1 |
4.75 |
| BD2011-181 |
79 |
87 |
8 |
0.73 |
| Including |
79 |
80 |
1 |
4.06 |
| BD2011-181 |
99 |
131 |
32 |
0.54 |
| Including |
120 |
127 |
7 |
1.45 |
| BD2011-181 |
158 |
191 |
33 |
0.36 |
| Including |
159 |
160 |
1 |
3.97 |
| Including |
177 |
178 |
1 |
2.31 |
| BD2011-182 |
22 |
31 |
9 |
0.41 |
| Including |
22 |
23 |
1 |
1.79 |
| BD2011-182 |
63 |
111 |
48 |
0.39 |
| Including |
85 |
88 |
3 |
1.05 |
| Including |
94 |
95 |
1 |
5.11 |
| Including |
98 |
99 |
1 |
1.14 |
| Including |
103 |
104 |
1 |
1.74 |
| BD2011-182 |
130 |
144 |
14 |
0.57 |
| Including |
132 |
133 |
1 |
1.09 |
| Including |
137 |
138 |
1 |
2.05 |
| Including |
141 |
142 |
1 |
1.46 |
| BD2012-183 |
122 |
131 |
9 |
0.54 |
| Including |
128 |
129 |
1 |
3.19 |
| BD2012-183 |
181 |
239 |
58 |
0.5 |
| Including |
181 |
185 |
4 |
1.16 |
| Including |
190 |
195 |
5 |
0.99 |
| Including |
213 |
222 |
9 |
0.81 |
| BD2012-183 |
277 |
284 |
7 |
2.02 |
| Including |
277 |
278 |
1 |
12 |
| BD2012-183 |
394 |
404 |
10 |
0.58 |
| Including |
396 |
398 |
2 |
1.94 |
| Including |
403 |
404 |
1 |
1.17 |
| BD2012-184 |
48 |
128 |
80 |
0.43 |
| Including |
53 |
54 |
1 |
2.08 |
| Including |
93 |
97 |
4 |
2.77 |
| Including |
108 |
109 |
1 |
1.34 |
| Including |
127 |
128 |
1 |
4.41 |
| BD2012-184 |
157 |
167 |
10 |
2.07 |
| Including |
164 |
165 |
1 |
18.1 |
| BD2012-184 |
268 |
275 |
7 |
0.87 |
| Including |
268 |
270 |
2 |
1.23 |
| Including |
272 |
275 |
3 |
1.13 |
| BD2012-184 |
301 |
305 |
4 |
1.67 |
| Including |
301 |
302 |
1 |
1.78 |
| Including |
304 |
305 |
1 |
4.88 |
| BD2012-185 |
65 |
68 |
3 |
3.29 |
| Including |
65 |
66 |
1 |
8.02 |
| Including |
67 |
68 |
1 |
1.78 |
| BD2012-185 |
380 |
381 |
1 |
4.69 |
| BD2012-185 |
429 |
436 |
7 |
1.16 |
| Including |
433 |
434 |
1 |
5.81 |
Table 2: Result highlights from 181, 182,183,184
&185 core length not capped
Hole BD2011-181 intersected the top eastern edge of the near
surface zone in T2 and also further established the position and
extension of the middle zone. Hole BD2011-182 showed continuity of
the near surface zone in T2 for a potential open pit mining
operation. Hole BD2012-183 extended the mineralized zone vertically
within the 88 Diorite. Hole BD2012-184 illustrated the
near-surface "U" shape of the 88 Diorite and intersected both
flanks, the northwestern near surface and the southeastern at
depth. Hole BD2012-185 hit the edge of the "U" shape and shows the
88 extension turning east-west.
A drilling campaign is currently being planned to further
extend and better define the envelopes of mineralization at the
Bellechasse-Timmins gold deposit.
Bellechasse-Timmins Exploration Update:
There are currently 9 holes outstanding from the Winter 2012
campaign at the SGS Labs in Toronto including BD2012-186, 187, 188, 189,
190, 191, 193, 194 and Beland 04 and 05.
Samples were prepared and analyzed at SGS Minerals Services
laboratories in Don Mills,
Ontario. Analysis for gold was
done on one half of core samples following FAI525 fire assay
routine including extensive preparation of the samples. SGS
introduced standards and blanks in the sequence.
Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified
persons (QP) in compliance with National Instrument 43-101 and have
reviewed the technical contents of this press release.
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.
About Golden Hope Mines Limited:
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 and base metal projects suitable for underground
and/or open-pit mining. The company's focus is in southeastern
Quebec, Canada. The company's
claim blocks lie within an area that extends approximately 100
kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres
southwest of Beauceville. The
Bellechasse-Timmins gold deposit lies 5 kilometres southeast of
St-Magloire within the Bellechasse
Belt an approximately 18 kilometre long mineralized area. The
Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and the 88 Diorite. The company is also
looking to develop the Champagne zone, a partially explored base
metal and gold deposit that lies within the Company's Bellechasse
Belt claims. A recently completed VTEM survey may identify other
similar targets along the horizon. The company is also working to
develop other targets within its claim blocks including the FSG
gold and base metal target, Chute du Bras, the LG showing, Moose
Cliff, and Talon. For further information on Golden Hope Mines
Limited please visit www.goldenhopemines.com.
Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
SOURCE Golden Hope Mines Limited