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TORONTO,
ONTARIO--(Marketwire - Aug. 10, 2009) - GOLDEN HOPE MINES LIMITED. (TSX
VENTURE:GNH)(PINK SHEETS:GOLHF): Golden Hope Mines is pleased to
announce the start of a bulk sampling program on its Timmins Gold
Deposit in Southeastern Quebec.
Trenching is under way along the strike of the Timmins 2A and 2B
mineralized zones confirmed by diamond drilling in 2007 and 2008.
Excavation of the overburden has exposed a complex of sub-vertical and
sub-horizontal quartz veins that support the interpretations based on
diamond drilling results.
The current work is designed to expose the T2 zones to allow bulk
sampling.
Diamond drill results from previous programs confirmed mineralization
of potential economic interest within the T2 zones.
Result highlights include: 2008 programme: (see press release January 29th, 2009) Hole no. From (m) To (m) Length (m) Grade Au (g/t) BD2008-92 132.0 140.0 8.00 3.477 BD2008-86 41 45 4 3.418 BD2008-88 46.0 50.0 4.000 2.317 2007 programme: (see press release December 3rd 2007) Hole no. From (m) To (m) Length (m) Grade Au (g/t) BD2007-66 48.62 55.07 6.45 7.51 Including 51.98 53.07 1.09 34.8 BD2007-67 37.86 56.64 18.78 1.85 Including 48.75 53.77 5.02 4.07
A detailed progress report
was released May 20th 2009.
Result highlights include:
- It is reasonable to expect the mineralized structures to extend below
deepest intersection of 230m to a depth of 1000m or more.
- Results of sampling diamond drill cores from Timmins 1 suggest an
average grade in the order of 2 g/t. Bulk sampling in a 2007 trench
returned an average of about 3.8 g/t and suggests the true gold content
exceeds drill indicated values.
- The central portions of the mineralized T1 and T2 zones suggest a
tonnage potential of 18,700 tonnes per vertical metre and 30,000 tonnes
per vertical meter if adjacent less intensely-mineralized material is
included (18.7 to 28 millions tonnes to a depth of 1000 meters).
Maps of the mineralized zones of the deposit as well as assay results
of both bulks sampling and diamond drilling from the 2007 - 2008
seasons are available at www.goldenhopemines.com
Golden Hope also plans to drill the geochemical anomaly surveyed in
late 2008 (see press release January 29th 2009) in the near future. The
survey results were rated at 4.3 out of 6 for parameters indicative of
gold mineralization in this target.
James Tilsley, 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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