 |
Friday, November 20, 2009
Bulk Tonnage Target Identified At Golden Harp Cook Zone; Intercepts Include 1.69 g/t Au over 37.6 m, 2.05 g/t Au over 45.1m, 1.36 g/t Au over 15 m, and 0.92 g/t Au over 27 m.
Vancouver -- Friday, November 20, 2009 -- Golden Harp Resources Inc. (GHR:TSXV) today announced that it has been advised by Benton Resources Corp. of the drill results from the recent program at the Cook and the MC gold zones. A compilation of Phase 1 and Phase 2 results for holes GH09-01 to GH09-10 on the Cook Zone has identified a bulk tonnage gold target which includes intercepts of 1.69 gpt gold over 37.6 meters from GH09-01, 2.05 gpt gold over 45.1 metres from GH09-02, 1.36 gpt gold over 15 metres from GH09-09 and 0.92 gpt gold over 27 meters in GH09-10.
The verbatim text of the news release issued by Benton Resources Corp. is included below:
BENTON IDENTIFIES BULK TONNAGE TARGET AT GOLDEN HARP COOK ZONE
Thunder Bay, Ontario: Benton Resources Corp (BTC: TSX.V, "Benton" or "the Company") is pleased to announce the results from the second phase drill program on the Golden Harp Option. A compilation of Phase 1 and Phase 2 results for holes GH09-01 to GH09-10 on the Cook Zone has identified a bulk tonnage gold target which includes intercepts of 1.69 gpt gold over 37.6 meters from GH09-01, 2.05 gpt gold over 45.1 metres from GH09-02, 1.36 gpt gold over 15 metres from GH09-09 and 0.92 gpt gold over 27 meters in GH09-10.
In addition, drilling identified wide zones of highly anomalous gold mineralization from the MC zone as well as from several Induced Polarization (IP) and soil geochemical targets located between the Cook and MC zones.
The Phase Two drill program included three holes (GH09-08 to GH09-10) which tested the Cook zone, three holes (GH09-21 to GH09-23) which tested the MC zone and 11 holes (GH09-11 to 20 and GH09-23) which tested various IP and soil geochemical exploration targets located between the Cook and MC zones.
The Company is very encouraged about the exploration and drilling on the Block A Option to date as these programs have clearly identified a large gold-bearing alteration system with the potential to host significant gold mineralization. A further drill program is planned for early 2010.
The Phase Three drill program will focus on the bulk tonnage target at the Cook zone, the newly discovered Crocker zone, (surface grab samples of up to 9.7 gpt gold -- see previous press release dated October 1, 2009) and additional testing of the anomalous gold mineralization intersected in this drill campaign.
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. (Benton P.R March 12, 2009).
The table below lists drill hole intercepts from Phase 1 and 2 drill programs. A map showing drill locations can be found on the company's web site www.bentonresources.ca
|
HOLE |
ZONE / TARGET |
FROM |
TO |
Au (g/t) |
Drill thickness |
|
|
|
|
|
|
(meters) |
|
GH09-01 |
COOK ZONE |
200.1 |
231.2 |
1.99 |
31.1 |
|
|
|
|
|
|
|
|
GH09-02 |
COOK ZONE |
86.7 |
92.7 |
0.75 |
6.0 |
|
|
|
114.7 |
157.3 |
2.15 |
42.6 |
|
|
incl |
130.4 |
135.9 |
11.97 |
5.5 |
|
|
and |
152.0 |
155.0 |
3.28 |
3.0 |
|
|
|
|
|
|
|
|
GH09-03 |
COOK ZONE |
216.6 |
221.6 |
1.43 |
5.0 |
|
|
|
|
|
|
|
|
GH09-04 |
COOK ZONE |
123.2 |
146.6 |
0.42 |
23.4 |
|
|
|
163.7 |
169.4 |
0.74 |
5.7 |
|
|
|
|
|
|
|
|
GH09-05 |
COOK ZONE |
182.0 |
205.5 |
0.31 |
23.5 |
|
|
|
|
|
|
|
|
GH09-06 |
COOK ZONE |
55.9 |
73.9 |
0.2 |
18.0 |
|
|
|
174.5 |
177.5 |
21.41 |
3.0 |
|
|
|
|
|
|
|
|
GH09-07 |
|
no significant results |
|
|
|
|
|
|
|
|
|
|
GH09-08 |
COOK ZONE |
no significant results |
|
|
|
|
|
|
|
|
|
|
GH09-09 |
COOK ZONE |
51.5 |
127.8 |
0.62 |
76.3 |
|
|
incl |
85.0 |
99.0 |
1.42 |
14.0 |
|
|
|
|
|
|
|
|
GH09-10 |
COOK ZONE |
24.0 |
84.0 |
0.68 |
60.0 |
|
|
incl |
35.0 |
45.0 |
0.83 |
10.0 |
|
|
and |
57.0 |
60.0 |
2.39 |
3.0 |
|
|
and |
74.0 |
84.0 |
1.2 |
10.0 |
|
|
|
|
|
|
|
|
GH09-11 |
IP ANOMALY |
no significant results |
|
|
|
|
|
|
|
|
|
|
GH09-12 |
IP ANOMALY |
no significant results |
|
|
|
|
|
|
|
|
|
|
GH09-13 |
IP ANOMALY |
no significant results |
|
|
|
|
|
|
|
|
|
|
GH09-14 |
IP / SOIL ANOMALY |
20.60 |
42.9 |
0.72 |
22.3 |
|
|
incl |
25.50 |
27.5 |
2.36 |
2.0 |
|
|
and |
35.5 |
42.9 |
1.16 |
7.4 |
|
|
|
|
|
|
|
|
GH09-15 |
IP ANOMALY |
168.2 |
171.6 |
0.49 |
3.4 |
|
|
|
|
|
|
|
|
GH09-16 |
IP ANOMALY |
41.0 |
62.0 |
0.72 |
21.0 |
|
|
incl |
44.0 |
50.0 |
1.32 |
6.0 |
|
|
|
230.0 |
239.0 |
0.53 |
9.0 |
|
|
|
|
|
|
|
|
GH09-17 |
IP ANOMALY |
116.0 |
167.0 |
0.22 |
51.0 |
|
|
|
|
|
|
|
|
GH09-18 |
IP ANOMALY |
83.4 |
86.5 |
0.6 |
3.1 |
|
|
|
|
|
|
|
|
GH09-19 |
IP ANOMALY |
83.0 |
101.0 |
0.42 |
18.0 |
|
|
|
129.5 |
141.5 |
0.23 |
12.0 |
|
|
|
|
|
|
|
|
GH09-20 |
MC ZONE |
57.50 |
69.5 |
0.34 |
12.0 |
|
|
|
118.60 |
153.0 |
0.3 |
34.4 |
|
|
|
|
|
|
|
|
GH09-21 |
MC ZONE |
71.00 |
131.00 |
0.33 |
60 |
|
|
incl |
71.0 |
75.0 |
1.54 |
4.0 |
|
|
and |
127.0 |
131.0 |
0.88 |
4.0 |
|
|
|
180.5 |
192.9 |
0.59 |
12.4 |
|
|
|
|
|
|
|
|
GH09-22 |
MC ZONE |
187.0 |
203.0 |
0.7 |
16.0 |
|
|
incl |
187.0 |
193.0 |
1.53 |
6.0 |
|
|
|
216.0 |
338.0 |
0.33 |
122.0 |
|
|
incl |
282.0 |
291.0 |
0.72 |
9.0 |
|
|
|
|
|
|
|
|
GH09-23 |
MC ZONE |
103.0 |
105.0 |
1.95 |
2.0 |
|
|
|
134.0 |
158.0 |
0.27 |
24.0 |
Benton currently has approximately $14.2 million in cash and in addition to holding various interests in a number of exploration projects, owns a 33% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
For further information contact Stephen Stares, President & CEO, (807) 475-7474 www.bentonresources.ca
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. Golden Harp has 24,673,042 shares outstanding. For further information about Golden Harp Resources Inc., please visit our website at www.goldenharpresources.com or contact:
Natasha Blackburn, President and CEO, 604-688-4277 or Kevin Filo, Senior Geologist, 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 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 accepts responsibility for the adequacy or accuracy of this release.
|
|
|