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Exploration Update on Golden Hope’s Poly-metallic Massive Sulphide Champagne Deposit in the Bellechasse Belt of Southeastern Quebec

Posted by AGORACOM-JC at 8:00 AM on Wednesday, February 18th, 2015

Montreal, Quebec / February 18, 2015 / Golden Hope Mines Limited (TSX VENTURE: GNH) – Golden Hope Mines Limited (‘Golden Hope”, or “the Company”) is pleased to announce that the Institut national de la Recherche Scientifique (“INRS”) led by Marc Richer-Lafleche has submitted its report of a high resolution Audiomagnetotelluric Survey and a Petrophysical Study on the poly-metallic massive sulphide Champagne Deposit in the region of Bellechasse, Quebec. This survey and study followed a Versatile Time Domain Electromagnetic Survey (“VTEM”) that was conducted by Geotech for Golden Hope in late 2011, and confirmed the presence of a number of strong electromagnetic and magnetic anomalies within the Beauceville Formation (Magog Group) and more specifically over the known areas containing massive sulphide deposits. The Champagne sulphide mineralization appears to be a hybrid structure, possessing characteristics of both Sedimentary Exhalative Deposits (‘SEDEX”) and Volcanic-Hosted Massive Sulfide Deposits (“VMS”).

The Audiomagnetotelluric Survey was conducted with readings 25 to 50 metres (“m”) apart, and had a deep vertical penetration of 1500m. The results from the survey over the known Champagne Deposit mineralization indicate a significant sub-vertical conductor beneath the massive sulphides confirmed through previous drilling. The conductor (V) begins at approximately 240m of vertical depth and extends to approximately 650m depth with a maximum implied thickness of approximately 60m. (Figure 2.)

A second prospective conductor (IV) was indentified approximately 500m south of the Champagne Deposit, beginning at approximately 225m vertical depth and extending to an approximate depth of 880m, with a maximum implied thickness of 160m. This second conductor has been interpreted to be associated with the first conductor indicating the repetition of the sulphide target horizon through the presence of a structural fold (syncline).

As a result of this important and encouraging new interpretation of what might potentially be large tonnage poly-metallic sulphide deposits within the Champagne Belt of Southeastern Quebec. Golden Hope will develop an exploration plan to further evaluate the potential of these large geophysical targets associated with the known massive sulphide mineralization. The Company will also expand the geophysical program to determine if similar targets occur elsewhere within the Champagne Belt.

The Company’s contiguous mineral claims include approximately 10 linear kilometres of the stratigraphic horizon near the base of the Beauceville Formation that hosts the Champagne occurrence. The Champagne occurrence lies on the north limb of a synclinal fold. An additional 20 linear kilometres of the horizon is exposed within the company’s claims that cover the south limb of the syncline. The Champagne Deposit is a partially explored base and precious metal occurrence that lies entirely within the Company’s 100% owned Bellechasse Belt, on claims 3.5 kilometres north of the Company’s Bellechasse-Timmins Gold Deposit. Previous work on Champagne outlined a historic estimate of 250,000 tonnes of massive and disseminated sulphides, averaging 2.4 g/t gold, 19.7 g/t silver, 2.7% zinc, 0.40% copper and 0.45% lead (Paradis, Bosse and Gauthier, 1995 Report from the Centre Geoscientifique de Quebec, referencing Bergman (1954)). A Qualified Person as defined by National Instrument 43-101 has not done sufficient work to classify the historical estimate as a current mineral resource, nor is Golden Hope treating the historical estimate as a current mineral resource.

A copy of the INRS presentation can be found on the company’s web site at: http://goldenhopemines.com/exploration/

Marc Richer-Lafleche who is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.

Statements Regarding Forward-Looking Information

Information set forth in this news release by Golden Hope Mines Limited may contain forward-looking information within the meaning of Canadian securities laws. Forward-looking information includes statements that relate to future, not past, events. In this context, forward-looking information often addresses the Company’s expected future business and financial performance, and often contains words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”, statements that an action or event “may”, “might”, “could”, “should” or “will” be taken or occur, or other similar expressions (including negative and grammatical variations). Such information includes plans, timing and expectations for updates of the Company’s resource estimate; expectations regarding the Company’s planned exploration activities and budget; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. Specifically relating to possible mining of the Bellechasse-Timmins gold deposit, the Company must obtain specific permits beyond the Certificate of Authorization; may complete additional exploration and development work; and obtain appropriate financing before mining may begin. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the following risks: the risks associated with any outstanding litigation; risks associated with exploration activities and project development; timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of resource estimate updates; the need for additional financing; operational risks associated with mineral exploration; fluctuations in gold and other commodity prices; title matters; technical and permitting issues; environmental liability claims; insurance matters; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; the impact of taxation; and general economic conditions. Forward-looking information is based on management’s beliefs, estimates and opinions on the date hereof and the Company undertakes no obligation to update any forward-looking information if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking information.

Any historical mineral quantities set forth herein are, unless otherwise indicated, are not compliant with National Instrument 43-101.

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:

Golden Hope Mines Limited.

www.goldenhopemines.com

Frank Candido, Presdient, Director

Tel : 514-969-5530

fcandido@goldenhopemines.com


Click Image To View Full Size

Figure 1. Location of the Champagne Deposit in relation to the Bellechasse-Timmins Gold Deposit


Click Image To View Full Size

Figure 2. The Audiomagnetotelluric Survey over the known Champagne Deposit in Bellechasse, Quebec.

Golden Hope announces Additional Gold Assays, 16 meters of 1.66 grams per ton gold, 195 intersected 90 meters of 0.59 grams per ton gold

Posted by AGORACOM-JC at 10:27 AM on Thursday, January 17th, 2013

Golden Hope announces Additional Gold Assays from its Bellechasse-Timmins Gold Deposit

Highlights include:

  • Hole 137d intersected 16 meters of 1.66 grams per ton gold
  • Hole 195 intersected 90 meters of 0.59 grams per ton gold

Press Release / Corporate Website / Hub On AGORACOM

———————————————–

Golden Hope announces Additional Gold Assays from its Bellechasse-Timmins Gold Deposit

TSX VENTURE: GNH
Pink Sheets: GOLHF

MONTREAL, Jan. 17, 2013  – Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce the latest results from the 2012 drill campaign on the Bellechasse-Timmins Gold Deposit in southeastern Quebec. The drill holes confirm and improve the confidence of its resource and further extend mineralised zones (88 Zones) at surface.

The company is pleased to present the following table of highlights from eight holes.

 

Hole Number From To Length (m) Au (g/t)
BD2012-137d 481 497 16 1.66
Including 494 495 1 9.86
BD2012-154d 339 340 1 1.48
BD2012-195 9 11 2 0.87
BD2012-195 188 278 90 0.59
Including 188 208 20 1.21
Including 215 222 7 1.03
Including 232 238 6 1.03
Including 271 273 2 2.57
BD2012-195 * 336 337 1 144.0
BD2012-196 74 87 13 0.71
BD2012-197 67 68 1 1.13
BD2012-197 98 99 1 2.09
BD2012-198 109 114 5 0.31
BD2012-199 143 153 10 0.64
Including 146 147 1 4.30
BD2012-200 191 201 10 0.66
Including 191 192 1 2.68
Including 199 200 1 1.82

Table 1: Highlights from Bellechasse-Timmins holes; length are core lengths and results are not capped.  
 *= previously reported in the November 7, 2012 news release (nr_2012_11_07.pdf).

“We are very pleased with these latest results as they not only confirm the previous results announced on the Bellechasse-Timmins gold deposit but also extend the 88 zones near surface” states Frank Candido, President, Golden Hope Mines Limited.

Of the 21 holes drilled in the fall 2012 drill campaign, eleven (11) were drilled in the Bellechasse-Timmins gold deposit and ten (10) on other targets on the Bellechasse-Timmins claims block. The 10 holes on other targets are still pending assay results.

Drilling on Bellechasse-Timmins gold deposit area aimed at improving confidence in the resource model; to better define the mineralized structures and to extend the 88 zones to the east close to surface. Holes BD2012-137d and BD2012-154d were extensions of existing holes, BD2012-195 was a new hole, while holes BD2012-196 through 200 were all near surface holes drilled to extend the 88 zones.

  • Holes BD2012-137d and 154d both cut mineralized diorites and improved confidence in the resource estimate. Hole BD2012-137d confirmed the previously interpreted mineralized zone with a horizontal true width of 14 meters. Hole BD2012-154d tested the extension of the Ascot mineralization down to 305 meters depth.
  • Hole BD2012-195 was drilled two sections to the northwest of the “magic core” in hole BD2011-167 which yielded 6140 g/t gold over 1 meter.  The hole confirmed the mineralized envelope and tested the lateral extent of the “jewellery zone” of the 167 holes (BD2011-167, BD2011-167a and BD2012-167b).  The 90 meter long interval grading 0.59g/t Au confirming the presence of the mineralized envelope.  Its steep and somewhat oblique drilling angle explains the 90 meter long interval; on section and it matches the 55 meter intervals of the 167 holes ( http://www.goldenhopemines.com/_resources/news_releases/nr_2012_03_05.pdf) . The high grade, 144g/t Au, result from 336 to 337 meters is interpreted as the lateral extension of the original “magic core” of BD2011-167.  Further drilling will be required to better define its orientation and extent.
  • BD2012-196, 197, 198, 199 and 200 were drilled at the eastern extension of the 88 Zones at shallow depths to extend its mineralized surface to the east and to depth.  BD2012-196 and 197 intersected the mineralized envelope below BD2012-188 and 193 respectively.  Holes BD2012-198 and 199 were drilled on section 70 metres away and encountered the mineralized envelope which extended the 88 Zones eastward. The drill was then moved south along the same section and hole BD2012-200 intersected the same envelope down dip.
  • Holes BD2012-201, 202 and 203 were drilled 500 meters southwest of the Bellechasse-Timmins gold deposit to test a Quebec Ministere des Ressource Naturelles (MRN) interpreted diorite dyke which returned no significant results.

Samples for gold (Au) were prepared and analyzed at Actlabs in Ancaster, Ontario. Analysis for gold was done on one half of core samples following Fire Assay Gravimetric method including a specific sample preparation. For QA-QC purposes, blanks were introduced by GNH prior to shipping and in addition ActLabs introduced standards and blanks in the sequence during sample preparation.

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.

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.

Statements Regarding Forward-Looking Information: Information set forth in this news release by Golden Hope Mines Ltd. may contain forward-looking information within the meaning of Canadian securities laws. Forward-looking information includes statements that relate to future, not past, events. In this context, forward-looking information often addresses the Company’s expected future business and financial performance, and often contains words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”, statements that an action or event “may”, “might”, “could”, “should” or “will” be taken or occur, or other similar expressions (including negative and grammatical variations). Such information includes plans, timing and expectations for updates of the Company’s resource estimate; expectations regarding the Company’s planned exploration activities and budget; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the following risks: the risks associated with any outstanding litigation; risks associated with exploration activities and project development; timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of resource estimate updates; the need for additional financing; operational risks associated with mineral exploration; fluctuations in gold and other commodity prices; title matters; technical and permitting issues; environmental liability claims; insurance matters; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; the impact of taxation; and general economic conditions. Forward-looking information is based on management’s beliefs, estimates and opinions on the date hereof and the Company undertakes no obligation to update any forward-looking information if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking information. 

Any historical mineral quantities set forth herein are, unless otherwise indicated, not compliant with National Instrument 43-101.

 

SOURCE: Golden Hope Mines Limited

For further information:Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com

Golden Hope Mines Releases NI43-101 Technical Report on the Bellechasse-Timmins Property in Southeastern Quebec, Canada

Posted by AGORACOM-JC at 11:59 AM on Thursday, August 2nd, 2012

TSX VENTURE: GNH
PINK SHEETS: GOLHF

MONTREAL, Aug. 2, 2012 /CNW/ – Golden Hope Mines Limited (TSX VENTURE: GNH Pink Sheets: GOLHF) is pleased to provide an independent NI 43-101 Technical Report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), on its Bellechasse-Timmins Project in Southeastern Quebec. The Bellechasse-Timmins gold deposit is located approximately 7 kilometres by paved road from the village of St-Magloire in the Bellechasse Township, Beauce Region of southeastern Quebec or approximately 83 kilometres east-southeast of Quebec City

“We are very pleased with having achieved this important milestone for Golden Hope and its shareholders. This is a first important step in establishing southeastern Quebec as an important district for Gold within Quebec. We believe that the mineralization demonstrated to date at Bellechasse-Timmins could simply be the tip of the iceberg for Golden Hope. GNH has a clear plan to continue to expand the resource through further exploration,” states Frank Candido, President, Golden Hope Mines Limited.

“We are also excited about the prospects of further discoveries along this mineralized belt, especially as the Bellechasse-Timmins deposit only represents less than 1% of our claim block in the region. The Champagne Volcanoclastic Massive Sulphide (“VMS”) zone, which is less than 4 kilometres from Bellechasse-Timmins to the north, is a perfect example of the potential for further economic deposits within this essentially virgin belt. Since 2007, Golden Hope has been the only company to have the vision, determination and resolve to demonstrate that the Appalachian Belt within Quebec could host significant deposits for gold, precious metals and base metals. Since the early days when alluvial gold was mined in this area, no company has discovered nor spent the resources necessary to search for the source of the metal in those placers. As we continue to develop the belt into a potential mining camp, we will also continue to seek out the sources of that alluvial gold. Golden Hope will work to expand its current resource, establish other resources and seek new discoveries in southeastern, Quebec,” further states Frank Candido, President, Golden Hope Mines Limited.

The Technical Report entitled “Bellechasse-Timmins Property Resource Estimate, Southeastern Quebec” dated August 1, 2012 with an effective date of June 18, 2012, when it was initially released to the market via public dissemination, was prepared by SGS Canada Inc. and authored by Claude Duplessis, P.Eng., and Claude Bisaillon, P.Eng., and Gilbert Rousseau P. Eng.; Qualified Persons as defined by NI 43-101. The Technical Report is available through the internet under the Company’s profile on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the Company’s website at www.goldenhopemines.com

The following table summarizes the block model estimates using various cut-off grades:

GOLDEN HOPE MINES LTD
Bellechasse-Timmins
Class Tonnage (Tonnes) Grade ( g/t Au) Au (oz) Cut-off (g/t)
Indicated 5,286,000 1.20 204,000 0.30
Indicated 3,496,000 1.61 181,000 0.50
Indicated 2,905,000 1.83 171,000 0.60
Indicated 1,700,000 2.58 141,000 1.00
Indicated 692,000 4.32 96,000 2.00
Indicated 367,000 5.98 71,000 3.00
Inferred 3,816,000 0.96 118,000 0.30
Inferred 2,673,000 1.21 104,000 0.50
Inferred 2,173,000 1.36 95,000 0.60
Inferred 1,127,000 1.90 69,000 1.00
Inferred 311,000 3.32 33,000 2.00
Inferred 124,000 4.75 19,000 3.00

Note: Rounded numbers, base case cut-off >0.6 g/t gold and capped at 30 g/t.
Author: Claude Duplessis, June 15, 2012

SGS also estimated the resource estimate using uncapped composites.  This yields an in situ indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t.

The significant effect of capping the resource suggests that additional drilling is needed to better delineate the high-grade zones in three dimensions and treat them separately as higher-grade zones with a potentially higher capping.

Although the project is at an early stage of development, SGS suggests there is a reasonable prospect of economic extraction by open pit and underground mining when applying a 0.60 g/t cut off for an open pit and 2.0 g/t cut off for an underground mining operation.

SGS also performed a number of metallurgical tests at the Bellechasse-Timmins gold deposit during the most recent exploration campaign. When combining the results from April 26, 2012 with 5 previously announced samples on January 23, 2012, gold recovery using gravity separation ranged from 37% to an outstanding 92% with an average of 77.3%, while total gold recovery using a combination of gravity separation and cyanidation ranged from 95.5% to more than 99.6% with an average total gold recovery of 98%.

SGS’s Interpretation and Conclusions are summarized below:

  • SGS believes that the Bellechasse Belt is highly prospective and that further resources could be discovered with additional exploration and development.
  • The Bellechasse-Timmins deposit has further mineral potential since the true extent of the mineralization on the property within the diorites and other geological units in the belt has not been fully explored.
  • The exploration potential is open since only a small area has been explored with drilling by GNH.
  • There is every reason to believe that the area of potential mineralization at the Bellechasse-Timmins property is large.
  • The stated resources are not materially affected by any known environmental, permitting, legal, title, taxation, socio-economic, marketing, political or other known relevant issues.
  • There are no known mining, metallurgical, infrastructure, or other factors that materially affect this mineral resource estimate, at this time.
  • SGS recommends further exploration on the Bellechasse Belt by Golden Hope Mines Limited as it is both warranted and justified and the potential for the discovery of additional resources is good.

Based on the information compiled to date, SGS strongly recommends the continuance of the exploration campaign within the Bellechasse Belt. The exploration campaign should allow for up to 18,000 metres of additional drilling. This campaign can be broken up into various phases with the first phase comprising approximately 2,500 metres. SGS also recommends that the exploration and drill campaign target the further expansion of the resource at the Bellechasse-Timmins gold deposit, drill the existing known anomalies such as the Champagne VMS zone and test for new discoveries.

Golden Hope will announce its exploration plan shortly. The Company’s primary focus is to expand and grow the resource through further exploration. Once the Company is confident in the level of exploration, it will determine when it should complete a Preliminary Economic Assessment (PEA).

Mr. Claude Duplessis, Eng. of SGS is a Qualified Person who has reviewed and approved the technical contents of this news release and is responsible for the technical information reported herein, including verification of the data disclosed in compliance with NI 43-101.

About Golden Hope:

Golden Hope 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 Québec, Canada. The Company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 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 please visit www.goldenhopemines.com.

Statements Regarding Forward-Looking Information: Some statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Such statements include the timing for a technical report; and plans for further exploration and drilling at Bellechasse-Timmins, Champagne/VMS and other targets along the Bellechasse Belt, as well as the potential impact of exploration on the resources of the Company. Investors are cautioned that forward-looking information is inherently uncertain and involves risks and uncertainties that could cause actual facts to differ materially, including timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of a technical report at SGS or elsewhere; fluctuations in gold price and costs; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby.

The Company expects that these estimates will change as new information is received. While the Company may elect to update these estimates at any time, the Company does not undertake to update any estimate at any particular time or in response to any particular event.

 

 

SOURCE: Golden Hope Mines Limited

Golden Hope Mines Limited
Frank Candido: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com

Golden Hope Appoints Arvind Jain to its Board of Directors

Posted by AGORACOM-JC at 10:54 AM on Thursday, June 21st, 2012

Golden Hope Mines Limited (TSX VENTURE: GNH) (PINK SHEETS:GOLHF)is pleased to announce the appointment of Mr. Arvind Jain to its Board of Directors.

Mr. Jain is Vice-President of Strategy & Investments at Rio Tinto Alcan Inc. He has been with the company since 2002. Earlier, he has held positions in Corporate Strategy and Mergers & Acquisitions with Alcan, a Canadian mining company and aluminum manufacturer. Alcan was purchased by Anglo Australian multinational Rio Tinto in 2007, becoming Rio Tinto Alcan Inc. in Canada’s largest M&A transaction at that time in which Mr. Jain played a key role.

Mr. Jain earned a Ph.D. and M.S. in Operations Research from Case Western Reserve University. He also received a B. Tech. in Mechanical Engineering from the Indian Institute of Technology (IIT), Kharagpur, India and is a past president of the IIT Foundation.

He has over 30-years of experience in the aluminum industry having worked at Kaiser Aluminum prior to Alcan. Mr. Jain has also worked in the areas of energy modeling with SRI International and Stanford University.

“We welcome the addition of Mr. Jain to the Board. His extensive experience in business development and strategic planning will be an excellent complement to the current Board of Directors”, states Robert Stocks, Chairman of the Board, Golden Hope Mines Limited.

“We are extremely pleased with the addition of Mr. Jain to our Board of Directors. Mr. Jain has a thorough knowledge of business processes and an excellent understanding of the capital markets. His experience in corporate strategy and mergers and acquisitions in a global setting, and his track record in originating and developing joint venture agreements with multiple stakeholders, including local communities, will definitely help to drive the company forward as we build upon our recently released resource estimate and further explore our large claim block in southeastern Quebec”, states Frank Candido, President, Golden Hope Mines Limited.

The Board has granted incentive stock options to Mr. Jain to purchase 250,000 common shares of Golden Hope at a price of $0.09 per share for a period of three years ending June 21, 2015.

About Golden Hope:

Golden Hope 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 Québec, Canada. The Company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 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 please visit www.goldenhopemines.com.

Golden Hope Mines Limited
Frank Candido: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com

Source:  http://www.newswire.ca/en/story/997137/golden-hope-appoints-arvind-jain-to-its-board-of-directors

Golden Hope provides first NI 43-101 resource estimate for the Bellechasse-Timmins gold deposit *ad sponsor*

Posted by AGORACOM-JC at 1:37 PM on Monday, June 18th, 2012

Golden Hope provides first NI 43-101 resource estimate for the Bellechasse-Timmins gold deposit, the first ever for Golden Hope in southeastern Quebec

Golden Hope Mines Limited (TSX VENTURE: GNH) (Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to provide an independent National Instrument 43-101 compliant gold mineral resource estimate on its Bellechasse-Timmins Gold deposit located along the Bellechasse-Beauceville mineral trend in southeastern Quebec, 5 kilometres southeast of St-Magloire de Bellechasse.

The following table summarizes the block model estimates using various cut-off grades:

GOLDEN HOPE MINES LTD
Bellechasse-Timmins
Class Tonnage (Tonnes) Grade ( g/t Au) Au (oz) Cut-off (g/t)
Indicated 5,286,000 1.20 204,000 0.30
Indicated 3,496,000 1.61 181,000 0.50
Indicated 2,905,000 1.83 171,000 0.60
Indicated 1,700,000 2.58 141,000 1.00
Indicated 692,000 4.32 96,000 2.00
Indicated 367,000 5.98 71,000 3.00
Inferred 3,816,000 0.96 118,000 0.30
Inferred 2,673,000 1.21 104,000 0.50
Inferred 2,173,000 1.36 95,000 0.60
Inferred 1,127,000 1.90 69,000 1.00
Inferred 311,000 3.32 33,000 2.00
Inferred 124,000 4.75 19,000 3.00

 

Corporate Website / Hub on AGORACOM

AGORACOM Small-Cap Wire: BHP Billiton Awards Sonomax (SHH:TSXV) Additional $600,000 Contract For Hearing Protection

Posted by AGORACOM at 9:39 AM on Tuesday, May 8th, 2012

AGORACOM WIRE – TUESDAY MAY 8TH

BREAKING ….. SONOMAX GETS ADDITIONAL $600,000 ORDER FROM BHP BILLITON …. POTENTIAL FOR EVEN MORE …. 

FOCUS METALS and Hydro-Quebec’s IREQ Sign Graphite Purification Technology Agreement and Anode Production Agreement for Li-Ion Batteries Read More *SPONSOR

GOLDEN HOPE MINES Intersects 25 metres of 2.06 g/t Gold and 8 metres of 2.26 g/t Gold Read More *SPONSOR

JUNIORS FEEL HEAT FROM REGULATORS OVER DISCLOSURE Read Post

GRAPHITE TOUGH  Graphite proving resilient in tough markets, constrained supply expected Read More

 

 

AGORACOM Small-Cap Wire – Focus Metals Signs Graphite Purification Deal; GNH Hits “Significant” Gold Near Surface

Posted by AGORACOM at 11:48 AM on Monday, May 7th, 2012


AGORACOM WIRE – MONDAY MAY 7TH

BREAKING ….. FOCUS METALS HALT LIFTED ON TODAY’S NEWS ….

FOCUS METALS and Hydro-Quebec’s IREQ Sign Graphite Purification Technology Agreement and Anode Production Agreement for Li-Ion Batteries Read More *SPONSOR

GOLDEN HOPE MINES Intersects 25 metres of 2.06 g/t Gold and 8 metres of 2.26 g/t Gold Read More *SPONSOR

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Golden Hope Intersects 25 metres of 2.06 g/t Gold and 8 metres of 2.26 g/t Gold

Posted by AGORACOM-JC at 9:59 AM on Monday, May 7th, 2012

Golden Hope Mines Limited (TSX VENTURE: GNH) (Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce significant drill results from its recently completed Winter 2012 drill program at the Bellechasse-Timmins Gold Deposit in southeastern Quebec.

Significant near surface vertical depth results include:

  • 3 metres of 1.18 g/t Au and 8 metres of 2.26 g/t Au at 137 meters from surface in hole BD2012-186, 25 metres of 2.06 g/t Au including 5 metres of 9.21 g/t Au at 42 meters from surface in hole BD2012-188,
  • 41 metres of 1 g/t including 6 metres of 3.53 g/t Au and 3 metres of 2.40 g/t Au at 150 meters from surface in hole BD2012-190,
  • 9 metres of 1.82 g/t Au including 7 metres of 2.23 g/t Au at 53 meters from surface in hole BD2012-193 and
  • 3 metres of 12.63 g/t Au including 1 metre of 37.60 g/t Au at 117 meters from surface in hole BD2012-194.

Bellechasse-Timmins
Proposed Drilling
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Bellechasse-Timmins
Plan View
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Corporate Website / Golden Hope Hub

Golden Hope Mines Announces Further Excellent Gold Recovery Testwork and Provides an Exploration Update at its Bellechasse-Timmins Gold Project in Southeastern Quebec

Posted by AGORACOM-JC at 9:00 AM on Thursday, April 26th, 2012

MONTREAL, April 26, 2012 – Golden Hope Mines Limited (TSX VENTURE: GNH) (Pink Sheets: GOLHF) – Golden Hope is pleased to announce further positive gold recovery from further preliminary metallurgical test work at its Bellechasse-Timmins gold project in southeastern Quebec, Canada. Additional test work was completed on thirteen composite samples taken from drill core from its 2011 drill program.

When combining the current results with 5 previously announced samples on January 23, 2012 (http://cnw.ca/zdU0), gold recovery using gravity separation ranged from 37% to an outstanding 92% with an average of 77.3%, while total gold recovery using a combination of gravity separation and cyanidation ranged from 95.5% to more than 99.6% with an average total gold recovery of 98%.

“We are extremely pleased with these additional results as they once again demonstrate the excellent gold recovery by gravity while achieving outstanding recoveries using a combination of gravity and cyanidation” explains Frank Candido, President, Golden Hope Mines Limited.

The testwork also determined the head grades of the various composites and compared them with the individual assay results previously announced. SGS Geostat selected composite samples from thirteen different mineralized intersections at various depths with variable grades from drill core that tested mineralized zones within the T1 and T2 diorite at the Bellechasse-Timmins gold deposit. The testwork produced a total gold metallurgical balance that shows calculated feed grade, tailing losses and overall gold recovery data.

A summary of results can be viewed in Table 1 and Table 2 below.

Gravity Test Results Summary

Gravity Conc Recovery Gravity Tail Head Average Fire
Sample Test K80 Wt. Assay Au Assay* calc. Assay
µm % Au, g/t % Au, g/t Au, g/t Au, g/t
Comp 1 G1 93 0.035 2710 84.8 0.170 1.12 0.87
Comp 2 G2 67 0.050 7899 92.3 0.330 4.27 6.10
Comp 3 G3 82 0.061 1039 87.6 0.090 0.73 0.82
Comp 4 G4 65 0.066 764 83.6 0.100 0.61 0.37
Comp 5 G5 67 0.093 1099 54.4 0.860 1.89 1.45
Comp 6 G6 72 0.041 1432 61.0 0.380 0.97 0.50
Comp 7 G7 49 0.038 309 70.2 0.050 0.17 0.33
Comp 8 G8 70 0.043 1383 78.8 0.160 0.76 0.81
Comp 9 G9 97 0.040 476 73.3 0.070 0.26 0.30
Comp 10 G10 45 0.088 490 86.0 0.070 0.50 1.27
Comp 11 G11 46 0.071 420 36.9 0.510 0.81 1.07
Comp 12 G12 72 0.041 3934 79.8 0.410 2.03 7.01
Comp 13 G13 61 0.034 1712 90.6 0.060 0.64 1.67
Comp 14 G14 95 0.053 3198 92.4 0.140 1.84 0.97
Comp 15 G15 63 0.039 2018 74.4 0.270 1.05 1.33
Comp 16 G16 53 0.035 1250 79.9 0.110 0.55 1.04
Comp 17 G17 66 0.060 4082 90.1 0.270 2.73 2.28
Comp 18 G18 52 0.055 600 75.1 0.110 0.44 1.73

*calculated head from cyanidation test

Cyanidation Test Results Summary

Sample Test Reagent
Addition, kg/t
Reagent
Consumption, kg/t
Recovery
Au
Residue
Assay*
CN Feed
calc.
Overall Au Recovery
Gravity/Cyanidation
NaCN CaO NaCN CaO % Au, g/t Au, g/t %
Comp 1 BC1 1.61 0.46 0.96 0.43 88.9 0.019 0.170 98.3
Comp 2 BC2 1.82 0.40 1.28 0.36 94.9 0.017 0.330 99.6
Comp 3 BC3 1.70 0.49 1.18 0.44 84.0 0.014 0.090 98.0
Comp 4 BC4 1.55 0.30 1.64 0.26 91.4 0.009 0.100 98.6
Comp 5 BC5 1.73 0.22 1.90 0.17 92.3 0.066 0.860 96.5
Comp 6 CN6 0.85 0.88 0.51 0.88 98.2 0.007 0.380 99.3
Comp 7 CN7 1.41 0.62 0.80 0.60 90.0 <0.005 0.050 97.0
Comp 8 CN8 1.54 0.60 0.98 0.56 95.6 0.007 0.160 99.1
Comp 9 CN9 1.02 0.77 0.45 0.76 88.9 <0.008 0.070 97.0
Comp 10 CN10 1.58 1.24 1.00 1.22 92.4 <0.005 0.070 98.9
Comp 11 CN11 1.66 1.30 0.96 1.27 96.7 0.017 0.510 97.9
Comp 12 CN12 1.12 0.47 0.45 0.45 90.6 0.039 0.410 98.1
Comp 13 CN13 1.55 0.53 0.97 0.50 93.1 0.005 0.060 99.4
Comp 14 CN14 0.92 0.56 0.19 0.51 76.2 0.033 0.140 98.2
Comp 15 CN15 1.83 0.32 1.16 0.29 95.2 0.013 0.270 98.8
Comp 16 CN16 1.99 0.38 1.33 0.35 94.0 0.007 0.110 98.8
Comp 17 CN17 1.02 0.28 0.66 0.26 54.2 0.051 0.270 95.5
Comp 18 CN18 1.54 0.43 0.99 0.41 94.0 0.007 0.110 98.5

*Average of six residue assays.

Average gold grades of the fire assay are slightly higher than the average total gold results and therefore suggests the need to cap the fire assay outliers.

The tests were performed under the supervision of Lesley Hendry, project metallurgist at SGS Lakefield. Details of the Total Gold metallurgical tests with accompanying tables are available upon request by contacting the company at (514) 750-8218 or info@goldenhopemines.com.

Claude Duplessis, Eng. is an independent qualified person as defined by National Instrument 43-101 and has reviewed the technical contents of this press release.

Exploration Update:

Bellechasse-Timmins

There are currently 9 holes outstanding from the Winter 2012 drill campaign at SGS Laboratories in Toronto including BD2012-186, 187, 188, 189, 190, 191, 193, 194 and Beland 05. The Company will announce the results from these holes once received. The Company is also currently working on a plan for a continued exploration/definition drill campaign at Bellechasse-Timmins as well as drilling other priority targets along the Bellechasse Belt.

Champagne/VMS

The Company is currently developing a plan for an exploration/definition drill campaign at the Champagne zone as well as at other priority targets that have been recently identified from the VTEM (helicopter-borne time-domain electromagnetic) survey flown over the area in December 2011. The Company is targeting additional precious metal rich VMS deposits that may be lie within its claim block. The VTEM survey results suggest that there are a significant number of high priority targets that require drill testing.

Resource Estimate

Since April 2011, the Company has been working closely with SGS Geostat of Blainville, Quebec towards the publication of its first resource estimate. The Company had until recently been targeting Q1 of 2012 as a cut off date for results to be included in the resource estimate. However, not all of the outstanding assay results from the previously conducted Bellechasse-Timmins drill campaign had been received and interpreted during Q1 of 2012. The Company is anticipating that the outstanding assay results will be received by the end of this month and is currently targeting announcing a resource estimate for Bellechasse-Timmins in late May or early June 2012.

About Golden Hope:

Golden Hope 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 Québec, Canada. The Company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 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 please visit www.goldenhopemines.com.

Statements Regarding Forward-Looking Information: Some statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Such statements include plans, timing and expectations for a resource estimate; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. Investors are cautioned that forward-looking information is inherently uncertain and involves risks and uncertainties that could cause actual facts to differ materially, including timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of a resource estimate at SGS Geostat or elsewhere; fluctuations in gold price and costs; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. The Company expects that these estimates will change as new information is received. While the Company may elect to update these estimates at any time, the Company does not undertake to update any estimate at any particular time or in response to any particular event.

For further information:Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com

AGORACOM Small-Cap Wire: Sonomax Has Global Clients; Seafield PEA; Nightingale Informatix $2.15M EMR Deal

Posted by AGORACOM at 9:16 AM on Monday, April 23rd, 2012

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