Golden Hope Mines (TSX VENTURE: GNH)( Pink Sheets: GOLHF)
Golden Hope Mines Limited recently announced further significant results from its 2011 drill campaign in southeastern, Quebec. The company is pleased to present the following highlights from holes BD2011-174, 175, 176 and 177.
| Hole Number |
From |
To |
Length (m) |
Au (g/t) |
| BD2011-174 |
23 |
25 |
2 |
2.24 |
| BD2011-174 |
106 |
107 |
1 |
2.97 |
| BD2011-174 |
221 |
253 |
32 |
2.01 |
| Including |
233 |
238 |
5 |
10.18 |
| Including |
249 |
253 |
4 |
1.93 |
| BD2011-174 |
266 |
267 |
1 |
2.33 |
| BD2011-174 |
406 |
431 |
25 |
3.08 |
“The results continue to confirm significant widespread mineralization at Bellechasse-Timmins. We are pleased with the amount of important information that we continue to accumulate as we move closer to our initial goal of a resource estimate at Bellechasse-Timmins” states Frank Candido, President, Golden Hope Mines Limited.
Investment Highlights
- New discovery resulting in 20km mineralized gold belt
- 10,000+meter drill program currently in progress
- Recent Drilling Intersects 6140 g/t Au (197.4 oz/t Au) of Gold Over 1 Metre
- Target Potential for multiple multi-million ounce deposits
- Positive Preliminary Metallurgical Testing – recovery ranged from 97% to more than 99%
- Dominant land position in the most recent North American stalking rush
The Bellechasse Gold Belt
Location
- Site of the first gold rush in North-America in 1828
- Strategic land position comprising 80% of mineralized belt
- 554 mining claims spanning 24,436 hectares
- Excellent infrastructure nearby
Geology
Gold mineralization in the Bellechasse area occurs in quartz/carbonate veins in albite diorite and related intrusive rocks, and also in minor amount in the veins within the volcanoclastic rocks that host the diorite.
The area in which mineralization is known measures approximately 875 metres along 045° and approximately 650 metres across the regional strike. Gold-bearing zones consist in quartz-filled structures which locally exhibit stockwerk pattern and may be brecciated. They are known to develop in plug-like protrusions of diorite emplaced in the country rock (T1 Zone) and in larger diorite masses (T2 Zone).
Click to enlarge
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Corporate Website / Golden Hope Hub
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Tags: #mining, #smallcapstocks, $TSXV, gold, gold stock, small cap stock
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on Wednesday, March 7th, 2012 at 10:51 am and is filed under
Golden Hope Mines.
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