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Golden Hope Intersects 3.08 g/t Au Over 25 Metres and 2.01 g/t Au Over 32 Metres at Bellechasse-Timmins, Quebec

Posted by AGORACOM-JC at 10:51 AM on Wednesday, March 7th, 2012

 

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

Corporate Website / Golden Hope Hub

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Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 M

Posted by AGORACOM-JC at 9:43 AM on Monday, March 5th, 2012

Golden Hope Mines recently announced further significant results from its 2011 drill campaign in southeastern, Quebec. The company received results from the wedge holes BD2011-167a and BD2011-167b.

The two wedges repeat the 53m long intersection of 0.63 g/t Au found in previously announced hole BD2011-167 with a 56m long interval of 0.75 g/t Au in BD2011-167a and a 57m long interval of 1.27 g/t Au in BD2011-167b. At its bottom extremity, the wedge also confirms the previously encountered mineralization found in BD2011-167 as BD2011-167a intersected 5m of 2.59 g/t Au including 1m of 12.40 g/t Au. The horizontal extent of this zone is still under investigation with more drilling planned in the immediate vicinity.

“The wedges confirm the presence of the mineralized zone of gold and in particular repeat the previous announced results from hole 167. 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.

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.

Corporate Website / Golden Hope Hub

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Strike Identifies New 2 km Long Conductor at Deep Bay East Graphite Project

Posted by AGORACOM-JC at 10:38 AM on Wednesday, February 29th, 2012

Strike Identifies New 2 km Long Conductor at Deep Bay East Graphite Project

The company completed the previously announced helicopter-borne VTEM – Electromagnetic Survey of its Deep Bay East Graphite property located within north eastern Saskatchewan.

Preliminary data from the VTEM survey has highlighted a strong conductive horizon associated with the known graphite mineralization at Deep Bay East, and extending well beyond the known limits of the historic mineralization. Based upon the preliminary survey data, the historic conductor was confirmed at approximately 2.5 km strike length. A second conductor, approximately 2 km in length, was identified. Based on its orientation and regional mapping, the new conductor likely represents a structural repetition (folding) of the mineralized Deep Bay East horizon, and thus represents a high-priority exploration target.

Historic exploration of the Deep Bay East Property, confirmed potential for near surface, large flake, high-purity graphite deposit(s) as a result of surface trenching, mapping, and EM Ground Survey(s) and four diamond drill holes over a 1,600 metre east – northeast tending conductor. This highly conductive zone, first identified in the 1970’s, was confirmed by the recent VTEM survey. Some of the historic results include:

DB-1: 22.9 metres averaging 4.02% C beginning at a depth of only 10.7 metres;
DB-2: 35.1 metre interval of 8.58% C
DB-3: 13.1 metres averaging 8.97% C at depth of 7.32 metres and 9.06% C from 60.96 metres to 71.63 metres (10.67 m).

Approximately 15 kilometres to the west of the Deep Bay East property, the Deep Bay Graphite Mine is currently being advanced toward production. The geology and grades of the Deep Bay East Project appear similar to the Deep Bay mine’s deposit.

Hub on AGORACOM / Corporate Website

Strike Graphite is an AGORACOM Sponsor

 

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$TSXV Week in Review

Posted by AGORACOM at 5:52 PM on Sunday, February 26th, 2012

The $TSXV had another strong week. I was definitely looking for a correction, but that has yet to materialize – we may just rock ‘n’ roll into PDAC. I remain confident that the good issuers will prevail and the cream will rise in addition to certain hot sectors like Graphite and precious metals that will bring volume in. I am also keeping a close eye on Uranium and some interesting biotech issues.

There are a few points that I noticed this week that stood out:

  • Market Internals: Long side momentum players and the “Jitney Magic Men”(broker code 99 that takes out those key levels in the blink of an eye) are all over issues with good news and price levels to be taken out.
  • Risk Appetite: There is a sense that the worst is behind us and money is flowing into the speculative issues. There is money available to fiance projects of merit. Retail can follow this via http://canadianfinancing.com/
  • The CRB Index: The CRB index is crossing it’s 200EMA and is trending very nicely.

Here is where the $STXV stands going into Monday morning:

I’d like to see some larger trading ranges and divergence added to the MACD but I will take the levitation. I want to see that ADX continue to rise and would love to see more volume in this market.

By the way has anyone else been hearing about Zinc? Is it just me or it starting to make noise again?

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$TSXV Week in Review

Posted by AGORACOM at 9:53 PM on Saturday, February 18th, 2012

I though we were going to see  sell off into the end of the week as per my risk off post, but it looks like the equity markets are going to push higher and the $TSXV is going to challenge that 1,673 high – caveat: beware of a double top here and that November high. That being said, I remain relatively hesitant to take new speculative long positions but will re-enter into names I know, those that I believe offer a good value proposition. The overall volume on the $TSXV is in decline but we did start this rally on less. Again, ultimately I think 2012 will be a great year, but I would like to see a correction from the  post Xmas rally we have been seeing.

Here is where the $TSXV stands on the daily:

Here is the weekly view…. We need more volume flowing into this market to keep marching forward but this looks very promising for the rest of the year.

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