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http://www.goldenhopemines.com/news/news_releases/
Golden hope Mines Presentation
You are invited to join Golden Hope Mines Limited for an investor presentation and management meet and greet cocktail event during the 2011 PDAC. Refreshments will be served.
When
Monday March 7,2011
Start Time:6:00pm
Where
The offices of Fasken Martineau
333Bay Street,Suite 2400
In the Hyde Park board room
Optionen
1
Pink Sheets: GOLHF
Golden Hope to Acquire Additional Mining Claims in the Bellechasse/Beauce Region of South Eastern Quebec – North East extension of Bellechasse-Timmins.
January 17, 2012
Montreal, January 17, 2012 /CNW/ - Golden Hope Mines ("Golden Hope" or the "Company"; TSX VENTURE: GNH, Pink Sheet: GOLHF) has signed a letter agreement (the "Agreement") whereby it proposes to acquire from a prospector (the "Prospector") a 100% stake in certain mining claims (the "Property") located in the Bellechasse/Beauce Region of South Eastern Quebec. These claims are adjacent to the Bellechasse-Timmins claim block and lie approximately 5 kilometers north east of the Company's Bellechasse-Timmins gold deposit.
Under the terms of the Agreement, Golden Hope Mines can acquire from the Prospector a 100% interest in the Property by paying an amount of $40,000 (of which a non refundable amount of $15,000 was paid on signing) and issuing 150,000 treasury common shares and after having incurred a total of $100,000 in work expenditures on the Property on or before February 15, 2013. Upon Golden Hope Mines having acquired a 100% interest in the Property, the Prospector will retain a 2% net smelter return royalty on the Property, of which 1% can be bought back by the Company, at any time and at its sole discretion, for the sum of $1,000,000. The transaction is subject to, among other things, the approval of the TSX Venture Exchange and the signature of a definitive agreement. The securities issued under the Agreement will be subject to a four (4) month hold period.
The mineral claims acquired through this agreement cover the northeastern extensions of both the northern and southern Champagne horizons and make the Company's Bellechasse Belt claims contiguous for approximately 20km from Laval's Mountain in the northeast to the Beland showings in the southwest.
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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. The Company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, the St-Luc (Roux) target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
For further information:
Golden Hope Mines Limited
Frank Candido: President, Director
514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com www.goldenhopemines.com
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1
wieder gute Einstiegskurse, der Boden scheint gefunden.
zu GNH
http://dl.dropbox.com/u/3360843/...n%20Hope%20Report%20Sept182010.pdf
http://resourceclips.com/2012/01/09/from-hope-to-reality/
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0
January 23, 2012
Montreal, January 23, 2012 /CNW/ - Golden Hope Mines Limited (TSX VENTURE: GNH, PINK SHEETS: GOLHF) is pleased to announce excellent gold recovery from preliminary metallurgical testwork at its Bellechasse-Timmins gold project in southeastern Quebec, Canada. Gold recovery using gravity separation ranged from 54% to an outstanding 92%, while total gold recovery ranged from 97% to more than 99%. The test work was completed on five (5) composite samples composited from drill core in its recent drill program.
"We are extremely pleased with the preliminary results. These results clearly demonstrate the excellent gold recovery by gravity, while achieving outstanding recoveries using a combination of gravity and cyanidation. Although these are the first metallurgical results completed to date, we are very pleased as we continue to build this project towards production." explains Frank Candido, President, Golden Hope Mines Limited.
The purpose of the test was to determine the head grades of the various composites and compare them with the individual assay results already announced previously. SGS Geostat selected composite samples from five different mineralized intersections at various depths with variable grades from drill core that tested the T1 zone at the Bellechasse Timmins project.. The test work produced a total gold metallurgical balance that shows calculated feed grade, tailing losses and overall gold recovery data.
The results as reported in Table 1 below clearly demonstrate excellent recovery of gold from the Bellechasse-Timmins mineralized zones.
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sein.
Der Goldpreis dürfte zumindest auf hohem Niveau bleiben, die Niedrigzinspolitik und die
Gelddruckerei wird anhalten.
Ein Ende der ausufernden Staatsverschuldungen ist nicht in Sicht.
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Pink Sheets: GOLHF
Golden Hope Intersects 6140 g/t Au (197.4 oz/t Au) of Gold
Over 1 Metre at Bellechasse-Timmins, Quebec
January 26, 2012
Montreal, January 26, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce further assay results from its Summer/Fall 2011 Drill Campaign in South-eastern, Quebec. The company received results from 3 holes including BD2011-165, 166 and 167.
Result highlights are presented in the table below.
Hole Number From (m) To (m) Length (m) Au (g/t)
BD2011-166 260 385 125 0.52 §
Including 353 385 32 1.29 §
BD2011-167 282 335 53 0.63 §
Including 282 297 15 1.50§
Including 329 335 6 1.25
BD2011-167 374 380 6 1024 §
Including 374 375 1 1.87 §
Including 375 376 1 6140 §
Including 376 380 4 0.59§
The lengths are core length and the assays are uncut.
Hole BD2011-167 was drilled to test a possible extension of the T1 Zone at depth to the northeast. The hole intersected a 40% quartz-filled breccia with coarse visible gold from 370m to 377m in the core at a vertical depth of 270m. The section between 374m and 380m returned above background gold values including 1 metre that gave a preliminary assay of 6140 g/t Au (50g gold Fire Assay with gravimetric finish).
The gold assay was confirmed by total pulp metallic treatment of the entire reject from the preliminary assay. 0.414kg of reject returned 6060 g/t Au and 0.997 kg of reject returned 6890 g/t Au.
A photo of the core from this intersection was previously reported in the November 18, 2011 press release and can be viewed at http://cnw.ca/6EnWg
"We are extremely pleased with these latest results. As we continue our aggressive drill campaign, we keep encountering significant mineralization. We are working to define the area around Bellechasse-Timmins and these results combined with the previous results in the 2011 campaign, provide us with the motivation to push forward enthusiastically. Results such as those encountered in hole 167 are certainly very encouraging and need to be interpreted within the context of the entire deposit" states Frank Candido, President, Golden Hope Mines Limited.
Following the exceptional visuals on hole BD2011-167, SGS recommended two wedges, holes BD2011-167A and BD2011-167B with the objective of defining the orientation of the brecciated zone. Samples from the wedges have been shipped to the SGS Mineral Services laboratory in Toronto for assaying.
Hole BD2011-165 was drilled to confirm the closing of the T1 Zone to the south west near surface and did not intersect significant gold values.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay procedure .
Golden Hope drilled 27 holes or approximately 12000 metres at Bellechasse-Timmins in 2011. Including the holes reported above, the company has 16 of 27 holes from the 2011 campaign which remain outstanding at Bellechasse-Timmins..
Since January 4, 2012, Golden Hope has currently drilled 3 holes or approximately 1000 metres at Bellechasse-Timmins as part of the Winter 2012 Drill Campaign. The company expects to be drilling throughout the winter. All outstanding drill results will be reported when they are received and interpreted.
Claude Duplessis, P.Eng and Claude Bisaillon, P.Eng. are acting as independent qualified persons (QP) for Golden Hope in compliance with National Instrument 43-101 and have reviewed the technical contents of this press release.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information:
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. The company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, the St-Luc (Roux ) target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
For further information:
Golden Hope Mines Limited
Frank Candido: President, Director
514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com www.goldenhopemines.com
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1
1
Investment Highlights
Drilling success may confirm the existence of an extensive belt (20+ km/12.4mi) which may result in the most significant mineralized gold (Au) area in recent Canadian history.
•
Highly differentiated gold play within Quebec, Canada
•
Most advanced exploration project within southeastern Quebec
•
Potential for multiple targets with great potential for multi-million ounces deposits
•
First 43-101 gold resource estimate targeted for Q1 2012
•
Working Capital C$2.8 million
12
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Jan 30/12 Jan 23/12 Drouin, Marc Andre Direct Ownership Common Shares 10 - Acquisition in the public market 60,000 $0.250
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Pink Sheets: GOLHF
Golden Hope Intersects 4.39 g/t Au Over 33 Metres and 1.07 g/t Au Over 91 Metres at Bellechasse-Timmins, Quebec
Montreal, February 8, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce further significant results from its Fall 2011 Drill Campaign in southeastern, Quebec. The company received results from 6 holes including BD2011-168 to BD2011-173.
Result highlights from the 6 latest holes are presented in the table below.
Hole Number From (m) To (m) Length (m) Au (g/t)
BD2011-170 10 101 91 1.07 §
Including 10 20 10 2.47 §
Including 28 35 7 4.25 §
Including 41 55 14 1.67 §
Including 88 101 13 0.63 §
BD2011-170 136 147 11 0.90 §
BD2011-170 286 297 11 0.47 §
BD2011-171 15 48 33 4.39 §
Including 15 19 4 2.21 §
Including 35 44 9 14.54 §
BD2011-171 361 366 5 1.54 §
BD2011-171 400 413 13 0.58§
BD2011-172 114 122 8 0.63
BD2011-172 164 185 21 0.93
BD2011-173 23 83 60 0.90
Including 23 31 8 0.94 §
Including 47 61 14 2.80§
The lengths are core length and the assays are uncut.
Hole BD2011-171 intersected 33 metres of 4.39 g/t Au of Gold near surface including 4 metres of 2.21g/t Au and 9 metres of 14.54 g/t Au. Hole BD2011-170 intersected 91 metres of 1.07 g/t Au including 10 metres of 2.47g/t Au and 7 metres of 4.25 g/t Au. Holes BD2011-168 and 169 did not return significant assay results.
BD2011-170 and 171 were drilled on sections where past assay results at T1 needed further confirmation. BD2011-169, 172 and 173 were drilled with the purpose of testing the extension of the mineralized envelope of T2 to the northeast. Although hole 169 did not return any significant values, it helped to better understand the structure. Holes 172 and 173 confirmed mineralization at depth. This area of the property will require further work.
“Once again, we are extremely pleased with these latest drill results. The near surface significant gold values are most encouraging. These results continue to provide us with valuable information in our continued effort to define this very exciting gold deposit in Southeastern Quebec” states Frank Candido, President, Golden Hope Mines Limited.
Golden Hope is also pleased to provide its shareholders with a newly taken photograph from a recent drill core (figure 1) which shows visible gold (VG) in hole BD2012-184 at approximately 251 metres depth. This hole is currently being logged and in queue for sampling and analysis. This hole was drilled to the southeast from a collar location 50m northwest of hole BD2011-162 on the same section line. BD2011-162 returned 112 metres of 1.33g/t as reported in the December 6, 2011 press release which can be viewed here: http://cnw.ca/VjBM
Since the beginning of the 2011 drill campaign in southeastern, Quebec, Gold Hope has already reported assay results on 17 holes (7361 metres) at Bellechasse-Timmins. The company still has 10 holes (5748 metres) which remain outstanding from its 2011 drill campaign at Bellechasse-Timmins. In addition to this, the company has drilled approximately 2400 metres in 5 holes at Bellechasse-Timmins as part of its winter 2012 campaign. This campaign is currently in progress. All holes will be reported to the market when data are received and interpreted.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. SGS introduced standards and blanks in the sequence.
Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified persons as defined by National Instrument 43-101 and have reviewed and approved the technical contents of this press release.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information:
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. The company is also working to develop other targets within its claim blocks including the FSG gold and base m etal target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
For further information:
Golden Hope Mines Limited
Frank Candido: President, Director
514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com www.goldenhopemines.com
Momentan in Canada 23,5% im Plus
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http://www.goldenhopemines.com/_resources/...entation_Feb_20_2012.pdf
SGS supports a plan for an extensive exploration program of the Bellechasse Belt: potential to produce other gold discoveries within the Belt. Summer-Fall 2011: Two drills running, a first for GNH and the region of southeastern Quebec. 2011 Drilling: 15,000 meters in 47 holes Assays for 24 holes are pending 2012 Drilling: Approximately 3,000 meters in 6 holes
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Der Rechtsplan ist dazu angelegt, den Aktionären des Unternehmens ausreichend Zeit zu geben, um ein Übernahmeangebot ohne unnötigen Druck ordnungsgemäß zu bewerten, und dem Board of Directors des Unternehmens Zeit zu geben, um Alternativen in Betracht zu ziehen, die es den Aktionären des Unternehmens erlauben werden, den echten und fairen Wert für ihre Aktien zu erhalten.
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Pink Sheets: GOLHF
Golden Hope Mines PDAC Cocktail Invitation
You are cordially invited to join Golden Hope Mines Limited for a brief investor presentation and management meet and greet cocktail event during the 2012 PDAC. Refreshments and hors d'oeuvres will be served.
When: Monday March 5, 2012
Start time: 6:00pm
Where: The offices of Fasken Martineau
Bay Adelaide Center
333 Bay Street, Suite 2400
Toronto, Ontario
The Algonquin Boardroom
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Pink Sheets: GOLHF
Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 Metres and 0.75 g/t Au Over 56 Metres at Bellechasse-Timmins, Quebec
March 5, 2012
Montreal, March 5, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce 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.
Result highlights from the wedge holes are presented in tables below.
Hole Number From To Length Au (g/t) Hole Number From To Length Au (g/t)
BD2011-167a 282 338 56 0.75§BD2011-167 * 282 335 53 0.63
Including 282 299 17 1.57 Including 282 297 15 1.50§
Including 325 338 13 1.02 Including 329 335 6 1.25§
BD2011-167a 375 380 5 2.59§BD2011-167 * 374 380 6 1024.00
Including 378 379 1 12.40 Including 374 375 1 1.87§
Including 375 376 1 6140.00
Including 376 380 4 0.59
Hole Number From To Length Au (g/t) Hole Number From To Length Au (g/t)
BD2011-167b 275 332 57 1.27§BD2011-167 * 282 335 53 0.63
Including 275 305 30 1.57 Including 282 297 15 1.50§
Including 314 332 18 1.34 Including 329 335 6 1.25§
BD2011-167 * 374 380 6 1024.00
Including 374 375 1 1.87
Including 375 376 1 6140.00
Including 376 380 4 0.59
Table 1: Comparison of wedges
* The results for drill hole BD2011-167 were disclosed in a January 26 ,2012 press release and have been included for comparison purposes only. The lengths are core lengths and the assays are uncut. A copy of the press release can be obtained on the companies web site at (http://www.goldenhopemines.com/_resources/...ases/nr_2012_01_26.pdf).
"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.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. SGS introduced standards and blanks in the sequence.
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.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 surve y 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.
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Pink Sheets: GOLHF
Golden Hope Intersects 3.08 g/t Au Over 25 Metres and 2.01 g/t Au Over 32 Metres at Bellechasse-Timmins, Quebec
March 7, 2012
Montreal, March 7, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)( Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce 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 §
Including 406 413 7 7.37 §
Including 424 428 4 3.49 §
BD2011-175 158 203 45 1.20 §
Including 168 174 6 1.64 §
Including 176 183 7 2.00 §
Including 187 193 6 1.29 §
Including 196 203 7 2.59 §
BD2011-176 257 284 27 1.69 §
Including 257 258 1 5.81 §
Including 274 275 1 35.60 §
BD2011-177 52 59 7 1.68 §
Including 52 56 4 2.16 §
BD2011-177 150 171 21 0.72 §
Including 160 162 2 2.94§
Table 1: Result highlights from BD2011-174 to 177
Hole BD2011-174 intersected 32 metres of 2.01 g/t Au including 5 metres of 10.18 g/t Au and 25m of 3.08 g/t Au including 7m of 7.37 g/t Au. Hole BD2011-175 intersected 45 metres of 1.20 g/t Au including 7 metres of 2.00 g/t Au and 7m of 2.59 g/t Au. Hole BD2011-176 intersected 27 metres of 1.69 g/t Au including 1 metre of 35.60 g/t Au. Hole BD2011-177 intersected 7 metres of 1.68 g/t Au including 4 metres of 2.16 g/t Au and 21 metres of 0.72 g/t Au including 2 metres of 2.94 g/t Au.
"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.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. SGS introduced standards and blanks in the sequence.
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.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 surve y 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.
For further information:
Golden Hope Mines Limited
Frank Candido: President, Director
514-750-8218416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
Investor Relations USA: American Capital Ventures
Richard Hull: 305-918-7000
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Pink Sheets: GOLHF
Golden Hope Intersects 1.33 g/t Au Over 29 Metres and 1.05g/t Au Over 33 Metres at Bellechasse-Timmins, Quebec
March 19, 2012
Montreal, March 19, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce further significant results from its 2011 drill campaign in southeastern, Quebec. The company is pleased to present the following highlights from holes BD2011-178, 179 and 180.
Hole Number From To Length
(m) Au §
(g/t)§ Hole Number From To Length
(m) Au§
(g/t)
BD2011-178 64 66 2 0.61 BD2011-179 129 162 33 1.05§
BD2011-178 177 225 48 0.48 Including 136 139 3 1.17§
Including 177 178 1 2.51 Including 140 148 8 2.80§
Including 190 195 5 0.73 Including 151 153 2 1.05§
Including 207 208 1 1.88 BD2011-180 22 80 58 0.85§
Including 214 225 11 0.77 Including 22 31 9 1.68§
BD2011-178 238 301 63 0.51 Including 41 47 6 3.22§
Including 258 266 8 0.71 Including 54 58 4 1.00§
Including 272 279 7 1.45 Including 67 71 4 0.87§
Including 286 293 7 1.62 Including 76 78 2 1.05§
Including 299 301 2 0.65 BD2011-180 108 125 17 0.50§
BD2011-179 13 18 5 0.66 Including 114 120 6 0.58§
Including 13 14 1 1.48 Including 121 125 4 0.79§
BD2011-179 27 56 29 1.33 BD2011-180 149 190 41 0.62§
Including 27 35 8 0.87 Including 149 161 12 1.03§
Including 39 44 5 2.13 Including 173 176 3 1.50§
Including 46 56 10 2.08 Including 184 190 6 0.98§
BD2011-179 109 115 6 0.85 BD2011-180 253 275 22 0.85§
Including 109 110 1 1.55 Including 253 257 4 3.89§
Including 114 115 1 1.67 Including 274 275 1 1.45
§
Table 1: Result highlights from BD2011-178 to 180
Hole BD2011-178 intersected 48 metres of 0.48 g/t Au including 5 metres of 0.73 g/t Au and also intersected 63 metres of 0.51 g/t Au including 7 metres of 1.45 g/t Au and 7 metres of 1.62 g/t Au. Hole BD2011-179 intersected 29 metres of 1.33 g/t Au including 5 metres of 2.13 g/t Au and 10 metres 2.08 g/t Au. Hole BD2011-179 also intersected 33 metres of 1.05 g/t Au including 8 metres of 2.80 g/t Au. Hole BD2011-180 intersected 58 metres of 0.85 g/t Au including 9 metres of 1.68 g/t Au and 6 metres of 3.22 g/t Au. Hole BD2011-180 also intersected 41 metres of 0.62 g/t Au including 12 metres of 1.03 g/t Au.
"We are very pleased with the drill data generated so far from the 2011 campaign. The near surface significant results are also extremely encouraging. These latest results will continue to contribute to the calculation of our first resource estimate. Our team in Ste Justine is working diligently to process the core for assaying as quickly as possible" states Frank Candido, President, Golden Hope Mines.
Bellechasse-Timmins Exploration Update:
There are currently 5 holes at the SGS Labs in Toronto (BD2011-181, 182, and BD2012-183,184, and 185).
There are also 10 holes or approximately 3300 metres of drill core that are in different stages of being logged, cut and prepared for shipping to the lab at our St-Magloire facility. These holes include BD2012-186, 187, 188, 189, 190, 191, 192, 193, 194 and Béland 05).
The drill crew has left the property as the company is taking a small break from drilling to catch up to the data generated to date and focus on processing the core currently outstanding for assaying. The near term plan includes the publication of the company's first resource estimate as well as preparing an extensive Spring 2012 drill campaign at Bellechasse-Timmins and throughout our property in southeastern, Quebec.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. SGS introduced standards and blanks in the sequence.
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.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 surve y 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.
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with a field program update.
Bellechasse-Timmins
Montreal, March 30, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) has since April 2011, embarked on an exploration campaign at Bellechasse-Timmins with the objective of producing a resource estimate in early 2012. SGS Geostat of Blainville, Quebec had been mandated to oversee the drill campaign and prepare the resource estimate as independent qualified persons.
Since June 2011, the company has drilled a total of 40 holes or 16,681 metres at Bellechasse-Timmins. The company has announced the results of all drill holes up to and including BD2011-180. Holes BD2011-181 through BD2012-194 remaining outstanding and will be announced as soon as they are received and interpreted.
"We expect to announce our first resource estimate shortly. This is not only a major achievement for our company but as well for the regions of Bellechasse and the Beauce, which are historically gold rich regions, and have essentially been overlooked by the exploration community. This will be a first very important step in gaining market recognition for our company, the exploration project and the region. Although southeastern Quebec is a part of the Appalachian belt, it has gone essentially un-explored and yet holds much potential. We not only expect to further expand the known deposit through the outstanding drill holes that have not yet been assayed but through continued future drilling as well. We also believe that there is further potential for other gold and base metal deposits throughout our claims and throughout the region", states Frank Candido, President, Golden Hope Mines Limited.
The company is also expectantly awaiting assay results on two holes BB2012-04 and BB2012-05 or 705 metres that were drilled approximately 6-8 kilometers south of Bellechasse-Timmins within the belt at the Béland Showing. These holes as well as all outstanding holes will be announced as soon the data are received and interpreted.
Champagne Zone
The company has also drilled 9 holes or 1,660 metres at the Champagne Zone. The Champagne zone is a known historical VMS deposit, which holds potential for gold, silver and base metals. The company is very encouraged by the visuals observed from the drill core.
The company flew a VTEM survey in December 2011 to identify additional VMS conductors within the property. The company also acquired additional claims covering extensions of the Champagne horizon that was previously announced in a press release dated January 17, 2012.
Geotech Ltd. of Aurora, Ontario carried out the helicopter-borne geophysical survey. The results from that survey have been received and the company is currently selecting from a number of promising potential drill targets to be explored further in the upcoming spring exploration program. More information on these targets will be shared with our shareholders as we near the commencement of the Spring 2012 campaign.
The results for the outstanding drill holes at the Champagne Zone will be released when they are received and interpreted.
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.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 m ay 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.
For further information:
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Golden Hope drills massive sulphides at Champagne including 11.74 metres of 1.23 g/t gold and 8.16 metres of 1.15 g/t gold.
April 11, 2012
Montreal, April 11, 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) is pleased to announce drill results from the Champagne Deposit in the Appalachian Fold Belt of Southeastern Quebec. The shallow drilling intersected massive sulphides. Highlights include 11.74 metres of 1.23 g/t Au and 8.16 metres of 1.15 g/t Au with associated base metal values. Results for drill holes CD2011-06 to CD2011-09 are presented in the Table below.
Hole From To Length Cu Zn Pb Ag Au§
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
CD2011-06 39.16 50.90 11.74 0.22 1.60 0.23 11.71 1.23 §
including 39.16 45.03 5.87 0.27 1.39 0.20 5.60 1.28 §
including 47.10 50.90 3.80 0.26 2.77 0.38 27.52 1.79§
CD2011-07 50.00 63.30 13.30 0.04 0.24 0.03 0.29 0.04 §
including 51.00 52.25 1.25 0.17 1.15 0.14 2.16 0.29 §
including 63.00 63.30 0.30 0.43 0.39 0.058 3.00 0.59§
CD2011-08 37.40 45.56 8.16 0.18 2.20 0.46 17.24 1.15 §
including 37.40 38.32 0.92 0.24 3.97 0.49 8.00 0.46 §
including 41.00 45.56 4.56 0.29 3.56 0.77 30.14 2.02§
CD2011-09 53.22 54.92 1.70 0.18 1.73 0.27 14.33 1.28§
*Drill holes CD2011-01 to CD2011-05 intersect the marker horizon but did not intersect significant mineralization. Lengths are core length.
"We are very pleased with these near surface drill results. Our company now has two different types of deposits close to one another within the Bellechasse Belt that we will continue to explore and define. Results from this series of preliminary holes suggest a great potential for multiple deposits in Southeastern Quebec", states Frank Candido, President, Golden Hope Mines Limited.
The Champagne target is a partially explored base metal and gold occurrence that lies within the Company's Bellechasse Belt claims 3.5 kilometres north of the 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, Bossé and Gauthier, 1995 Report from the Centre Geoscientifique de Quebec referencing Bergman-1954). A qualified person has not done sufficient work to classify the historical estimate as current mineral resource nor is Golden Hope treating the historical estimate as current mineral resource.
The report can be read on the company's web site at http://www.goldenhopemines.com/exploration/champagne_zone/.
Drill holes CD2011-01 to CD2011-05 of the 2011 campaign were designed to test the Champagne horizon near surface for extensions of the known deposit between the previously explored massive sulphides (Bergman, 1954) and the sulphide mineralization intersected by Arcadia Nickel in 1955 in hole S-14 and S-15 as well as by Golden Hope in hole 9112A completed in 1991 in the same area approximately 600 metres to the southwest. Holes CD2011-6 to CD2011-9 tested the southwestern end of the previously known sulphide body.
These results support the previously reported historical results. They also suggest that the known deposit can potentially be expanded on strike as the confirmation holes were drilled on the southwestern end of the known mineralization.
Champagne is a massive and disseminated sulphide occurrence carrying potentially economically interesting values in base and precious metals. It remains open on strike to the northeast and to depth. Further drilling is planned to provide data on grade and volume of the mineralization.
The company's claims include approximately 10 kilometers 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 kilometers of the horizon is exposed within the company's claims that cover the south limb of the syncline.
Golden Hope is also planning further drilling to upgrade and verify the historical estimate as a current mineral resource.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 surve y 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.
For further information:
Golden Hope Mines Limited
Frank Candido : President, Director
Tel: 514-750-8218
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
Investor Relations USA: American Capital Ventures
Richard Hull: 305-918-7000
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Pink Sheets: GOLHF
Golden Hope Intersects 152 Metres of 1.51 g/t Gold (Au)
at Bellechasse-Timmins, Southeastern Quebec
April 18, 2012
Montreal, April 18 2012 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited is pleased to announce further significant drill results from its 2011 and winter 2012 drill campaign in southeastern, Quebec. The company is pleased to present the following table of highlights from hole BD2012-192.
Hole Number From To Length (m) Au (g/t)
BD2012-192 249 401 152 1.51 §
including 290 296 6 1.04 §
including 315 340 25 1.67 §
including 358 376 18 1.63 §
including 386 401 15 6.95 §
BD2012-192 462 465 3 2.36 §
including 463 464 1 7.06 §
BD2012-192 534 553 19 2.05§
Table 1: Highlights from BD2012-192 ;results are core length and not capped.
Hole BD2012-192 was planned to intersect and test the extension of a mineralized zone within T2, previously identified on a section containing holes BD2011-163, 166, 167, 167a and 167b. Upon completion of the logging of BD2012-192, it was decided to prioritize this hole for cutting and sampling to expedite the reception of results from the laboratory.
Hole 192 was drilled to the southeast at a steep angle almost perpendicular to the 167 series of holes and further outlines the extent of this substantial mineralized zone.
“We are extremely pleased with these latest drill results. They continue to support the potential for significant mineralization at Bellechasse-Timmins and provide us with much motivation as we enter the next phase of drilling. Our increased understanding of the deposit also allows us to more effectively plan our next campaign to continue to define the extent of the zones of mineralization at Bellechasse-Timmins ” states Frank Candido, President, Golden Hope Mines.
Golden Hope Mines is also pleased to present the following highlights from holes BD2011-181, 182 and BD2012-183, 184 and 185.
Hole Number From To Length (m) Au (g/t)
BD2011-181 10 30 20 0.37 §
Including 29 30 1 4.75 §
BD2011-181 79 87 8 0.73 §
Including 79 80 1 4.06 §
BD2011-181 99 131 32 0.54 §
Including 120 127 7 1.45 §
BD2011-181 158 191 33 0.36 §
Including 159 160 1 3.97 §
Including 177 178 1 2.31 §
BD2011-182 22 31 9 0.41 §
Including 22 23 1 1.79 §
BD2011-182 63 111 48 0.39 §
Including 85 88 3 1.05 §
Including 94 95 1 5.11 §
Including 98 99 1 1.14 §
Including 103 104 1 1.74 §
BD2011-182 130 144 14 0.57 §
Including 132 133 1 1.09 §
Including 137 138 1 2.05 §
Including 141 142 1 1.46 §
BD2012-183 122 131 9 0.54 §
Including 128 129 1 3.19 §
BD2012-183 181 239 58 0.5 §
Including 181 185 4 1.16 §
Including 190 195 5 0.99 §
Including 213 222 9 0.81 §
BD2012-183 277 284 7 2.02 §
Including 277 278 1 12 §
BD2012-183 394 404 10 0.58 §
Including 396 398 2 1.94 §
Including 403 404 1 1.17 §
BD2012-184 48 128 80 0.43 §
Including 53 54 1 2.08 §
Including 93 97 4 2.77 §
Including 108 109 1 1.34 §
Including 127 128 1 4.41 §
BD2012-184 157 167 10 2.07 §
Including 164 165 1 18.1 §
BD2012-184 268 275 7 0.87 §
Including 268 270 2 1.23 §
Including 272 275 3 1.13 §
BD2012-184 301 305 4 1.67 §
Including 301 302 1 1.78 §
Including 304 305 1 4.88 §
BD2012-185 65 68 3 3.29 §
Including 65 66 1 8.02 §
Including 67 68 1 1.78 §
BD2012-185 380 381 1 4.69 §
BD2012-185 429 436 7 1.16 §
Including 433 434 1 5.81§
Table 2: Result highlights from 181, 182,183,184 &185 core length not capped
Hole BD2011-181 intersected the top eastern edge of the near surface zone in T2 and also further established the position and extension of the middle zone. Hole BD2011-182 showed continuity of the near surface zone in T2 for a potential open pit mining operation. Hole BD2012-183 extended the mineralized zone vertically within the 88 Diorite. Hole BD2012-184 illustrated the near-surface "U" shape of the 88 Diorite and intersected both flanks, the northwestern near surface and the southeastern at depth. Hole BD2012-185 hit the edge of the "U" shape and shows the 88 extension turning east-west.
A drilling campaign is currently being planned to further extend and better define the envelopes of mineralization at the Bellechasse-Timmins gold deposit.
Bellechasse-Timmins Exploration Update:
There are currently 9 holes outstanding from the Winter 2012 campaign at the SGS Labs in Toronto including BD2012-186, 187, 188, 189, 190, 191, 193, 194 and Beland 04 and 05.
Samples were prepared and analyzed at SGS Minerals Services laboratories in Don Mills, Ontario. Analysis for gold was done on one half of core samples following FAI525 fire assay routine including extensive preparation of the samples. SGS introduced standards and blanks in the sequence.
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.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
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Golden Hope Mines Announces Further Excellent Gold Recovery
Testwork and Provides an Exploration Update at its Bellechasse-
Timmins Gold Project in Southeastern Quebec
Montreal, April 26, 2012 /CNW/ - 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 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
Cyanidation Test Results Summary
Reagent Reagent Recovery Residue CN Feed Overall Au Recovery
Sample Test§Addition, kg/t Consumption, kg/t Au Assay* calc. 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 b y 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