Bellechasse-Timmins Gold Deposit Exploration Update

GNH: TSX Venture
GOLHF: OTCQX

TORONTO, Nov. 11, 2011 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(OTCQX: GOLHF) is pleased to provide an exploration update on its Fall 2011 diamond drill campaign in Southeastern Quebec, Canada.

SGS Canada Inc.-Geostat, independent technical advisors to Golden Hope and in close co-operation with the GNH technical team, designed the initial drill program to verify past results and to further test the T1, T2 and 88 zones to depth.

The company has completed 13 holes to date. A table of the holes and the depth of the holes is presented below.

Hole ID  Easting  Northing  Elevation  Azimuth  Dip  Length
BD2011-157   405737.74  5156406.2  404.93  135   -80  467
BD2011-158   405726.17  5156474.4  405.75  135   -69  499
BD2011-159   405798.38  5156458.7  407.02  135   -77  450
BD2011-160   405890.25  5156451.7  404.34  135   -77  585
BD2011-161   405895.52  5156474.7  405.15  135   -74  604
BD2011-162   406008  5156277.4  398.31  135   -74  435
BD2011-163   405780.64  5156504.8  410.66  135   -71  578
BD2011-164   405710.1  5156433.9  405.49  135    -81  519
BD2011-165   405843  5156237     315   -55  362
BD2011-166   405985.54  5156306.3     315   -65  450
BD2011-167  406025  5156288  400.29  315   -50  386
BD2011-168   406012  5156266  405.7   315   -50  151
BD2011-169   406129  5156448      315   -65  449
BD2011-170   405735.86  5156436.4  404.57  135   -81  426 in progress

Hole BD2011-157 has been assayed and the results were released to the market on September 12, 2011. The company reported that it had drilled 380.8 metres grading 0.61 g/t Au (uncut) or 0.55 g/t (cut) on its first completed hole of the summer drill campaign at the Bellechasse-Timmins Gold Deposit on the Bellechasse Gold Belt.

Holes BD2011-158,159, 160 and 164 have been logged, cut and sent out for assaying to SGS Minerals Services in Toronto, Ontario. BD2011 - 161 has been logged and samples are expected to be shipped by week end.  The remaining holes are currently being logged. Samples are then cut and sent for assaying as each hole is completed.

The company will announce its results as they are received from the assay laboratory, compiled and interpreted.

On October 31, 2011 the company also announced the mobilization of a 2nd diamond drill. The company is pursuing its definition drill campaign at Bellechasse-Timmins in order to produce a compliant resource estimate for gold.

A map of the completed drill holes is available on the company's web site at http://goldenhopemines.com/exploration.

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 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.

 

 

SOURCE Golden Hope Mines Limited

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

or

Public Relations Canada: Paradox Public Relations
Corporate Communications
1-866-460-0408

or

Investor Relations USA: American Capital Ventures
Richard Hull: 305-918-7000

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Golden Hope Mines Limited

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