GNH: TSX Venture
TORONTO, May 19 /CNW/ - Golden Hope Mines (TSXV: GNH)(OTCQX: GOLHF) is
pleased to announce an initial 2500 metre exploration diamond drill
campaign on it Bellechasse-Timmins gold property in southeastern
The company will drill a total of 7 holes. 5 holes will test the
southwest extension of the T1 and T2 zones. There is limited historic
and recent drilling that tests the southwestern extensions of these
zones, most done prior to 1992. Two holes will be drilled between the
T1 Zone and the newly discovered northeastern extension of the T1 Zone
as announced in the May 18th, 2011 press release.
The initial exploration campaign will permit the company to continue its
quest to significantly expand the known mineralized zones while it
works towards completing its preparation of a definition drill campaign
at T1 and T2.
On April 19, 2011, the company announced the engagement of SGS Canada
Inc.-Geostat in order to help the company prepare a 3D block model.
Once this model is completed, the company along with SGS will look to
prepare a definition drill campaign on the T1 and T2 zones. The zones
remain open on strike to the northeast, southwest and to depth.
The company will continue to use Forage Mercier Inc. of Val-d'Or, Quebec
as its drill contractors.
A map of the drill holes can be found on the company's web site at www.goldenhopemines.com/exploration/bellechase_timmins_gold/ or may be obtained by contacting the company directly at 514-750-8218.
James E. Tilsley, P.Eng. is acting as the qualified person (QP) for
Golden Hope Mines in compliance with National Instrument 43-101 and has
reviewed the technical contents of this release. Mr. Tilsley is a
consultant to Golden Hope Mines.
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 block spans over
approximately 110 kilometres. The Bellechasse-Timmins gold deposit lies
within the Bellechasse Belt; an approximately 18 kilometre mineralized
area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and the eight known parallel gold-bearing
breccias of the adjoining 88 Diorite. The company is also working to
develop other targets within its claim block 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.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future production,
reserve potential, exploration drilling, exploitation activities and
events or developments that the company expects are forward-looking
statements. Although the company believes the expectations expressed in
such statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or
developments may differ materially from those in the statements.
Various factors could cause actual results to differ materially from
those in forward-looking statements. These include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the company, investors should
review Golden Hope's registered filings at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Golden Hope Mines Limited
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