VANCOUVER, Aug. 12 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today
announced that a 1,500-metre (approx. 4,500 feet) diamond drill program is
underway to continue testing the significant gold potential at the Company's
new MC Zone. The objective is to evaluate the extent of the gold
mineralization along strike and at depth proximal to Golden Harp's first two
discovery holes GH-023 & GH-025 (See NR June 10, 2008 for further details).
Both drill holes returned broad zones of gold mineralization. Highlights
include: GH-025 which intersected 1.02 g/t Au over 43.75 metres including
intervals of 1.67 g/t Au over 16 metres and 2.25 g/t Au over 10 metres; and
similarly, GH-023, located 40 metres south of GH-025, which intersected
1.17 g/t Au over 12.93 metres and 0.73 g/t Au over 28.28 metres.
Holes GH-023 and GH-025 demonstrated that the MC Zone is comprised of
three distinct gold-bearing volcanic units designated the West Felsic Unit,
the Green Carbonate (GC) Unit and East Felsic Unit. The gold-bearing zones are
associated with varying amounts of pyrite and quartz within a distinct
The green carbonate-altered or fuchsitic ultramafics hosting the gold
mineralization on the MC Zone are important as this geological unit has been
responsible for hosting significant gold production from various mines to the
east of GHR's property along the Cadillac Larder Lake Break, including the
prolific Kerr-Addison mine.
The main induced polarization (IP) geophysical anomaly associated with
the MC Zone is approximately 150 metres wide by 400 metres long, and is
coincident with a gold occurrence in Trench 2 (T2) which assayed 1.17 g/t Au
over 25 metres. Further, there are a series of parallel IP anomalies to the
east of the main IP anomaly that have not been evaluated. Both the northern
extension of the main IP anomaly and the known parallel IP anomalies have
documented gold occurrences in surface trenches that have not been drill
tested. Trench 5 (T5) on the northern extension returned 0.32 g/t Au over
50 metres, including an interval grading 0.63 g/t Au over 10 metres. Trench
3 (T3), which is located on a parallel IP anomaly, assayed 1.28 g/t Au over
Golden Harp Resources Inc. is a Canadian mineral exploration company. The
Company's 100%-owned, 145 square kilometre, Copper Hill gold and base metal
project is located 100 kilometres south of Timmins, along Highway 560 between
Shining Tree and Gowganda, Northern Ontario. The extensive property, situated
along the projected western extension of the Cadillac Larder Lake Break, in
the Abitibi Greenstone Belt, hosts several gold zones in a variety of
geological settings; a copper zone; and large portions of the property remain
to be evaluated. The Company's strategy is to provide its shareholders with
value growth opportunities through the exploration and discovery of new
mineral deposits and by building strategic partnerships to maximize the
discovery potential of its substantial land holdings. For further information,
please visit www.sedar.com or www.goldenharpresources.com.
This press release has been reviewed and approved by J. Kevin Filo,
P.Geo, Senior Geologist. Mr. Filo is the qualified person for the purposes of
National Instrument 43-101.
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Natasha Blackburn, President and CEO,
email@example.com, Tel: (604) 688-4277; Kevin Filo, P.Geo,
Senior Geologist, firstname.lastname@example.org, Tel: (705) 268-0371