VANCOUVER, Sept. 17 /CNW/ - Golden Harp Resources Inc. (GHR:TSXV) today announced that it has completed prospecting work and identified new gold targets on portions of its Copper Hill Property, located approximately 100 km due south of Timmins, Ontario. The focus of this work was to evaluate a number of high priority geophysical anomalies along strike and/or proximal to both the Golden Sylvia gold zone and Copper Hill base metal occurrence. The work was conducted on its holdings that are 100% controlled by Golden Harp, outside the Block A ground which is subject to the option agreement with Benton Resources Corp.
Approximately twelve areas of interest associated with induced polarization (IP) targets and/or magnetic anomalies were examined. On the west shore of North Foley Lake a strongly sheared and heavily carbonate altered quartz eye porphyritic intrusive was identified on the south side of a strong IP anomaly covered by low lying ground. The North Foley IP target appears to be related to a historical drill hole (CH05-14) under North Foley Lake a short distance east of the Golden Harp IP zone. Hole CH05-14 ended prematurely in disseminated sulphide mineralization hosted within altered leucoxene mafics marking the start of a new gold zone. Historical assays near the end of this hole returned 1.1 g/t gold over 1.4 metres from 347.1 to 348.5 metres, and the last metre of the hole assayed 1.35 g/t gold from 350 to 351 metres. At this time there is a distinct possibility that the IP target adjacent to the porphyry intrusive is representative of the strike extension of the new gold zone found at the bottom of CH05-14. Further drilling is required to fully evaluate this priority target.
In addition, sulphide zones with limited exposure were noted on two of the priority geophysical target areas and these zones returned anomalous gold values. Drilling is warranted to definitively evaluate these targets.
Further, Golden Harp has been monitoring the work conducted by Benton Resources on the Block A option ground. The MC and Cook gold zones which are the current focus of Benton's programs are known to be spatially associated with a package of ultramafic volcanics with disseminated sulphide mineralization. Compilation work conducted by Golden Harp has shown that approximately 3.2 km of prospective ultramafics extend westward under Houston Lake and on to Golden Harp's 100% controlled lands. It is Golden Harp's intention to evaluate this highly prospective area in the near future with ground geophysics and geochemical sampling. It is anticipated that a significant portion of that initial work would have to be conducted after freeze up due to the number of lakes and swampy areas.
About Golden Harp
Golden Harp Resources Inc. is a Canadian mineral exploration company. Its 145 square km, 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 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. Golden Harp recently optioned a portion of its claim units (the Block A Property) to Benton Resources Corp. who have been actively exploring and drilling the property. The Block A option covers 351 of Golden Harp's 855 claim units in the northeastern portion of the Copper Hill project. Golden Harp continues to explore and advance the significant gold and copper targets situated in its 504 claim units, which are contiguous to those in the Block A. Golden Harp has 24,673,042 shares outstanding.
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.
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information contained herein.
SOURCE GOLDEN HARP RESOURCES INC.
For further information: For further information: PLEASE VISIT www.sedar.com or www.goldenharpresources.com or CONTACT: Natasha Blackburn, President and CEO, Natasha@goldenharpresources.com, Tel: (604) 688-4277; Kevin Filo, P.Geo, Senior Consulting Geologist, Kevin@goldenharpresources.com, Tel: (705) 268-0371