VANCOUVER, March 24 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today
announced it has mobilized crews and equipment for a 2,000-metre, spring
diamond drill program on priority gold targets in and around the historical
Cook Gold (CG) Zone as well as the Mullen/Cyprus Zone (MC Zone).
Approximately 1,300 metres of drilling is planned to test a minimum of
five target zones along strike from the CG Zone, including the Cookie Jar (CJ)
Zone gold occurrence and the proximal Cookie Jar North (CJ North) Target (see
news release March 13, 2008 for further detail). These targets are located in
a favourable geological environment for gold deposition and are coincident
with geochemical and geophysical responses over significant strike extents.
Recent prospecting confirmed a strike orientation change at the CJ Zone
suggesting potential for a good structural trap to host gold mineralization. A
surface grab sample from the CJ Zone returned 5.21 g/t Au. Historical drill
intercepts from the CG Zone include DDH Cook2, which returned 3.67 g/t Au over
18.5 metres including 5.54 g/t Au over 10.5 m and 10.04 g/t Au over 5 m.
The MC gold Zone is located approximately 800 metres east of the CJ North
Target. Three holes or approximately 700 metres of drilling are proposed for a
preliminary evaluation of the MC Zone, Trench 2 Area. Some promising results
and conclusions were extracted from a historical report by Cyprus Canada Inc.
(1994) on the MC Zone. Early exploration by Cyprus and prospectors in the
vicinity of the MC Zone in the mid 1990's defined a number of highly anomalous
gold soil anomalies. Follow up prospecting and trenching returned numerous
broad low grade gold values of interest, including 1.17 g/t Au over 25 metres,
1.28 g/t Au over 17 metres, and 0.32 g/t Au over 50 metres (including an
interval of 0.63 g/t Au over 10 metres) in Trenches T-2, T-3 and T-5
respectively. Some higher grading trench channel samples, returned 2.16 g/t Au
over 1 metre and 5.59 g/t Au over 0.9 metres from Trenches 1 and 2
respectively. The gold mineralization found in the trenches is associated with
stockworks of dense sheeted quartz hosted within altered intrusives and
volcanics. In the Trench 2 area mineralization is also associated with a broad
high chargeability (IP) anomaly that has a strike length of approximately 200
metres. Cyprus Canada geologists concluded that the preliminary trenching
suggested potential for low grade high tonnage open pit deposits and that
there were some distinct geological similarities on this prospect to the
deposits mined in Matachewan, 46 kilometres to the northeast. Despite positive
recommendations for follow up work on the MC Zone Cyprus did not complete any
further exploration or drilling.
Golden Harp Resources is a Canadian mineral exploration company with an
enviable property position, covering 145 km(2) over six townships in the
prolific Abitibi Greenstone Belt in Northern Ontario. The 100%-owned Copper
Hill project hosts four known gold zones, a series of gold occurrences, a
copper zone; and large portions of the property have yet 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 exploration activity
and discovery potential of its substantial land holdings. For further
information, please visit www.goldenharpresources.com or www.sedar.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, Chief Operating Officer,
firstname.lastname@example.org, Tel: (604) 688-4277 x 225; Kevin Filo, P.Geo,
Senior Geologist, email@example.com, Tel: (705) 268-0371