VANCOUVER, July 10 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today
announced that it has secured a drill for a second phase of drilling on its
new MC gold zone, at its 100%-owned Copper Hill Property, located 100 km due
south of Timmins, between Shining Tree and Gowganda, Northern Ontario. The
drill program will commence in early August. A minimum of 1,450 metres of
drilling is planned on the MC Zone to further evaluate the known gold
mineralization along strike and test at depth.
Recent drilling by Golden Harp on the MC Zone demonstrates near-surface,
bulk tonnage potential. Highlights include (GH-25), which intersected
43.75 metres of 1.02 g/t gold, including 10 metres of 2.25 g/t gold and
16 metres of 1.67 g/t gold in a heavily mineralized fuchsitic ultramafic
(green carbonates) (see news release June 10, 2008). The MC Zone is associated
with surface gold occurrences and an Induced Polarization (IP) anomaly that is
approximately 150 metres wide and extends over approximately 400 metres of
strike length. There are also a series of parallel IP anomalies which remain
untested. The Company has sent the MC drill core for gold metallics re-assay
checks. Results are pending.
Golden Harp has also recently received results from a Mobile Metal Ion
(MMI) soil geochemical survey carried out on the southern extension of the MC
Zone and the strike extension of the Cook Zone trend. A preliminary review of
the data suggests a series of new anomalies were detected. Of particular
interest are the anomalies proximal to the MC Zone. The data is being analyzed
and a report will be completed outlining priority targets for future drilling.
In addition, the Company is pleased to report that the extensive IP and
magnetic geophysical surveys evaluating the strike extent of the Golden Sylvia
Gold Zone (GSG), one of the Company's primary gold targets, is now complete.
The GSG Zone is a gold zone hosted within a cherty iron formation. Limited
drilling and mechanized stripping over a small portion of the iron formation
(approximately 450 metres of strike) has demonstrated potential for
substantial near-surface, low-grade gold mineralization over wide intervals
within a strongly deformed and brecciated iron formation. The type of
environment represents a second potential near-surface, bulk tonnage situation
on the 145 square kilometre, Copper Hill Property. The IP/Mag data is
currently being analyzed and will be compiled with historical geological data.
This information will assist in identifying and prioritizing new geophysical
targets along the iron formation, which has a projected strike length of
approximately 20 kilometres. The most prospective geophysical targets will
likely be followed up with MMI soil geochemical surveys to ascertain priority
drill targets for a future drill program.
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.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, President and CEO,
email@example.com, Tel: (604) 688-4277; Kevin Filo, P.Geo,
Senior Geologist, firstname.lastname@example.org, Tel: (705) 268-0371