HIGH GRADE GOLD MINERALIZATION INTERSECTED IN THE "COOK PORHYRY ZONE" IN SHINING TREE AREA, ONTARIO

VANCOUVER, Jan. 11 /CNW/ - Golden Harp Resources Inc. (GHR:TSXV) today announced that it has been advised by Mineral Mountain Resources Ltd. that it has announced the results from the drill program on the Cook.

Mineral Mountain Resources Ltd. issued a press release today - the verbatim text is included below:

Highlights:

    <<
    -   DDH GH10-38 intersects 4.66 g/t Au over 14.0m including 13.01 g/t Au
        over 4.0m.
    -   Gold mineralization hosted in intrusive alkaline porphyry intrusion,
        geologically similar to Creso Exploration's Minto deposit
        mineralization nearby and Lake Shore Gold's Thunder Creek deposit in
        the Timmins gold camp to the north.

    -   All historical and present drilling has been shallow. The Cook Zone
        offers excellent potential to host a commercial gold resource.
    >>

Vancouver, British Columbia, January 11, 2011: Mineral Mountain Resources Ltd. (MMV.TSX-V) ("Company") is pleased to report that positive assays for the first 3 diamond drill holes have been received from the ongoing drill program which is targeting the Cook Zone on Block A, a part of the Company's extensive land package totaling 145 sq. km located in the heart of the emerging Shining Tree gold district. Recently, the Company purchased Block A from Benton Resources Corp. (BTC.TSX-V) which is held under option to earn 70% interest from Golden Harp Resources Inc. (GHR.TSX-V) (see news release of October 26, 2010 on the Company's website www.mineralmtn.com).

Cook Porphyry Zone

This zone was first discovered in the 1930's and is hosted within silicified and carbonate altered mafic and ultramafic volcanic rocks that have been intruded by alkaline porphyry displaying intermittent brecciation and pervasive alteration associated with strong quartz carbonate veining with sulphides with up to 3% by volume. This zone has been subject to several diamond drill campaigns which have intersected significant, wide gold mineralization from several sub-parallel zones.

Some of the better historical down hole drill intersections prior to the Benton era (2009-2010) included 52.4 g/t Au over 4.0m (DDH B-04), 5.71 g/t Au over 4.6m (DDH B-06), 5.40 g/t Au over 7.6m (DDH T-14), 10.6 g/t Au over 3.1m (ORC-01) and 2.7 g/t Au over 13m (DDH KC-12).

Since March 2009, Benton conducted three separate phases of diamond drilling on the Cook Porphyry Zone confirming that the zone is a strong mineralizing event. The results for all of the Benton drill phases are tabulated in Table 2 below.

In December 2010, Mineral Mountain launched a 3500-metre drill program targeting the southwest extension of the Cook Porphyry Zone at about the 150m level below surface. Three holes, GH 10-36, 37 and 38 were completed and sampled prior to the holiday period. Mineral Mountain drill hole GH 10-36 targeted the Benton holes GH 09-04, 05, 06 and 10 while GH 10-37 and 38 targeted Benton holes GH 09-01, 08 and 09. Table 1 below summarizes the results of the 3 holes completed by Mineral Mountain. The shapes and dimensions of the areas of gold mineralization is not yet fully understood, thus true widths of these intersections still cannot be determined.

Diamond drill crews have resumed drilling of the Cook Porphyry Zone on January 10, 2011.

Nelson Baker, President and CEO commented: "Drilling results from the Cook Porphyry Zone continue to demonstrate that it hosts a very large gold system with considerable potential to support either a standard high grade mining or a low-cost bulk mining operation. The core of porphyry mineralization is similar to those found in world class mines in the Timmins Camp such as the Hollinger and McIntyre deposits. The excellent near surface widths and grades intersected provide us with great confidence that the Cook Porphyry could generate an important gold resource for the Company".

QA/QC Program

Mineral Mountain has implemented the following quality assurance/quality control (QA/QC) procedures for all of the Shining Tree Gold Project drill programs:

Core was logged then sawed in half, with one side bagged and labeled; the remaining half was placed in core boxes for a permanent record and stored on site. All samples were transported to Accurassay preparation laboratory in Sudbury, after which pulps are shipped to the analytical laboratory in Thunder Bay, Ontario. All samples sent for analyses were prepared using a jaw crusher, which was cleaned with compressed air between samples. A 250-gram split of the crushed sample with 70% passing through a 10 mesh screen was pulverized with 85% passing through a 200 mesh screen. Fire assays were performed using 50-grams of sample with assays equal to or greater than 10 g/t calculated gravimetrically, and lower-grade samples measured by atomic absorption. Multi-element analyses were performed using 1-gram of sample digested in aqua regia and analyzed by inductively coupled plasma atomic emission (ICPMS). Accurassay carries out duplicate assays on every 10th sample. Three Standards (one high grade, medium grade and one low grade) and one locally sourced Blank were inserted sequentially at every 20th sample into the drill core samples before shipment. All the blanks returned no significant gold values. Standards displayed standard deviations of less than 0.16 g/t and geometric means of +/- 1% of the known grade.

Core sample size varied from 0.5 to 2.0 metres with an average sample size of 1.14 metres. Quality control was monitored using a high grade (5.49 g/t) and medium grade (1.019 g/t) and low grade (0.43 g/t) gold standard from Analytical Solutions Inc, as well as a locally sourced rock blank.

The Project is managed by Joerg Kleinboeck, P. Geo. And the drill program is supervised by Wally Rayner, P. Geo., the Company's Vice President of Exploration, who has verified the contents of this press release and is the Qualified Person for this project.

    <<
                       Table 1 Summary of drill results
             Mineral Mountain Resources Cook Porphyry Zone 2010

    -------------------------------------------------------------------------
    Hole No.           From (m)         To (m)          Length        Au g/t
    -------------------------------------------------------------------------
    GH10-36              30.0            31.5             1.5          1.224
    -------------------------------------------------------------------------
                         40.5            45.0             4.5          0.610
    -------------------------------------------------------------------------
                         55.0            66.0             9.0          0.411
    -------------------------------------------------------------------------
    GH10-37             36.75            41.0            4.24          1.432
    -------------------------------------------------------------------------
                         45.0            54.0             9.0          0.921
    -------------------------------------------------------------------------
                         99.0           127.0            28.0          0.698
    -------------------------------------------------------------------------
    Including           119.0           122.0             3.0          2.548
    -------------------------------------------------------------------------
    GH10-38              93.0           107.0            14.0          0.944
    -------------------------------------------------------------------------
                        113.0           118.0             5.0          2.059
    -------------------------------------------------------------------------
                        146.0           157.0            11.0          0.787
    -------------------------------------------------------------------------
                        161.0           175.0            14.0          4.658
    -------------------------------------------------------------------------
    Including           161.0           165.0             4.0         13.008
    -------------------------------------------------------------------------
    >>

In drill hole GH10-38 a one meter interval from 161 to 162m assayed 40.13 g/t gold, confirming the potential for high grade shoots within the thicker sections of gold mineralization.

    <<
           Table 2: Summary of 2009 Benton Drill Results-Cook Zone
                       Mineral Mountain Resources Ltd.

    -------------------------------------------------------------------------
    Hole Number         From             To            Length         Au g/t
    -------------------------------------------------------------------------
    H09-01              200.1             233            32.9          1.933
    -------------------------------------------------------------------------
    Including           214.1           222.6             8.5          5.027
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-02             114.7           135.9            21.2          3.516
    -------------------------------------------------------------------------
    Including           130.4           135.9             5.5         11.968
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-02             152.0           157.3             5.3           3.04
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-03             138.3           139.8             1.5           2.79
    -------------------------------------------------------------------------
                        216.6           221.6             5.0          1.431
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-04             141.1           145.1             4.0          1.260
    -------------------------------------------------------------------------
                        163.7           169.4             5.7          0.743
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-05             248.5             252             3.5          0.556
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-06              61.9            72.4             0.5          1.390
    -------------------------------------------------------------------------
                        174.5           177.5             3.0         21.405
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-07             122.0           123.3             1.3          1.500
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-08             293.0           297.5             4.5          0.688
    -------------------------------------------------------------------------
    GH09-09              51.5            66.0            14.5          0.418
    -------------------------------------------------------------------------
                         72.0           107.0            35.0          0.838
    -------------------------------------------------------------------------
    Including            95.0            99.0             4.0          3.320
    -------------------------------------------------------------------------
                        121.0          127.78            6.78          1.195
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    GH09-10              31.0            53.0            22.0          0.622
    -------------------------------------------------------------------------
                         57.0            84.0            27.0          0.924
    -------------------------------------------------------------------------
    >>

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 the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

The information contained in the press release is a verbatim extract of the press release issued by Benton Resources Corp. Although Golden Harp believes the information included in the press release to be generally reliable, the data has not been independently verified and Golden Harp does not assume any liability for the accuracy or completeness of such information.

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 Harp Resources Inc.

For further information: about Golden Harp Resources Inc., please visit www.goldenharpresources.com or contact: Seamus Young, President and CEO, Tel: 604-688-4277

Profil de l'entreprise

Golden Harp Resources Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.