VANCOUVER, March 13 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today
announced results from exploration in and around the historical Cook Gold (CG)
Zone and a newly discovered peripheral gold occurrence designated Cookie Jar
(CJ) on its 100%-owned, 145 square kilometer Copper Hill Gold Property in the
Abitibi Greenstone Belt of Northern Ontario.
The Company conducted a mobile metal ion (MMI) soil geochemical case
study program over the CG Zone and the projected strike extension of the zone.
The purpose of this study was to ascertain the response over known
mineralization, and further evaluate specific portions of the projected CG
Zone strike associated with induced polarization (IP) anomalies. The MMI
survey detected the CG Zone and a number of new MMI anomalies along strike. A
particularly interesting anomaly returned gold levels 770 times background;
this soil response was directly above the new CJ occurrence located
approximately 600 metres southeast of the historical CG Zone.
A preliminary geological evaluation was conducted in the immediate
vicinity of the CJ occurrence. This evaluation consisted of limited hand
stripping, taking structural measurements and collecting a few samples. The CJ
occurrence is hosted in a felsic pegmatite dyke, which returned 5.21 g/t gold
from a grab sample. The dyke is hosted proximal to a NE striking contact
between a felsic intrusive and a package of carbonate altered mafic volcanics.
A wall rock grab sample of carbonate altered mafic volcanics on the margins of
the dyke also returned 0.54 g/t gold. No significant values were obtained from
the felsic intrusive. The distinct change in strike orientation at the CJ
occurrence relative to the main CG trend suggests a flexure or potential trap
for gold mineralization proximal to the CJ occurrence.
Further, approximately 50 meters due north of the CJ occurrence in an
overburden covered area, a broader MMI anomaly is present (CJ North Target).
This broad MMI anomaly is present over roughly 100 meters along Line 8E and is
coincident with both an IP anomaly and a large magnetic low. Preliminary
interpretation suggests that this target represents a similar potential gold
bearing environment to that found at the CJ occurrence; however, this target
appears substantially larger. Both the CJ occurrence and the CJ North Target
will be priority drill targets during the course of the Company's diamond
drill program expected to begin in late March, 2008.
In conclusion, this preliminary program of MMI geochemical surveying and
prospecting was particularly significant for a number of reasons:
- The program demonstrated that MMI in combination with geophysical
surveying is an effective tool for defining new gold targets; this
type of program can now be implemented across the entire property
where required for target generation.
- The program outlined a number of primary drill targets (CJ and CJ
North) as well as a number of new secondary targets all of which will
be drill tested in the immediate future.
- At the CJ occurrence there is a distinct change in strike orientation
relative to the main CG Zone - This may represent a structural trap,
a favourable feature, which often assists in concentrating gold
deposition. This strike change may explain why previous operators did
not intersect the CG Zone extension on large step outs to trace the
zone; as previous drilling occurred parallel to the current CJ
- The program demonstrated the potential to define further higher grade
mineralization similar to that found at the historical CG Zone
(Historical intersections along strike from the historic CG Zone
include: DDH-COOK 2 - 3.67 g/t Au over 18.5 m, including 10.04 g/t Au
over 5.0 m & 5.54 g/t Au over 10.5 m).
During the course of this work other prospecting, structural measurements
and sampling work was conducted in another area of the property to examine a
series of north/south structural features located in outcrop along the
highway. This work was not related to the MMI work or any geophysical target
referred to above and no significant values were returned.
Golden Harp 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 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
For further information:
For further information: Natasha Blackburn, Chief Operating Officer,
email@example.com, Tel: (604) 688-4277 x 225; Kevin Filo, P.Geo,
Senior Geologist, firstname.lastname@example.org, Tel: (705) 268-0371