GNH: TSX Venture
GOLHF: OTCQX
VANCOUVER, May 18 /PRNewswire/ - Golden Hope Mines (TSXV: GNH) (OTCQX:GOLHF) is
pleased to report assay results from its 2011 winter gold
exploration campaign on the Bellechasse gold belt in south eastern
Quebec.
From November 16, 2010 to
February 8, 2011 Golden Hope Mines
Limited completed 11 holes totaling 3454.5 meters to further
evaluate the Ascot / Road, T1 and T2 zones.
Significant intersections include;
- 1.40 g/t Au over 25.0 metres in hole BD2011-154 (T2A Zone)
- 1.14 g/t Au over 22.0 metres in hole BD2011-156 (T1 NE
Extension Zone)
These holes and results have provided the company with very
important additional technical information indicating;
- The possible significant northeast extension of the T1 Zone,
currently the company's largest mineralized zone, potentially
significantly expanding the tonnage of the T1 Zone.
- Mineralization shows continuity to depths of approximately 300
metres on T2A; approximately 280 metres on T2B; and approximately
360 metres on the possible northeast extension of the T1 Zone.
- T2A Zone mineralization is confirmed along strike for
approximately 400 metres; true thickness ranges from 0.3m to 14.7
metres and averages approximately 4 metres.
- T2B Zone shows mineralized true thickness from 0.47 metres to
15.5 metres for an average true width of approximately 4
metres.
- All three zones remain open on strike to the northeast, to the
southwest, and to depth.
"The drill results continue to extend the known mineralized
zones both on strike and to depth, therefore contributing
significantly to the tonnage potential of the deposit. We will look
to further define these known zones while simultaneously expanding
upon them through exploration drilling as they remain open on
strike to the northeast, southwest and to depth." stated
Frank Candido, President, Golden
Hope Mines Limited.
The company continues to be encouraged by the results of diamond
drilling while bearing in mind that the primary distribution of
gold in these quartz-filled breccias and the small size of samples
possible (about 2kg/m of core) contribute strongly to assay
distributions which are not reliable estimators of the true
concentration of gold. Our experience to date suggests a
serious underestimation of the average grade by sampling diamond
drill cores as compared to results from large (5 to 10 tonnes)
samples of the breccias taken from surface exposures.
Combined Historical Diamond Drill Data
The company calculated the simple average of 3292 assays of
diamond drill cores from the T1 Zone, most of which were from the
upper 75 to 100 metres of the breccia. The simple average is 0.99
g/t Au, while the 5 -10 tonne samples, depending on the limits
used, indicate an average of 2.5 to 2.8 g/t Au for the surface
exposure of the breccia. Many of these core samples were taken
during past exploration programs (pre 2007). Core size,
preparation for assay and assaying procedures varied from one
program to the other and may have influenced this average.
272 diamond drill core samples from within the T2A Zone returned
a simple average of 1.85 g/t Au while 217 diamond drill core
samples from within the T2B Zone returned a simple average of 1.45
g/t Au. Most of these core samples were taken by the current
technical team, are generally of equal length, were subjected to
total pulp metallic assaying treatment and, although too small for
the primary distribution of metal, provide a more consistent
database.
Winter 2011 Diamond Drill Data
Near the bottoms of holes BD2011-152, 155 and 156, approximately
350 to 380 metres below surface, a zone of quartz veining in
diorite with visible gold was intersected along strike from the T1
Zone. The zone ranged from a thickness of 0.47 metres in hole
BD2011-152 (visible gold which assayed
