GNH: TSX Venture
GOLHF: OTCQX
TORONTO, July 14, 2011 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(OTCQX:
GOLHF) - Golden Hope Mines Limited is pleased to announce that it
has begun its summer 2011 drill campaign at the Bellechasse-Timmins
gold deposit in southeastern Quebec. The initial program is for 6 holes or
approximately 2800 metres.
Over the past few months, the GNH technical team in conjunction
with SGS Canada-Geostat has been reviewing the historical data on
the Bellechasse Belt and more specifically the Bellechasse
-Timmins Gold Deposit.
In summary, the following was concluded:
- The data at Bellechasse-Timmins are very encouraging and
support a recommendation for additional drilling to properly
outline the gold deposit at Bellechasse-Timmins.
- The Bellechasse Belt has great potential to produce other gold
deposits similar to those found within the Bellechasse-Timmins
area. An extensive exploration program covering the Golden Hope
Mines Limited claims in the Bellechasse Belt is warranted.
The initial holes as set out above are to further test the two
main zones explored to date; the T1 and T2 zones. Once these holes
have been drilled the next steps in the program will be laid
out.
A map of the proposed drill holes is available on the company's
web site at
http://www.goldenhopemines.com/exploration/bellechase_timmins_gold/
James E. Tilsley, P.Eng is acting
as the qualified person (QP) for Golden
Hope in compliance with National Instrument 43-101 and has
reviewed the technical contents of this release.
Forward-Looking Information:
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the company expects are
forward-looking statements. Although the company believes the
expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the statements. Various factors could
cause actual results to differ materially from those in
forward-looking statements. These include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on the company,
investors should review Golden
Hope's registered filings at www.sedar.com.
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.
About SGS Canada-Geostat:
SGS has over 25 years of experience in providing the mining
industry with computer-assisted ore reserve estimation services
using mainly geo-statistical techniques. SGS is known globally as
the expert in ore body modeling and reserve evaluation. SGS
utilizes the disciplines of geology, statistics, and mining
engineering to provide its clients with accurate and timely reserve
and modeling solutions.
SGS is a pioneer in computer-based ore body modeling and
resource estimation, providing these services since 1981. SGS has
provided modeling and resource estimation solutions to companies
involved in the mining of gold and precious metals, base metals,
iron ore, coal, uranium, diamonds and industrial minerals.
SGS produces independent qualification reports for companies
worldwide including due diligence audits, technical reports,
property evaluation, prefeasibility studies and certification of
reserves.
About Golden Hope Mines Limited:
Golden Hope is a mineral
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of potentially
large-scale gold and base metal projects suitable for underground
and/or open-pit mining. The company's focus is in southeastern
Quebec, Canada. The company's
claim blocks lie within an area that extends approximately 100
kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres
southwest of Beauceville. The
Bellechasse-Timmins gold deposit lies 5 kilometres southeast of
St-Magloire within the Bellechasse
Belt an approximately 18 kilometre long mineralized area. The
Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and eight known parallel gold-bearing
breccias in the adjoining 88 Diorite. The company is also working
to develop other targets within its claim blocks including the FSG
gold and base metal target, the St-Luc (Roux) target, Chute du Bras, the LG
showing, Moose Cliff, and Talon. For further information on
Golden Hope Mines Limited please
visit www.goldenhopemines.com.
Golden Hope Mines Limited
Frank Candido
President, Director
514-750-8218
416-864-0175 (FAX)
fcandido@goldenhopemines.com or info@goldenhopemines.com
www.goldenhopemines.com
or
Public Relations Canada:
Paradox Public Relations
Corporate Communications
1-866-460-0408
or
Investor Relations USA:
American Capital Ventures
Richard Hull
305-918-7000
SOURCE Golden Hope Mines Limited
