GNH: TSX Venture
GOLHF: OTCQX
TORONTO, Nov. 11, 2011 /CNW/ - Golden Hope Mines (TSX VENTURE: GNH)(OTCQX: GOLHF) is pleased to provide an exploration update on its Fall 2011 diamond
drill campaign in Southeastern Quebec, Canada.
SGS Canada Inc.-Geostat, independent technical advisors to Golden Hope
and in close co-operation with the GNH technical team, designed the
initial drill program to verify past results and to further test the
T1, T2 and 88 zones to depth.
The company has completed 13 holes to date. A table of the holes and the
depth of the holes is presented below.
Hole ID
|
Easting
|
Northing
|
Elevation
|
Azimuth
|
Dip
|
Length
|
BD2011-157
|
405737.74
|
5156406.2
|
404.93
|
135
|
-80
|
467
|
BD2011-158
|
405726.17
|
5156474.4
|
405.75
|
135
|
-69
|
499
|
BD2011-159
|
405798.38
|
5156458.7
|
407.02
|
135
|
-77
|
450
|
BD2011-160
|
405890.25
|
5156451.7
|
404.34
|
135
|
-77
|
585
|
BD2011-161
|
405895.52
|
5156474.7
|
405.15
|
135
|
-74
|
604
|
BD2011-162
|
406008
|
5156277.4
|
398.31
|
135
|
-74
|
435
|
BD2011-163
|
405780.64
|
5156504.8
|
410.66
|
135
|
-71
|
578
|
BD2011-164
|
405710.1
|
5156433.9
|
405.49
|
135
|
-81
|
519
|
BD2011-165
|
405843
|
5156237
|
|
315
|
-55
|
362
|
BD2011-166
|
405985.54
|
5156306.3
|
|
315
|
-65
|
450
|
BD2011-167
|
406025
|
5156288
|
400.29
|
315
|
-50
|
386
|
BD2011-168
|
406012
|
5156266
|
405.7
|
315
|
-50
|
151
|
BD2011-169
|
406129
|
5156448
|
|
315
|
-65
|
449
|
BD2011-170
|
405735.86
|
5156436.4
|
404.57
|
135
|
-81
|
426 in progress
|
Hole BD2011-157 has been assayed and the results were released to the
market on September 12, 2011. The company reported that it had drilled
380.8 metres grading 0.61 g/t Au (uncut) or 0.55 g/t (cut) on its first
completed hole of the summer drill campaign at the Bellechasse-Timmins
Gold Deposit on the Bellechasse Gold Belt.
Holes BD2011-158,159, 160 and 164 have been logged, cut and sent out for
assaying to SGS Minerals Services in Toronto, Ontario. BD2011 - 161 has
been logged and samples are expected to be shipped by week end. The
remaining holes are currently being logged. Samples are then cut and
sent for assaying as each hole is completed.
The company will announce its results as they are received from the
assay laboratory, compiled and interpreted.
On October 31, 2011 the company also announced the mobilization of a 2nd diamond drill. The company is pursuing its definition drill campaign at
Bellechasse-Timmins in order to produce a compliant resource estimate
for gold.
