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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Sheryl Field Development -CORRECTION

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Sheryl Field Development -CORRECTION

posted on Mar 27, 09 04:32AM

Oops I made a big mistake in my postings entitled Shelly Field Development. I connfused the Sheryl field with Shelly. Sheryl is the field that Sterling is the 35% partner in with Oilexco holding 65% which will now most likely be assumed by Premier Oil in its buyout of Oliexco's subsidiary ONSL. Sorry for the error.

Sterling stated the following in its March 11 news report concerning the Sheryl Field:

"Sterling is also pleased to announce that it has elected to take back operatorship for the Sheryl (Block 21/23a in the central North Sea) discovery in which Sterling holds a 35% interest. The project has been on hold, awaiting capacity in the Pict pipeline system, which is anticipated to be available in late 2009 or early 2010. Sheryl was originally drilled in 2006 and tested oil at a maximum rate of 1915 barrels of oil per day of 22 API gravity oil, although independent studies indicate the potential for up to 10,000 barrels of oil production per day from a high angle well with sand control and artificial lift."

Best Wishes; Scott

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