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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

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: Sprott Says U.S. Depression Will Boost Gold Price

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PhaTCaT_007

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Re: Resource Estimate

in response to Re: Resource Estimate by public101

posted on Feb 12, 09 06:55AM

What I was told is that some of the aggregates were valuable and would be able to be shipped off and sold in order to finance the rest of the exploration costs.

The one that comes to mind that the IR mentioned was that the sand was the same needed by the PGA for high end gold courses. There were others also, but that is the only one I remembered. By selling some of these off it can provide revenue that can be applied against exploration and further drilling.

I haven't called in a few weeks, maybe we should get clarification on these. Last time though, he said that the 43-101 compliant resource estimate was imminent for the aggregate portion of the property.

Hope this helps.

PhaTCaT

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