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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: NEWS - Creston expands land position at Creston Molybdenum deposit, Sonora, Mexico

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Re: NEWS - Creston expands land position at Creston Molybdenum deposit, Sonora,

posted on Apr 25, 08 09:55AM

Molyfan, it is nice to see interest from our friends in Germany.

To answer your question, there is nothing wrong with this company. The sp is weak mainly because of the flight to quality caused by the market turmoil in the U.S.

I was at the AGM a few weeks ago, and can say that the company has a very solid plan. They have good people in place, and are moving forward aggressively.

You are correct I think in that the new resource estimate in August/September will be an important catalyst for the sp. Hopefully by then the markets will have recovered enough so that positive news will actually drive up the sp.

Other important events to note are:

Drilling on the main zone is scheduled to be completed in May. After that, they will be moving one drill to the Red Hill zone. I am very interested to see the results of this drilling, as it may significantly expand the overall resource numbers. Later in the year, they will do some drilling on the third zone (referred to in some of their material as the Alejandro zone).

Finally, the prefeasability study in approx. December will be very important. Maybe we will see a takeover at that point?

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