Golden Hope Mines (TSX VENTURE:GNH) (OTCQX:GOLHF) has reported further assay results from it 2010 gold exploration campaign at the Bellechasse-Timmins gold deposit in south eastern Quebec. The results reported are from seven holes drilled at the T1, T2A and T2B gold zones.
The T1 gold zone has been extended to a 130 metre strike length to the southwest where a 13 metre intercept assayed 4.98 g/t in hole BD2010-124. An additional 14.0 metres of quartz veined diorite with haloed lower Au concentrations was intersected in this hole. The broader intercept gave an average gold grade of 2.47 g/t Au over 27 meters. The mineralized intersection is approximately 150 metres below the surface.
The current strike length on the T1 zone is still is open to the southwest where the mineralized diorite plunges under the Etchemin Formation volcanoclastic rocks. Additional drilling is planned to follow and define the northeastern extension of the zone.
The two deep holes (BD2010-132 and BD2010-133) intersected auriferous quartz veins in diorite and volcanics at a vertical depth of some 320 to 400 metres. Intersections from hole BD2010-132 included 2.03 g/t Au over a core length of 4.0 metres and 1.15 g/t Au over a core length of 5.0 metres.
The T2A zone has been currently intersected over a minimum strike length of 330 metres and to a vertical depth of approximately 270 to 340 metres. Hole BD2010-132 intersected 4.63 g/t Au over core length of 3.0 metres at a vertical depth of 340 metres.
Hole BD2010-133 cut an impressive 9.05 g/t Au over core length of 9.0 metres. The intersection in hole BD2010-132 represents the down dip extension of mineralization intersected in holes BD2010-115 and BD2010-119 that were previously reported in the news release dated September 22, 2011. Hole BD2010-133 is located down dip from gold mineralization intersected in holes BD2010-95 and BD2010-114.
The T2B zone has a currently defined 290 metres strike length with deepest intersections at approximately 300 metres of vertical depth. Hole BD2010-133 cut 0.32 g/t Au over core length of 4.0 metres. Hole BD2010-125 cut 7.57 g/t Au over core length of 10.0 metres. Visible gold was also observed in holes BD2010-130 and BD2010-131.
Due to the presense of visible gold throughout the gold zones, there will be aditional Full Pulp Metallics carried out on some of the assays reported above. Any significant new information will be released as it is received.
The company uses Activation Laboritories Limited in Ancaster Ontario for all assays. Actlabs is accredited to the international standard of ISO 17025 for gold analysis. All of the initial samples sent to the Actlabs undergo a Fire Assay treatment. Due to the presense of visible gold, any initial results over 25 ppb Au (parts per billion gold) are then re-assayed using Full Pulp Metalic Treatment. The Golden Hope procedure requires crushing, pulverizing and sieving the entire sample of approximately two kilograms. This company protocol can lead to delays in both receiving and reporting assay results.
There are currently a total of 31 holes from the 2010 Exploration program for which results have not been reported on; 25 holes from Bellechasse-Timmins (including the 88 zones) and 6 holes from Laval's Mountain, approximately 9.2 kms north of Bellechasse-Timmins. The company expects to report the results of these holes when they are received and interpreted.
Paul R.J. Nicholls, 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.
Source: Golden Hope Mines