Saturday 22nd July 2017

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Golden Hope reports Quebec Gold Assays including 3.68 g/t over 34m

GNH:CA announced drill results from the Bellechasse-Timmins deposit, southeastern Quebec. Assay highlights include 3.68 g/t gold over 34 metres (including 103 g/t over 1 metre), 7.19 g/t over 10 metres (including 69.5 g/t over 1 metre) and 4.84 g/t over 7 metres.

President Frank Candido told, “Bellechasse-Timmins is the site of the first Canadian gold rush, and there is a long history there, but not until Golden Hope started spending substantial money has there been interest in the area. We believe that what we have now is not just a deposit but an entire belt. Where we’re drilling represents less than 5% of that belt—it’s probably around 1%. We have a nuggety deposit. By that, we know for a fact, that no matter what the assay results are, the average grade will forever be around 2 grams. When we did an 800-tonne bulk sample this year, we came out with an average grade of 3 grams. The grade is probably even better than that—between 3 and 4 grams. Diamond drilling will always underestimate the grade.”

“The name of the game for us is tonnage,” Candido continued, “and we think that we have 100 million tonnes within our reach; just in the small, 1 percent area in which we’re working. One hundred million tonnes represents a significant deposit of anywhere between 5 and 10 million ounces. So we’re very excited. And we’re in southeastern Quebec!”
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Frank Candido,

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