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Resource Clips


Posts tagged ‘Golden Hope Mines Limited (GNH)’

Golden Hope reports Quebec Gold Assays including 2.06 g/t over 25m

May 7th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Hope Mines Limited TSXV:GNH announced drill results from its Bellechase-Timmins Gold Deposit in southeastern Quebec. Highlights include

0.83 g/t gold over 28 metres (including 2.26 g/t over 8 metres)
2.06 g/t over 25 metres (including 9.21 g/t over 5 metres)
1 g/t over 41 metres (including 3.53 g/t over 6 metres)
0.81 g/t over 15 metres (including 6.23 g/t over 1 metre)
1.82 g/t over 9 metres
12.63 g/t over 3 metres (including 37.6 g/t over 1 metre)
0.6 g/t over 32 metres (including 1.33 g/t over 5 metres)

President Frank Candido comments, “We are very pleased with these latest results. Many of the results show significant near-surface mineralization all within a vertical depth of 150 metres from surface. These latest results in addition to the results which have been announced in the past few months provide the company with a clear plan for continued drilling and expansion of the Bellechasse-Timmins Gold deposit for the pending spring, summer and fall drill campaigns.”

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Contact:
Frank Candido
President/Director
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays including 1.51 g/t over 152m

April 19th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining Golden Hope Mines Limited TSXV:GNH announced drill results from its Bellechase-Timmins Deposit in southeastern Quebec. Assays include

1.51 g/t gold over 152 metres (including 6.95 g/t over 15 metres)
2.05 g/t over 19 metres
0.37 g/t over 20 metres (including 4.75 g/t over 1 metre)
0.54 g/t over 32 metres (including 1.45 g/t over 7 metres)
0.36 g/t over 33 metres (including 3.97 g/t over 1 metre)
0.57 g/t over 14 metres (including 2.05 g/t over 1 metre)
0.54 g/t over 9 metres (including 3.19 g/t over 1 metre)
2.07 g/t over 10 metres (including 18.1 g/t over 1 metre)
1.16 g/t over 7 metres (including 5.81 g/t over 1 metre)

President Frank Candido commented, “We are extremely pleased with these latest drill results. They continue to support the potential for significant mineralization at Bellechasse-Timmins and provide us with much motivation as we enter the next phase of drilling. Our increased understanding of the deposit also allows us to more effectively plan our next campaign to continue to define the extent of the zones of mineralization at Bellechasse-Timmins.”

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Read more about Golden Hope Mines

Read April 12 interview with President Frank Candido

Contact:
Frank Candido
President/Director
514.750.8218

by Dennis Dale

Golden Hope President Frank Candido on Quebec assays of 1.79 g/t gold, 27.52 g/t silver over 3.8m

April 13th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Hope Mines Limited TSXV:GNH announced assays from its Champagne deposit in the Appalachian Fold Belt of southeastern Quebec. Results include

1.23 g/t gold, 11.71 g/t silver and 1.6% zinc over 11.7 metres
(including 1.79 g/t gold, 27.52 g/t silver and 2.77% zinc over 3.8 metres)
1.15 g/t gold, 17.24 g/t silver and 2.2% zinc over 8.2 metres
(including 2.02 g/t gold, 30.14 g/t silver and 3.56% zinc over 4.7 metres)
1.28 g/t gold, 14.33 g/t silver and 1.73% zinc over 1.7 metres

President Frank Candido tells ResourceClips.com, “Bellechase-Timmins is a diorite quartz veining-hosted gold ore body, so it’s completely distinct from Champagne, which is a volcanic sulphide deposit. There was a report published by a gentleman by the name of Bergman in 1954, which was then updated in the 1990s by the Centre Geoscientifique de Quebec, which stated there was approximately a (non-NI 43-101) 300,000-tonne deposit—very shallow because all the drilling was very shallow—[grading] 2.4 g/t gold and approximately 20 g/t silver, with copper, lead and zinc credits.

I certainly am bullish on gold still. There are a lot of mixed signals coming out of the Fed, but ultimately I still think that the macroeconomic situation bodes well for gold. Certainly, I don’t think the juniors can stay at these lows forever—Frank Candido

“Champagne is within the same belt, so not completely distinct from Bellechase-Timmins. When we decided that we were going to prioritize Champagne as the next target, the first thing we wanted to do was make sure it existed and was there. There are no cores available from the time it was drilled, so we don’t have the core and don’t have the collar locations. We only know approximately where the drill holes were drilled. When we finally did drill Champagne—again, not really knowing where the zone was but guessing—we found we had intersected the furthest southwest part of the deposit. So it confirmed that, yes, the deposit is there, and we’re getting similar values. It’s provided us with a lot of encouragement obviously.”

“We’re about to publish the results from a VTEM survey [on Champagne],” Candido continues, “and I think it’s going to show that there is not only lots of room for growth on the Champagne zone itself but also lots of potential to repeat the Champagne zone over and over again because of the amount of anomalies. That information should come out in the next few days I think. We’re also expecting to put out the 43-101 resource estimate on Bellechase-Timmins very soon. [The VTEM] can put us in a situation where we can get into definition drilling at Champagne, which would give us basically two distinct projects simultaneously that we can develop quickly. That’s exciting for us.”

Regarding the resource estimate from Bellechase-Timmins, Candido says, “Holes 181 through 194 are still outstanding, so that’s 13 holes outstanding from our campaign which we stopped about three weeks ago. We’re expecting those holes back or most of those holes back within the next two weeks or so.

“The drilling at Champagne will be dependent on the VTEM, but as I said we’re expecting to publish that shortly. We’re putting the plan together for the drill campaign there now. The 43-101 will be published very shortly after most of those holes are in—not all the holes but some of those holes have been deemed very important. In the not too distant future, we’ll put a plan out to the market on how we will expand the resource that we have at Bellechase-Timmins and [which will] define the Champagne target. We expect to be drilling again certainly by the month of May.”

Infrastructure, Candido notes, “is excellent if you’re talking about access, hydro, workers and so forth. What there isn’t in southeastern Quebec is any gold mines, and so there’s no mining infrastructure. There are no mills and that sort of thing in the area. There is asbestos mining, and so there are miners in the area that we can get, but the one thing that’s lacking in the area is having a mill.

“We have about $1.8 million in the bank, so we’re okay for now. It all depends on the market. Is this going to be the market for the rest of the year? I don’t know. Both [majors and juniors] are lagging the price of gold, and I don’t know when that will end. I certainly am bullish on gold still. There are a lot of mixed signals coming out of the Fed, but ultimately I still think that the macroeconomic situation bodes well for gold. Certainly, I don’t think the juniors can stay at these lows forever. At some point, the market will rebound. All we can do is focus on the work we’ve got and hope the rest takes care of itself.

“I’m falling more in love with the project every day,” Candido says. “We hired SGS Geostat as independents to model a resource for us, and I’ve been feeding off their enthusiasm. They came in and were as reticent as many people given that we were in southeastern Quebec, but when they saw the drill core we were getting, they started to see the possibilities for expansion as well. Certainly having intersected those massive sulphides at Champagne bodes well for us. GWR Resources TSXV:GWQ is about to put out their results along the same horizon of Champagne, and I think they’re about two kilometres away. And Bowmore TSXV:BOW, which is essentially funded by Osisko TSX:OSK, put out a press release today talking about further drilling in the area and they referenced our Champagne deposit in their [April 11] press release.”

He concludes, “I think things are starting to heat up again in southeastern Quebec, and I think you’ll hear a lot more about it this year.”

View Company Profile

Read more about Golden Hope

Contact:
Frank Candido
President/Director
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays including 4.39 g/t over 33m

February 8th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Hope Mines Limited TSXV:GNH announced drill results from its Bellechase-Timmins deposit in southeastern Quebec. Highlights include

1.07 g/t gold over 91 metres (including 4.25 g/t over 7 metres)
0.9 g/t over 11 metres
4.39 g/t over 33 metres (including 14.54 g/t over 9 metres)
1.54 g/t over 5 metres
0.93 g/t over 21 metres
0.9 g/t over 60 metres (including 2.8 g/t over 14 metres)

President Frank Candido comments, “Once again, we are extremely pleased with these latest drill results. The near surface significant gold values are most encouraging. These results continue to provide us with valuable information in our continued effort to define this very exciting gold deposit in southeastern Quebec.”

View Company Profile

Read more about Golden Hope

Contact:
Frank Candido
President
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays including 1,024 g/t over 6m

January 26th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Hope Mines Limited TSXV:GNH announced assays from its Bellechase-Timmins deposit in Quebec. Results include

0.52 g/t gold over 125 metres (including 1.29 g/t over 32 metres)
0.63 g/t over 53 metres (including 1.5 g/t over 15 metres)
1,024 g/t over 6 metres (including 6,140 g/t over 1 metre)

President Frank Candido remarked, “We are extremely pleased with these latest results. As we continue our aggressive drill campaign, we keep encountering significant mineralization. We are working to define the area around Bellechasse-Timmins and these results combined with the previous results in the 2011 campaign, provide us with the motivation to push forward enthusiastically. Results such as those encountered in hole 167 are certainly very encouraging and need to be interpreted within the context of the entire deposit.”

View Company Profile

Read more about Golden Hope

Contact:
Frank Candido
President
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays including 1.33 g/t over 112m

December 7th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGolden Hope Mines Limited TSXV:GNH announced assays from the 88 zone of its Bellechasse-Timmins deposit in Quebec. Results include

0.7 g/t gold over 41 metres (including 1.6 g/t over 7 metres)
1.33 g/t over 112 metres (including 7.01 g/t over 13 metres)
0.96 g/t over 25 metres (2.16 g/t over 6 metres)

President Frank Candido remarked, “Today’s results clearly demonstrate that there are excellent intersections outside of the already known T1 and T2 zones. Hole 162 confirms previous work completed in the 2010 drill campaign in the 88 zone and further establishes that part of the intrusive complex as an area of immediate focus to the company. There is considerable gold at Bellechasse-Timmins and the results continue to motivate us to push on further as we work towards our first resource estimate.”

View Company Profile

Contact:
Frank Candido
President/Director
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays including 4.36 g/t over 1m

March 10th, 2011

Golden Hope Mines Limited TSXV:GNH announced results from its Bellechasse-Timmins Gold Deposit in southeastern Quebec. Assays include 4.36 g/t gold over 1 metre, 1.72 g/t over 1 metre, 0.58 g/t over 21 metres and 1.16 g/t over 3 metres.

President Frank Candido said, “We are very encouraged by the preliminary drill results from the winter drill campaign. We are especially encouraged by the continued occurrence of visible gold in the core as it provides us with initial evidence of the potential expansion of some of the known zones including T1 and T2 at Bellechasse-Timmins. We are also very pleased with the drill results from the 88 diorite. The bulk sample data from the 88 zones reported on March 4, 2011 provided us with further evidence of the potential of the 88 zones. Additional exploration drilling will provide the required data to further evaluate the currently known eight mineralized zones.”

View Company Profile

Contact:
Frank Candido
President, Director
514.750.8218

by Ted Niles

Golden Hope reports Quebec Assays up to 3.16 g/t Gold over 3m

February 15th, 2011

Golden Hope Mines Limited TSXV:GNH announced results from the 88 Gold Zone of its Bellechase-Timmins Gold Deposit in southeast Quebec. Assays include 1.22 g/t gold over 10 metres, 1.24 g/t over 6 metres, 1.35 g/t over 7 metres, 1.54 g/t over 8 metres (including 6.05 g/t over 1 metre), 1.69 g/t over 5 metres, 2.32 g/t over 2 metres, 2.72 g/t over 3 metres (including 5.69 g/t over 1 metre) and 3.16 g/t over 3 metres (including 7.81 g/t over 1 metre).

There are currently a total of 20 holes from the 2010 Exploration program for which results have not been reported. Golden Hope expects to report the results of these holes when they are received and interpreted. The company is also waiting for the results of a 1,700-tonne bulk sampling program completed on January 27.

View Company Profile

Contact:
Frank Candido
President/Director
514.750.8218

by Ted Niles

Golden Hope reports Quebec Gold Assays up to 4.98 g/t over 13m

January 20th, 2011

Golden Hope Mines Limited GNH:CA announced results from its Bellechase-Timmins Gold Deposit in Quebec. Assay highlights include 4.98 g/t gold over 13 metres, 7.57 g/t over 10 metres, 2.03 g/t over 4 metres, 4.63 g/t over 3 metres and 9.05 g/t over 9 metres.

Golden Hope’s main project consists of the Bellechasse gold belt in southeastern Quebec. The property is located on a mineralized belt that is mostly owned by Golden Hope and which includes the Bellechasse-Timmins gold deposit.

View Company Profile

Contact:
Frank Candido
President/Director
514.750.8218

by Ted Niles