Golden Hope Mines Begins Drill Program on Its Riviere Des Plantes Project
Posted on: Wednesday, 15 October 2008, 09:00 CDT
GOLDEN HOPE MINES LTD. (TSX VENTURE: GNH)(PINK SHEETS: GOLHF): Golden Hope Mines announces the transfer of its diamond drill rig from the Timmins gold deposit to its Riviere des Plantes serpentinite target located in Bellechasse - Chaudiere Quebec.
The property was acquired in June of 2008 (see news release of June 17th). Subsequently, Golden Hope acquired additional continuous claims around the property.
The Riviere des Plantes property covers the strike extension of the serpentinites identified north of the Bellechasse gold belt and is an extension into the historic Beauce alluvial gold camp. It is contiguous with the 1200 claims the company already holds in the area. An unknown quantity of gold and platinum was extracted from the black sand-rich gravels in the lower stretches of Riviere des Plantes.
Prospecting by Vendittelli and Gartner in 2001 identified elevated levels of PGE in the exposed serpentinized ultramafic rocks on the north side this property (up to 1.3 gm/t Pt in grab samples).
The property is drill ready. The drill will test IP/resistivity anomalies in a silicified zone within the melange where previous drilling is reported to have found gold.
The company has planned a series of holes to test these anomalies as well as several other targets.
Timmins Gold Deposit:
The current phase of the drill program on Timmins 2 is now completed. 14 holes have been drilled for a total of 2,226 metres (7,301 feet).
The core is currently being logged, cut, sampled and sent to Eastern Analytical Limited for standard fire assay. Results will be released when received, compiled and interpreted.
The Company has also started its rock trenching program on Timmins 2 to expose and sample the mineralized zone. The 2008 drilling has confirmed our expectations on structure and mineralization for Timmins 2. The trenching will allow bulk sampling to test the grade at surface.
About Golden Hope Mines Ltd.
Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold, silver and base metal projects suitable for underground and/or open-pit mining. The company's two areas of interest are located in Quebec, Canada and Maine, U.S.A. The Bellechasse gold project in Quebec includes the Timmins and Ascot gold zones, the Coucou volcanic target and a number of newly claimed serpentinite geological formations. For further information on Golden Hope, visit www.goldenhopemines.com.
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. Factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the company, investors should review registered filings at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Investor Relations: Auburn Partners (647) 430-8760 Golden Hope Mines Limited Louis Hoel President (416) 362-3509 (416) 864-0175 (FAX) Email: lhoel@goldenhopemines.com or info@goldenhopemines.com Website: www.goldenhopemines.com
SOURCE: Golden Hope Mines Limited
Source: MARKET WIRE
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