Golden Hope Intersects 152 Metres of 1.51 g/t Gold (Au) at Bellechasse-Timmins, Southeastern Quebec

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Golden Hope Mines Limited

Apr 18, 2012, 08:55 ET

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MONTREAL, April 18, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) - Golden Hope Mines Limited is pleased to announce further significant drill results from its 2011 and winter 2012 drill campaign in southeastern, Quebec. The company is pleased to present the following table of highlights from hole BD2012-192.

Hole Number From To Length (m) Au (g/t)
BD2012-192 249 401 152 1.51
including 290 296 6 1.04
including 315 340 25 1.67
including 358 376 18 1.63
including 386 401 15 6.95
BD2012-192 462 465 3 2.36
including 463 464 1 7.06
BD2012-192 534 553 19 2.05

Table 1: Highlights from BD2012-192 ;results are core length and not capped.

Hole BD2012-192 was planned to intersect and test the extension of a mineralized zone within T2, previously identified on a section containing holes BD2011-163, 166, 167, 167a and 167b.  Upon completion of the logging of BD2012-192, it was decided to prioritize this hole for cutting and sampling to expedite the reception of results from the laboratory.

Hole 192 was drilled to the southeast at a steep angle almost perpendicular to the 167 series of holes and further outlines the extent of this substantial mineralized zone.

"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 " states Frank Candido, President, Golden Hope Mines.

Golden Hope Mines is also pleased to present the following highlights from holes BD2011-181, 182 and BD2012-183, 184 and 185.

Hole Number From To Length (m) Au (g/t)
BD2011-181 10 30 20 0.37
Including 29 30 1 4.75
BD2011-181 79 87 8 0.73
Including 79 80 1 4.06
BD2011-181 99 131 32 0.54
Including 120 127 7 1.45
BD2011-181 158 191 33 0.36
Including 159 160 1 3.97
Including 177 178 1 2.31
BD2011-182 22 31 9 0.41
Including 22 23 1 1.79
BD2011-182 63 111 48 0.39
Including 85 88 3 1.05
Including 94 95 1 5.11
Including 98 99 1 1.14
Including 103 104 1 1.74
BD2011-182 130 144 14 0.57
Including 132 133 1 1.09
Including 137 138 1 2.05
Including 141 142 1 1.46
BD2012-183 122 131 9 0.54
Including 128 129 1 3.19
BD2012-183 181 239 58 0.5
Including 181 185 4 1.16
Including 190 195 5 0.99
Including 213 222 9 0.81
BD2012-183 277 284 7 2.02
Including 277 278 1 12
BD2012-183 394 404 10 0.58
Including 396 398 2 1.94
Including 403 404 1 1.17
BD2012-184 48 128 80 0.43
Including 53 54 1 2.08
Including 93 97 4 2.77
Including 108 109 1 1.34
Including 127 128 1 4.41
BD2012-184 157 167 10 2.07
Including 164 165 1 18.1
BD2012-184 268 275 7 0.87
Including 268 270 2 1.23
Including 272 275 3 1.13
BD2012-184 301 305 4 1.67
Including 301 302 1 1.78
Including 304 305 1 4.88
BD2012-185 65 68 3 3.29
Including 65 66 1 8.02
Including 67 68 1 1.78
BD2012-185 380 381 1 4.69
BD2012-185 429 436 7 1.16
Including 433 434 1 5.81

Table 2: Result highlights from 181, 182,183,184 &185 core length not capped

Hole BD2011-181 intersected the top eastern edge of the near surface zone in T2 and also further established the position and extension of the middle zone. Hole BD2011-182 showed continuity of the near surface zone in T2 for a potential open pit mining operation. Hole BD2012-183 extended the mineralized zone vertically within the 88 Diorite.  Hole BD2012-184 illustrated the near-surface "U" shape of the 88 Diorite and intersected both flanks, the northwestern near surface and the southeastern at depth. Hole BD2012-185 hit the edge of the "U" shape and shows the 88 extension turning east-west.

A drilling campaign is currently being  planned to further extend and better define the envelopes of mineralization at the Bellechasse-Timmins gold deposit.

Bellechasse-Timmins Exploration Update:

There are currently 9 holes outstanding from the Winter 2012 campaign at the SGS Labs in Toronto including BD2012-186, 187, 188, 189, 190, 191, 193, 194 and Beland 04 and 05.

Samples were prepared and analyzed at SGS Minerals Services laboratories in Don Mills, Ontario. Analysis for gold was done on one half of core samples following FAI525 fire assay routine including extensive preparation of the samples. SGS introduced standards and blanks in the sequence.

Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified persons (QP) in compliance with National Instrument 43-101 and have reviewed the technical contents of this press release.

James E. Tilsley, 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.

About Golden Hope Mines Limited:

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 and base metal projects suitable for underground and/or open-pit mining. The company's focus is in southeastern Quebec, Canada. The company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt an approximately 18 kilometre long mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road gold zones, and the 88 Diorite. The company is also looking to develop the Champagne zone, a partially explored base metal and gold deposit that lies within the Company's Bellechasse Belt claims. A recently completed VTEM survey may identify other similar targets along the horizon. The company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com. 

 

Golden Hope Mines Limited

Frank Candido
: President, Director

Tel: 514-750-8218

[email protected]
[email protected]

www.goldenhopemines.com

SOURCE Golden Hope Mines Limited