Assay results from Golden Hope Mines (GNH-V, GOLHF-O)’ Bellechasse property confirm the company has hit upon a second mineralized body at its Quebec gold project.
Results come from the Timmins deposit, highlighted by intervals from four separate holes that measured: 8 metres grading 3.48 grams gold per tonne; 4 metres of 3.42 grams gold; 4 metres of 2.317 grams gold and 2 metres grading 2.26 grams gold.
The 8-metre interval came from hole 92, the deepest hole drilled into the Timmins 2 zone. With mineralization found at depth at the 300- metre level, the company says the deposit is open at depth.
The solid results give Golden Hope a better understanding of what is a second mineralized intrusive at the site.
The first, which is known as Timmins 1 is a historical deposit found in 1952. The second, Timmins 2, was discovered by Golden Hope in 2007 and was the subject of the 2008 diamond- drill program.
The Toronto-based company says both intrusives contain horizontal and vertical to steeply dipping auriferous quartz veins and says gold is present in small clusters of nuggets.
During the 2008 program, the company also conducted a geochemical soil survey on a target with Timmins-style mineralization. It plans to conduct stripping, drilling, mapping and sampling at the prospect this year.
The Bellechasse gold project is wholly owned by Golden Hope and includes the Timmins and Ascot gold zones, the Coucou volcanic target and a number of newly claimed serpentinite geological formations.
The property lies at the end of the Appalachian range of mountains roughly 110 km southeast of Quebec City and 70 km northeast of the town of Saint-Georges.
Golden Hope shares have traded between 3.5¢ and 29¢ over the last 52 weeks. The company has 55.7 million shares outstanding.
Be the first to comment on "Golden Hope Hits New Mineralization"