DAILY NEWS Nov 8, 2012 4:59 PM - 0 comments

GOLD EXPLORATION: Golden Hope cuts 144 g/t at Bellechasse-Timmins

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2012-11-08

QUEBEC – Golden Hope Mines of Montreal continues to intersect bonanza grades at its Bellechasse-Timmins gold deposit in the southeast part of the province. A step out hole returned a weighted average assay of 144.61 g/t Au over 1.0 metre. The step out hole was drilled in the T2 zone where the company reported “spectacular” grades including 6,140 g/t Au over 1.0 metre last January.

"The intersection of visible gold in hole BD2012-195 at 336 metres confirms our model that a high grade zone (nicknamed the Jewellery zone) is developing on the western flank of T2 zone. The core appearance; visible gold, brecciated arsenopyrite and pyrrhotite in quartz-carbonate is almost exactly the same as the core intersected in BD2011-167 at similar elevation," states Claude Duplessis, a qualified person at GoldMinds Geoservices.

"Intersecting visible gold of this magnitude is always very exciting. It suggests that the high grade mineralization at Bellechasse-Timmins is more extensive than previously known," said Golden Hope president Frank Candido in a news release.

The Bellechasse area was the site of an 1828 gold rush. Get more details in the corporate fact sheet posted at GoldenHopeMines.com.

Photos

Visible gold in core from the Bellechasse-Timmins deposit.
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Caption: Visible gold in core from the Bellechasse-Timmins depos...

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Golden Hope Mines Limited

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