| Golden Hope Mines Limited is a junior exploration company listed in Canada on the TSX Venture Exchange under the symbol GNH and in the U.S. on the OTCQX under the symbol GOLHF.
Golden Hope Mines Limited is focused on growing shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects. The Company ´s project consists of the Bellechasse gold belt in Southern Quebec, Canada. The property is located on a mineralized belt that is mostly owned by Golden Hope and which includes the Bellechasse-Timmins gold deposit. The Company aims to explore and develop this flagship project into a world-class gold asset in an under explored region of one of the friendliest mining jurisdictions with excellent access and low cost infrastructure.
Golden Hope Mines Ltd. is actively exploring the Bellechasse region with the objective of defining resources and completing NI 43-101 reports on those deposits.
V.GNH Golden Hope Mines Ltd. Company Website: goldenhopemines.com
Shares Outstanding: 157,697,952 - Fully Diluted, Jan. 2012
Corporate Presentation: goldenhopemines.com
Report on Golden Hope Mines.
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Latest News
Golden Hope Intersects 25 metres of 2.06 g/t Gold and 8 metres of 2.26 g/t Gold Near Surface at Bellechasse-Timmins, Quebec.stockhouse.com
Golden Hope Intersects 152 Metres of 1.51 g/t Gold (Au) at Bellechasse-Timmins
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Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 Metres and 0.75 g/t Au Over 56 Metres at Bellechasse-Timmins, Quebec
MONTREAL, March 5, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) - Golden Hope Mines Limited is pleased to announce further significant results from its 2011 drill campaign in southeastern, Quebec. The company received results from the wedge holes BD2011-167a and BD2011-167b.
The two wedges repeat the 53m long intersection of 0.63 g/t Au found in previously announced hole BD2011-167 with a 56m long interval of 0.75 g/t Au in BD2011-167a and a 57m long interval of 1.27 g/t Au in BD2011-167b. At its bottom extremity, the wedge also confirms the previously encountered mineralization found in BD2011-167 as BD2011-167a intersected 5m of 2.59 g/t Au including 1m of 12.40 g/t Au. The horizontal extent of this zone is still under investigation with more drilling planned in the immediate vicinity.
Result highlights from the wedge holes are presented in tables below.
| | | | | | | | | | | | Hole Number | From | To | Length | Au (g/t) | Hole Number | From | To | Length | Au (g/t) | | BD2011-167a | 282 | 338 | 56 | 0.75 | BD2011-167 * | 282 | 335 | 53 | 0.63 | | Including | 282 | 299 | 17 | 1.57 | Including | 282 | 297 | 15 | 1.50 | | Including | 325 | 338 | 13 | 1.02 | Including | 329 | 335 | 6 | 1.25 | | BD2011-167a | 375 | 380 | 5 | 2.59 | BD2011-167 * | 374 | 380 | 6 | 1024.00 | | Including | 378 | 379 | 1 | 12.40 | Including | 374 | 375 | 1 | 1.87 | | | | | | | Including | 375 | 376 | 1 | 6140.00 | | | | | | | Including | 376 | 380 | 4 | 0.59 |
| | | | | | | | | | | | Hole Number | From | To | Length | Au (g/t) | Hole Number | From | To | Length | Au (g/t) | | BD2011-167b | 275 | 332 | 57 | 1.27 | BD2011-167 * | 282 | 335 | 53 | 0.63 | | Including | 275 | 305 | 30 | 1.57 | Including | 282 | 297 | 15 | 1.50 | | Including | 314 | 332 | 18 | 1.34 | Including | 329 | 335 | 6 | 1.25 | | | | | | | BD2011-167 * | 374 | 380 | 6 | 1024.00 | | | | | | | Including | 374 | 375 | 1 | 1.87 | | | | | | | Including | 375 | 376 | 1 | 6140.00 | | | | | | | Including | 376 | 380 | 4 | 0.59 |
Table 1: Comparison of wedges
* The results for drill hole BD2011-167 were disclosed in a January 26,2012 press release and have been included for comparison purposes only. The lengths are core lengths and the assays are uncut. A copy of the press release can be obtained on the companies web site at (http://www.goldenhopemines.com/_resources/news_releases/nr_2012_01_26.pdf).
"The wedges confirm the presence of the mineralized zone of gold and in particular repeat the previous announced results from hole 167. We are pleased with the amount of important information that we continue to accumulate as we move closer to our initial goal of a resource estimate at Bellechasse-Timmins" states Frank Candido, President, Golden Hope Mines Limited.
Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. 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.
Forward-Looking Information
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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?
514-750-8218?
416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com?
www.goldenhopemines.com?
Investor Relations USA:?American Capital Ventures
Richard Hull:?305-918-7000
SOURCE Golden Hope Mines Limited
Source: PR Newswire (March 5, 2012 - 9:00 AM EST)
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Golden Hope Mines Limited Adopts Shareholder Rights Plan
TSX VENTURE: GNH
Pink Sheets: GOLHF
MONTREAL, Feb. 22, 2012 /CNW/ - Golden Hope Mines Limited (TSX Venture: GNH) (Pink Sheets: GOLHF) - Golden Hope Mines Limited is pleased to announce that its Board of Directors (the "Board") at a meeting of the Board held on January 30, 2012, approved the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"), entered into with Equity Financial Trust Company, as rights agents, effective January 30, 2012.
The Rights Plan was adopted to provide adequate time for the Board and the Corporation's shareholders to assess any unsolicited take-over bid (a "Bid") which might be received, as well as to provide the Board with sufficient time to explore and develop alternatives for maximizing shareholder value and to provide the Corporation's shareholders with an equal opportunity to participate in the Bid and protect them from unfair or coercive tactics. The Rights Plan was not adopted as a result of any pending or suspected unsolicited Bid to acquire control of the Corporation.
The Rights Plan is intended to encourage any Bid to satisfy certain minimum standards designed to promote fairness. If a Bid fails to satisfy these minimum standards, the Rights Plan provides that holders of the Corporation's common shares, other than the bidder, will be able to purchase additional common shares.
The Rights Plan has not been approved by the TSX Venture Exchange and is subject to the ratification by the shareholders of the Corporation at its Annual and Special meeting of Shareholders scheduled to be held in Toronto on June 18, 2012.
A copy of the Rights Plan will be filed under the Corporation's profile on SEDAR at www.sedar.com and made available on Golden Hope's website at www.goldenhopemines.com
Forward-Looking Information:
This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. 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
514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com
info@goldenhopemines.com
www.goldenhopemines.com
Source: Canada Newswire (Feb 22, 2012 09:30:00 EST)
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Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 Metres and 0.75 g/t Au Over 56 Metres at Bellechasse-Timmins, Quebec
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Golden Hope Intersects 4.39 g/t Au Over 33 Metres and 1.07 g/t Au Over 91 Metres at Bellechasse-Timmins, Quebechttp://www.newswire.ca/en/story/917937/golden-hope-intersects-4-39-g-t-au-over-33-metres-and-1-07-g-t-au-over-91-metres-at-bellechasse-timmins-quebec
Golden Hope Intersects 6140 g/t Au (197.4 oz/t Au) of Gold Over 1 Metre at Bellechasse-Timmins, Quebechttp://www.newswire.ca/en/story/911249/golden-hope-intersects-6140-g-t-au-197-4-oz-t-au-of-gold-over-1-metre-at-bellechasse-timmins-quebec |
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