Golden Hope Mines Ltd. (GNH) scores in Bellechasse

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Another Quebec Gold Rush?
Golden Hope scores in Bellechasse
~ By Kevin Michael Grace and Ted Niles, September 23rd, 2010
Perhaps Quebec should change its nickname from “La belle province” say results are, the average grade will forever be around 2 grams. When
to “La province d’or.” First there was a gold rush to the northwest Abitibi we did an 800-tonne bulk sample this year, we came out with an average
region, near the Ontario border. Now there is another rush, this time to the grade of 3 grams. The grade is probably even better than that — between
southeast Beauce region, near the Maine border. And this development is 3 and 4 grams. Diamond drilling will always underestimate the grade.”
entirely fitting, reckons Frank Candido, President of Golden Hope Mines
Ltd. (GNH:CA). Golden Hope believes it could be on the verge of proving the biggest gold
deposit in recent Canadian history. “The name of the game for us is ton-
“Bellechasse-Timmins is the site of the first Canadian gold rush,” Candido nage,” Candido concludes. “And we think that we have 100 million tonnes
points out. Placer miners flocked to the region in 1863 and found two of within our reach: just in the small, 1 percent area in which we’re working.
the largest gold nuggets in Canadian history: the Kilgour (52 ounces) and One hundred million tonnes represents a significant deposit of anywhere
the McDonald (45 ounces). But in the 150 years since then, the region has between 5 and 10 million ounces. So we’re very excited. And we’re in
seen little but asbestos mining. “Not until Golden Hope started spending southeastern Quebec!”
substantial money has there been interest in the area.”
“
We believe that what we
have now is not just a
deposit but an entire belt
– Frank Candido
There’s certainly no shortage of interest now. Companies exploring the
Beauce today include Osisko Mining (OSK:CA), Fancamp Exploration
(FNC:CA), NioGold Mining (NOX:CA), Midland Exploration (MD:CA),
Uragold Bay Resources (UBR:CA), VVC Exploration (VVC:CA), Nevado
Resources (VDO:CA) and GWR Resources (GWQ:CA).
Golden Hope released highly-encouraging assay results September 22.
These include 3.68 g/t over 34 metres, including 103 g/t over 1 metre,
from Hole 117 in the T1 zone; 7.19 g/t over 10 metres, including 69.5 g/t
over 1 metre, from Hole 115 in the T2A zone; and 1.35 g/t over 9 metres
from Hole 98 in the Ascot-Road zone.
A 2009-2010 geochemical survey suggested there were three large areas
within a 20-kilometre ring similar to Bellechasse-Timmins. Considering this
and his assays, Candido is expansive. “We believe that what we have now
is not just a deposit but an entire belt,” he declares. “Where we’re drilling
represents less than 5% of that belt – it’s probably around 1%. We have a
nuggety deposit. By that, we know for a fact, that no matter what the as-
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