Golden Harp intersects 1.45 g/t gold over 8.8 m, including 5.05 g/t gold over 1 m at Golden Sylvia
November 20th, 2008 - Posted in Copper, Gold, Gold Mining CompaniesGolden Harp Resources Inc. announced partial results from the Company’s recent diamond drill program (6 holes, 1623.4 metres) at the Copper Hill gold and base metal property in Northern Ontario. Two holes (158.9 metres) were drilled on the Golden Sylvia (GS) Zone - Results are included below. Four holes (1464.5 metres) were completed on or proximal to the Company’s new MC Zone; numerous results from those holes are still pending from the assay lab.
The GS Zone, is a gold-bearing iron formation-hosted, near surface bulk tonnage target. The iron formation has been projected over 20 km of strike across the property. Hole GHGS-031 was drilled on the main gold occurrence and the second hole GH-07 was drilled along the strike extension of the main occurrence, approximately 5.6 km to the northwest.
Hole GHGS-031 returned 1.45 g/t gold over 8.80 metres including an intercept of 5.05 g/t gold over 1 metre. Hole GHGS-031 was drilled within a metre (twinned) of historical hole GS-30, on the main GS Zone. The purpose of this hole was to obtain an un-oxidized section of fresh drill core for future metallurgical testing of the gold-bearing iron formation and also to evaluate a series of new drill bits on the abrasive cherty iron formation host.
Hole GS-07 collared in iron formation approximately 5.6 km NW of the main GS Zone. This hole gave drillers a second opportunity to test drill bit performance and provided an opportunity for the Company to evaluate the iron formation along strike. GH-07 was drilled in the vicinity of a strong induced polarization anomaly detected during the recently completed geophysical survey. The geology intersected in Hole GS-07 was virtually identical to that found in GHGS-031; however, GH-07 did not return any gold values of significant interest. However, the hole did confirm the extensive strike extent of the favorable host horizon.
As a result of this testing, an enhanced drill bit was identified for use in future drill programs on the iron formation. In addition, the Company confirmed the strike extent of the favourable host horizon and obtained fresh drill core for metallurgical testing on the GS Zone. Golden Harp Resources would like to thank Marcel La Freniere of Landdrill International Inc. for the gratis drilling of these two holes and the performance testing of numerous diamond drill bits.
Further, during the course of the 2008 exploration season, a large-scale geophysical program consisting of both magnetic and induced polarization surveying was completed over approximately 10 km of strike on both the projected strike extension of the Golden Sylvia gold target and the Copper Hill base metal target. This geophysical survey successfully outlined a series of high priority drill targets related to both the aforementioned targets for future exploration. In addition, the surveys mapped out broad target areas of interest where mobile metal ion (MMI) soil geochemical surveying can be implemented to prioritize the most prospective portions of the iron formation and Copper Hill Zone for both gold and base metal exploration. Golden Harp has had consistent success using MMI on the Copper Hill Project. This technique combined with geophysics and ground prospecting efforts has generated significant new gold targets of interest.
Golden Harp Resources Inc. is a Canadian mineral exploration company. The Company’s 100%-owned, 145 square kilometre, Copper Hill gold and base metal project is located 100 kilometres south of Timmins, along Highway 560 between Shining Tree and Gowganda, Northern Ontario. The extensive property, situated along the projected western extension of the Cadillac Larder Lake Break, in the Abitibi Greenstone Belt, hosts several gold zones in a variety of geological settings; a copper zone; and large portions of the property remain to be evaluated.
The Company’s strategy is to provide its shareholders with value growth opportunities through the exploration and discovery of new mineral deposits and by seeking strategic joint venture partnerships to maximize the discovery potential of its substantial land holdings. The Company has adequate capital to meet its administrative requirements and planned exploration programs for fiscal 2009. In addition, the extensive exploration and drilling programs completed during the year have generated significant assessment credits to keep the Company’s mining claims in good standing through 2009. For further information please visit www.goldenharpresources.com