GOLHF Golden Hope Mines Ltd featured news, full reports, and detailed charts
Golden Hope Mines Ltd (GOLHF/GOLHF.PK) Wrap Up:
Golden Hope Mines Limited, an exploration stage company, engages in the acquisition, exploration, and development of gold, silver, and base metal projects with underground and open-pit mining potential in Canada and the United States. It owns 100% interests in Bellechasse property, including Timmins Gold deposit, North zone, and Champagne sulphide zone in Bellechasse, Panet, and Ware townships. As of December 31, 2007, the company’s property included approximately 1,100 claims of 47,837hectares or 118,205 acres. Golden Hope Mines Limited is headquartered in Toronto, Canada.Golden Hope Mines Ltd (GOLHF:OTC)
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Market Cap
8.6M
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Total Revenue
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EBITDA
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DILUTED EPS TTM
-0.01
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P/E
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P/S
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Return On Asset
-3.09
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Return On Equity
-5.59
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GOLHF Top Compensated Officers
Executives, Board Directors
Key developments for Golden Hope Mines Ltd (GOLHF)
Golden Hope Mines Limited announced the completion of a trenching and bulk sampling program on the T1 and T2 gold-bearing zones of the Bellechasse (Timmins) Gold deposit. A total of seven new trenches were blasted across portions of the T1 and T2 mineralized zones. The 2007 Rico trench was re-sampled as part of the current study. 84 bulk samples ranging from approximately 5 to 15 tonnes each were recovered. The majority of samples represented 2 meter advances across the strike of the mineralization: Several 3 metre samples were collected where field conditions dictated. A mobile crushing and screening plant set up on the property processed each individual bulk sample to 100% passing approximately 380mm. All samples are archived on the property in a prepared area and each sample is marked and mapped to permit re-sampling if required. Five 25kg (approx) sub-samples were collected from each lot for further size reduction to approximately 95% passing 6mm. This product is riffled to yield two 1 kg (approx) cuts for total pulp metallic treatment in a commercial assay laboratory. The first several lots of these samples have already been shipped for analysis. Additional shipments are following on a regular basis.
Golden Hope Mines Limited announced that Geochemical Surveying on its new FSG Area has shown four strong gold and base metals anomalies. Golden Hope Mines had previously announced that it had investigated a large base metal sulphide target (3.5 km) with 8 diamond drill holes in late 2007. The Coucou is a volcanic complex with potential for VMS mineralization. Drilling intersected abundant sulphides but no economic grades of precious or base metals were found. A 2008 regional geophysical study done by Frank Glass, P. Geo, identified a more favourable area about 3 km to the south west of the original target. Activation Laboratories Limited have developed a soil gas hydrocarbon technique that is capable of detecting gold and base metals to depths in excess of 200 meters. The company have employed this method and located four gold and base metal anomalies in the new FSG Area.
Golden Hope Mines Limited has been working towards the completion of a large scale bulk sampling program on its wholly owned Bellechasse (Timmins) Gold Deposit. The Bellechasse (Timmins) Gold Deposit currently consists of the T1 zone, the T2 zone and the Ascot Zone. The bulk sample program is currently underway and it is expected that the company will complete at least 5 trenches and process between 300 and 500 tons of rock. The objective of the bulk sampling program is to determine the average grade of the deposit at surface. Simultaneous to the large scale bulk sampling program, Golden Hope Mines will also begin a large scale Geo Chemical Survey on the extensions of T1, T2, Ascot and the 88 Zone.
GOLHF Competitors
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Industry Analysis
| Valuation | GOLHF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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GOLHF transactions
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Private Placement
October 23, 2009 |
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Private Placement
July 3, 2009 |
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More Recent News About Golden Hope Mines Ltd
More news for GOLHF
Golden Hope Tests for Extensions to Its Bellechasse (Timmins) Gold Deposit
TORONTO, ONTARIO--(Marketwire - 11/10/09) - Golden Hope Mines Limited (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) is pleased to announce that it has completed a collection of soil samples in a program of soil gas hydrocarbon geochemistry designed to test for extensions of the known gold-bearing zones of the Bellechasse (Timmins) Gold deposit located is south-eastern Quebec. The company has used the Activation Laboratories Ltd soil gas hydrocarbon technique in exploration for gold and base metals with encouraging results on other parts of its Bellechasse - Chaudiere property in the Beauce.The surveys cover areas on strike of the known mineralization (T1, T2, and Ascot) and also tests for parallel zones to the north and to the south. The soil gas hydrocarbon technique can detect mineralization to depths in excess of 200 metres below surface through glacial overburden or bedrock, or a combination of both.All of the samples collected have already been shipped to Activation Laboratories Ltd and results are pending. A map outlining the area in which soil samples were taken can be viewed at ...Click here to read the whole Article (external link)
Golden Hope Mines Completes Trenching and Bulk Sampling on Its Bellechasse (Timmins) Gold Deposit
TORONTO, ONTARIO--(Marketwire - 11/05/09) - Golden Hope Mines Limited (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) is pleased to announce the completion of a trenching and bulk sampling program on the T1 and T2 gold-bearing zones of the Bellechasse (Timmins) Gold deposit. A total of seven new trenches were blasted across portions of the T1 and T2 mineralized zones. The 2007 Rico trench was re-sampled as part of the current study. 84 bulk samples ranging from approximately 5 to 15 tonnes each were recovered. The majority of samples represented 2 meter advances across the strike of the mineralization: Several 3 metre samples were collected where field conditions dictated. The trenches can be viewed on the company's web site at www.goldenhopemines.com/UserFiles/BC_min_zones.pdf.A mobile crushing and screening plant set up on the property processed each individual bulk sample to 100% passing approximately 380mm. All samples are archived on the property in a prepared area and eac...Click here to read the whole Article (external link)
Golden Hope Mines Confirms New Target for Gold and Base Metals
TORONTO, ONTARIO--(Marketwire - 10/28/09) - Golden Hope Mines (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) is pleased to announce that Geochemical Surveying on its new FSG Area has shown four strong gold and base metals anomalies. Golden Hope Mines had previously announced that it had investigated a large base metal sulphide target (3.5 km) with 8 diamond drill holes in late 2007. The Coucou is a volcanic complex with potential for VMS mineralization. Drilling intersected abundant sulphides but no economic grades of precious or base metals were found. A 2008 regional geophysical study done by Frank Glass, P. Geo, identified a more favourable area about 3 km to the south west of the original target.Activation Laboratories Limited have developed a soil gas hydrocarbon technique that is capable of detecting gold and base metals to depths in excess of 200 meters. The company have employed this method and located four gold and base metal anomalies in the new FSG Area.The results are extremely encouraging and copies of the reports are posted on our web sites home page at ...Click here to read the whole Article (external link)
Golden Hope Mines Ltd.: Bulk Sampling Program Underway on the Bellechasse (Timmins) Gold Deposit to Determine Average Grade
TORONTO, ONTARIO--(Marketwire - 09/30/09) - GOLDEN HOPE MINES LIMITED. (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) - Golden Hope Mines Ltd. is pleased to announce that it has been working towards the completion of a large scale bulk sampling program on its wholly owned Bellechasse (Timmins) Gold Deposit. The Bellechasse (Timmins) Gold Deposit currently consists of the T1 zone, the T2 zone and the Ascot Zone.The bulk sample program is currently underway and it is expected that the company will complete at least 5 trenches and process between 300 and 500 tons of rock. The objective of the bulk sampling program is to determine the average grade of the deposit at surface. The Bellechasse (Timmins) Deposit is a nuggety deposit therefore the diamond drill programs of the past were yielding values that we believe underestimate the true average grade.In 2007, the company completed a large trench (38 meters) on the T1 zone and the results yielded an average grade of approximately 3.8 g/t, almost doubling the average grade of 2.0 g/t indicated by diamond drilling.Through the current extensive bulk sampling program, Golden Hope Mines expects to process enough material to allow the company to determin...Click here to read the whole Article (external link)
Golden Hope Mines Limited: Corporate Update
TORONTO, ONTARIO--(Marketwire - 08/26/09) - GOLDEN HOPE MINES LIMITED (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) - Golden Hope Mines Limited is announcing that effective immediately, Mr. Frank Candido will act as Interim President replacing Mr. Louis Hoel. Mr. Hoel will continue to be a Director. We thank Mr. Hoel for his service and wish him success in his future endeavours.About Golden Hope Mines Ltd.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, silver and base metal projects suitable for underground and/or open-pit mining. The company's focus is in Quebec, Canada. The Bellechasse gold project in Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the Coucou volcanic target and a number of newly claimed ultra basic/serpentine geological environments. For further information on Golden Hope Mines, please visit www.goldenhopemines.com.Forwar...Click here to read the whole Article (external link)
Golden Hope Mines Limited: Exploration Program Update Timmins Gold Deposit
TORONTO, ONTARIO--(Marketwire - 08/10/09) - GOLDEN HOPE MINES LIMITED. (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News): Golden Hope Mines is pleased to announce the start of a bulk sampling program on its Timmins Gold Deposit in Southeastern Quebec. Trenching is under way along the strike of the Timmins 2A and 2B mineralized zones confirmed by diamond drilling in 2007 and 2008.Excavation of the overburden has exposed a complex of sub-vertical and sub-horizontal quartz veins that support the interpretations based on diamond drilling results.The current work is designed to expose the T2 zones to allow bulk sampling.Diamond drill results from previous programs confirmed mineralization of potential economic interest within the T2 zones.� Result highlights include: 2008 programme: (see press release January 29th, 2009) Hole no. From (m) To (m) Length (m) Grade Au (g/t) BD2008-92 132.0 140.0 8.00 3.477 BD2008-86 41 45 4 3.418 BD2008-88 46.0 50.0 4.000 2.317 2007 programme: (see press release December 3rd 2007) Hole no. ...Click here to read the whole Article (external link)
Golden Hope Mines Limited: Corporate Update
TORONTO, ONTARIO--(Marketwire - 08/07/09) - GOLDEN HOPE MINES LIMITED (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News): Golden Hope Mines Limited has been notified that Mr. Peter H. Smith and Mr. Claude Dubuc have stepped down from the Board of Directors. Mr. Smith has resigned from the Board of the company due to his increased responsibilities and commitments with the other companies and boards that he serves on.Mr. Dubuc has resigned from the Board of the Company due to health related issues.Both Mr. Smith and Mr. Dubuc have been long serving members of the Board and the Board wishes to thank them for their valuable service and wishes them both continued success in their future endeavors. Mr. Smith will remain available to advise the Company's management team and Board of Directors.The management team of Golden Hope Mines is actively looking for qualified professionals to be elected to the Board and participate in the execution of our growth plan in the Bellechasse - Chaudiere region of south-eastern Quebec.About Golden Hope Mines Ltd.Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and developme...Click here to read the whole Article (external link)
Golden Hope Mines Limited: Exploration Program Update
TORONTO, ONTARIO--(Marketwire - 08/06/09) - GOLDEN HOPE MINES LIMITED. (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) - Golden Hope Mines is in the middle of an extensive work program on its approximately 100,000 acres of mining claims in the Bellechasse - Chaudiere area of Southeastern Quebec. The work is focused on identifying potential targets for test drilling later this year. The claim groups extend for almost 100 kilometers on, and adjacent to the Baie Verte Brompton fault.A soil sampling program is being completed over a grid 1.4 by 1.1 km to explore for gold - base-metals targets. The geochemical sampling will test an area where a previous airborne geophysical survey identified a discrete magnetic anomaly at the contact between the St. Daniel Melange and the underlying Caldwell Formation.Two short linear features interpreted from airborne geophysics bound the magnetic anomaly. The linear features are oriented at a high angle to stratigraphy and cross-cut the upper sediments and volcanics of the Caldwell Formation and may reflect subseafloor hydrothermal vents. Nearby and along one of the linear trends bedrock samples containing anomalous Au, Cu, Zn Pb values were obtained previously.T...Click here to read the whole Article (external link)
Golden Hope Releases Progress Report on Timmins Gold Deposit
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Golden Hope Releases Progress Report on Timmins Gold Deposit
TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Golden Hope Mines Limited (TSX VENTURE:GNH - News; PINK SHEETS:GOLHF - News) is pleased to release its progress report on the Timmins Gold Deposit. The Report provides the first detailed summary of geology and exploration on the deposit, located in Southeastern Quebec, Canada. The Report is available on the Company's website at www.goldenhopemines.com.This report further demonstrates the great potential of the deposit. There has been considerable progress since the 2006-2007 change of management at Golden Hope Mines.- 2006: Golden Hope Mines completed a down the hole hammer drill program demonstrating clots or nuggety nature of the mineralization requires + 50kg samples to adequately test the grade estimator for the Timmins mineralization,- 2007: Golden Hope Mines completed an airborne survey over 2 claim blocks, the Timmins area and the Lac Etchemin area, a diamond drill program defining the edge of the Timmins 1 mineralized intrusive using oriented diamond drill core and exposed significant widths of the Timmins 2 mineralized intrusive by trenching,- 2008: Golden Hope Mines completed a diamond drill programme over the T...Click here to read the whole Article (external link)
