Golden Hope Mines Limited announced the results from the 2012 drill campaign on the Bellechasse-Timmins Gold Deposit in southeastern Quebec. The drill holes confirm and improve the confidence of its resource and further extend mineralised zones (88 Zones) at surface. Of the 21 holes drilled in the fall 2012 drill campaign, eleven were drilled in the Bellechasse-Timmins gold deposit and ten on other targets on the Bellechasse-Timmins claims block which are still pending.

Drilling on the Bellechasse-Timmins gold deposit area aimed at improving confidence in the resource model to better define the mineralized structures and to extend the 88 zones to the east close to surface. Holes BD2012-137d and BD2012-154d were extensions of the existing holes, BD2012-195 was a new hole, while holes BD2012-196 through 200 were all near surface holes drilled to extend the 88 zones. Holes BD2012-137d and 154d both cut mineralized diorites and improved confidence in the resource estimate.

Hole BD2012-137d confirmed the previously interpreted mineralized zone with a horizontal true width of 14 meters. Hole BD2012-154d tested the extension of the Ascot mineralization down to 305 meters depth. Hole BD2012-195 was drilled two sections to the northwest of the magic core in hole BD2011-167 which yielded 6140 g/t gold over 1 meter.

The hole confirmed the mineralized envelope and tested the lateral extent of the jewellery zone of the 167 holes (BD2011-167, BD2011-167a and BD2012-167b). The 90 meter long interval grading 0.59g/t Au confirming the presence of the mineralized envelope. Its steep and somewhat oblique drilling angle explains the 90 meter long interval; on section and it matches the 55 meter intervals of the 167 holes.

The high grade, 144g/t Au, result from 336 to 337 meters is interpreted as the lateral extension of the original magic core of BD2011-167. BD2012-196, 197, 198, 199 and 200 were drilled at the eastern extension of the 88 Zones at shallow depths to extend its mineralized surface to the east and to depth. BD2012-196 and 197 intersected the mineralized envelope below BD2012-188 and 193 respectively.

Holes BD2012-198 and 199 were drilled on section 70 metres away and encountered the mineralized envelope that extended the 88 Zones eastward. The drill was then moved south along the same section and hole BD2012-200 intersected the same envelope down dip. Holes BD2012-201, 202 and 203 were drilled 500 meters southwest of the Bellechasse-Timmins gold deposit to test targets however there were no significant results.