1,500-metre drill program underway to test gold-bearing green carbonates at Golden Harp’s MC Zone

1,500-metre drill program underway to test gold-bearing green carbonates at Golden Harp’s MC Zone

August 12, 2008 Filed Under: Diamond Mining, Precious Metal  

Golden Harp Resources Inc. announced that a 1,500-metre (approx. 4,500 feet) diamond drill program is underway to continue testing the significant gold potential at the Company’s new MC Zone. The objective is to evaluate the extent of the gold mineralization along strike and at depth proximal to Golden Harp’s first two discovery holes GH-023 & GH-025 (See NR June 10, 2008 for further details). Both drill holes returned broad zones of gold mineralization. Highlights include: GH-025 which intersected 1.02 g/t Au over 43.75 metres including intervals of 1.67 g/t Au over 16 metres and 2.25 g/t Au over 10 metres; and similarly, GH-023, located 40 metres south of GH-025, which intersected 1.17 g/t Au over 12.93 metres and 0.73 g/t Au over 28.28 metres.

Holes GH-023 and GH-025 demonstrated that the MC Zone is comprised of three distinct gold-bearing volcanic units designated the West Felsic Unit, the Green Carbonate (GC) Unit and East Felsic Unit. The gold-bearing zones are associated with varying amounts of pyrite and quartz within a distinct stratagraphic package.

The green carbonate-altered or fuchsitic ultramafics hosting the gold mineralization on the MC Zone are important as this geological unit has been responsible for hosting significant gold production from various mines to the east of GHR’s property along the Cadillac Larder Lake Break, including the prolific Kerr-Addison mine.

The main induced polarization (IP) geophysical anomaly associated with the MC Zone is approximately 150 metres wide by 400 metres long, and is coincident with a gold occurrence in Trench 2 (T2) which assayed 1.17 g/t Au over 25 metres. Further, there are a series of parallel IP anomalies to the east of the main IP anomaly that have not been evaluated. Both the northern extension of the main IP anomaly and the known parallel IP anomalies have documented gold occurrences in surface trenches that have not been drill tested. Trench 5 (T5) on the northern extension returned 0.32 g/t Au over 50 metres, including an interval grading 0.63 g/t Au over 10 metres. Trench 3 (T3), which is located on a parallel IP anomaly, assayed 1.28 g/t Au over 17 metres.

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 building strategic partnerships to maximize the discovery potential of its substantial land holdings. For further information, please visit www.goldenharpresources.com.

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