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Golden Harp re-evaluates North Foley Lake area and Houston Lake area at Copper Hill project and identifies new gold targets
Golden Harp re-evaluates North Foley Lake area and Houston Lake area at Copper Hill project and i...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nSep. 17, 2009 (Canada NewsWire Group) -- VANCOUVER, Sept. 17 /CNW/ -- Golden Harp Resources Inc. (GHR:TSXV) today announced that it has completed prospecting work and identified new gold targets on portions of its Copper Hill Property, located approximately 100 km due south of Timmins, Ontario. The focus of this work was to evaluate a number of high priority geophysical anomalies along strike and/or proximal to both the Golden Sylvia gold zone and Copper Hill base metal occurrence. The work was conducted on its holdings that are 100% controlled by Golden Harp, outside the Block A ground which is subject to the option agreement with Benton Resources Corp.Approximately twelve areas of interest associated with induced polarization (IP) targets and/or magnetic anomalies were examined. On the west shore of North Foley Lake a strongly sheared and heavily carbonate altered quartz eye porphyritic intrusive was identified on the south side of a strong IP anomaly covered by low lying ground. The North Foley IP target appears to be related to a historical drill hole (CH05-14) under North Foley Lake a short distance east of the Golden Harp IP zone. Hole CH05-14 ended prematurely in disseminated sulphide mineralization hosted within altered leucoxene mafics marking the start of a new gold zone. Historical assays near the end of this hole returned 1.1 g/t gold over 1.4 metres from 347.1 to 348.5 metres, and the last metre of the hole assayed 1.35 g/t gold from 350 to 351 metres. At this time there is a distinct possibility that the IP target adjacent to the porphyry intrusive is representative of the strike extension of the new gold zone found at the bottom of CH05-14. Further drilling is required to fully evaluate this priority target.In addition, sulphide zones with limited exposure were noted on two of the priority geophysical target areas and these zones returned anomalous gold values. Drilling is warranted to definitively evaluate these targets.Further, Golden Harp has been monitoring the work conducted by Benton Resources on the Block A option ground. The MC and Cook gold zones which are the current focus of Benton's programs are known to be spatially associated with a package of ultramafic volcanics with disseminated sulphide mineralization. Compilation work conducted by Golden Harp has shown that approximately 3.2 km of prospe...