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GOLDEN HARP REPORTS ANNOUNCES DRILL RESULTS FROM PHASE 3 DRILL PROGRAM
Vancouver -- Wednesday, May 12, 2010 -- Golden Harp Resources Inc. (GHR:TSXV) today announced that it has been advised by Benton Resources Corp. that it has announced the results from the third phase drill program at Copper Hill.
Benton Resources Corp. issued a press release today - the verbatim text is included below:
Benton Announces Drill Results from Golden Harp Option
Thunder Bay, Ontario: Benton Resources Corp ("Benton" or "the Company") is pleased to announce the results from the third phase drill program on the Golden Harp Option. The 12 hole, 2,852 meter drill program consisted of a series of stratigraphic fences designed to test a wide area of low grade gold mineralization and alteration associated with the MC and Crocker zones. This altered and mineralized stratigraphy is over 300 meters in width and is bounded by two north-northwest faults splaying off of the Hydro Creek fault. Previous drilling by Golden Harp Resources (GH drill holes) and by Benton (GH09 drill holes) have intersected significant intervals of gold mineralization including 0.90 gpt Au over 43.8 meters (GH-25), 0.62 gpt Au over 28.3 meters (GH-23), 4.5 gpt Au over 7.0 meters and 0.68 gpt Au over 20.5 meters (GH-19) and 0.43 gpt Au over 56 meters (GH09-22). The company continues to be encouraged by this large gold bearing system which is open in all directions. The drilling program was cut short due to the spring breakup. Future drilling anticipated further on this year will also focus on the Cook Zone. Last year Benton completed two drill programs that returned 5.03 gpt over 8.5m in GH09-01, 11.9 gpt Au over 5.5m in GH09-02 and 21.41 gpt Au over 3.0m in GH09-06.
The Golden Harp Block A property is located approximately 100 km south of Timmins and 87 km southwest of Kirkland Lake, Ontario. Benton is currently in the midst of earning up to a 70% interest in the property from Golden Harp Resources Inc. Numerous other zones also discovered by last falls prospecting program will also be subject to further ground follow up this summer prior to drill target selection. Results from the currently completed MC Zone drill program are as follows:
| DDH |
FROM (m) |
TO (m) |
CORE LENGTH (m) |
GRADE (gpt Au) |
| GH10-24 |
50.0 |
123.5 |
73.5 |
0.28 |
| incl. |
62.0 |
90.0 |
28.0 |
0.60 |
| incl. |
80.0 |
90.0 |
10.0 |
1.15 |
| incl. |
82.0 |
84.0 |
2.0 |
2.85 |
| GH10-25 |
no significant results |
| GH10-26 |
234.5 |
237.5 |
3.0 |
0.59 |
| GH10-27 |
146.0 |
171.5 |
25.5 |
0.21 |
| incl. |
162.5 |
171.5 |
9.0 |
0.43 |
| GH10-28 |
141.5 |
191.0 |
49.5 |
0.42 |
| incl. |
168.5 |
191.0 |
22.5 |
0.86 |
| incl. |
168.5 |
177.5 |
9.0 |
1.56 |
| incl. |
168.5 |
171.5 |
3.0 |
4.46 |
| GH10-29 |
29.0 |
45.5 |
16.5 |
0.42 |
| incl. |
39.5 |
45.5 |
6.0 |
1.15 |
| and |
216.5 |
236.0 |
19.5 |
0.30 |
| incl. |
231.5 |
236.0 |
4.5 |
0.76 |
| GH10-30 |
no significant results |
| GH10-31 |
5.4 |
334.0 |
328.6 |
0.19 |
| incl. |
59.0 |
69.0 |
10.0 |
0.36 |
| and |
99.0 |
114.0 |
15.0 |
0.34 |
| and |
241.0 |
331.0 |
90.0 |
0.32 |
| incl. |
265.0 |
274.0 |
9.0 |
0.62 |
| incl. |
265.0 |
268.0 |
3.0 |
1.31 |
| and |
308.0 |
331.0 |
23.0 |
0.43 |
| GH10-32 |
3.8 |
119.0 |
115.2 |
0.23 |
| incl. |
30.5 |
48.5 |
18.0 |
1.04 |
| incl. |
33.5 |
36.5 |
3.0 |
4.46 |
| GH10-33 |
87.5 |
215.5 |
128.0 |
0.20 |
| incl. |
87.5 |
126.5 |
39.0 |
0.43 |
| incl. |
87.5 |
98.0 |
10.5 |
0.91 |
| incl. |
93.5 |
98.0 |
4.5 |
1.40 |
| GH10-34 |
74.0 |
222.5 |
148.5 |
0.22 |
| incl. |
125.0 |
129.5 |
4.5 |
0.82 |
| and |
170.0 |
179.0 |
9.0 |
0.88 |
| and |
215.0 |
225.0 |
7.5 |
0.98 |
| GH10-35 |
21.5 |
101.0 |
79.5 |
0.23 |
| incl. |
24.5 |
29.0 |
4.5 |
0.82 |
| and |
60.5 |
81.5 |
21.0 |
0.36 |
Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The company currently has approximately $12 million in cash, owns 34 million shares and 16 million warrant in Coro Mining Corp (TSX.COP), holds 1.6 million shares in Marathon PGM Corp (TSX.MAR), holds 1.6 million shares in Puget Ventures (TSX-V.PVS), holds 825,000 Bell Copper Corp (TSX-V.BCU) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit. The company is also in the process spinning out its 100% Bermuda property to it share holders into a new company to be named Coldwell Copper Corp.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
About Golden Harp
Golden Harp Resources Inc. is a Canadian mineral exploration company. Its 145 square km, 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 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. Golden Harp recently optioned a portion of its claim units (the Block A Property) to Benton Resources Corp. who have been actively working the property. The Block A option covers 351 of Golden Harp's 855 claim units in the northeastern portion of the Copper Hill project. Benton may earn up to a 70% interest in the Block A by spending $3 million in exploration and issuing cash and shares to Golden Harp (see NR March 12, 2009 for details). Golden Harp will continue to explore and advance the significant gold and copper targets situated in its 504 claim units, which are contiguous to those in the Block A option.
For further information about Golden Harp Resources Inc., please visit www.goldenharpresources.com or contact:
Seamus Young, President and CEO
Tel: 604-688-4277
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.
The information contained in the press release is a verbatim extract of the press release issued by Benton Resources Corp. Although Golden Harp believes the information included in the press release to be generally reliable, the data has not been independently verified and Golden Harp does not assume any liability for the accuracy or completeness of such information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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You can view the Previous News item: Thu Mar 18, 2010, Golden Harp Report Start of Phase 3 Drill Program by Benton on Block A Option
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