Golden Hope Mines

Golden Hope Mines Limited is a junior mining company trading on the TSX Venture Exchange under the symbol GNH and on the Pink Sheets in the U.S. under the symbol GOLHF.

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Re: To the Hoov

Golden Hope Mines

over 12 years ago

in response to hoov's message

"And, although I would usually go with the cut grade resource, as this is such a supremely nuggetty deposit, I'm inclined to look to the uncut resource as being more valid."

In truth, Lar, the real figure would likely be somewhere in between. However, it would still require a bit of fudging to come up with 350k oz. With 200 holes drilled over 2 years to get that number, it just isn't going to cut it. You need at least a mill oz to make an economic resource, and IF financing could be raised in today's market, it still means another 400 holes at the present rate to get there.

Remember the heydays, when 6 mill oz were openly discussed on this forum? We're about 5 percent of the way there.

Best regards