This is the second New Hope Cemetery I have found in Limestone County. There is a smaller private one just north of Mexia. This one is nicer, more well maintained and still in use. I was surprised there was no cache here.
There is no historical marker here so I did a little research and found this info from the Handbook of Texas online:
NEW HOPE, TEXAS (Limestone County). New Hope is on Farm Road 1512 twenty-two miles southeast of Mexia in the southeastern corner of Limestone County. In the mid-1890s the school at New Hope had forty-three students. The Trinity and Brazos Valley Railway bypassed New Hope by two miles in 1906, limiting the community's chances for growth. A church and a few scattered houses marked New Hope on the county highway map in the late 1940s; only the church and a cemetery appeared on maps of the area in the 1980s.
You will be looking for a camo'd preform soda tube behind a tree on the edge of the cemetery with a fence going through it.
UPDATE: I have been informed the magnet seperated from the container so you may have to expand your search to find it. Please do not consider the magnets the cache and log it as found if you didnt sign the log. Thank you.
I hope you enjoy this geocache!