Golden Hope to work on Belle ch as se Ti mm ins without JV

Stockwatch Daily - - MINES & METALS - Mr. Frank Can­dido re­ports

HPQ-SIL­I­CON RE­SOURCES Inc. has de­cided to not pro­ceed with the op­tion agree­ment with Golden Hope Mines Ltd. in re­la­tion to the Bel­lechasse -Tim­mins (B-T) gold deposit lo­cated in St-Ma­gloire in the Beauce re­gion of Que­bec. “Hav­ing 100 per cent of the B-T project back po­ten­tially al­lows us to move for­ward with the orig­i­nal ex­e­cu­tion plan an­nounced on Nov. 26, 2015, and Nov. 2, 2016. Man­age­ment is cur­rently re­view­ing and op­ti­miz-

ing the ex­e­cu­tion plan. Mov­ing for­ward without a part­ner will pro­vide our stake­hold­ers with all the up­side of the project. B-T is only a piece of Golden Hope’s land po­si­tion in the Beauce re­gion of Que­bec. The com­pany be­lieves there may be sev­eral other B-T-style de­posits yet to be iden­ti­fied within the cur­rent land po­si­tion held by the com­pany,” stated Frank Can­dido, pres­i­dent of Golden Hope Mines.

A pre­lim­i­nary eco­nomic as­sess­ment and a fea­si­bil­ity study have not been com­pleted, and there is no cer­tainty the pro­posed op­er­a­tion will be eco­nom­i­cally vi­able or minable.

About Golden Hope Mines Ltd.

Golden Hope Mines is a min­eral ex­plo­ration com­pany that seeks to grow share­holder value through the ac­qui­si­tion, ex­plo­ration and de­vel­op­ment of gold suit­able for un­der­ground and/or open-pit min­ing. The com­pany’s fo­cus is cur­rently in south­east­ern Que­bec, Canada. The Bel­lechasse-Tim­mins gold deposit lies five kilo­me­tres south­east of St-Ma­gloire within the Bel­lechasse belt, an ap­prox­i­mately 18-kilo­me­tre-long min­er­al­ized area.

We seek Safe Har­bor.

Frank Can­dido, Michael Alexan­der Dehn, Roy Millington, Michael T Zurowski

(GNH) Shares: 13,644,338

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.