Golden Opportunity Resources Signs Option to Purchase Agreement for Detour Lake Property
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DISSEMINATION IN THE UNITED STATES
GOLDEN OPPORTUNITY RESOURCES CORP.
Suite 830 – 1100 Melville Street
Vancouver, British Columbia V6E 4A6
Golden Opportunity Resources Signs Option to Purchase Agreement for Detour Lake
Property.
Vancouver, British Columbia, February 3, 2020: Golden Opportunity Resources Corp. (the
"Company" or "Golden Opportunity") (CSE: GOOP) is pleased to announce that it has signed an
Option to Purchase Agreement with Northbound Capital Corp. and 1544230 Ontario Inc. for certain
mineral property claims in the Detour Lake District, Ontario, Canada.
Key Take Aways:
• Located in the Detour Greenstone Belt, host to the Detour Gold Mine Complex, the Fenlon
Gold Project recently discovered by Wallbridge Mining, the Balmoral Resources Ni -Cu
Discovery, the past and current producing Casa Berardi Mine and the past producing Selbaie
VMS Mine
• Only Detour Gold and Aurelius Minerals have any significant land holdings in the area and
the Northbound Capital claim block is contiguous to both
• Claim block hosted within a postulated gabbroic intrusive which makes an excellent host
for gold mineralization
• Proximal to the Zone 58N Gold Deposit and the Lipton Gold Zone
Golden Opportunity cautions investors mineralization on the above mentioned properties is not
necessarily indicative of similar mineralization on the Northbound claim block.
Zone 58N Source: Detour Gold Corporation News Release dated 2018-Jul-25; Detour Gold Mine Complex Source
Kirkland Lake Gold Ltd. CIBC Western Institutional Investor Conference Presentation January 29-31, 2020; Lipton
Source: Mineral Deposit Inventory for Ontario MDI000000000800 Lipton Lake
Keith Anderson, chief executive officer, commented: “We are very excited to be entering into this
option agreement with Northbound Capital. Not only are we optioning a property in the Abitibi
Greenstone Belt precious metals, we’re surrounded by significant discoveries.” He added “We are
planning to implement an aggressive exploration program in the coming months. With the price of
gold and other precious metals heading higher, our timing couldn’t be any better.”
About the transaction
The Company has agreed to pay $20,000 and issue 1,500,000 shares on signing and has further
agreed to issue 1,500,000 shares, pay $75,00 0 cash and incur an aggregate of $650,000 in
Exploration Expenditures over the next three years to earn a 100% interest in the Property. The
Company has the option to purchase a 2% NSR for $1,000,000
About Golden Opportunity Resources Corp.
Golden Opportunity is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada. Its objective is to locate and develop economic precious and base metal
properties of merit.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry,
P.Geo. (BC) a Qualified Person under NI43-101 and a Director of Golden Opportunity.
On Behalf of the Board of Directors
Keith Anderson
Chief Executive Officer, Director
For further information, please contact:
Keith Anderson
Chief Executive Officer, Director
(604) 786-7774
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation, statements regarding future capital
expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's
projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or
reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future
activities of the Company, are forward-looking statements. Although the Company believes that such statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward
looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such
words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could,
would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of the Company to
differ materially from any future results, performance or achievements expressed or implied by the forward-looking
statements. Such risks and other factors include, among others, statements as to the anticipated business plans and
timing of future activities of the Company, including the Company's option to acquire the Maple Bay Project, the
proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund
its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian
Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the
Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities,
as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated August 30, 2019
and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the
Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein,
except as otherwise required by law.