Golden Hope Mines to Move Bellechasse - Timmins Property Forward Without Partner TSX Venture: Gnh
GOLDEN HOPE MINES TO MOVE BELLECHASSE - TIMMINS
PROPERTY FORWARD WITHOUT PARTNER
TSX VENTURE: GNH OTC: GOLHF Frankfurt: 6G01
Mississauga, Ontario July 1 7 , 2017 Golden Hope Mines Limited (“Golden Hope” or “the
Company”) is pleased to announce HPQ Silic on Resources Inc. (“HPQ”) has decided to not
proceed with the option agreement in relation to the Bellechasse - Timmins (“B - T”) gold deposit
located in St - Magloire in the Beauce region of Quebec. “ Having 100% of the B - T project back
potentially allows us to move forward with the original execution plan announced on November
26, 2015, and November 2, 2016. Management is currently reviewing and optimising 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”, states Frank Cand ido,
President, Golden Hope Mines Limited.
A Preliminary Economic Asse s sment and a Feasibility Study has not been completed and there
is no certainty the proposed operation will be economically viable or mineable.
About Golden Hope:
Golden Hope Mines Limit ed 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
Bell echasse - Timmins gold deposit lies 5 kilometres southeast of St - Magloire within the
Bellechasse Belt, an approximately 18 kilometre long mineralized area. For further information
on Golden Hope Mines Limited please visit www.goldenhopemines.com .
Statements Regarding Forward - Looking Information:
Information set forth in this news release by Golden Hope Mines Limited may contain forward -
looking information within the meaning of Canadian securities laws. Forward - looking information
includes statements that rel ate to future, not past, events. In this context, forward - looking
information often addresses the Company's expected future business and financial
performance, and often contains words such as "anticipate", "believe", "plan", "estimate",
"expect" and "inte nd", statements that an action or event "may", "might", "could", "should" or
"will" be taken or occur, or other similar expressions (including negative and grammatical
variations). Such information includes plans, timing and expectations for updates of the
Company's resource estimate; expectations regarding the Company's planned exploration
activities and budget; the timing for receipt of drilling and assay results; and plans for further
exploration and drilling at Bellechasse - Timmins and Champagne/VMS and other targets along
the Bellechasse Belt. Specifically relating to possible mining of the Bellechasse - Timmins gold
deposit, the Company must obtain specific permits beyond the Certificate of Authorization; may
complete additional exploration and developmen t work; and obtain appropriate financing before
mining may begin. By their nature, forward - looking information involves known and unknown
risks, uncertainties and other factors which may cause the Company's actual results,
performance or achievements, or o ther future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward - looking
information. Such factors include, among others, the following risks: the risks associated with
any outstanding litigation; risks associated with exploration activities and project development;
timing of and unexpected events regarding the receipt and interpretation of drilling and assay
results; delays in the preparation of resource estimate updates; the need for additional
financing; operational risks associated with mineral exploration; fluctuations in gold and other
commodity prices; title matters; technical and permitting issues; environmental liability claims;
insurance matters; reliance on key personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the absence of dividends;
competition; dilution; the volatility of our common share price and volume; the impact of
taxation; and general econom ic conditions. Forward - looking information is based on
management's beliefs, estimates and opinions on the date hereof and the Company undertakes
no obligation to update any forward - looking information if these beliefs, estimates and opinions
or other circ umstances should change. Investors are cautioned against attributing undue
certainty to forward - looking information.
Any historical mineral quantities set forth herein are, unless otherwise indicated, are not
compliant with National Instrument 43 - 101.
Go lden Hope Mines Limited
www.goldenhopemines.com
Frank Candido, President, Director
Tel: 514 - 969 - 5530
Michael Dehn, Director
Te l: 647 - 477 - 2382