TSX VENTURE: GNH
Pink Sheets: GOLHF
MONTREAL,
Sept. 30, 2013 /CNW/ - Golden Hope
Mines Limited (TSX VENTURE: GNH)(Pink Sheets: GOLHF) - Golden
Hope Mines Limited ("the Company") is pleased to announce that it
has engaged Roche Ltd., Consulting Group ("Roche") of Quebec City to begin the environmental
permitting process for the Bellechasse-Timmins Gold Deposit in
southeastern Quebec.
Roche's mandate will be to obtain all the permits, notably a
Certificate of Authorization from the Minister of Sustainable
Development, Environment, Wildlife and Parks, enabling Golden Hope to proceed with a mining operation
of 200-500 tons per day at the Bellechasse-Timmins Gold
Deposit.
Institut National de la Recherche Scientific (INRS)
partnering with Golden Hope for deep
geophysical work
The INRS has contacted Golden
Hope and demonstrated an interest in working with the
Company on testing and developing its new deep geophysics
technology on the Bellechasse Belt.
As part of the evaluation of the Champagne VMS deposit, the
Company believes it would be interesting to investigate the
presence of conductors related to massive sulphide lenses with high
power geophysics. It would thus be possible to assess and precisely
define some electro magnetic (EM) anomalies detected in previous
VTEM surveys.
In the context of Appalachian exploration (volcano-sedimentary),
it is essential to evaluated spectral inverse polarity (IP) methods
such as electrical resistivity complex to classify and discriminate
anomalies related to clay sources, graphitic or sulphidic. IP
anomalies are often related to graphitic and clay sources which has
complicated drilling campaigns and increased exploration costs for
the Company in the past.
In the case of prospecting the Bellechasse Gold deposit these
methods are also highly relevant.
Options Granted to Larry
Hoover
Larry Hoover joined the Board of
Directors at the Company's Annual General and Special Meeting of
the Shareholders on June
20th 2013. Consequently, the Board has granted
incentive stock options to Mr. Hoover to purchase 300,000 common
shares of Golden Hope at a price of
$0.07 per share for a period of five
years ending September 27, 2018.
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 relate 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 "intend", 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 development 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 other 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 economic 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 circumstances
should change. Investors are cautioned against attributing undue
certainty to forward-looking information.
Any historical mineral quantities set forth herein are, unless
otherwise indicated, not compliant with National Instrument
43-101.
About Golden Hope Mines Limited:
Golden Hope Mines Limited is a mineral
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of potentially
large-scale gold and base metal projects suitable for underground
and/or open-pit mining. The company's focus is in southeastern
Quebec, Canada. The company's
claim blocks lie within an area that extends approximately 100
kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres
southwest of Beauceville. The
Bellechasse-Timmins gold deposit lies 5 kilometres southeast of
St-Magloire within the Bellechasse
Belt an approximately 18 kilometre long mineralized area. The
Bellechasse-Timmins gold deposit includes the T1, T2A, T2B,
Ascot/Road gold zones, and the 88 Diorite. The company is also
looking to develop the Champagne zone, a partially explored base
metal and gold deposit that lies within the Company's Bellechasse
Belt claims. A recently completed VTEM survey may identify other
similar targets along the horizon. The company is also working to
develop other targets within its claim blocks including the FSG
gold and base metal target, Chute du Bras, the LG showing, Moose
Cliff, and Talon. For further information on Golden Hope Mines
Limited please visit www.goldenhopemines.com.
SOURCE Golden Hope Mines Limited