Golden Hope Contracts WSP to Complete Permitting for Bellechasse-Timmins Gold Project
Toronto, ON / TheNewswire / November 2, 2016 - Golden Hope Mines Ltd. ("Golden Hope" or the "Company") is pleased to announce that it has signed a contract with WSP Canada Inc. ("WSP") to complete an environmental and mining permit on the Company's 100% owned Bellechasse-Timmins Gold Project (the "Project") in southeastern Quebec. Work performed by WSP will include, but is not limited to obtaining the Mining Lease, completion of a Rehabilitation Plan, and the Certificate of Authorization for Construction and Operation.
The planned timeline for completion is 19 months from the start of work on the contract. The company intends to bring on additional consultants to help facilitate work including geological, planning, metallurgy and scheduling.
One of WSP's predecessor companies, GENIVAR Inc, had previously completed environmental work on the property in 2011. Frank Candido states "we are pleased to be working with WSP and feel confident that they can deliver the required documentation to allow Golden Hope to put the BT property into production on time and on budget."
Going forward, the Company and WSP will be working closely on several key tasks including, but not limited to: project management, mining lease, rehabilitation plan, environmental studies and permits. Much of the preparatory work will be completed between now and the end of January 2018, with the majority of the work to be completed in 2018.
"Having had recent previous positive experiences with the team at WSP delivering projects on time and on schedule, it gives me a great deal of comfort knowing that they have the ability, enthusiasm and experience to be able to complete the planned work on the Project" states Company Director Michael Dehn.
"WSP is confident that our expertise and current knowledge of the Bellechasse -Timmins site along with our experience will facilitate the environmental and permitting process for Golden Hope. We are looking forward to working with Golden Hope's dynamic management team to successfully bring this project into operation" states Craig Wood WSP's National Mining Environment Director.
About WSP:
As one of the world's leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. WSP also offers highly specialized services in project delivery and strategic consulting. Its experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 36,500 people in 500 offices across 40 countries, WSP is well positioned to deliver successful and sustainable projects under its WSP and WSP | Parsons Brinckerhoff brands. www.wsp-pb.com..
About Golden Hope:
Golden Hope Mines Ltd. 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 5 kilometres southeast of St-Magloire within the Bellechasse Belt, an approximately 18 kilometre long mineralized area. For further information on Golden Hope Mines Ltd. please visit www.goldenhopemines.com.
Statements Regarding Forward-Looking Information:
Information set forth in this news release by Golden Hope Mines Ltd. 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, are not compliant with National Instrument 43-101.
www.goldenhopemines.com
Frank Candido, President, Director
Tel: 514-969-5530
fcandido@goldenhopemines.com
Morgan Good, VP Business Development
Tel: 604-715-4751
mgood@goldenhopemines.com
Michael Dehn, Director
Tel: 647-477-2382
mdehn@goldenhopemines.com
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