GNH: TSX Venture
TORONTO, April 19 /PRNewswire/ - Golden Hope Mines Limited (TSXV:GNH)(OTCQX:GOLHF) is pleased to announce that it has retained the services of SGS Canada Inc. - Geostat ("SGS") as an independent consultant to its Bellechasse Gold Project in southeastern Quebec.
SGS will provide Golden Hope with technical assistance with coarse gold sampling and ore body modeling leading to a resource evaluation update by the end of 2011, early 2012.
SGS has over 25 years of experience in providing the mining industry with computer-assisted ore reserve estimation services using mainly geo-statistical techniques. SGS is known globally as the expert in ore body modeling and reserve evaluation. SGS utilizes the disciplines of geology, statistics, and mining engineering to provide its clients with accurate and timely reserve and modeling solutions.
SGS is a pioneer in computer-based ore body modeling and resource estimation, providing these services since 1981. SGS has provided modeling and resource estimation solutions to companies involved in the mining of gold and precious metals, base metals, iron ore, coal, uranium, diamonds and industrial minerals.
SGS produces independent qualification reports for companies worldwide including due diligence audits, technical reports, property evaluation, prefeasibility studies and certification of reserves.
Golden Hope is also pleased to retain the services of GENIVAR, one of the largest engineering firms in Canada.
GENIVAR's multidisciplinary team is made up of experienced professionals and technicians with a solid track record in the areas of impact studies, environmental audits, environmental systems implementation and maintenance, water, air and soil characterizations, and environmental monitoring.
GENIVAR has developed an integrated approach to projects where the Corporation's environmental scientists are involved in the start-up and completion of most projects where environmental considerations are important. GENIVAR will provide Golden Hope with an audit of its environmental compliance in order to meet all legal requirements and obligations as it continues to explore the Bellechasse Gold Belt in southeastern Quebec.
"We are extremely excited about working with two world class firms such as SGS and GENIVAR. As we continue to move towards delineating a gold resource in southeastern Quebec, having independent and qualified partners such as these will help us in achieving those goals" states Frank Candido, President, Golden Hope Mines Limited.
On behalf of the Board of Directors;
Frank Candido, President and Director
About Golden Hope Mines Limited:
Golden Hope 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 Quebec, Canada. The Bellechasse gold project in Southeastern Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic environment targets and a number of recently claimed ultra basic/serpentine bodies. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. Various factors could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the company, investors should review Golden Hope's registered filings at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Golden Hope Mines Limited
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SOURCE Golden Hope Mines Limited