NR re: HPQ Beauce Gold Field

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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NR re: HPQ Beauce Gold Field

posted on Jul 17, 2017 11:01AM

https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/693899-hpq-terminates-option-agreement-with-golden-hope-mines-to-focus-on-the-beauce-gold-field-project/messages/2161362#message

HPQ Terminates Option Agreement With Golden Hope Mines To Focus On The Beauce Gold Field Project

July 17, 2017 / Montreal, Quebec, Canada - HPQ Silicon Resources Inc ("HPQ") (TSX Venture: HPQ) has terminated the Option Agreement with Golden Hope Mines. In light of the company's recent discovery of a major fault that rises beneath the historical placer gold deposit, (HPQ Press release May 11, 2017) and the fact that the company has successfully claimed the majority of the Gilbert river valley to now include all of the historical gold mines that operated from 1860s to the 1960s, the Company has decided to focus on the development of its 100% owned Beauce Gold Field project where the Company believes there is the potential for major gold discoveries.

Patrick Levasseur, President and COO of HPQ Silicon stated, "While we continue to believe that Golden Hope Mine's Bellechasse - Timmins gold deposit, also located in the Beauce region, is a project of great potential, we believe that investing funds in our 100% owned Beauce Gold Field project is the best option for HPQ as we move forward with our planned Gold spin out." Mr. Levasseur further stated, "We sincerely wish Golden Hope future success with the development of the deposit."

About Beauce Gold Fields

Beauce Gold Fields (BGF) is a wholly own subsidiary of HPQ Silicon. HPQ is in the process of "Spinning Out" Beauce Gold Fields into a new publicly trading junior gold company.

The Beauce Gold Field project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 145 claims 100% owned by HPQ, the project area hosts a six kilometer long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s.

A Beauce Gold Field presentation is available. It can be downloaded via link below

http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf