BHK Mining Corp. Advised of Revision to Ndjole Exploration Permit Prospecting Area
The Gabonese government has adopted a policy of developing the gold mining industry through formalisation of artisanal and small scale mining activity, and has taken the decision to remove areas from our permit that have not, in its view, been the subject of substantial work since the discovery of the deposits.
The Company awaits receipt of the final amending decree detailing the new perimeter and size of the licence and will provide an update once this is known and we have assessed the impact on the Company's activities.
About BHK Mining Corp.
BHK is a TSXV-listed junior exploration company with operations primarily in Gabon at the Ndjole Licence, where a new discovery of high-grade, near-surface manganese mineralization has recently been made. In addition to the manganese mineralization, BHK has been following up high-grade gold zones previously discovered at the Ndjole License by the former owner of the property. BHK's operations at the Ndjole Licence open the door to further opportunities in this Central African country, which is among the top four manganese producers in the world.
On behalf of the Board of Directors:
Chairman & Interim President and Chief Executive Officer
For further information:
BHK Mining Corp.
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Such forward looking information may include, among other things, statements regarding the potential exploration and development of the Ndjole Licence, the future plans and objectives for the Ndjole Licence, future opportunities in Gabon, the negotiation and completion of transactions and the future operating results and economic performance of the Company. Such forward-looking information and statements are based on a number of assumptions, including that the exploration and development activities at the Ndjole Licence will continue as planned and that the Company will be able to continue raising the necessary capital to finance its operations. Although we consider these assumptions to be reasonable at the time of preparation, they may prove to be incorrect. Readers are cautioned that the actual future exploration results, operating results and economic performance of the Company are subject to a number of risks and uncertainties. These risks include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling and exploration results and other geological data, the potential for unsuccessful exploration results, changes in project parameters as plans continue to be refined, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, defects in title at the Ndjole Licence, the availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, political instability, regulatory changes, delays in receiving government approvals, changes in general economic, market or business conditions and delays resulting from environmental and other risks as may be described herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. For more exhaustive information on these risks and uncertainties you should refer to our annual filings which are available on www.sedar.com.
Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as required by applicable securities law.
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.
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