The Golden Hope tungsten occurrence is located approximately 1 kilometre west of Grey Wolf Mountain.

The area is underlain by highly deformed Triassic and older (?) volcanic and sedimentary rocks of and younger aplite and feldspar porphyry dikes, and granitic intrusions. The volcanic rocks are the oldest units and are tentatively assigned to the Slocan or Kaslo Group, while the younger sedimentary rocks are correlated with the Slocan Group. A complete regional geology summary can be found in the Heino-Money (MINFILE 082FNW234) occurrence.

Locally, Scheelite mineralization is hosted by altered limestones and calc-silicate rocks over widths up to 1.5 metres.

In 1979, sampling yielded up to 0.77 per cent tungsten tri-oxide (Assessment Report 7909).

The Golden Hope claim (Lot 1797) was Crown-granted to M. D. Shea in 1901. A small dump and caved adit portal are reported near the base of the cirque in the northern part of the Crown grant. In 1979 and 1980, the area was prospected by Arnold and Elaine Gustafson. Later in 1980, after the discovery of high- grade gold values on the nearby Tillicum Mountain (MINFILE 082FNW234) property, the area was subsequently acquired by the Esperanza Explorations Ltd and Welcome North Mines Ltd. joint venture, led to additional claim staking (Til 1-4 claims) to include the Silver Queen ground. Welcome North terminated the joint venture in March 1982. In June 1982, La Teko Resources optioned a 50.4 per cent interest in Esperanza Explorations. The area was explored in conjunction with the Tillicum Mountain occurrence by Esperanza Explorations through 1989. In 1983 and 1984, Braemer Resources completed programs of geological mapping and an airborne geophysical survey on the area, immediately to the south west, as the Olga claims. In 1990 and 1991, Jopec Resources completed programs of rock and silt sampling, prospecting and geological mapping on the area as the ICE and SC claims. In 1997, AMT Resources and IBEX Resources completed a program of geochemical sampling, trenching and a ground electromagnetic survey on the area. In 2001 and 2002, 1330275 Ontario Limited completed programs of rock, silt and soil sampling and geological mapping on the area. During 2008 through 2014, AMT Industries Canada completed programs of soil sampling, a ground electromagnetic survey and remote sensing analysis on the area. In 2020, MGX Minerals Inc. optioned the Heino Gold property.