Angus Gold Inc. (TSX-V: GUS |
OTC: ANGVF)
(“
Angus” or the “
Company”) is
pleased to announce the appointments of Dr. David Palmer as
Chairman and Director of the Company, effective immediately, and
Breanne Beh as President and Chief Executive Officer, effective
July 10, 2023. Ms. Beh has been leading the Company’s
exploration team and exploration strategy at the Golden Sky Project
since September 2021. These appointments are part of the Company’s
initiative to build a strong executive team and world-class project
in one of Ontario’s most active gold belts.
Dr. Palmer is a Professional Geologist with more
than 25 years of management, technical, and exploration experience.
David is currently the President and CEO of Probe Gold Inc.
Previously, he was the President and CEO of Probe Mines Limited
(2003-2015) where he led his team to two successful major mineral
discoveries, including the multi-million ounce Borden Gold deposit,
and the subsequent sale of the company to Goldcorp Inc. in 2015.
David’s outstanding achievements at Probe Mines earned him several
prestigious awards, including the PDAC's Bill Dennis Prospector of
the Year (2015) and Northern Miner's Mining Person of the Year
(2014). Dr. Palmer holds a B.Sc. (Geology) degree from St. Francis
Xavier University, M.Sc. and Ph.D. (Economic Geology) degrees from
McGill University. He is also a member of the Association of
Professional Geoscientists of Ontario.
Ms. Breanne Beh is a Professional Geologist with
more than 10 years of technical and exploration experience. Ms. Beh
began her career as an exploration geologist for Probe Mines at its
Borden Gold Project in Chapleau, Ontario, where she worked from
2012-2016. During this time, she was a valuable member and leader
of the team that earned the 2013 Ontario Prospectors Award for its
accomplishments in advancing this world-class gold deposit. She
obtained her BSc in Geology from the University of Calgary before
completing her MSc in Geology at Lakehead University. She is also a
member of the Association of Professional Geoscientists of Ontario
and the Ordre des Géologues du Québec. David Palmer
stated, “I am exceptionally pleased to be joining the Board of
Angus Gold. Angus has an extremely strong team of seasoned
directors who bring significant capital markets, corporate
development and legal expertise to the Company. I look forward to
adding my technical skills to this highly qualified group and
contributing to the growth of the Company and the Golden Sky
project. In addition to the potential I see in the Company and the
project, part of my decision to join Angus was based on Breanne Beh
accepting the role as Angus’ CEO. I have known Breanne for over 10
years and she is a consummate professional whose strong leadership
and strong technical skills will propel Angus forward in this
strengthening gold environment and I look forward to being part of
the success ahead.”
Breanne Beh commented, “I’m very excited to
accept this management role with the Company. The Golden Sky
project has always impressed me with its prospectivity and
potential. Over the past few years, I have helped guide the
exploration programs and we have been successful in making a brand
new gold discovery in the BIF zone and expanding the Dorset gold
zone in both size and grade. We have only scratched the surface
with regards to the potential at Golden Sky and, as a team, I
believe we have established a strong foundation to continue growing
and making many new gold discoveries going forward. I am eager to
begin this new role with the Angus team and lead the Company to
further success.”
The Golden Sky project is located in Wawa,
Ontario, and situated between the high-grade Eagle River and the
Mishi open-pit gold mines of Wesdome Gold Mines. The project is
host to the near-surface Dorset Gold Zone and a new gold discovery
in a large Banded Iron Formation (“BIF”) package, similar to the
geological settings of Musselwhite (Newmont Corporation) and Back
River (B2Gold Corp). The 2022 drill program in the BIF area
confirmed a robust gold system over 800 metres along strike while
the drill program on the Dorset Gold deposit was successful in more
than doubling the strike length of gold mineralization and defining
higher grades.
Mr. Steve Burleton will step down from his
position as Interim CEO but will continue serving as a Director of
the Company. We thank Mr. Burleton for his significant
contributions as an executive during the establishment and initial
exploration of the Golden Sky Project.
About Angus Gold:Angus Gold
Inc. is a Canadian mineral exploration company focused on the
acquisition, exploration, and development of highly prospective
gold properties. The Company’s flagship project is the Golden Sky
Project in Wawa, Ontario. The Project is immediately adjacent to
the Eagle River Mine of Wesdome Gold Mines Ltd.
Directors and insiders currently approximately
own 36.8%, Delbrook Capital Advisors Inc. 16.4% and New Gold Inc.
9.9%, each based on the current issued and outstanding common
shares of the Company on a non-diluted basis.
On behalf of Angus Gold Inc.,
INQUIRIES:Email: info@angusgold.comPhone:
647-259-1790Company Website: www.angusgold.com
TSXV: GUS | USOTC: ANGVF
Forward-Looking Statements
Neither 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. This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to: the
ability to anticipate and counteract the effects of COVID-19
pandemic on the business of the Company, including without
limitation the effects of COVID-19 on the capital markets,
commodity prices supply chain disruptions, restrictions on labour
and workplace attendance and local and international travel,
failure to receive requisite approvals in respect of the
transactions contemplated by the Agreement, failure to identify
mineral resources, failure to convert estimated mineral resources
to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, political risks, inability to fulfill the duty to
accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Angus Gold (TSXV:GUS)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Angus Gold (TSXV:GUS)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024