GYD Grayd Resource Corporation

Grayd Resource Corporation (TSX VENTURE:GYD) ("Grayd") is pleased to announce
the appointment of Troy J. Fierro to the board of directors.


Mr. Fierro is a successful mining engineer with over 25 years of industry
experience. He has previously held executive positions with Fronteer Development
Group Inc., Metallica Resources Inc., and Coeur d'Alene Mines where he has
overseen the development, construction or management of mines in Nevada, Mexico,
Argentina, Chile, and Alaska. 


At Fronteer, which was recently acquired by Newmont Mining Corp. for $2.1
billion, Mr. Fierro acted as COO. He was also Vice President Operations of
Metallica where he played the lead role in the construction of the Cerro San
Pedro Mine in Mexico. In August 2008, Metallica was part of a $1.6 billion
merger with Peak Gold Ltd. and New Gold Inc.


"Last December we delivered a very positive Preliminary Economic Assessment
Study on the La India Resource and we are moving the project to feasibility. In
addition, exploration results at Tarachi are extremely encouraging," reported
Marc Prefontaine, President and CEO. "We are very pleased Mr. Fierro has joined
our team as it greatly strengthens our operational expertise and clearly
demonstrates our intent and ability to advance our exciting Mulatos Gold Belt
projects toward production." 


The Company has granted Mr. Fierro options to purchase up to a total of 425,000
common shares in the capital of Grayd at price of $1.60 per share for a five
year period. The options are subject to certain vesting provisions.


Grayd is an exploration company focused on its La India property is located in
the prolific Mulatos gold belt of Mexico's Sonora State. In October 2010, the
Company reported a Preliminary Economic Assessment (PEA) that demonstrated a 51%
internal rate of return, a US$187 million net present value (pre-tax, 5%
discount rate), a nine-year mine life and nearly 850,000 ounces of gold
produced. Grayd has initiated feasibility level work on this resource. Three
drills are currently drilling to test the Tarachi discovery located 10
kilometers north of the resource area. 


The information in this news release may contain forward-looking statements.
When used in this release, words such as "estimate", "expect", "anticipate" and
"believe" as well as similar expression are intended to identify forward-looking
statements. Such statements are used to describe management's future plans,
objects, and goals for the Company and therefore involve inherent risks and
uncertainties. The reader is cautioned that actual results, performance or
achievements may be materially different from those implied or expressed in such
statements, which speak only as of the date the statements were made. The
Company does not update forward-looking statements continually as conditions
change.

Grayd Resource Corporation (TSXV:GYD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Grayd Resource Corporation (TSXV:GYD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024