Huntington Exploration Inc. (
TSX.V:
HEI) (the “
Company” or
“
Huntington”) announced today changes to the
directors and officers of the Company.
EXECUTIVE AND BOARD
APPOINTMENTS.
Huntington is pleased to announce that Mr. Bryan
Wilson has been appointed President, Chief Executive Officer and a
director of the Company. In addition, Joseph Mullin, Marc Sontrop
and Mark Santarossa have been appointed to the Company’s board of
directors.
Mr. Christopher Brown, P.Eng, the previous
interim President and Chief Executive Officer will remain as an
Advisor to the Board and Mr. Sameer Uplenchwar the interim Chief
Financial Officer will remain in that role, but has resigned as a
director of the Company. In addition, Mr. Frank Busch, a specialist
on Indigenous First Nations Affairs will remain as a director of
the Company.
Huntington would like to thank Mr. Uplenchwar
and Mr. Brown for their contributions to the Company.
Bryan Wilson has over 37 years of experience in
the mining exploration and development business in varying
geographies, management and executive positions, and for major
companies like Falconbridge, Shell Canada Resources, and Centerra
Gold, plus a variety of junior exploration companies. In these
roles, he was pivotal in the early exploration and development of
the East Kemptville Tin Deposit (Nova Scotia), the Magino Gold Mine
(Wawa, Ontario), and the Oksut Gold Mine (Turkey). Previously, Mr.
Wilson was the CEO and President of St. Genevieve Resources Inc.,
and a director of Spider Resources, both of which were take-over
targets in 2007-08 and 2010 respectively.
In addition, Mr. Wilson has 12 years of varied
experience in the financial services sector, where he was a
Financial Advisor with ScotiaMcleod, a Mining Analyst with C.M.
Oliver and Dominick & Dominick Securities Inc. and a partner in
Thames Capital, a boutique merchant bank. Mr. Wilson holds a
Bachelor of Science degree from the University of Waterloo.
Joseph Mullin has served as the CEO of QuestEx
Gold & Copper Ltd. since August 2019. He is a Partner of Mount
Arvon Partners LLC, and he was previously the CEO and director of
Buckingham Copper Corp. He is an Independent Director of Pure
Energy Minerals Limited and FireFox Gold Corp. Mr. Mullin has over
20 years of experience in corporate finance, private equity,
restructuring, resources and consulting. He began his career as a
Financial Analyst in the Corporate Finance Department at Goldman
Sachs, was a Private Equity Analyst at WL Ross / Invesco Ltd. and a
Portfolio Manager at Millennium Global Investments Ltd. He has a
B.A. from Harvard University.
Marc Sontrop is the President and CCO of
Toronto-based investment firm Interward Asset Management. He brings
20 years of diverse capital markets experience dealing with private
and public investments across multiple sectors. Since joining
Interward 15 years ago, Marc has gained strong analytical expertise
researching and investing in a portfolio of small to mid-cap mining
opportunities. These investments have been global in reach and
cover multiple commodities. Previous experience includes sell-side
equity research at BMO Capital Markets and banking at Scotia
Capital. Marc is a CFA Charterholder and holds BComm and MBA
degrees from McMaster University. Marc also serves on the board of
AIM5 Ventures and a private US-based manufacturer of aerospace
components.
Mark Santarossa brings over 15 years of mining
experience in various corporate, capital markets and investment
banking roles. He was recently appointed President of Tri Origin
Exploration Ltd. and is also the Vice President of Corporate
Development for Aurion Resources Ltd. Previously, he was the Chief
Financial Officer and Vice President of Corporate Development for
GT Gold Corp. Prior to joining Aurion, he was a Director at Origin
Merchant Partners, Canada’s largest independent Mergers and
Acquisitions advisory firm based in Toronto. He also has deep
capital markets experience, having worked at both bank-owned and
independent Canadian investment dealers, devoting much of his
career to the resource sector. Mark has an extensive list of
institutional buy-side and corporate relationships. Mr. Santarossa
holds an MBA from the Schulich School of Business and a Chartered
Professional Accountant designation.
ABOUT THE BIRCH‐UCHI
PROPERTY
The previously announced Birch‐Uchi Property
covering an area of 11,280 hectares, bridges the territory of the
First Nations Treaty 3 and Treaty 9, located 80 km east of Red Lake
(see Location map)
This large property is contiguous with Great
Bear Resources’ Red Lake North project, the South Bay Mine (past
producing) property and Prosper Gold Corp’s Golden Sidewalk
project, where recent glacial till samples have outlined a strong
gold-in till anomaly measuring 3500 m by 300m that follows the
trend of a regional unconformity that is also present in the Red
Lake Gold District. The Golden sidewalk target is projected to
cross the Birch-Uchi project Key-Hole Block of claims in a north to
south direction with an estimated exploration target strike length
of approximately 2.5 km. Other notable new active projects in the
region include Pacton Gold’s Swain and ALX Resources’ Vixen
projects.
The Birch-Uchi Key-Hole Block of claims is
located near Boundary Gold Corp’s Jackson-Manion Mine, which
historically produced 29,778 oz. Au, and Prosper Gold’s Bathurst
Mine which produced 307 oz. Au. The Birch‐Uchi Property is
underlain by mafic to felsic metavolcanics of the Birch‐Uchi
greenstone belt and more than 10 km of the Swain Lake deformation
zone. There are a total of 29 historic mineral showings on the
property with notable results including a drill intercept of 63.5
g/t over 0.7 m at Surprise Lake Northwest, 30.6 g/t Au over 1.3 m
in a channel sample at the Heine showing and a grab sample of 15.8
g/t Au at the East Peanut Lake showing.
Bryan Wilson, President and CEO states, “The new
Directors and I are excited to be asked to manage the next stage of
development of Huntington. With the exciting discovery of insitu
Gold Mineralization on Great Bears Dixie Property, and gold-in-till
dispersion anomalies on Prosper Gold’s Sidewalk Project, all
warrant a renewed examination of the geology east of Red Lake in
the Woman Lake / Confederation Lake area. The Huntington claims
host at least 29 gold occurrences according to the Ontario Ministry
of Natural Resources archives, and on the property’s SE corner the
claims are contiguous with the past producing (Copper, Zinc, and
Silver) South Bay Mine. Huntington’s 2021 exploration program will
start with a detailed Till and Geochemical sampling program, in
addition to detailed mapping to trace the Prosper Gold’s Sidewalk
trend onto the Huntington Key-Hole claim block. We expect that
anomalies detected will be detailed with an Induced Polarization
survey and drilling in late 2021.
Techniques learned and used will be applied to
the larger Huntington claim block east of the Key-Hole block. 2021
Budget details are being prepared and will be announced soon.”
Safety – COVID Protocols
Currently, the Company has no known cases of
COVID-19 at its offices and is not aware of any direct contacts of
office staff or contractors with persons that have tested positive
for COVID-19. Even though COVID-19 currently has no direct impact
on current operations, there potentially could be disruptions for
future work plans due to the direct or indirect restrictions and
guidelines mandated by the regional public health authorities.
ON BEHALF OF THE BOARD OF HUNTINGTON
EXPLORATION“Bryan Wilson”President &
CEOhuntington@helioscorp.ca Note: Website development is ongoing
with expected release in mid-2021.
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.
Forward-Looking Information:
This news release contains “forward-looking information” within the
meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, included
herein are forward-looking information. Generally, forward-looking
information may be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”,
“proposed”, “is expected”, “budgets”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. In
particular, this news release contains forward-looking information
regarding: the business of Huntington. There can be no assurance
that such forward-looking information will prove to be accurate,
and actual results and future events could differ materially from
those anticipated in such forward-looking information. This
forward-looking information reflects Huntington’s current beliefs
and is based on information currently available to Huntington and
on assumptions Huntington believes are reasonable. These
assumptions include, but are not limited to: market acceptance and
approvals. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Huntington to be materially different from those expressed or
implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: general business,
economic, competitive, political and social uncertainties; general
capital market conditions and market prices for securities; delay
or failure to receive board or regulatory approvals; the actual
results of future operations; competition; changes in legislation,
including environmental legislation, affecting Huntington; the
timing and availability of external financing on acceptable terms;
and lack of qualified, skilled labour or loss of key individuals. A
description of additional assumptions used to develop such
forward-looking information and a description of additional risk
factors that may cause actual results to differ materially from
forward-looking information can be found in Huntington’s disclosure
documents on the SEDAR website at www.sedar.com. Although
Huntington has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Readers
are cautioned that the foregoing list of factors is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Forward-looking information contained in this news release
is expressly qualified by this cautionary statement. The
forward-looking information contained in this news release
represents the expectations of Huntington as of the date of this
news release and, accordingly, is subject to change after such
date. However, Huntington expressly disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities law.Photos
accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f715e518-3303-471a-a3cf-50981903ce5e
https://www.globenewswire.com/NewsRoom/AttachmentNg/74de1b00-4dac-4ab5-9a38-a4068e091290
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