Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road" or the
"Company") announces Board of Director changes.
Mr. Gerald Riverin and Mr. Morgan Quinn have tendered their
resignations to the Board of Directors of Copper Road. The Company
wishes to thank both parties for their lengthy service and
contributions to the Company.
The Company has appointed Michael Waring (CFA) and Matthew Rees
(M.Sc., P. Geo) to the Board of Directors effective
immediately.
Michael Waring:Mr. Waring graduated from McGill
University with a BA degree in Physical Geography followed by an
MBA degree from the University of Western Ontario.
After spending three years working at Wood Gundy as a research
analyst and earning a CFA designation, Michael was hired by Knight
Bain Seath and Holbrook (KBSH), an institutional money manager for
corporate pension plans and other endowment funds. While there, for
the ten years from 1990 to 2000, Michael’s small/mid cap fund had a
compound annualized return of 32% in Canadian equities and grew
from an initial $20 million to $1.2 billion.
After fifteen years at KBSH, Michael left in 2000 to start
Galileo Global Investment Advisors to manage both institutional and
retail mutual funds.
Michael has been actively involved in charitable work in Vietnam
and Cambodia, building schools, houses, clean water supplies and
other community support both privately and through Plan Canada and
his charitable foundation, Kids in Class.
Mr. Waring states, “I am delighted to be joining the board of
Copper Road Resources and look forward to helping unlock the full
potential of this district-scale project located northwest of Sault
St. Marie.”
Matthew Rees:
Mr. Rees has worked with Iamgold since 2012. He was Manager of
New Opportunities from 2012-2018 and has served as Chief Geologist
from 2018-Present. Mr. Rees previously worked with
Noranda-Falconbridge from 1989-2006 and with various junior
explorers from 2006-2012. He graduated from the University of
Saskatchewan with a B.Sc. Geology (1989) and M.Sc. Geology
(1992).
Mr. Rees states, “I am honored to be asked to join the board of
Copper Road Resources and will strive to help the team in their
ongoing exploration efforts to delineate additional copper
mineralization beneath the project’s extensive land holdings on the
Mamainse Peninsula. The search for the potential parental intrusive
source, or sources, of the widespread copper mineralization across
the property is underway this fall, and we are looking forward to
seeing the results of our target validation program involving both
new surface geochemical surveys, and the assessment and modelling
of newly identified geophysical targets in the historical data.
This will lead to the planned drill testing of the initially
validated targets in early 2023.”
John Timmons, President/CEO and Director, comments, “We are
pleased to welcome Mr. Waring and Mr. Rees to the Copper Road Team.
Both individuals add high level expertise and value in capital
markets and economic geology respectively and we look forward to
their ongoing contributions as we advance our copper projects north
of Batchewana Bay.”
The Company will launch a new website reflecting the name change
from Stone Gold Inc. to Copper Road Resources Inc. within the next
few weeks.
For further information, please contact:Mr. John
TimmonsPresident/CEO and DirectorCopper Road Resources Inc.Cellular
(416) 931 2243Email: jtimmons@stonegold.caWeb: www.stonegold.ca
Copper Road Resources Inc. is a Canadian based
explorer engaged in the acquisition, exploration and evaluation of
properties for the mining of precious and base metals. The Company
is exploring for large copper/gold deposits on the 21,000-hectare
Batchewana Bay Project 80 km. north of Sault St. Marie, Ontario,
Canada.
Caution Regarding Forward-Looking
InformationThis news release contains forward-looking
information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Copper Road.
Forward-looking statements include estimates and statements that
describe Copper Road Resource’s future plans, objectives or goals,
including words to the effect that Copper Road Resources or its
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 Copper Road Resources, 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, details of the exploration results, potential
mineralization, Copper Road Resource’s treasury, management team
and enhanced capital markets profile, 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, failure or inability to complete the
Offering on disclosed terms or at all, regulatory approval
processes, failure to identify mineral resources, delays in
obtaining or failures to obtain required governmental, regulatory,
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.
Copper Road Resources 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.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
Stone Gold (TSXV:STG)
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