xplore resources

Xplore Resources Announces Additional Board and Advisory Appointments

Xplore Resources Corp. (TSXV: XPLR) ("Xplore or "the Company") announces the following appointments to the Company's Board of Directors.

Xplore is pleased to welcome Mr. Picklu Datta, CPA, CA, BComm., and Mr. Sean Waller P.Eng., FCIM to the Company's Board of Directors. The Company also announces that Mr. McGuire has resigned as a Director, and is transitioning to the Company's Advisory Board. All changes are effective immediately.

Mr. Datta is a mining executive with 30 years of experience in senior management roles including accounting, audit, taxation, treasury, forecasting and budgeting and risk management. He was formerly Vice-President, Finance & Treasurer at Centerra Gold Inc.; Senior Vice-President, Treasury & Finance at Agnico Eagle Mines Limited; and Finance Manager at Aber Diamond Corporation. In his previous roles, Picklu helped to guide these companies during periods of transformational growth, both organically through mine development and through acquisitions. Mr. Datta obtained a Bachelor of Commerce from the University of Toronto and holds CA and CPA designations from the Chartered Professional Accountants of Ontario.

Mr. Waller is a registered Professional Engineer with 35 years of international experience in mining project management, evaluation, design and operation, with a specific focus on large scale copper and gold projects. Currently Mr. Waller is a Senior Project Advisor with Wood Mining and Minerals (previously AMEC), a division of Wood PLC, a global engineering and construction firm. Mr. Waller is a Director and Technical Advisor to several small cap resource companies. Previously he was Vice President of Global Business Development and Senior Project Manager with AMEC. While at AMEC, Mr. Waller managed the feasibility study for Nevsun Resources' Bisha gold/copper mine in Eritrea and the front-end engineering for the Cobre Panama copper mine in Panama. Earlier in his career Mr. Waller worked with SNC-Lavalin's Mining Division in senior technical roles and for Freeport-McMoran at its Grasberg copper operation in Indonesia. Mr. Waller is a Past President of the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") and is currently a member of the CIM Audit and Risk Committee. He has previously served as a Trustee of the CIM Foundation and is a volunteer and/or fundraiser with several community organizations. Mr. Waller has a B.Sc. in Geology from the University of British Columbia in Vancouver and a Masters Degree in Mineral Process Engineering from The Montana School of Mines in Montana.

Wes Hanson, President and CEO of Xplore, stated, "We are very happy to welcome Picklu and Sean to the Xplore Board of Directors. Collectively, these additions significantly upgrade the Company's knowledge base in several critical areas, including finance, capital markets, engineering, metallurgy, management and project development. I look forward to working closely with both Picklu and Sean as we begin the process of generating shareholder value through acquisition, exploration and development of copper and gold properties in Canada and abroad. Picklu's financial insight and capital markets network will be invaluable as we evaluate various opportunities. Sean's engineering, management and operational experience will significantly assist the Board in evaluating the technical merits of various opportunities, particularly any advanced projects. I am very excited to have the opportunity to work closely with our newest team members as we begin the process of growing shareholder value."

The Company also announces the granting of 2,000,000 incentive stock options under the Company's stock option plan to directors, officers, employees and consultants, at an exercise price of $0.10. A total of 1,700,000 of the options expire three (3) years from the date of grant, and 300,000 options expire after one year.

About the Valk Project

Xplore's 100% owned Valk copper-gold project (1,614 Ha) is located in the Nanaimo Mining Division, British Columbia, approximately 20 Km NW of Port Hardy. The Project is road accessible via an extensive network of provincial highways, local roads, and logging roads. Soil geochemistry and surface rock sampling have identified anomalous copper, vanadium, and gold mineralization within rocks of the Karmutsen Formation. Valk is located 25 km north of the former Island Copper Mine (reported historical production 367 Mt @ 0.33% Cu - Ref. BC Minfile 092L 158) and the North Island Copper and Gold Project (Indicated resource of 304 Mt @ 0.21% Cu - Ref. BC Minfile 092L 240).

Qualified Persons

Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Provinces of Ontario is the "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Xplore Resources (TSXV: XPLR)

Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange under symbol XPLR and is focused on the acquisition and development of copper and gold projects in the Americas. The Company is led by an experienced management team with executive and senior management experience in exploration, development, operations and mergers and acquisitions.

For additional information, please visit the Company's website at www.xploreresources.com

ON BEHALF OF THE BOARD

"Wesley C. Hanson"
President & CEO

For further information, please contact:
Phone: +1 647-362-9675
Email: info@xploreresources.com

NEITHER THE 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

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

Notice on forward-looking statements:

Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Xplore cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Xplore's control. Such factors include, among other things: risks and uncertainties relating to Xplore's ability to complete the proposed Transaction; and other risks and uncertainties, including those to be described in the Filing Statement to be filed by Xplore on SEDAR.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Xplore undertakes no obligation to publicly update or revise forward-looking information.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84709

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Empire Metals

Empire Metals

Keep reading...Show less
Golden globe with a wireframe design, set against a gradient geometric background.

Lundin Mining Declares Filo del Sol a "Generational" Discovery, One of the World's Largest

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has released an initial resource estimate for the Filo del Sol sulfide deposit, as well as updated resources for the Filo del Sol oxide deposit and the Josemaria deposit.

Held in a 50/50 joint venture between Lundin and BHP (ASX:BHP,NYSE:BHP,LSE:BHP), the Argentina-based assets are collectively referred to as the Vicuña resource. The new data reportedly makes Vicuña one of the world's largest copper, gold and silver resources, and places it among the top 10 copper resources worldwide by size.

"Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved," said Lundin Mining President and CEO Jack Lundin in a press release.

Keep reading...Show less
Seesaw with "demand" outweighing "supply," symbolizing economic imbalance.

Copper Crunch: China's Stockpiles Depleting, US Demand Rising

Copper prices are being pushed skyward as China's stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration.

According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history.

“At the current pace of draws, those Chinese inventories could deplete (to zero) by the middle of June,” Nicholas Snowdon, head of metals and mining research at the commodities trading house, told the Financial Times.

Keep reading...Show less
White Cliff Minerals

175m @ 2.5% Copper from 7.6m, Hole Ends in 4.46% Copper & Open at Depth Danvers Drilling Delivers a Globally Significant Copper Intersection

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce further assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.

Keep reading...Show less
White Cliff Minerals

White Cliff Minerals Limited (ASX: WCN) – Trading Halt

Description

The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.

Keep reading...Show less
Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the receipt of TSX Venture Exchange (the " Exchange ") conditional acceptance for its previously announced earn-in agreement (the " PIL Earn-In Agreement ") with Freeport-McMoRan Mineral Properties Canada Inc. (" Freeport "), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX) relating to its PIL property (" PIL Property "). The PIL Property consists of 50 mineral claims in the Toodoggone District of northern British Columbia . The Company also entered into an earn-in agreement (the " ATTY Earn-In Agreement ") with Freeport relating to its ATTY property (the " ATTY Property ", together with the PIL Property, the " Properties "). The ATTY Earn-In Agreement is not subject to Exchange approval, as it qualifies as an "Exempt Transaction" under Exchange Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets . The PIL and ATTY earn-in agreements are arm's length transactions, and no finder's fees are payable in connection with either earn-in agreement.

Keep reading...Show less

Latest Press Releases

Related News

×