Goldplay Appoints President and VP Exploration

Goldplay Appoints President and VP Exploration

TSXV:AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to significantly strengthen Company's technical and leadership capabilities, it has split the Company's President and CEO roles and has appointed a highly experienced President as well as a highly experienced Vice President Exploration to lead Company's plans and strategy together with Goldplay's CEO, Mr. Catalin Kilofliski

Effective July 1st, 2022 Mr. Christopher Osterman was appointed as the Company's President following the decision to split the Company's President and CEO role, and Mr. Jose Mario Branco as the Company's Vice President Exploration. Both roles are reporting to the Company's CEO.

Chris Osterman, PhD Geologist, President

With a PhD in Geology from the Colorado School of Mines, Chris Osterman is an Exploration Strategist with over forty years of experience in all stages of the mining industry thorough out Africa, North and South America, and Asia. Chris has enjoyed key roles in the reconnaissance and initial discoveries of the Malku Khota silver deposit in Bolivia (370 Moz Ag), the San Jose silver and gold mine in Oaxaca, Mexico (84 Moz Ag equivalent), and the Zuun Mod copper/moly deposit in Mongolia (273 M lbs Mo/ 330 M lb Cu). Recently, he served as a senior executive of First Mining Gold Corp, as the company built a largely indicated gold resource of 12 Moz of gold in Eastern Canada through a series of acquisitions of private and TSX listed companies.

Jose Mario Branco, Geologist, Vice President Exploration

Mr. Branco is a senior geologist with over 38 years of experience. He is the managing partner of Geologia e Geotecnia Consultores, a boutique consulting firm specializing in mineral exploration based in Portugal. Prior to that, Mr. Branco was the Regional Exploration Manager, Europe for Lundin Mining overseeing Lundin Mining projects in Iberia and Europe. He led the team credited with discovering the new VHMS Semblana mineral deposit near Lundin's Neves Corvo mine. Prior to that he was Exploration Manager - Portugal for Rio Narcea a senior project geologist for BP Minerals and later Rio Tinto and was a senior member of the team recognized with discovering of the Las Cruces Cu-Au VHMS deposit in southern Spain and in the Gralheira intrusion-related gold deposit in northern Portugal.

Catalin Kilofliski, CEO stated: " Today marks an important milestone for our Company, as we have significantly strengthened our senior management and leadership team. Goldplay was created approximately one year ago with a strategy of delivering specific commodity and geographic exposure and successes for our investors. Despite the current market environment, today's appointments should enable the Company to begin delivering on that promise. The Company's Chairman, Deepak Malhotra, along with the newly appointed President Chris Osterman and VP Exploration Jose Mario Branco, together with myself, have recently completed a trip to Portugal with a goal to define, broaden and advance our strategy in Europe. Given the urgent need for sustainable resources produced within the European boundaries, we see ahead of us, a very feasible opportunity unfolding that will be conducive to successfully de-risking and advancing mining projects to production in the European Union. With a Portuguese based VP Exploration, a CEO born and raised in Europe, a President with important European connections, a Chairman that has commissioned several European mining projects into production, and a portfolio of several past producing gold and copper projects held in Portugal, Goldplay is well positioned to establish a strategically important presence in the evolving European resource development industry."

The Company would also like to announce that the Board of Directors has granted a total of 300,000 incentive stock options to the newly appointed Company President. The stock options are fully vested, with a 5-year term, expiring on July 4, 2027 and are priced at C$0.07 per share. The exercise of the incentive stock options will be subject to a four month hold period from the grant date.

The Company has also cancelled a total of 300,000 stock options issued on May 25,2021 with an exercise of $0.18 per share and a total of 190,000 stock options issued on August 9,2021 with an exercise price of $0.15 per share that were issued to certain Company advisors who ceased to act as advisors to the Company.

About Goldplay Mining

Goldplay Mining is a Canadian public company listed on TSXV and in the US on OTCQB. Goldplay holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

The Company also holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC.

On behalf of the Board of Directors
"Catalin Kilofliski"
President, CEO & Director

For further information please contact:

Goldplay Mining Inc.
Mr. Catalin Kilofliski, President & CEO
Suite 650 - 1021 West Hastings Street
Vancouver, BC V6E 0C3
T: (604) 655-1420
E: catalin@goldplaymining.ca
www.goldplaymining.ca

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.

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the exploration potential of the Property. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements involve risks and uncertainties relating to, among other things, results of future exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and unanticipated environmental impacts on operations. Although the Company believes current conditions and expected future developments and other factors that have been considered are appropriate and that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. The statements in this press release are made as of the date of this release. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE: Goldplay Mining Inc.



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Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

TSXV: AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to further advance Company's existing portfolio of projects in Portugal and beyond, Mr. Christopher Osterman has been appointed as the Company's Chief Executive Officer effective August 4, 2022. Mr. Catalin Kilofliski, has been appointed as Goldplay's Executive Chairman and will continue to lead Company's strategy. Goldplay's current Chair of the Board, Dr. Deepak Malhotra has been appointed as Lead Independent Director

Chris Osterman, PhD Geologist, Chief Executive Officer

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Terms of the Agreement

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Vertex Minerals Limited  Reward Gold Mine Project Update

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Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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