Blue Star Gold Corp. provides an update on its 2021 exploration program at the Ulu and Hood River Projects located in the High Lake Greenstone Belt, Nunavut .Highlights from the programTwenty-five drill holes completed for 5,012m of diamond core drilling evaluated 11 targets in six target zones; 2,534 core samples were collected for analysis .Excellent results delivered from first two holes of the program ; and ...

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on its 2021 exploration program at the Ulu and Hood River Projects located in the High Lake Greenstone Belt, Nunavut (Figure 1).

Highlights from the program

  • Twenty-five drill holes completed for 5,012m of diamond core drilling evaluated 11 targets in six target zones; 2,534 core samples were collected for analysis (Table 1).

  • Excellent results delivered from first two holes of the program (announced previously); and rushed results from a new vein system:
    • New vein system discovered (see news release dated September 1, 2021) that returned 8.15m of 20.8 g/t gold ~750 metres northeast of the Flood Zone deposit; two Flood Zone holes returned 4.91m of 19.1 g/t gold, 7.00m of 6.9 g/t gold, and 2.64m of 13.0 g/t gold (see news release dated September 22, 2021).

  • Flood Zone style mineralization intersected in several proximal targets including down to the 300m vertical level at the Central Zone and up to 2.5m wide in the Axis Zone.

  • The technical team has begun a detailed assessment and evaluation of the program results which will continue through to year end as the balance of the assays are received.

  • Second consecutive successful exploration season with no COVID issues; 471 tests completed during the program.

  • 2,495-line km of airborne magnetometry data was collected.

  • Remediation effort relocated 5,134 (compacted) cubic metres of historical solid waste to the approved landfill to satisfy the Company's Land Use Permit (Figure 4).

  • Safely completed inspections by CIRNAC and the Kitikmeot Inuit Association.

Blue Star's CEO Grant Ewing commented, "We successfully tested several prospective target areas during the drilling component of the current program. The discovery of a new vein system ~750 metres northeast of the Flood Zone deposit was an early success, and based on visual observations of the drill core, we anticipate more favorable results as assays from the balance of the program are retuned over the coming weeks."

Summary

Blue Star initiated its 2021 exploration campaign on June 8th, 2021 with a program of selective camp improvements, equipment evaluation and planning for remediation efforts and a substantial drill program. Heli-borne magnetometry kicked off the exploration program in late June and completed in early July covering key target areas on Ulu and Hood River and was expanded to cover the Roma Fold target. Drilling was initiated on July 16th and remediation activities (landfill) started on July 15th. A second drill was made available July 31st and continued drilling through September.

COVID testing totaling 471 tests were conducted over the season. This is the second exploration season where the workforce was COVID negative.

Exploration drilling comprised of two holes for 348m at the NFN (North Fold Nose), 7 holes for 1,184m at the Gnu Zone, 6 holes for 1,520m at the Central Zones, 5 holes for 991m at the Axis Zone, 2 holes for 295m at the East Limb Zone and 3 holes for 674m at the Flood Zone. Additional exploration work included reviewing select sections of historical drill core in the Flood Zone, select mapping for structural controls in the Flood, Gnu, Central, East Limb, and NFN zones with preliminary mapping efforts at the Crown-Pro Trend and the Roma Project. An orientation till sampling program along with prospecting and selective sampling occurred on the Roma Project and prospecting and channel sampling occurred on the Crown-Pro trend.

Discussion of the 2021 exploration program

Flood Zone: Three holes were drilled to evaluate geological complexity and grade distribution questions with two holes extended to evaluate an unmodeled zone and the Axis Zone at moderate depths. Two of the holes have been reported in a news release dated September 22, 2021 including intercepts of 4.91m of 19.1 g/t gold and 2.64m of 13.0 g/t gold. Additional assays are pending.

The Axis Zone is considered a high priority target area due to its immediate proximity to the Flood Zone and existing underground development. Drilling in this area stepped along the surface expressions of alteration and mineralization that are interpreted to propagate along the Ulu fold axis immediately east of the Flood Zone (Figure 3). Despite the proximity and similarity in mineralization style to the Flood Zone no drilling was undertaken in this area by any company since the initial 1990 drill holes. Four holes were drilled covering approximately 200m of strike and 150m of vertical depth. Silicified zones with Flood Zone style acicular arsenopyrite up to 2.50m wide were intersected. Assays are pending.

The Central Zones are three zones sub-parallel to the Flood Zone deposit occurring on the east side of the Ulu fold hinge that may extend to the southeast to converge with the East Limb Zone. Historical drilling in this area was shallow; a three-hole fence was used to test all three Central Zones. Silicified zones with Flood Zone style acicular arsenopyrite up to 2.0m wide were intersected down to a vertical depth of 300m. A fourth hole stepping out from the deepest test and a shallow test where the Central and Axis Zones are inferred to merge were also part of this drilling. Assays are pending.

The Gnu Zone was previously modelled as a single sheet of mineralization however compilation of the data indicated two styles of mineralization in at least two different orientations are present. Three drill holes were used to test acicular arsenopyrite mineralization and six holes were used to evaluate two separate polymetallic quartz vein targets. Both styles of mineralization were intersected and initial results from this area included 8.15m of 20.8 g/t gold (news release dated September 1, 2021) with additional assays pending. A number of untested targets remain in this area.

NFN Zone: A small program consisting of two drillholes (21BSG013, 21BSG017) at the NFN zone was used to define a full cross section across the folded stratigraphy. Both holes intercepted the targeted polymetallic vein. This section will be used along with historical drilling to better define the fold, and more importantly the plunge of the hinge line. All assays are pending.

East Limb: One drill hole (21BSG003) evaluated the dip of the basalt-sediment contact on the east side of the Ulu fold and one drill hole (21BSG019) was used to better define the dip of mapped mineralized zones. Arsenopyrite bearing zones were intersected in both holes. Assays are pending.

Initial field work was conducted to evaluate known targets and geological controls on potential mineralization at the Crown-Pro trend in the Hood River Area. This involved limited wide spaced mapping and prospecting traverses and detailed evaluation of an inferred axial planar shear zone associated with tight folding of geological units - a feature similar to that of the known high grade Flood Zone deposit. Next steps include the complete compilation of historical work leading to target generation along the Crown-Pro fold axis similar to that undertaken on the Ulu fold axis in 2021.

The recently acquired 100% owned Roma Project received limited detailed mapping and sampling at the drill ready to near drill ready Roma Main and Roma Fold targets. The Roma Fold was a focus for the heliborne magnetometry survey. Prospecting sample results are pending. Drift prospecting lines of tight spaced basal till samples were conducted on parts of the property that have received little to no historical work based on the data compilation. This work is expected to derive the next tier of targets for follow up on the Roma Property. Results will be released as they are received and reviewed.

Table 1: Diamond Drill Hole Summary.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2421/100213_table_550.jpg

To view an enhanced version of Table 1, please visit:
https://orders.newsfilecorp.com/files/2421/100213_table.jpg

  

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_004.jpg

Figure 1: Map of Blue Star Properties.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_004full.jpg

  

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2421/100213_figure2_550.jpg

Figure 2: Map of the Ulu and Hood River Area.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2421/100213_figure2.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_011.jpg

Figure 3: Plan Map of 2021 Drilling.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_011full.jpg

  

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_012.jpg

Figure 4: Change in Waste Piles from July to September 2021.

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_012full.jpg

2021 Exploration Program

The exploration campaign evaluated several high priority targets in the area of the known high-grade Flood Zone Deposit on the Ulu Project, and on high potential targets along the Ulu fold hinge. Numerous priority targets exist along the 5 km long Ulu Anticline which extends from the Flood Zone Deposit on to the contiguous Hood River Project up to the North Fold Nose Zone. Objectives of the 2021 program included better understanding the controls of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and expanding and infilling previously known but undertested mineralized zones.

Assay results from the balance of the program will be reported as they are received. Full collar tables and assay tables will be made available on the website in due course. Core samples are being cut by core saw with one half of the core retained and the other half sent for analysis. Samples are being prepared by ALS Yellowknife-Geochemistry and being analyzed at ALS Global, North Vancouver. Gold analysis is by fire assay using ALS code Au-AA26 and multielement analysis by code ME-MS61. Control samples include a crush duplicate every 20 samples; certified reference material is being inserted once every ten samples. Reported assay intervals use a minimum 2 g/t gold assay cut off with the inclusion of up to 3m of material below cut-off. True widths for all but the Flood Zone are not known due to lack of drilling and may range from 30% to 90% of drilled lengths.

Qualified Person

Darren Lindsay, P. Geo. and Vice President Exploration for Blue Star, is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold project, and the highly prospective Hood River Property that is contiguous to the Ulu mining lease. With the recent acquisition of the Roma Project, Blue Star now controls over 16,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact:
Grant Ewing, P. Geo., CEO
Telephone: +1 778-379-1433
Email: info@bluestargold.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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding prospective income and revenues, anticipated levels of capital expenditures for fiscal year, expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings, and estimates of mineral resources and reserves on our properties.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses into our operations, developments and changes in laws and regulations, including increased regulation of the mining industry through legislative action and revised rules and standards applied by the regulatory bodies in Nunavut, changes in the price of fuel and other key materials and disruptions in supply chains for these materials, closures or slowdowns and changes in labour costs and labour difficulties, including stoppages affecting either our operations or our suppliers' abilities to deliver goods and services to us, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our equipment, and inaccuracies in estimates of mineral resources and/or reserves on our mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100213

News Provided by Newsfile via QuoteMedia

Jazz Announces Closing of First Tranche of Private Placement of Units and Partial Redemption of Debentures

Jazz Announces Closing of First Tranche of Private Placement of Units and Partial Redemption of Debentures

(TheNewswire)

Vancouver, British Columbia, Canada TheNewswire – December 3, 2021 Jazz Resources Inc. (the “ Company ” or “ JZR ”) ( TSXV:JZR) is pleased to announce that it has closed a portion of its previously disclosed non-brokered private placement offering (the “ Offering ”) of units (the “ Units ”) by issuing 1,033,333 Units at a price of $0.75 per Unit for gross proceeds of $ 785,000 . Each Unit is comprised of one common share (a “ Share ”) in the capital of the Company and one share purchase warrant (a “ Warrant ”). Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $1.10 per Share for a period of 18 months after the date of issuance of the Warrants. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $1.50 for a period of 15 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

The Company will use the net proceeds of the Offering to redeem a portion of the June Debentures (as defined below), for development and exploration work on the Vila Nova gold project located in the state of Amapa, Brazil and for general working capital purposes.

Keep reading... Show less
text saying "top stories this week"

Top Stories This Week: Powell Speaks, Gold Slips; EB Tucker's Latest Price Comments

Top Stories This Week: Powell Speaks, Gold Slips; EB Tucker's Latest Price Comments youtu.be

It was a week of downward momentum for gold, which briefly made it past the US$1,800 per ounce mark, but had fallen to around US$1,780 by the time of this writing on Friday (December 3) afternoon.

The recently discovered COVID-19 variant omicron has led to market turbulence, and gold has also been affected by comments made midway through the week by US Federal Reserve Chair Jerome Powell.

He indicated that the central bank may wrap up tapering sooner than expected, which could also bump up the timeline for rate hikes. Plans are expected to be discussed at the Fed's December meeting.

Keep reading... Show less
Otso Gold Obtains Creditor Protection Under the Companies' Creditors Arrangement Act

Otso Gold Obtains Creditor Protection Under the Companies' Creditors Arrangement Act

Trading Symbol: TSX-V: OTSO

 Otso Gold Corp. (" Otso " or the " Company "), (TSXV:OTSO) announced today it has obtained an order from the Supreme Court of British Columbia (the " Court ") granting protection from creditors under the Companies' Creditors Arrangement Act ( Canada ) (" CCAA ") to enable the Company to propose a plan of arrangement to its creditors.

Keep reading... Show less
Marvel Closes On $908,080.05 - First Tranche

Marvel Closes On $908,080.05 - First Tranche

Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T1), (MARVF:OTCQB); (the "Company") has received TSX Venture Exchange approval for the closing of its First Tranche of the non-brokered private placement dated November 24th,2021. The First Tranche consists of aggregate gross proceeds of $908,080.05

The Company has issued 5,385,385 Flow-Through units at a price of $0.13 per unit. Each unit consisting of one Flow-Through common share and one-half of one common share purchase warrant; each whole warrant ("Warrant") entitling the holder to subscribe for and purchase one non-flow-through common share ("Warrant Shares") at a price of $0.25 for a period of 24 months following the acceptance date.

Keep reading... Show less
Collective Mining

Collective Mining


Overview

Even the most promising mining project can fail without the right management team in place. Statistics, surveys, and financial information are all important to consider, but it’s the management team that will take a promising mining project and transform it through the exploration, development and production stages as it progresses into a revenue-producing asset. That’s why one of the most important questions to ask when assessing a new company is: does the management team have a track record of success?

The right management team for any mining project will include professionals with a diverse background of technical, geological, business and financial experience. However, even a “dream team” of experts can fail to develop a valuable mine. That’s why many experts consider a proven track record of success to be the top factor in what makes a promising management team for a mining company.

Collective Mining Ltd. (TSXV:CNL) is a mineral exploration company focused on developing a portfolio of highly prospective gold, copper and molybdenum projects in Colombia. The company is led by the former management team of Continental Gold Inc — the same management team that sold the company for CA$2.0 billion (EV) after developing the largest gold mine in Colombia. Collective Mining currently holds an option to earn up to 100 percent interest on both of its projects with no underlying private royalties in one of the safest mining areas of Colombia.

Collective Mining’s team is highly specialized in identifying early-stage exploration projects with world-class potential. The company’s management team has an impressive track record of success, most notably identifying the potential of the Buriticá project and transforming it into a world-class gold mine. Continental Gold was the only pre-revenue company and the only mining company in Colombia to rank in the Social Investment Index, placing 11th in the country.

Collective Mining San Antonio and Guayabales

The company’s flagship Guayabales project is a high-grade gold, copper and molybdenum project. Collective Mining has announced a maiden 10,000 metre diamond drilling program underway to the northwest of Aris Gold’s (TSX:ARIS) Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). The Guayabales project has never been systematically explored and the company strongly believes that the project has significant exploration upside. The Guayabales project is also located within 1 kilometre of the Marmato gold deposit which has an estimated resource of more than 10 million ounces of gold.

Collective Mining

The company is led by internationally-recognized figures. Collective Mining’s executive vice president, Ana Milena Vásquez, was one of the top 100 Global Inspirational Women in Mining in 2020. Collective Mining is firmly committed to inclusion and diversity throughout its organization. Vásquez, as a leader in the Colombian mining sector, is well suited to promote this goal.

Collective Mining The Collective Model

Collective Mining is strongly committed to an ESG model that focuses on implementing a collective mining framework. The company’s collective mining framework includes strengthening the mining supply chain, integrating with the local economy through alliances and developing the local community through a multi-pronged approach. Collective Mining’s team was also part of the best-in-class mining ESG program at Continental Gold that won multiple awards and high-level rankings of recognition.

The company is fully-funded with cash on hand to support its drill program through 2022.

Company Highlights

  • Collective Mining (TSXV:CNL) is a mineral exploration company focused on developing two highly prospective and high-grade gold, copper and molybdenum projects in the prolific Mid-Cauca belt in Colombia.
  • The management team recently sold Continental Gold for CA$2.0 billion (EV), which was a relatively unknown project before the team became involved and grew it into Colombia’s largest gold mine
  • The company’s flagship Guayabales project has an extensive artisanal mining history with +80 adits discovered and over 500 years of mining activity in the area.
  • The Guayabales project is located near Aris Gold Corporation’s (TSX:ARIS) Marmato mine and the Marmato gold deposit.
  • Collective Mining’s San Antonio has a grassroots discovery of 710 metres at 0.53 g/t of gold equivalent. The project features limited historical exploration with the possibility to host a porphyry system, based on current indications.
  • Collective Mining currently holds an option to earn up to 100 percent interest on both of its projects with no underlying private royalties.
  • The company is committed to an ESG model that fosters growth on a micro- and macro-level, including local and global impacts.
  • The company is led by the former Continental Gold management team. Collective Mining’s management sold Continental Gold’s Buritica mine, the largest gold mine in Colombia, for $2.0 billion (EV).

Key Projects

Guayabales

Collective Mining Guayabales

The Guayabales project is a high-grade gold, copper and molybdenum project located in Caldas, Colombia. The project is situated 75 kilometres south of Medellin in the Marmato gold district. The property is strategically located adjacent to the Marmato gold mine along its strike. The project is located within 1 kilometre of the Marmato gold deposit which has an estimated resource of more than 10 million ounces of gold. Guayabales hosts a porphyry cluster that is connected to the Marmato orebodies by the Encanto Shear Zone.

The property has never been systematically explored. The project hosts five main targets including, Donut, the Box, Olympus, Victory and ME. The Donut target contains primary sulphide copper and gold while the Box target contains gold and silver found at the surface. The Olympus target features exposed copper, gold and molybdenum and the Victory target contains a porphyry-related magnetite stockwork system. Collective Mining has conducted drilling on the Donut target which returned, among other exciting results, a grassroots discovery of 104 metres at 1.3 g/t of gold equivalent.

The company has completed drilling the Donut target and has released some results, with the remiander to come through year-end 2021. Box drilling has commenced and initial results are expected early-2022. Drilling at the Olympus target has started and management intends to have a second rig turning in mid-December while the Victory target is slated for additional work and drilling beginning mid-2022. Collective Mining is also awaiting assay results from an extensive systematic channel sampling program. Going forward, the company is focused on generating new targets for the Guayabales project. The company strongly believes that the Guayabales project has significant exploration upside and holds the potential to become a world-class resource.

San Antonio

Collective Mining San Antonio

The San Antonio project is a gold, copper and molybdenum project located in the western margin of the Colombian Central Cordillera in Caldas, Colombia. The project is situated 70 kilometres south of Medellin and 8 kilometres northwest of the company’s Guayabales project. The project is located directly adjacent to the regional Romeral Fault system.

The San Antonio project has limited historical exploration focused solely on high-grade vein systems. The company began a drilling program on the property earlier in 2021. . Results revealed a grassroots discovery of 710 metres at 0.53 g/t of gold equivalent. Currently, the San Antonio project has three distinct porphyry-related targets, including Pound, COP and Dollar. The company has identified a high-grade soil anomaly of more than 100 ppb of gold and more than 6 ppm molybdenum.

The company is also currently in the process of defining the porphyry gold, copper and molybdenum system of significant dimensions. Collective Mining strongly believes that the sulphide hydrothermal breccia on the project has strong potential to host a porphyry system underneath the breccia.

Management Team

Omar Ossma - CEO and President

Omar Ossma has over 15 years of experience in the mining and energy industry in Colombia. Ossma also has over 20 years of experience in Colombian corporate, environmental, mining and energy law. He has focused most of his professional career on structuring mining and energy projects in Colombia. Ossma was the former legal vice president of Continental Gold. At Continental Gold, he was instrumental in the company's strategy towards licensing, building and putting into operation the Buriticá project. The Buriticá project is the largest gold mine in Colombia that was later sold to Zijin Mining Group. Before Continental Gold, he served as legal vice president of Minas Paz Del Rio, S.A. Minas Paz Del Rio, S.A.

is a wholly-owned subsidiary of the Brazilian industrial conglomerate Votorantim Group. Ossma was also the legal manager of Eco Oro Minerals Corp. Ossma has held senior positions as a lawyer in a number of mining and energy sector companies, including Empresa de Energía de Bogotá and Endesa Group (Emgesa S.A. Esp. – Codensa S.A. Esp). Empresa de Energía de Bogotá is a state-owned company focused on electricity and gas transportation in Central and South América. Endesa Group (Emgesa S.A. Esp. – Codensa S.A. Esp) is a Spaniard public utility conglomerate. He holds a law degree from Universidad Externado de Colombia.

Ari Sussman - Executive Chairman of the Board

Having dedicated the majority of his career to the natural resources industry, Ari Sussman has been instrumental in sourcing and funding high-quality mineral assets. Sussman has raised more than $1 billion for various resource-focused companies. Sussman currently serves as executive chairman of the board of Collective Mining Inc. Collective Mining Inc. is a newly formed mineral exploration company focused on acquiring and developing mining projects in Latin America. From 2010 until March of 2020, Sussman was the founder, chief executive officer and director of Continental Gold Inc. Under Sussman’s leadership, Continental Gold Inc. raised almost $1 billion and discovered more than 11 million ounces of high-grade gold and silver at the Buriticá project in Antioquia, Colombia. After completing construction of the mine in early 2020, Continental Gold Inc. was sold to Zijin Mining for total consideration of approximately C$2 billion. Zijin Mining is one of the world’s largest diversified mining companies. Today, the world-class Buriticá mine is the most modern and largest operating gold mine in Colombia with annual production expected to be more than 300,000 ounces of gold. Sussman was born and raised in Toronto, Canada and is married with three children.

Paul Begin - CA, MBA and Chief Financial Officer

Paul Begin was the chief financial officer of Continental Gold from May 2011 to March 2020. Before that, he served as the chief financial officer and corporate secretary for Hanfeng Evergreen Inc. from 2009 to 2011. Hanfeng Evergreen Inc. is a developer and producer of value-added fertilizers in China and Southeast Asia. Begin was also the vice president and chief financial officer of Trilliant Incorporated from 2004 to 2009. Trilliant Inc., formerly OZZ Corporation, is a network solutions provider. Before that, Begin served as the corporate controller at MDC Partners Inc. which is a Canadian-based marketing communications and secure transactions company. Begin obtained his Chartered Accountant designation with BDO Dunwoody, LLP. Begin holds an Honours Bachelor of Arts degree in Political Science from the University of Western Ontario and a Master’s degree in Business Administration from the University of Toronto.

David Reading - MSc. Economic Geology and Special Advisor

David Reading has over 40 years of expertise in the global gold mining and base metal industries within the fields of exploration, feasibility, project development and mining. He was the special advisor to Continental Gold up until the Zijin sale. He was also the former CEO of European Goldfields and the former head of exploration for Randgold Resources. Over the last ten years, he has consulted for various Toronto- and London-based mining groups with assets in the Americas and the rest of the world. Reading has a Master of Science in Economic Geology and is a fellow of the Institute of Materials, Minerals and Mining (IOM3) and the Society of Economic Geologists (SEG).

Ana Milena Vásquez - Executive Vice President

Ana Vásquez has more than 15 years of experience in the mining sector, in which she has held managerial positions. She was senior VP of external affairs and sustainability for Continental Gold. Previously, she served as president of Red Eagle Exploration and its branch in Colombia. She is the co-founder and former VP of operations and business development for CB Gold Inc. Vásquez was also the general manager of Carbones Nueva Naricual in Venezuela and Carbones del Cesar (Mina La Francia) in the Northern coal region in Colombia. Vásquez has been a member of the board of directors of the ACM – National Association of Mining Companies in Colombia and the board of directors of the Colombian Chamber of Mining. She is the co-founder and current vice president of Women In Mining Colombia. Vásquez has also been a consultant for several companies in the sustainability area, specifically in gender equality. She has a Master in Financial Analysis from the Carlos III University of Madrid and a Professional in Finance and International Affairs from Externado University.

Richard Tosdal - MSc., PhD. and Special Advisor

Richard Tosdal is a world-renowned specialist in mineralized porphyry deposits. Tosdal holds a Master of Science from Queens University in Kingston, Ontario and a Ph.D. from the University of California. He has over 45 years of experience in the minerals industry and academic research. His experience includes being a consultant for a variety of mining and exploration companies, a research scientist at the US Geological Survey and a director of the Mineral Deposit Research Unit (MDRU).

Rodolfo Higuera - Sustainability Vice President

Rodolfo Higuera has more than 10 years of experience in the mining industry. His professional career has focused on sustainability, social and environmental processes. He participated in the licensing process, construction and start-up of the operation of the Buriticá Project of Zijin owned by Continental Gold. Previously, he supported various projects in different roles. He supported the Eco Oro Minerals Corp. project as advisor to the IFC advisor. He also supported the Paz del Río Mines Project owned by Acerías Paz del Río which is a subsidiary of Votorantim Metais. Higuera also participated and led social, environmental and mining formalization processes. Higuera is a sociologist from Universidad Nacional de Colombia with postgraduate studies in Sustainability and Social Responsibility from Universidad de Los Andes.

Carlos David Ríos - Exploration Vice President

Carlos David Ríos has over 15 years of experience in the exploration and mining industry in Colombia and the LATAM region. Before Collective Mining, he served as exploration manager at Touchstone Gold in Colombia, exploration manager at the Zijin project owned by Continental Gold, geology manager of Cemex LATAM Holdings and specialist modelling and resources estimation specialist at the Cerro Matoso mine. Ríos has a degree in Geological Engineering from the National University of Colombia. He also has an international postgraduate in Geostatistics applied to the estimation and evaluation of mining deposits at Alberta University, Canada.

Steven Gold - CFA

Steven Gold has nearly 20 years of experience in capital markets within the natural resources sector. Most recently, Gold worked at Energold Drilling Corp. and IMPACT Silver Corp. At these companies, Gold was the CFO and worked in business development and investor relations roles across North America, Europe and the Asian-Pacific region. Gold’s primary responsibilities included financial management as well as global corporate and investor development. Before that, Gold was the vice president of equity research at Clarus Securities Inc. in Toronto where he primarily covered junior natural resource companies. Gold also co-managed one of Canada’s first natural resource-focused hedge funds for a Toronto-based portfolio manager. The portfolio manager’s portfolio is weighted towards junior and mid-level public and private companies. Gold attained the CFA designation from the CFA Institute in 2006 and received a degree in Industrial Relations & Economics from McGill University in Montreal in 2001.

María Constanza García Botero - MA and Director

María Constanza García Botero has extensive experience in mining, infrastructure, energy, urban development and public finance. She has had high-level responsibilities in government agencies, multilateral development institutions and private companies. She was president of the National Mining Agency (ANM), deputy minister of transport infrastructure and held leadership and advisory positions in the National Planning Department, the Hydrocarbons Agency and the Ministry of Finance in Colombia. She was also the director of International Cooperation for Agriteam. The International Cooperation for Agriteam is an international consultancy funded by the Government of Canada to advance governance in the extractive industry in Colombia. She was also the manager of large clients for CEMEX Colombia. She worked with the Interamerican Development Bank and the World Bank in infrastructure, housing, urban development, municipal finance and urbanism in Washington D.C. She has outstanding academic credentials with an Industrial Engineering degree from Universidad Tecnológica de Pereira, Colombia. She also has a Masters’ degree in urban and regional planning and public administration from The Ohio State University, USA and graduate-level degrees in economics and public administration from Universidad de los Andes.

Kenneth Thomas - P.Eng and Director

Kenneth Thomas is the president of Ken Thomas & Assoc. Inc. since 2012. He was the senior vice president of projects at Kinross Gold Corporation from 2009 to 2012. Before Kinross, Dr. Thomas was the global managing director and a board director at Hatch for 6 years. Hatch is a multinational engineering company providing project and construction management services to the metals, infrastructure and energy sectors. From 2003 to 2005, he was the chief operating officer at Crystallex International. Earlier in his career, he spent 14 years at Barrick Gold Corporation in various positions, including senior vice president of technical services. Dr. Thomas has a Master of Science degree in Management from Imperial College, London, the U.K. and a Ph.D. in Project Execution from the Delft University of Technology, The Netherlands. He is a past president and a Fellow of The Canadian Institute of Mining, Metallurgy and Petroleum (the “Institute”). In 1999 & 2001, the Institute awarded Dr. Thomas the Airey Award and Selwyn G. Blaylock Medal, respectively, for advancement in international mine design. Dr. Thomas has previously served as a director for Avalon Advanced Materials, Cardinal Resources Limited and DRA Global. He was also the former lead director of Continental Gold.

Paul Murphy - B.Comm, CA and Director

Paul Murphy was a partner of PricewaterhouseCoopers LLP from 1981 to 2010. He also served as the national mining leader from 2004 to 2010 at PricewaterhouseCoopers LLP. Throughout his career, Murphy has worked primarily in the resource sector with a client list that includes major international oil and gas and mining companies. His professional experience includes financial reporting controls, operational effectiveness, International Financial Reporting Standards (IFRS) and SEC reporting issues, financing, valuation and taxation as they pertain to the mining sector. He was previously the director of Continental Gold until its acquisition in March 2020. He was also the chief financial officer and executive vice president of Guyana Goldfields from 2010 to 2018. Murphy was also the chief financial officer of Guyana Precious Metals from 2012 to 2018. Murphy obtained a Bachelor of Commerce degree from Queen’s University and his Chartered Accountant designation in 1975.

Aswath Mehra - Director

Aswath Mehra is a seasoned executive with 35 years of global experience in the minerals industry. Mehra is an economist by training and received his Bachelor of Science in Economics and Philosophy from the London School of Economics. He is the CEO of the ASTOR Group, a private investment and advisory business, working in the fields of mining, technology, biotech and real estate. He spent many years in the commodity trading and mining business as well as owning, buying and selling companies. He is a director of several companies, both public and private in both executive and non-executive roles. He also devotes significant time to non-profit activities in the fields of education and healthcare. Most recently, Mehra was the executive chairman of GT Gold. Mehra founded GT Gold and sold it to Newmont Corporation which generated a significant return to GT Gold shareholders.

Metals & Mining Live Virtual Investor Conference December 8th & 9th

- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals & Mining Investor Conference on December 8 th & 9 th .

Keep reading... Show less

Top News

Related News