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)
True North Copper

True North Copper Commences Mining at Wallace North, QLD

True North Copper Limited (ASX: TNC) (TNC or the Company) is pleased to announce mining operations at its Wallace North deposit in northern Queensland have commenced, with clearing activities and blast hole drilling underway.

Keep reading...Show less

Lundin Mining Announces Updated Share Capital and Voting Rights

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Forum Announces Closing of Private Placement, Stock Option Grant and Liquidity Services Agreement

Forum Announces Closing of Private Placement, Stock Option Grant and Liquidity Services Agreement

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news releases of June 3 and June 24, 2024, it has closed its non-brokered private placement and has issued 7,084,020 units (the "Units") at a price of $0.135 per Unit for gross proceeds of $956,343 (the "Offering"). Each Unit consists of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share (each a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 24 months expiring June 26, 2026.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Copper metal tubes side by side ascending in height.

A Look at Historical Copper Prices (Updated 2024)

Copper has had a volatile few years; however, amid various ups and downs, prices for the red metal hit an all-time high on May 20, 2024, trading at US$5.20 per pound on the COMEX.

Interestingly, by looking backwards it’s easy to see that this spike was an expected feature of the long-term picture for copper prices. The red metal has rebounded after a downtrend from about 2011 to 2015, and over the last few decades prices have increased even more dramatically.

Case in point — at the time of its new high in May 2024, the copper price has increased over 500 percent since January 2000. Although this impressive major increase doesn't account for inflation, it's still a sizeable gain. Let's take a deeper dive into copper prices going back even further.

Keep reading...Show less
Copper bars increasing in size with an arrow above pointing up.

How to Invest in Copper (Updated 2024)

Copper has long been held up as a key indicator of global economic health, and as the world electrifies it's taking on a new shine, making it a potentially compelling choice for green-minded investors.

Often called Dr. Copper, copper is one of the most followed base metals, and its high ductility and electrical conductivity make it the third most consumed industrial metal, behind iron ore and aluminum, as per the US Geological Survey.

Given its attributes, copper is often used for electrical purposes such as power transmission and generation. And like its base metal sibling nickel, it has a major role in the electric vehicle revolution, with experts at S&P Global expecting consumption of copper to jump 20 percent by 2035 due to demand from the green energy market.

Keep reading...Show less
Vizsla Copper (TSXV:VCU)

Vizsla Copper Begins Drilling at Woodjam Copper-Gold Property

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to announce the start of the summer core drilling program at the Woodjam copper-gold project (the "Woodjam Project" or "Woodjam") in south-central BC (Figure 1).

HIGHLIGHTS
  • The Targets: Core drilling will evaluate the potential for: (1) extensions of high-grade gold mineralization at the Deerhorn deposit, (2) extensions of gold-rich copper mineralization at the Three Firs zone, and (3) extensions of higher gold mineralization at the Southeast deposit.
  • The Program: Approximately 3,600m of core drilling in 9 drill holes is planned, some of which will be on the contiguous Redgold property.

"With our financing freshly closed, I'm excited about the start of drilling at Woodjam," commented Craig Parry, Executive Chairman. "Strong copper prices are expected to continue over the long term and Vizsla Copper is executing on its strategy of acquiring undervalued copper assets and completing selective, high-impact exploration programs on our best targets."

Keep reading...Show less

Latest Press Releases

Related News

×