Precious Metals

Collective Mining Ltd.  is pleased to announce high-grade gold and silver grab sample results from it’s grassroot generated Olympus target within the Guayabales project Colombia. Additionally, the Company is pleased to announce that the initial drill hole to test Olympus is now underway. The Company presently has two diamond drill rigs operating at Guayabales as part of its maiden 10,000 metre drill program ...

Collective Mining Ltd. (TSXV: CNL) ("Collective" or the "Company") is pleased to announce high-grade gold and silver grab sample results from it's grassroot generated Olympus target ("Olympus") within the Guayabales project ("Guayabales"), Colombia. Additionally, the Company is pleased to announce that the initial drill hole to test Olympus is now underway. The Company presently has two diamond drill rigs operating at Guayabales as part of its maiden 10,000 metre drill program with a third rig to be added in December 2021.

Highlights (Table 1 and Figures 1 to 4)

  • Rock chip assay results of grab samples taken from veins located within historical, shallow underground adits on the eastern side of Olympus have confirmed the presence of a significant carbonate base metal ("CBM") system with results as follows:

Table 1: Grab Sample Assay Results from the Eastern Sector of Olympus

Sample ID* Au (g/t) Ag (g/t)
CM3546 485.3 325
CM3574 72.4 271
CM3544 58.2 99
CM0237 33.0 100
CM1996 20.7 9
CM0252 19.1 1,919
CM3572 17.7 771
CM2009 12.4 362
CM2004 11.9 26
CM2086 10.6 32

*The reader should be cautioned that grab samples are selective in nature and as a result should not be relied upon as being representative of average grades anticipated should a deposit be defined in the future.

  • Olympus covers a significant area measuring 1,000 metres north-south by 600 metres east-west and remains open for further expansion.

  • A recently completed, hi-resolution, induced polarization ("IP") survey has outlined multiple chargeability anomalies from surface to depths of up to 800 metres which are interpreted by the Company to relate to disseminated and vein sulphide systems associated with a large porphyry body.

  • Diamond drilling has commenced at the first pad and will drill test below the high-grade grab sample areas and the IP chargeability anomalies. A second rig is anticipated to arrive at site shortly and will commence drilling in December 2021.

  • An additional series of assay results for rock chip grab samples taken from the western portion of Olympus are expected in the near term. The outstanding grab samples are visually similar to the samples for which assay results are reported herein within abundant sulphide mineralization observed.

"Olympus is without question a tier-one target covering a significant area with robust IP targets and multiple mineralization styles that include high-grade veins, hydrothermal breccia and porphyry veinlet stockwork. This is a key priority target for the Company as it has the potential to yield large-scale, high-grade and bulk tonnage systems, commented Ari Sussman, Executive Chairman. "With our maiden drill program now underway at Olympus, we look forward to receiving first assay results in early Q1, 2022."

Geological Details of the Olympus Target

The Olympus target is an area with numerous, small and historical artisanal workings exposing vein, porphyry veinlet and breccia style, gold and silver mineralisation within shallow, underground adit excavations trending NW-SE and E-W. Access for this old, small scale, artisanal mining is facilitated from a north-easterly trending valley floor surrounded by hills with a +200 metre elevation differential. The Collective mining team has to date undertaken reconnaissance mapping and sampling on adits located on the eastern side of the valley. High-grade gold and silver mineralization is related to multiple sulphide and quartz carbonate veinlets and veins hosting massive pyrite with associated sphalerite and galena over widths of 10 to 100 cm. Available exposures of vein material are limited due to extensive timber support in these narrow, historical tunnels. Structural measurements of available vein exposures indicate vein strikes of 320 - 340 azimuth with dips of 60-70 degrees to the NE. Veins are associated with intense sericite alteration. The high-grade, grab sample results presented in this press release are all located within two specific areas of local, artisanal underground workings which will be drill tested from the current Olympus drill pad with various angled holes.

Surface and shallow underground geological mapping within the broader Olympus area demonstrates that the high-grade polymetallic veins are superimposed on highly altered quartz diorite and diorite porphyry intrusive covering a 600 metre by 600 metre area. Gold and silver mineralisation is also associated with multiple sheeted and stockwork veinlets hosted within the porphyry bodies and in hydrothermal breccia. The phyllic alteration (sericite-Illite) event related to the polymetallic veining is superimposed on and has degraded an earlier potassic alteration event (biotite and magnetite). The Company interprets the multiple styles of mineralization encountered at the Olympus target are related to mineralized porphyry systems.

A hi-resolution and deep penetrating IP survey was recently undertaken by Arce Geofisicos on behalf of Collective over the Olympus target area using their proprietary AGDAS technology. This work has outlined multiple chargeability anomalies locating within the Olympus target area, which extend to depths of up to 800 metres below surface. The chargeability anomalies are in part coincident with the high-grade, sulphide, sheeted vein systems and extend to the north so that the Olympus target area now has dimensions of 1,000 metres north-south by 600 metres east-west. The IP anomalies have a funnel shape in 3D and are interpreted by the Company to relate to disseminated and vein sulphide systems associated with a large porphyry body. The drilling program planned for Olympus from the current pad will include drill testing of these IP anomalies as well as the high-grade vein systems. A minimum total of 3,000 metres for 6 holes are planned from the current Olympus pad with further holes envisaged from the same location but dependent on results.

The Company is nearing completion of a second drill pad covering the southern part of the Olympus target area where previous channel sample results returned grades ranging from 1 to 46.5 g/t gold equivalent over widths of one to two metres as previously announced by Collective on August 4, 2021. Mineralization in the southern area is similarly related to multiple mineralization styles related to high-grade polymetallic veins, porphyry veinlets and breccia.

The Company continues to sample and map historical workings on the western side of the valley and results are pending. A third drilling pad is planned for construction in this area in January 2022.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program on both the Guayabales and San Antonio projects a total of eight major targets have been defined. The Company is fortuitous to have made significant grass root discoveries on both projects with discovery holes of 104 metres @ 1.3 g/t AuEq and 710 metres @ 0.53 AuEq at the Guayabales and San Antonio projects, respectively. ( See press releases dated October 18 th and 27 th for AuEq calculation.)

Contact Information

Collective Mining Ltd.
Steve Gold, Vice President, Corporate Development and Investor Relations
Tel. (416) 648-4065

To schedule a one-on-one meeting with management please use the following link:
https://calendly.com/collectivemining/30min?month=2021-11

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective's future and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except 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.

Figure 1: Plan View of the Guayabales Project and the Olympus Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1af9721-9b86-4f6d-a911-970172b5a5a5

Figure 2: Plan View of Olympus with Proposed Drill Holes Traces Superimposed is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb51258d-e2e5-41c5-8c27-09e105b4195b

Figure 3: Olympus Section View Showing Drill Hole Traces into a Chargeability High is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a65770b-2044-45b6-898f-b3110a8c21ea

Figure 4: Photos of High-Grade Grab Samples Taken at Olympus  is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f53dcdc-3da0-40fa-b3e2-732e394cdd20


News Provided by GlobeNewswire via QuoteMedia

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.

The Power Play by The Market Herald Releases Interviews with Algernon Pharmaceuticals, Newrange Gold, and Fokus Mining

The Power Play by The Market Herald Releases Interviews with Algernon Pharmaceuticals, Newrange Gold, and Fokus Mining

The Power Play by The Market Herald has announced the release of a new interviews with Algernon Pharmaceuticals, Newrange Gold, and Fokus Mining discussing their latest press releases

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

Keep reading... Show less
Newrange Outlines Winter Drilling Program for Red Lake Projects

Newrange Outlines Winter Drilling Program for Red Lake Projects

(TheNewswire)

Newrange Gold Corp.

TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to provide further details on the upcoming drill programs on its 100% owned North Birch and Argosy Gold Mine Projects northeast of Red Lake, Ontario.  At least 4,000 metres will be drilled, split roughly evenly between the two projects, starting at North Birch in early February

Keep reading... Show less
Kenorland Options Hunter Project to Centerra Gold Inc

Kenorland Options Hunter Project to Centerra Gold Inc

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or "the Company") is pleased to announce it has entered into a property option agreement (the "Option Agreement") with a wholly owned subsidiary of Centerra Gold Inc. ("Centerra") (TSX: CG) (NYSE: CGAU) pursuant to which Kenorland has agreed to grant to Centerra the option to acquire up to a 70% interest in the Hunter property (the "Project"), located within the southern Abitibi Greenstone Belt, in Quebec.

Zach Flood, CEO of Kenorland Minerals states, "We're looking forward to working with Centerra on the Hunter Project and to kick-off another large-scale systematic greenfields exploration initiative in the Abitibi Greenstone Belt. We believe this prospective region is generally under-explored due to the extensive glacial cover masking the bedrock geology and we look forward to advancing the project towards discovery with our newest partner."

Keep reading... Show less
Gold Bull Logo

Gold Bull 3D modeling of ground geophysics at Sandman confirms robust new drill targets at North Hill and Silica Ridge

Gold Bull Resources Corp. (TSX-V: GBRC) (" Gold Bull " or the " Company ") is pleased to report that all CSAMT (ground geophysics) survey data has been received and incorporated into the drilling program that commenced last week at its 100% owned Sandman Project ("Sandman" or the "Project") located in Humboldt County, Nevada, USA.

HIGHLIGHTS & UPDATE:

Keep reading... Show less
Bam Bam Drill Results Completion Update for Majuba Hill Project in Nevada

Bam Bam Drill Results Completion Update for Majuba Hill Project in Nevada

Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") would like to provide an update for the ongoing analysis of the samples from the 2021 core and reverse-circulation ("RC") drill program at the Majuba Hill Project in Pershing County Nevada.

Bam Bam drilled 4,539.5 meters (14,893.5 feet) in sixteen holes. The drill program was designed to complete in-fill, stepout, and new exploration holes for three areas.

Keep reading... Show less
Fortune Bay

FORTUNE BAY COMMENCES 2022 FIELD PROGRAMS ON ITS URANIUM AND GOLD PROJECTS IN SASKATCHEWAN

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) ("Fortune Bay" or the "Company") is pleased to announce that Phase 2 exploration drilling has commenced on its Goldfields Gold Project, and a ground gravity survey has begun on its Strike Uranium Project. Both Projects are located in northern Saskatchewan within 25 kilometres of Uranium City where the Company has an established operational base (see Figure 1).

Goldfields Project - Phase 2 Exploration Drilling

Keep reading... Show less

Latest Press Releases

Related News

×