TinOne Resources Inc. (TSXV: TORC) (" TinOne " or the " Company ") is pleased to announce the appointments of Mr. Russell Fulton as the Company's Vice President of Exploration and Dr. Scott Halley as a Technical Advisor to the Company, effective immediately
" It's with great pleasure that we announce the appointments of Russell and Scott and we welcome them to the TinOne team," commented Chris Donaldson, TinOne's Executive Chairman. " Both individuals have considerable technical expertise and bring proven track records in mineral exploration as well as resource delineation experience to TinOne which will be instrumental as the Company prepares for its largest exploration program to date."
Mr. Fulton has over 30 years of experience in the minerals industry working in exploration, mining and research. Russell has worked on base metal, tin and PGE projects in western Tasmania, Australia as well as working extensively in the mineralised Lachlan Fold Belt rocks of northern Tasmania.
Russell was Geological Manager with Avenira Limited (formerly Minemakers Limited) for ten years providing management to the team initially at the company's tin, tungsten and fluorspar projects in Tasmania before moving on to the resource development of the massive Wonarah phosphate deposit in Australia's Northern Territory and the exploration and resource development of Avenira's Baobab Phosphate Project in Senegal, West Africa, including the discovery of the Gadde Bissik deposit in 2014.
Mr. Fulton has a Bachelor of Science degree and a Master of Economic Geology degree from the University of Tasmania and is a member of the AIG, AusIMM, GSA (Aust.) and SEG.
Dr. Halley is an internationally recognized geochemist who has consulted to more than 150 mining and exploration companies in more than 25 countries during the past 17 years.
Scott has published in numerous international journals and is a member of international research teams in the field of geochemistry applied to mineral discovery. He is a regular presenter in the University of Tasmania CODES MSc (Econ Geol) short course series, and a regular invited speaker at international geology conferences. Scott is the recipient of the Gibb Maitland Medal for 2012. The Gibb Maitland Medal is awarded by the Geological Society of Australia – Western Australia Division for substantial contributions to Western Australian geology, in particular for contributions in the field of mineral resources exploration.
Scott Halley received a BSc (Hons Class I) from the University of Tasmania (1982), and a PhD from Australian National University (1987).
TinOne is a TSX Venture listed Canadian public company with a high-quality portfolio of tin and gold projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia. The Company is focussed on advancing its highly prospective portfolio through aggressive exploration programs.
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Chris Donaldson, Executive Chairman
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SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the development of the Company's projects, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; and completion of a maiden drilling program.
Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential for TinOne and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; TinOne's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect TinOne's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and TinOne has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on early stage mineral projects; metal price volatility; risks associated with the conduct of the Company's mining activities in Australia; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although TinOne has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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