VLMZF - Volcanic Gold appoints VP Exploration; reports on drill results delay
(TheNewswire)
2021-11-30 - VG - NewsRelease
Shares issued 45,543,710
VG close - C$0.50, W/C +$8.5 Million
Vancouver, British Columbia - TheNewswire – Volcanic Gold Mines Inc. (TSX V: VG) (OTC:VLMZF) a growing gold explorationcompany is pleased to announce the appointment of Daniel Brost as VPExploration, effective December 1, 2021.
“Daniel’s depth of experience and proven leadershipskills are an important addition to our executive management team,”commented Simon Ridgway, CEO. “In his career Daniel has shown anexcellent capacity for strategic exploration development andexecution, in addition to important corporate development expertise. I have a high confidence in his ability to lead the exploration anddevelopment function of the Company within and outside ofGuatemala.”
Daniel Brost is an international exploration andmineral resource executive with 28 years’ experience. He comes froma third-generation mining family in Colorado and began his careerworking underground for Echo Bay Mines while attending university.After acquiring his degree Dan began working for Amoco Minerals /Cyprus Copper as an exploration geologist.
Early experience was in greenfield copper and goldexploration in the US and Canada. He then joined BHP Minerals andworked in exploration in Mexico, and the western US. He was laterseconded to the Ok Tedi Operation in PNG as Principal Geologist. Therehe gained important experience in mineral resource management andexploration planning/ execution.
He was then seconded to Peru for BHP Exploration asChief Geologist Projects and Exploration and worked in the Las Bambas/Tintaya District for copper and gold. He gained valuable experience inevaluation and economic analysis of exploration prospects andcorporate development.
Most recently he was General Manager of Geology forPanAust Limited based in Australia. There he oversaw exploration inLaos, Chile and Myanmar for the company. He also was CP-QP for thecompany reporting of exploration, and mineral resources-reserves.
Daniel attended Fort Lewis College in Colorado forB.Sc. Economic Geology and later attended the University of Arizonafor Mine Engineering.
Assay Delays
As recently announced, the Company is awaiting assayresults from its five most recently drilled holes at the Holly projectin Guatemala. The assay company is currently experiencing delays intheir processing turnaround and therefore the results fromVolcanic’s drill samples have not yet been received. We aremonitoring the situation and look forward to receiving the results inthe near future.
Volcanic brings together an experienced and successful mining,exploration and capital markets team focused on buildingmulti-million -ounce gold and silver resources inunderexplored countries. Through the strategic acquisition ofmineral properties with demonstrated potential for hosting gold andsilver resources, and by undertaking effective exploration and drillprograms, Volcanic intends to become a leading gold-silver company.
For further information, visit our website at www.volgold.com .
Volcanic Gold Mines Inc.
Simon Ridgway, President and CEO
Neither the TSX Venture Exchange nor the Investment IndustryRegulatory Organization of Canada accepts responsibility for theadequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constituteforward-looking statements within the meaning of Canadian securitieslegislation. All statements included herein, other than statements ofhistorical fact, are forward- looking statements and include, withoutlimitation, statements about the Company’s plans for explorationwork in Guatemala and results therefrom. Often, but not always, theseforward looking statements can be identified by the use of words suchas “estimate”, “estimates”, “estimated”, “potential”,“open”, “future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to be materially differentfrom any results, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include,among others, whether the Company’s planned exploration work will beproceed as intended; changes in general economic conditions andfinancial markets; the Company or any joint venture partner not havingthe financial ability to meet its exploration and development goals;risks associated with the results of exploration and developmentactivities, estimation of mineral resources and the geology, grade andcontinuity of mineral deposits; unanticipated costs and expenses; andsuch other risks detailed from time to time in the Company’squarterly and annual filings with securities regulators and availableunder the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors thatcould cause actual actions, events or results to differ materiallyfrom those described in forward-looking statements, there may be otherfactors that cause actions, events or results to differ from thoseanticipated, estimated or intended.
Forward-looking statements contained herein are based on theassumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s stated goals andplanned exploration and development activities will be achieved; thatthere will be no material adverse change affecting the Company or itsproperties; and such other assumptions as set out herein.Forward-looking statements are made as of the date hereof and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
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