VLMZF - Volcanic is pleased to announce new exploration and management team to advance Guatemala gold and silver projects
(TheNewswire)
January 5, 2021 - TheNewswire - Vancouver,British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) is pleased toannounce a new management and exploration teamdedicated to advancing its gold and silver projects in Guatemala.
Simon Ridgway, founder and director ofVolcanic, will take over management of the Company as CEO andPresident. Simon has extensive knowledge of Guatemala, bothgeological and socio-political, having been one of the first moderngold explorers to work in the country. Simon has led his geologicalteams to the discovery of several gold deposits in Central America andis keen to repeat those successes.
Simon Ridgway comments: “Volcanic’sGuatemala gold and silver projects have been waiting for several yearsfor the right political and market conditions, and the time is now. Volcanic is well financed and we look forward to exploring Holly,Banderas and the regional projects aggressively thisyear.”
Volcanic is pleased to announce theappointment of a new Exploration Manager, Matthew Booth who willreside in Guatemala and manage the exploration, drilling and localgeological team. Matt has a MSc Mineral Exploration from Universityof Leicester and 19 years field exploration experience, predominantlyin Latin America. He was recently Exploration Manager for GoldenMinerals in Mexico. Volcanic has assembled an expert team of localand international geologists, community relations experts andlogistics personnel, and has significant drilling and explorationprograms planned for this year.
Charles Straw, Volcanic’s former CEO,has done a great job in negotiating the Radius - Volcanic jointventure and financing the Company, and the Board thanks him for hisefforts. Charles will remain an active director of the Company.
Volcanic is also pleased to welcomeDerek Liu who was recently elected as an additional member of theBoard of Directors. Derek is a memberof the Chartered Professional Accountants of British Columbia and hasan MBA from Laurentian University. He has held senior accountingpositions at a number of public Canadian mining companies for the pastseveral years and is currently Chief Financial Officer of SilvercorpMetals Inc. which is a significant shareholder of the Company.
About Volcanic
Volcanic brings together an experienced and successfulmining, exploration and capital markets team focused on buildingmulti-million ounce gold and silver resources in underexploredcountries. Through the strategic acquisition of mineral propertieswith demonstrated potential for hosting gold and silver resources, andby undertaking effective exploration and drill programs, Volcanicintends 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 northe Investment Industry Regulatory Organization of Canada acceptsresponsibility for the adequacy or accuracy of this release.
Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian securities legislation. All statements included herein, other thanstatements of historical fact, are forward-looking statements andinclude, without limitation, statements about the Company’s plansfor exploration work in Guatemala. 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 negativevariations.
Forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether the Company’s plannedexploration work will be proceed as intended ; changes in general economic conditionsand financial markets; t heCompany or any joint venture partner not having the financial abilityto meet its exploration and development goals; risks associated withthe results of exploration and development activities, estimation ofmineral resources and the geology, grade and continuity of mineraldeposits; unanticipated costs and expenses; and such other risksdetailed from time to time in the Company’s quarterly and annualfilings with securities regulators and available under the Company’sprofile on SEDAR at www.sedar.com . Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated orintended.
Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: that theCompany’s stated goals and planned exploration and developmentactivities will be achieved; that there will be no material adversechange affecting the Company or its properties; and such otherassumptions as set out herein. Forward-looking statements are madeas of the date hereof and the Company disclaims any obligation toupdate any forward-looking statements, whether as a result of newinformation, future events or results or otherwise, except as requiredby law. There can be no assurance that forward-looking statementswill prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such statements. Accordingly, investors should not place undue reliance onforward-looking statements.
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