(TheNewswire)
Vancouver, British Columbia – TheNewswire - January 30, 2024 – Westward Gold Inc. (CSE:WG ) ( OTC:WGLIF ) ( FSE:IM50) ( “Westward” or the “Company” ) is pleased to announce the appointment of Mr.J. Kelly Cluer to the position of Strategic Advisor to the Company.
Mr. Cluer has over 30 years of experience in mineral exploration, fromgrassroots project generation through to discovery, resourcedelineation and mine development. He spent the last decade of hiscareer in senior leadership positions at Kinross Gold Corp. ( “Kinross” ), one of the topglobal gold producers. In his latest role as Senior Director ofGeosciences (Global), Mr. Cluer oversaw the exploration strategy forprojects around the world, developing innovative campaigns includingleading-edge geophysical surveys, talent management and acquisition,and claim staking large greenfield targets based on new concepts. Hewas also instrumental in identifying new global regions forinvestment, through both generative exploration and M&A.
Mr. Cluer also acted as Exploration Director (North America) forKinross from 2013 to 2019, after being brought on to lead aggressivegreenfield and brownfield initiatives, developing and guiding teamsthroughout Nevada. Major achievements included cementing Kinross as amajor player in the Carlin-type gold space, with a robust pipeline ofprojects from early-stage prospects through to advanced developmentand production. He also established the Reno, NV office for greenfieldexploration and grew it into one of the most active teams in theWestern USA.
Among several major discoveries to his credit, Mr. Cluer was notably aco-discoverer of the high-grade Ren gold deposit under 800 meters ofcover on the Carlin Trend in the 1990s; that deposit is now beingmined by Nevada Gold Mines ( “NGM” ). Westward currently holds a portfolio ofexploration properties targeting Carlin-type gold potential, two ofwhich (the Coyote and Rossi Projects) are situated at the northern endof the Carlin Trend.
Mr. Kelly, incoming Strategic Advisor, commented: “One of my manypassions in life is the pursuit of innovation in exploration,especially as it relates to the geophysical realm and its ability toexpedite project generation, evaluation and ultimately discovery. Ienjoy working with small groups of dedicated individuals who are eagerto use the wide array of available tools to generate long-term value.I believe my expertise will help Westward drive towards theirCompany’s goals and I’m looking forward to this new collaborativeendeavour.”
Andrew Nelson, Westward’s CFO, noted: “Today’s appointment ofMr. Kelly Cluer represents another milestone for Westward; he is aproven Carlin-type minefinder and his accomplishments at Kinross(amongst many other successes) are a blueprint for what we’reultimately trying to achieve in Nevada. His eye for detail, and hisintimate knowledge of the project evaluation processes in place atmajor companies, will be a significant competitive advantage for usmoving forward. 2024 will be a transformational year for our Companyand this addition to the team is starting us off on the right foot.”
Mr. Cluer also found tremendous success in Mongolia, notably as theFounder, Co-Owner and Director of Exploration for Altan Rio Mineralsfrom 2006 to 2013. He was a recipient of the Polar Star Award from thePresident of Mongolia for his achievements generating long-terminvestments and national professional development initiatives. He alsoshared the “Honored Geologist of Mongolia” award with the Gatsuurtdeposit discovery team in 2004; in his role as Exploration Manager forCenterra Gold Mongolia, he was responsible for all aspects ofexploration, land management, personnel administration, and contractnegotiations. He managed final reserve drilling of the Boroo depositwhich resulted in additional gold reserves and new discoveries in thedistrict, in addition to exploration and resource drilling at theGatsuurt deposit leading to a reportable resource in excess of 2.0 Mozwithin a much larger gold mineralized footprint.
Mr. Cluer is a lifetime member and past President of the GeologicalSociety of Nevada ( “GSN” ).In addition to his many personal achievements, he has workedtirelessly to establish, train and mentor top-level exploration teamsfrom diverse cultural backgrounds who have gone on to realize greatsuccess in their own right. Mr. Cluer is passionate about investing inand developing the next generation of explorers and industry leaders.
Grant of Restricted Share Units ( “RSUs” )
The Company announces that its Compensation and Corporate GovernanceCommittee has approved and granted 300,000 RSUs to Mr. J. Kelly Cluer.The RSUs granted will vest over a period of 24 months, with 50%vesting on January 30, 2025, and the remaining 50% vesting on January30, 2026.
About Westward Gold
Westward Gold is a mineral exploration company focused on developingthe Toiyabe, Turquoise Canyon, and East Saddle Projects located in theCortez Hills area of Lander County, Nevada, and the Coyote and RossiProjects located along the Carlin Trend in Elko County, Nevada. Fromtime to time, the Company may also evaluate the acquisition of othermineral exploration assets and opportunities.
For further information contact:
Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 (604) 828-7027
andrew@westwardgold.com
www.westwardgold.com
The Canadian Securities Exchange hasneither approved nor disapproved the contents of this news release.The Canadian Securities Exchange does not accept responsibility forthe adequacy or accuracy of this news release.
This news release contains orincorporates by reference “forward-looking statements” and“forward-looking information” as defined under applicable Canadiansecurities legislation. All statements, other than statements ofhistorical fact, which address events, results, outcomes, ordevelopments that the Company expects to occur are, or may be deemed,to be, forward-looking statements. Forward-looking statements aregenerally, but not always, identified by the use of forward-lookingterminology such as "expect", "believe","anticipate", "intend", "estimate”,“potential”, “on track”, “forecast","budget", “target”, “outlook”, “continue”,“plan” or variations of such words and phrases and similarexpressions or statements that certain actions, events or results“may”, “could”, “would”, “might” or “will” betaken, occur or be achieved or the negative connotation of suchterms.
Such statements include, but may notbe limited to, information as to strategy, plans or future financialor operating performance, such as the Company’s expansion plans,project timelines, expected drilling targets, and other statementsthat express management’s expectations or estimates of future plansand performance.
Forward-looking statements orinformation are subject to a variety of known and unknown risks,uncertainties and other factors that could cause actual events orresults to differ from those reflected in the forward-lookingstatements or information, including, without limitation, the need foradditional capital by the Company through financings, and the riskthat such funds may not be raised; the speculative nature ofexploration and the stages of the Company’s properties; the effectof changes in commodity prices; regulatory risks that development ofthe Company’s material properties will not be acceptable for social,environmental or other reasons, availability of equipment (includingdrills) and personnel to carry out work programs, that each stage ofwork will be completed within expected time frames, that currentgeological models and interpretations prove correct, the results ofongoing work programs may lead to a change of exploration priorities,and the efforts and abilities of the senior management team. This listis not exhaustive of the factors that may affect any of theCompany’s forward-looking statements or information. These and otherfactors may cause the Company to change its exploration and workprograms, not proceed with work programs, or change the timing ororder of planned work programs. Additional risk factors and detailswith respect to risk factors that may affect the Company’s abilityto achieve the expectations set forth in the forward-lookingstatements contained in this news release are set out in the Company’s latest managementdiscussion and analysis under “Risks and Uncertainties”, which isavailable under the Company’s SEDAR profile at www.sedar.com.Although the Company has attempted to identify important factors thatcould cause actual results to differ materially, there may be otherfactors that cause results not to be as anticipated, estimated,described or intended. Accordingly, readers should not place unduereliance on forward-looking statements or information. The Company’sforward-looking statements and information are based on theassumptions, beliefs, expectations, and opinions of management as ofthe date of this press release, and other than as required byapplicable securities laws, the Company does not assume any obligationto update forward-looking statements and information if circumstancesor management’s assumptions, beliefs, expectations or opinionsshould change, or changes in any other events affecting suchstatements or information.
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