(TheNewswire)
Toronto, Ontario – TheNewswire - August 23, 2021, NewOrigin Gold Corp. (TSXV:NEWO) (“ NewOrigin ” or the “ Company ”) announces that MarkSantarossa is stepping-down as President and Board Member of theCompany. The Company has begun searching for a new president andexpects to have the role filled in the coming months. In theinterim, current board member Elijah Tyshynski will be taking theposition of Lead Director to assist with the transition. Mr. Tyshynskiis also currently a Board Member of O3 Mining, along with working onStrategic Development for Osisko Mining.
Dr. Valliant commented, “On behalf of NewOrigin’s Board ofDirectors, I would like to thank Mark for his contribution over thepast six months in our corporate rebranding efforts and advancement ofour drill program at North Abitibi. I would also like to thank Mr.Tyshynski for agreeing to step-up and help with the transition, whichhighlights the continued commitment from O3 and Osisko Mining to thesuccess of the company going forward.”
NewOrigin is commencing an up to 3,000 metre diamond drill program totest extensive zones of gold mineralization at its North Abitibi GoldProperty. The planned drill program is designed to further evaluatechanges at depth within zones of known mineralization and to conductinitial drill tests of near-surface exploration targets identified byinduced polarization (IP) surveys and past till sampling. The Companyhas contracted Edcor Drilling Services to complete the drilling. Thedrill rig will be mobilized to site in the coming weeks.
About NewOrigin Gold Corp.
NewOrigin Gold Corp. (formerly Tri Origin ExplorationLtd.) is a well-funded, Canadian gold exploration company focused ondrill discovery on its projects in the Canadian Shield.
NewOrigin’s management and board have extensiveexperience in the delineation and development of gold deposits and iswell positioned with under-explored projects in productive miningcamps. The Company applies sound geological science and new techniquesand technologies to advance its projects, with the support of our newstrategic backers, O3 Mining Inc. and Osisko Mining Inc. NewOriginGold trades on the TSX Venture Exchange under the ticker“NEWO”.
For more information please visit www.neworigingold.com or SEDAR www.sedar.com or contact:
NEWORIGIN GOLD CORP.
Dr. Robert Valliant, PhD
Chairman
M: 416-709-9943
E: rvalliant@neworigingold.com
Cautionary Statement regardingForward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks,uncertainties and other factors involved with forward-lookinginformation could cause actual events, results, performance, prospectsand opportunities to differ materially from those expressed or impliedby such forward-looking information. Forward looking information inthis news release includes, but is not limited to, the intention tocomplete the foregoing, the Company’s objectives, goals or futureplans, statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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