Amarillo Appoints Mike Mutchler as President and CEO
January 08 2018 - 7:00AM
Amarillo Gold Corporation (“
Amarillo” or the
“
Company”) (TSX.V:AGC), is pleased to
announce the appointment of Mike Mutchler as President & CEO
and Director of the Company effective immediately. Rolly Uloth who
has held the position as Interim CEO will continue as Executive
Chairman of the Company.
Mr. Mutchler, who is currently a Partner and
Advisory Board Member at Whittle Consulting Pty. Ltd., has over 30
years’ experience as a mining engineer in both open-pit and
underground mining operations. At Whittle, Mike conducts Enterprise
Optimisation using its proprietary software for mining projects
worldwide. Prior to Whittle, Mike was COO for Largo Resources where
he was responsible for the construction, commissioning, operations
and expansion of the Maracas Vanadium Mine and Mill in Bahia,
Brazil. Mike’s extensive experience also included the position of
COO of Rainy River Resources, Vice President Project Development
for Kinross Gold Corporation, Mine & Infrastructure Manager for
Kinross’s Cerro Casale project in Chile, Project Director for
Kinross’s Paracatu Mine in Brazil, and he held managerial positions
at Kinross and ASARCO. Mike holds a BSc (Mining Engineering), South
Dakota School of Mines & Technology; MBA, Webster University,
Missouri; Executive Juris Doctorate degree, Concord School of Law,
Kaplan University; and Chartered Directors Certificate, The
Directors College, McMaster University.
Mr. Mutchler commented, “I am very pleased to
accept the position of President and CEO at Amarillo. Rolly and the
team in Brazil have done a terrific job in advancing the Mara Rosa
Project towards the attainment of the Installation Permit (LI) and
subsequent construction and operation of this world class deposit
in the mining friendly State of Goias, Brazil. I am also excited to
apply my experience in the Whittle Optimisation to this project
which I believe is a suitable project for optimisation. In
addition, the Lavras do Sul properties and in particular the Butia
project in the State of Rio Grande do Sul, Brazil offer tremendous
opportunities for organic growth within the Company.”
Mr. Uloth commented, “On behalf of the Board of
Amarillo, I am very pleased with the appointment of Mike as the
President and CEO of Amarillo. Mike’s track record of building
major mining projects internationally and in particular his
operating experience in Brazil, qualify him as the ideal candidate
for Amarrillo. We look forward to his depth of knowledge and skills
to take us to the permitting and construction of Mara Rosa, and to
lead the efforts in expanding the resources both at Mara Rosa and
Butia.”
The Company also granted 4,590,000 options to
directors, officers and management.
ABOUT
AMARILLO
Amarillo is developing a highly economic, open
pit gold resource at its Mara Rosa deposit in the mining friendly
jurisdiction of the Goias State in Brazil. In addition, Amarillo
has an advanced exploration project with excellent grades at Lavras
do Sul, also in Brazil. Both projects have excellent nearby
infrastructure. The Mara Rosa project was awarded the main permit
(LP) that gives social and environment permission to mine. This has
allowed Amarillo to move forward and work on the construction
permit (LI).
For further
information, please
contact:
Mike Mutchler
President & CEO
416-294-0736
mike.mutchler@amarillogold.com
or
Karen
MateConsultant416-230-6454karen.mate@amarillogold.com
32 Richmond St. East Suite 201 Toronto, ON Canada, M5C 1P1
Website: www.amarillogold.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FORWARD LOOKING STATEMENTS:
This news release contains Forward Looking
Statements regarding our intentions and plans. Forward Looking
Statements in this news release include that our projects have
potential for commercialization. Various factors may prevent or
delay our plans, including but not limited to, the Company being
unable to raise funds from investors, contractor availability and
performance, weather, access, mineral prices, and success and
failure of the exploration and development carried out at various
stages of the program. Permission from the Government and community
is also required to proceed with future mining production. Readers
should review risk factors applicable to junior mining exploration
companies generally to understand the variety of risks that can
affect the Company. The Company undertakes no obligation to update
publicly or otherwise revise any Forward Looking Statements whether
as a result of new information or future events or otherwise,
except as me be required by law.
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