VANCOUVER, May 13, 2019 /CNW/ - Goldplay Exploration
Ltd. (TSXV: GPLY, FRANKFURT: GPE,
OTCQB: GLYXF) ("Goldplay" or the "Company") is pleased to
announce the appointment of two highly regarded mining executives,
Jonathan Rubenstein and Derek White, to the Company's Advisory Board.
The Company's Advisory Board was created to bring in members with
experience in business development, equity markets and the natural
resource sector to advise the Company's management and Board of
Directors.
Jonathan
Rubenstein
Mr. Rubenstein is Chairman of the Board of MAG Silver Corp.
(TSX: MAG, NYSE A: MAG) and a professional director, currently also
serving on the Boards of Roxgold Inc. (TSX: ROXG). Mr. Rubenstein's
career in the mining sector has included a wide range of functions
for both junior and major mining companies, including managing
public and private corporate activities, securities matters, and
negotiating financings in Merger and Acquisitions transactions,
totaling several billions of dollars in value. He has been directly
involved with asset acquisitions, joint venture agreements, and
other deals involving governments, regulators, banks, and local
populations. He has played key roles on Special Committees, dealing
with corporate, commercial and strategic matters, corporate
planning and structuring, contract negotiation and management,
litigation and arbitration, and regulatory compliance management.
Mr. Rubenstein holds a Bachelor of Arts degree from Oakland University and a LL.B. from the
University of British Columbia. He
practiced law until 1994 and was a senior officer in several mining
companies until late 2005. Mr. Rubenstein obtained his Accredited
Director designation in 2011 and has also been a member of the
Institute of Corporate Directors since 2011.
Derek White
Derek White is President &
CEO of Ascot Resources Ltd. (TSX-V: AOT) and has over 30
years of experience in the mining and metals industry. He holds a
degree in Geological Engineering from the University of British Columbia and is also a
Chartered Professional Accountant. Prior to joining Ascot Resources
Ltd., Mr. White was the Principal of Traxys Capital Partners LLP, a
private equity firm specializing in the mining and minerals
sectors. Mr. White was President and CEO of KGHM International Ltd.
from 2012 to 2015, and also held the positions of Executive Vice
President, Business Development and Chief Financial Officer of
Quadra FNX Mining Ltd. from 2004 to 2012. Mr. White has held
executive positions with International Vision Direct Ltd.,
BHP-Billiton Plc, Billiton International Metals BV and Impala
Platinum Ltd., in Vancouver,
Toronto, London, The
Hague, and Johannesburg.
Mr. White is also an ICSA Accredited Director.
Both Mr. Rubenstein and Mr. White commented "We are very
excited to become involved with Marcio and his team on Goldplay's
current projects in Mexico, and to
further the Company's vision to become a consolidator of the
multi-million ounce historic Rosario Mining District in
Mexico".
Goldplay President and CEO Marcio
Fonseca commented "Goldplay is thrilled to have Mr.
Rubenstein and Mr. White join our Advisory Board. Both individuals
are highly respected executives in the resource industry bringing
invaluable experience in the sector, public markets and corporate
development, to accelerate Goldplay's growth"
About Goldplay Exploration Ltd.
Goldplay owns a >250 sq. km exploration portfolio in the
historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay's current focus
includes resource expansion at the San Marcial Project, becoming an
emerging consolidator in a multi-million ounce historic mining
district in Mexico. Goldplay is
one largest concession holders in one of the most prolific mining
districts in Mexico, controlling
strategic concessions next to large gold and silver producers in
Mexico.
The San Marcial land package consists of 1,250 ha, located south
of the La Rastra and Plomosas
historical mines and 20 km from the Company's 100% owned El Habal
Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive,
near-surface high-grade silver, lead and zinc open pit project for
which a NI 43-101 resource estimate was completed by Goldplay in
early 2019. It is a low risk resource development stage project,
fully permitted for all exploration activities and with support and
authorization by local communities to carry out all necessary
work on the project.
San Marcial exhibits significant exploration upside supported by
regional exploration programs completed by previous operators who
identified 14 exploration targets similar to San Marcial within its
100% Goldplay-owned concessions. Some of these exploration targets
consist of old shallow pits, caved shafts and historical
underground workings in areas with extensive hydrothermal
alteration, hosted by major regional structures.
The El Habal Project is a drilling stage project. The oxidized
gold mineralized zone outcrops along a series of rolling hills with
evidence of historical shallow underground mining along a 6 km long
prospective corridor. The El Habal Project is located near the
historical gold-silver Rosario Mine which reportedly operated for
over 250 years. Goldplay's team has over 30 years of experience
with senior roles in exploration, financing, and development in the
mining industry, including over ten years of extensive exploration
experience in the Rosario Mining District, leading to previous
successful discoveries. A current NI 43-101 report on the El Habal
Project is filed on SEDAR.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and
information that are based on the beliefs of management and reflect
the Company's current expectations. When used in this press
release, the words "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information. Such statements and information reflect the current
view of the Company. Risks and uncertainties may cause actual
results to differ materially from those contemplated in those
forward-looking statements and information. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this press release.
SOURCE Goldplay Exploration Ltd