Almaden appoints Dr. John Thomas as Vice President, Project Development, to oversee detailed engineering and construction of ...
September 09 2019 - 4:00PM
Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX:
AMM; NYSE American: AAU) is pleased to announce the
appointment of Dr. John Thomas to the position of Vice President,
Project Development. In this role as an officer of the Company, and
contingent upon permitting and project financing, Mr. Thomas will
be responsible for pre-development engineering and construction of
the Ixtaca Project.
Dr. Thomas is a professional engineer, and holds
a BSc, an MSc and a PhD in chemical engineering from the University
of Manchester in the United Kingdom. He also received a diploma in
accounting and finance from the U.K. Association of Certified
Accountants. He has 46 years of experience in the mining industry,
including both base metal and precious metal projects in several
countries including Brazil, Venezuela, Costa Rica, Russia,
Kazakhstan, Canada and Zambia. His experience covers a wide range
of activities in the mining industry from process development,
management of feasibility studies, engineering and management of
construction, and operation of mines. He served as VP Projects for
Atlantic Gold for six years during which time he acted as a
Qualified Person under NI 43-101 for the construction of the Moose
River Consolidated Mine.
J.D. Poliquin, chairman of Almaden stated, “John
has been consulting to Almaden for many months, and we are pleased
to welcome him in a permanent position. Pending the successful
outcome of permitting and project financing, John’s focus at
Almaden will be to repeat his recent success at Atlantic Gold, by
bringing the Ixtaca project into production on time and on budget.
We look forward to his contribution to our growing construction and
operations team.”
About AlmadenAlmaden Minerals
Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico,
subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The
Ixtaca Gold-Silver Deposit was discovered by Almaden in 2010.
On Behalf of the Board of Directors
“Morgan Poliquin” Morgan J. Poliquin,
Ph.D., P.Eng.President, CEO and DirectorAlmaden Minerals Ltd.
Forward Looking Statements
Neither the Toronto Stock Exchange (TSX) nor the
NYSE American have reviewed or accepted responsibility for the
adequacy or accuracy of the contents of this news release which has
been prepared by management. Statements contained in this news
release that are not historical facts are “forward-looking
information” or “forward-looking statements” (collectively,
“Forward-Looking Information”) within the meaning of applicable
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward Looking
Information includes, but is not limited to, disclosure regarding
the outcome of legal actions, disclosure regarding the Ixtaca
project permitting process, and disclosure regarding potential
project financing, and is based on assumptions about future
economic conditions and courses of action; the timing and costs of
future activities on the Company’s properties, including but not
limited to development and operating costs in the event that a
production decision is made; success of exploration, development
and environmental protection and remediation activities; permitting
time lines and requirements; requirements for additional capital;
the potential effect of proposed notices of environmental
conditions relating to mineral claims; planned exploration and
development of properties and the results thereof; planned
expenditures and budgets and the execution thereof. In certain
cases, in preparing the Forward-Looking Information in this news
release, the Company has applied several material assumptions,
including, but not limited to, that the Government of Mexico will
continue to take the same positions with respect to mineral tenure
in any appeal as it did before the lower court, any additional
financing needed will be available on reasonable terms; the
exchange rates for the U.S., Canadian, and Mexican currencies will
be consistent with the Company’s expectations; the taxation
policies which will apply to the Ixtaca Project will be consistent
with the Company’s expectations, that the current exploration,
development, environmental and other objectives concerning the
Ixtaca Project can be achieved and that its other corporate
activities will proceed as expected; that the current price and
demand for gold and silver will be sustained or will improve; that
general business and economic conditions will not change in a
materially adverse manner, that third party contractors and
equipment, including the Rock Creek mill, will be available and
operate as anticipated, and that all necessary governmental
approvals for the planned exploration, development and
environmental protection activities on the Ixtaca Project will be
obtained in a timely manner and on acceptable terms; the continuity
of the price of gold and silver, economic and political conditions
and operations. Forward-Looking Information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the Forward-Looking
Information. Such risks and other factors include, among others,
risks related to the availability of financing on commercially
reasonable terms and the expected use of proceeds; operations and
contractual obligations; changes in exploration programs based upon
results of exploration; changes in estimated mineral reserves or
mineral resources; future prices of metals; availability of third
party contractors; availability of equipment; failure of equipment
to operate as anticipated; failure of the Rock Creek Mill to arrive
on site or operate as expected; accidents, effects of weather and
other natural phenomena and other risks associated with the mineral
exploration industry; environmental risks, including environmental
matters under Mexican rules and regulations; impact of
environmental impact assessment requirements on the Company’s
planned exploration and development activities on the Ixtaca
Project; certainty of mineral title; community relations; delays in
obtaining governmental approvals or financing; fluctuations in
mineral prices; the Company’s dependence on one mineral project;
the nature of mineral exploration and mining and the uncertain
commercial viability of certain mineral deposits; the Company’s
lack of operating revenues; governmental regulations and the
ability to obtain necessary licences and permits; risks related to
mineral properties being subject to prior unregistered agreements,
transfers or claims and other defects in title; currency
fluctuations; changes in environmental laws and regulations and
changes in the application of standards pursuant to existing laws
and regulations which may increase costs of doing business and
restrict operations; risks related to dependence on key personnel;
estimates used in financial statements proving to be incorrect; as
well as those factors discussed the section entitled "Risk Factors"
in Almaden's Annual Information Form and Almaden's latest Form 20-F
on file with the United States Securities and Exchange Commission
in Washington, D.C. Although the Company has attempted to identify
important factors that could affect the Company and may cause
actual actions, events or results to differ materially from those
described in Forward-Looking Information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on Forward-Looking Information. Except as
required by law, the Company does not assume any obligation to
release publicly any revisions to Forward-Looking Information
contained in this news release to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
Contact Information:
Almaden Minerals Ltd. Tel. 604.689.7644 Email:
info@almadenminerals.comhttp://www.almadenminerals.com/