VANCOUVER, BC, Dec. 16, 2020 /CNW/ - Gold Line Resources
Ltd. (TSXV: GLDL) ("Gold Line" or the "Company") is
pleased to announce the appointments of Mr. Benny Mattsson, P.Geo., and Mr. Lewis Teal as members of the Company's newly
formed Technical Advisory Board. The Technical Advisory Board
was established by the Board of Directors to provide added
expertise and guidance to Gold Line's Management and Geolgoical
teams in the development of optimal exploration strategies and
programs for the Company.
Mr. Mattsson holds a BSc degree in Geology from the University
of Uppsala, and brings more than 40 years of mineral exploration
and geology experience to the Company. Benny has an extensive
background leading teams in both greenfields and district-sized
exploration programs, and has focused a considerable amount of his
career in the prolific Skelleftea District of Sweden, where he held various exploration
management positions with the country's largest mining company,
Boliden. During his tenure with Boliden, Benny and his teams
were credited with the discovery of several major mineral deposits
that were eventually developed into producing mines - the
most notable being the Kankberg gold-silver-tellerium mine, and the
Åkerberg gold mine. In addition to his years with Boliden, Mr.
Mattsson also worked with International Gold Exploration IGE AB,
where he held the position of Chief Geologist for the company's IGE
Nordic AB Rönnbäcken Nickel Project, also located in
Sweden. Benny continues his
successful career today as an Exploration and Geology consultant,
advising mining companies in their endeavours.
Gold Line's CEO, Adam Cegielski
stated: "We would like to welcome Mr. Mattsson to the Gold Line
team. We are honoured to have him as a member of the
Technical Advisory Board, and are confident that Benny's
extensive geological and industry expertise across Sweden - including in the Skelleftea and Gold
Line Belts, where the Company's portfolio of projects are located,
will prove invaluable in supporting the efforts of our
already strong exploration team. We look forward to
working with him as we endeavour to advance and
optimize our exploration program and strategies."
CEO Adam Cegielski continued,
"Mr. Teal is another great addition to the Technical Advisory
Board. Lew brings to Gold Line a wealth of experience working
on similar gold belts elsewhere in the world, and considerable
success in driving new discoveries. Lew's global experience is a
great compliment to Benny's in-country and regional knowledge base,
and will serve the Company's Board and Management well."
Mr. Teal has 40 year's experience in the natural resources
industry, including greenfields exploration, as well as, near-mine
exploration and development. Most notably, Lewis served as
Exploration Manager for Newmont Mining's Yanacocha operation from
2002 to 2006, and served as Newmont's Manager and Group Executive
of Exploration and Early-Stage Development for South America and the Caribbean Region
(2006-2015). In addition to exposure to jursidictions in South
American, Lewis' international exploration exposure spans globally
beyond South America, including
work in the U.S., Mexico,
Turkey, Indonesia and Southern China. Since retiring from Newmont
Mining in 2015, Lewis has been engaged as a private consultant
based out of Albuquerque, N.M. Mr.
Teal holds a Masters of Science degree in Geology from the
University of Texas, and is a licensed
Certified Professional Geologist, and is also a Qualified Person,
as the term is defined by National Instrument 43-101.
ABOUT GOLD LINE RESOURCES LTD.
Gold Line Resources Ltd. is a Canadian junior mineral
exploration company with a portfolio of exploration properties
located within the prolific, yet under-explored, Gold Line Mineral
Belt and Skelleftea Belt situated in North Central Sweden - one of
the world's top mining jurisdictions and emerging exploration
frontiers. The Company currently has four (4) prospective
gold exploration properties in North Central Sweden, including the
Kankberg Norra property located in the Skellefteå Belt, and the
Långtjärn, Blabarliden, and Paubacken properties, located within
the Gold Line Mineral Belt. Gold Line's properties are
located on a 200 kilometer mineralized greenstone-sedimentary belt
that is host to multiple high-grade gold deposits. The Company
intends to undertake significant exploration work on the Långtjärn
Property, as recommended by the authors of the Company's NI 43-101
Technical Report, titled "Technical Report for the Långtjärn
Property, Northern Sweden" dated
effective June 30, 2020, and
available under the Company's profile at www.sedar.com .
The Company has a strategic shareholder in EMX Royalty Corp. who
is involved in executing the exploration programs and providing
technical guidance.
GOLD LINE RESOURCES LTD.
Adam Cegielski
CEO & Director
Neither the TSX Venture Exchange (TSXV) nor its Regulation
Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for
the adequacy or accuracy of the content of this news
release.
FORWARD LOOKING INFORMATION
This news release includes certain statements that constitute
"forward-looking information" within the meaning of applicable
securities law, including without limitation, statements regarding
the Company's intent to undertake significant exploration work on
the Långtjärn Property. Forward-looking statements address future
events and conditions and are necessarily based upon a number of
estimates and assumptions. These statements relate to analyses and
other information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved), and variations of such words, and
similar expressions are not statements of historical fact and may
be forward-looking statements. Reference(s) to nearby development
and exploration projects provide context for Gold Line's
properties, which occurs in a similar geologic setting. However,
this is not necessarily indicative that Gold Line's properties will
host mineralization with similar tonnages or grades.
Forward-looking statements are necessarily based upon a number of
factors that, if untrue, could cause the actual results,
performances or achievements of the Company to be materially
different from future results, performances or achievements express
or implied by such statements. Such statements and information are
based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in
the future, including the price of gold and other metals,
anticipated costs and the ability to achieve goals. While such
estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory
uncertainties and risks. Forward-looking statements are subject to
a variety of risks and uncertainties, which could cause actual
events, level of activity, performance or results to differ
materially from those reflected in the forward-looking statements.
There can be no assurance that planned exploration will be
completed as proposed or at all, or that economic resources will be
discovered or developed at the Property; and there can be no
assurance that the Company will acquire other mineral properties.
Accordingly, actual results may differ materially from those
currently anticipated in such statements. Factors that could cause
actual results to differ materially from those in forward looking
statements include, but are not limited to, continued availability
of capital and financing and general economic, market or business
conditions, market prices, exploration and development successes or
failures, the loss of key directors, employees, advisors or
consultants and fees charged by service providers. Investors are
cautioned that forward-looking statements are not guarantees of
future performance or events and, accordingly are cautioned not to
put undue reliance on forward-looking statements due to the
inherent uncertainty of such statements. The forward-looking
statements included in this news release are made as of the date
hereof and the Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities legislation.
SOURCE Gold Line Resources Ltd.