VANCOUVER, BC, July 2, 2020 /CNW/ - Heatherdale Resources Ltd.
("Heatherdale" or the "Company") (TSXV: HTR) is pleased to announce
that the Company has started to fill key technical positions,
starting with the appointment of Ryan
Weymark as Vice-President of Project Development.
Additionally, Dr. Jim Oliver has
joined Heatherdale as a technical
advisor and Graham Neale has been
retained as Project Manager for the Niblack Cu-Au-Zn-Ag
Project.
"Mr. Weymark is one of the mining industry's top young
engineers; his strong technical abilities and project management
skills enabled him to quickly grow his boutique consulting firm
where he has provided project management and advisory services to
multiple major companies and high-profile junior developers,"
said Rob McLeod, CEO of
Heatherdale. "Dr. Oliver and Mr. Neale are key for the
technical continuity of the project. Jim's excellent
technical work has resulted in numerous exploration targets that
will be drill tested in the near future. Graham's management
has kept the project turn-key for our next phase of work; his
community outreach, permitting and operational skills are key to
advancing the Niblack Project."
Ryan Weymark, Vice President
of Project Development
Ryan Weymark, P. Eng. is a
third-generation mining professional with experience in mining,
heavy civil and infrastructure projects. Ryan has experience
working on projects as a consultant, contractor and owner's
representative at various stages, including technical
due-diligence, economic studies, permitting and construction.
Mr. Weymark is currently Principal of Weymark Consulting,
providing project management and advisory services in the resource
sector to clients including: Teck Alaska Corp., NexGen Energy Ltd.,
Coeur Mining Inc. and Nyrstar. Ryan worked previously with
Heatherdale's CEO Rob McLeod as Vice President - Project
Development for IDM Mining, until the acquisition by Ascot in
March 2019. Previous to IDM, Mr.
Weymark was a Project Manager with Ledcor Contractors Ltd. in the
Heavy Civil and Mining Division and Teck Resources Ltd. in various
project and operational roles, including: Mine Construction Project
Manager for the Line Creek Phase II Expansion Project and Project
Engineer for the Quintette Coal Operations Project. Prior to Teck,
Mr. Weymark worked for SNC-Lavalin Inc. in the Mining &
Metallurgy Division on various feasibility and pre-feasibility
studies. Mr. Weymark holds a B.A.Sc from the University of British Columbia in Mining and
Mineral Processing and is a registered Professional Engineer with
Engineers and Geoscientists of British
Columbia (EGBC).
Dr. James (Jim) Oliver,
Advisor
Dr. Oliver has over 35 years of exploration experience
specializing in global mineral deposit evaluations and early to
advanced stage project valuations, with particular emphasis on
belt, regional and detailed geological mapping programs,
lithologic, structural and alteration mapping, Archean and
epithermal gold, porphyries, VMS, SedEx and REE mineral systems. He
has worked on five continents, in over 25 countries and examined or
worked on approximately 400 mineral occurrences or deposits. He
served as a Geological Consultant to major mining companies, to
junior companies and to government geological surveys. He is a
committed and energetic explorationist and has a successful track
record advancing early exploration projects to advanced resource
and development stages.
Jim previously spent several years working at the Niblack
project and was part of the team that compiled historic work,
reinterpreted the structural and stratigraphic setting with strong
emphasis on mapping and core logging, developing a robust
structural and metallogenic model for VHMS mineralization on the
Property.
Graham Neale, Project
Manager
Mr. Neale has been Project Manager for the Niblack Project
since Heatherdale acquired the
property in 2009. He oversaw the exploration drilling programs in
2009-2012 and since then has been responsible for project assets
and activities while maintaining positive project standing and
compliance with local, state and federal Native groups,
communities, organizations, businesses and regulatory agencies.
With Niblack as well as consulting for other organizations,
he has cultivated a credible reputation within Alaska and ideally suited for leading
Niblack's continued growth. He has over 25 years of experience in
resources, the last 12 working in mineral exploration in
Alaska.
Stock Options
Concurrent with the above appointments, the board has approved,
authorized and granted 300,000 stock options (the "Stock
Options") under the Company's stock option plan (the
"Stock Option Plan"). The Stock Options have an
exercise price of $0.17, which will
vest quarterly over the next 24 months and have a 5-year term in
accordance with the Stock Option Plan.
About Heatherdale
Heatherdale Resources Ltd. owns 100% of the high-grade Niblack
copper-gold-zinc-silver VMS project, located adjacent to tidewater
in southeast Alaska. For more information on Heatherdale, visit the Company's website at
www.heatherdaleresources.com or contact Rob
McLeod at (604) 617-0616.
On behalf of the Board of Directors
Robert McLeod
Robert McLeod, P.Geo
CEO and Director
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.
Cautionary Note Regarding Forward-Looking Statements:
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur". This
information and these statements, referred to herein as
"forward–looking statements", are not historical facts, are
made as of the date of this news release and include without
limitation, statements regarding future business plans.
These forward–looking statements involve numerous risks
and uncertainties and actual results might differ materially from
results suggested in any forward-looking statements. These risks
and uncertainties include, among other things, market volatility;
the state of the financial markets for the Company's securities;
and changes in the Company's business plans. In making the
forward looking statements in this news release, the Company has
applied several material assumptions that the Company believes are
reasonable, including without limitation, that the Company will
continue with its stated business objectives. Although management
of the Company has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements 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 statements and forward-looking
information. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The Company
does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbor.
For more information on the Company, investors
should review the Company's continuous disclosure filings that are
available at www.sedar.com.
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SOURCE Heatherdale Resources Limited