Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (TSX VENTURE:LKY)
is pleased to announce the strengthening of its technical and management team to
form a well-rounded group of professionals as part of the solid foundation to
capitalize on current and future mining project opportunities.
Ed Ullmer, M.Sc., P.Geo
Senior Geologist, Project Geology Overseer
Mr. Ullmer brings over 40 years of US and international geological exploration
and development experience, including numerous field exploration seasons in
Mongolia. He graduated with a M.S. in geology and a M.Ed. from the University of
Arizona. In addition to working on mining projects, Mr. Ullmer has ten years of
experience as an environmental geologist-hydrologist and a number of years as a
photogeologist engaged in producing geology maps world-wide for mineral and oil
exploration programs. He has accumulated extensive experience having been an
employee for numerous mining companies including Hudson Bay Mining and Smelting,
Union Pacific Railroad, Cerro de Pasco, Rocky Mountain Energy and DeBeers as
well as a mining consultant for 15 years. Mr. Ullmer's field experience
encompasses numerous precious, base metals and energy commodities, including
copper-lead-zinc-silver-molybdenum, uranium, vanadium, diamonds, gold, and coal
at project and senior geologist and lead-geologist levels. His broad field
expertise includes accomplished work in Canada, US, Zambia, Ireland, Peru,
China, and Mongolia. Mr. Ullmer is a Qualified Person as defined by NI 43-101
and has professional geologist certifications with the American Institute of
Professional Geologists (AIPG) and in the States of Wyoming and Nebraska.
Mr. Ullmer will be responsible for overseeing the general progress of Lucky
Strike's exploration programs in Mongolia.
Andrew Frazier, P.Geo.
Geologist, Mongolia Project Supervisor
Mr. Frazier has over a decade of progressive, professional geological experience
in mining, engineering, and environmental practices in all stages of mining,
exploration, mine development and operations, as well as international mine
development experience in Mongolia, Nicaragua and Australia. He was the lead
geologist for Green Diamond Resource Co. for five years. Concurrent with the
fieldwork in Mongolia, Mr. Frazier is completing his thesis on mineral
transportation study for revenue potential of mineral resources in Mongolia to
achieve a M.Sc. degree with the Michigan Technological University. Mr. Frazier
is a Qualified Person as defined by National Instrument 43-101.
Mr. Frazier will be responsible for the on-going day-to-day exploration programs
at the project site in Mongolia.
Don Arsenault, P.Eng., MBA
Senior Mining Engineer, Mongolia Mining Advisor
Mr. Arsenault is a senior mining engineer with over 35 years of experience in
operations management, design, planning and project management of mining
projects in Canada and internationally, including 7 years in Mongolia. Mr.
Arsenault has practical experience in large operations related to uranium and
base metals. In addition, he has held project management responsibilities on a
wide variety of mining engineering projects including due diligence, financial
evaluation, pre-feasibility and feasibility studies. He possesses strong
analytical and communication skills, complemented by the hands-on experience
necessary to manage projects in developing mining markets such as China and
Mongolia.
Mr. Arsenault will be advising Lucky Strike on developing mining projects in
Mongolia.
John Wong, P.Eng.
Senior Mechanical Engineer, Power Engineering Specialist
Mr. Wong is a power plant specialist, has over 34 years of engineering and
project management experience related to steam, power process, and industrial
power generation. Mr. Wong was responsible for the development, engineering,
design, construction supervision, commissioning and start-up of numerous power
generation projects in Canada and China. He developed a multiphase power plant
of 120 MW in the first phase and 390 MW in the expansion in Yongxing County,
Hunan province, China. The plant is environmental friendly in desulfurization.
As a mechanical engineer, Mr. Wong has extensive industrial experience including
performing energy audits, steam and power balances, power plant major equipment
sizing and selection, boiler modifications, pressure vessel design and power
piping systems in the industrial, petrochemical and electric power facilities.
Mr. Wong will be advising Lucky Strike on the feasibility of power plant
development.
Xin Ping Qin, Mining Engineer
Senior Coal Mining Specialist
Mr. Qin, with more than 20 years of underground coal mining engineering, was the
president of the Guangxi Industrial Design Institute. He is a leader in
technical skills, mine planning and project management, has overseen more than
200 mining professionals. Mr. Qin is a graduate of the Jiaozuo Mining Institute
in underground coal mining engineering in 1982. Mr. Qin is an expert in
troubleshooting mining problems and the design of coal mines. His project
development skills along with his excellent interpersonal skills and great
understanding of the Asian culture will assist the Company in playing a
significant role in the growth of coal production in Mongolia and China.
Mr. Xin will be advising Lucky Strike on coal project feasibility study.
Xu Hao, B.Sc., MBA
Senior Process Engineer, Project Management Advisor
Mr. Xu Hao has more than 25 years of Mining and Mineral Processing project
management experience including consulting in Mongolia. Recently, he has been
providing professional services to Central China Goldfield, Silver Dragon and
Chifeng Yinfeng Mine. As the China Area Manager for Ausenco Ltd., Mr. Xu worked
on numerous projects including gold study for Black Dragon, silver study for
Silver Dragon Erbahuo, gold project coordination for Mundoro Maoling, Ying due
diligence for Silvercorp, copper due diligence for Qulong and Jiama, evaluation
for Zibo Rare Earth Metallurgical Plant and management for Jinfeng Gold project.
In addition, he has provided Project Management Consultant services for PNG
Chromate and Cayman Alumina Refinery Projects. Well versed in English, Mr. Xu
Hao has carried out consulting services to international and Chinese companies
including Beijing Zhuangding Technology Ltd, Wogen of UK, Outokumpu AG of
Sweden, Seimens AG of Germany, Beijing General Iron and Steel Research
Institute.
Mr. Xu Hao will be reviewing the constructability and development of mining
exploration projects.
Jasman Yee, P.Eng.
Senior Mineral Processing Engineer, Technical Advisor
Mr. Yee is a mineral processing engineer with over 35 years of operational,
managerial, engineering and consulting experience in the processing of precious
and complex base metal ores within North America and abroad. He is currently the
director of Avino Silver and Gold Mines Ltd and has held senior positions with H
A. Simons, Bateman Engineering and Bacon Donaldson & Associates. He has
commissioned and started up mines for Falconbridge Copper in Ontario, Canada
Wide in Gays River, Nova Scotia, Erickson Gold Mines in Cassiar, BC and the
autoclave restart for the Con Mine in Yellowknife, NWT. In addition, he has
provided operational assistance and guidance at the Campbell Mine in Red Lake,
Ontario during their switchover from roasting to autoclaving for their gold
flotation concentrates. Mr. Yee is presently providing technical assistance to
several mining operations in Canada and Mexico.
Mr. Yee will be advising Lucky Strike on technical issues in Mongolia.
Baatarjav Bat-Amgalan, Senior Counsel
Mongolia Advisor
Mr. Bat-Amgalan is a proficient senior counsel of business development in
Mongolia where he has been awarded the Order of the Polar Star by the President
of Mongolia in 2010, for his contribution to the development of history and
cultural heritage of the nation. With more than 15 years of experience in
natural resource development, Mr. Bat-Amgalan has contributed significantly to
the development of the Erel Gold Mining Group and to the establishment of strong
Canada-Mongolia relationships for Ivanhoe Mines. Mr. Bat-Amgalan's regional
network and understanding of the Mongolian culture is a key factor in Lucky
Strike's capacity to develop its assets and unlock their full value.
Mr. Bat-Amgalan will assist Lucky Strike in its on-going progress of developing
projects in Mongolia.
Patricia Wilson, Director & Senior Company Executive
Chief Financial Officer
Ms Wilson has in-depth experience in operating a public company, having served
Lucky Strike in various progressive positions as Chief Financial Officer,
Corporate Secretary, Treasurer, and Director of Lucky Strike over the course of
the past 20 years. Ms Wilson was the CEO of Lucky Strike between 2002 and 2010.
She has a proven track record of delivery and a strong sense of obligations and
duties. Her solidness in her dedication towards the building of Lucky Strike
over a prolonged period of time has demonstrated commitment as the Company
charters ahead in its critical stage of expansion with the assembly of project
assets and people. Lucky Strike needs an assurance of delivery through confirmed
sustainability. Ms Wilson replaces Mr. Danny Hon whom the Company thanks for his
contribution and wishes to success in continuing his endeavours.
Ms Wilson will oversee financial and corporate compliance of the Company to meet
regulatory requirements.
Jennifer Singh, Project Construction Management
VP Corporate Communications
Ms Singh has over 15 years of extensive industry experience in the fields of
construction, civil/structural engineering, public relations, marketing and
promotions. Projects include upgrading fuel systems across Canada for TELUS
Communications, building student housing for Macquarie University in Australia,
scheduling/estimating major projects for BC Hydro - Transmission Engineering,
and facilitating community events and corporate fundraisers. Her experience and
qualifications in safety were crucial for developing and implementing safety
procedures for major construction companies in Vancouver, Canada, and Sydney,
Australia. Working in diverse industries ranging from construction to community
services, she has developed skills in business development, strategic planning,
networking and assisting in corporate compliance. Ms Singh is a Technologist in
Civil/Structural Engineering and she is currently completing her degree in
Construction Management.
Ms Singh will communicate with the shareholders of Lucky Strike and to bring
market awareness of the Company's development to the financial community.
Summary
The Company also announces that, subject to regulatory approval, it has granted
to the employees, consultants, officer and director 480,000 stock options
exercisable at $0.80 per share for a period of five (5) years, subject to a
vesting period of 36 months.
2011 is the significant foundation-building year for Lucky Strike as the Company
is assembling project assets and people, and developing market awareness. Lucky
Strike is a fundamentally strong, grounded group of professionals dedicated to
the growth of the Company through sheer hard work in the development of solid
assets.
ON BEHALF OF LUCKY STRIKE RESOURCES LTD.
Cathy Fong, P.Eng, Chairman & CEO
This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.
This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things as
the completion of the acquisition of the properties described above, potential
future exploration activities on such properties, the completion of technical
reports in respect of such properties, future business strategy, competitive
strengths, goals, expansion, growth of the Company's businesses, operations,
plans and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government regulation
of exploration and mining operations, environmental risks, title disputes or
claims, limitations on insurance coverage, timing and possible outcome of any
pending litigation and timing and results of future resource estimates or future
economic studies.
Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "planning", "planned", "expects" or "looking forward",
"does not expect", "continues", "scheduled", "estimates", "forecasts",
"intends", "potential", "anticipates", "does not anticipate", or "belief", or
describes a "goal", or variation of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved.
Forward-looking statements are based on a number of material factors and
assumptions, including the results of the Company's due diligence investigations
in respect of the transaction, that the Sellers perform their obligations under
the Definitive Agreements, receipt of all necessary regulatory approvals,
including that of the TSX Venture Exchange, the result of drilling and
exploration activities, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for exploration is available as
scheduled and does not incur unforeseen break downs, that no labour shortages or
delays are incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory and other
related services are available and perform as contracted. Forward-looking
statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
interpretation and actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices of minerals;
possible variations in grade or recovery rates; failure of equipment or
processes to operate as anticipated; the failure of contracted parties to
perform; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company's publicly filed
documents. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, 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 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.
Lucky Minerals (TSXV:LKY)
Historical Stock Chart
From Apr 2024 to May 2024
Lucky Minerals (TSXV:LKY)
Historical Stock Chart
From May 2023 to May 2024
