VANCOUVER, Sept. 28, 2016 /CNW/ - Metallic Minerals Corp.
(TSX-V: MMG; US OTC: MMNGF) (the "Company") is pleased to
announce the appointment of Susan
Craig as Executive Vice President, Scott Petsel as Vice
President, Exploration, and Tim
Thiessen as Chief Financial Officer.
Ms. Susan Craig is a
highly-respected professional geoscientist, who has worked in the
Yukon and BC for over 25 years, on
projects from the exploration and development stage, to
construction and production, and final mine closure. Ms.
Craig's experience includes work with publicly-listed mining
companies, Territorial and Federal Governments, First Nations, and
industry groups.
Ms. Craig successfully led the Environmental Assessment process
for NovaGold's Galore Creek project and played a key role in
establishing the landmark Participation Agreement with the Tahltan
Nation. During her time with Viceroy Resources, Ms. Craig was
part of the team that explored, permitted and developed the Brewery
Creek heap leach gold mine near Dawson
City, Yukon in the early
1990s. In this role, she collaborated with the First Nation
to implement one of the first Socio-economic Accords in all of
Canada. Ms. Craig served for six years as President/CEO and
Director of Northern Freegold and is currently a Director of Yukon
Energy Corporation, the Yukon Mineral Advisory Board, the
Association of Mineral Exploration BC, and the Yukon Chamber of
Mines. Ms. Craig has received a number of awards recognizing
her contributions toward environmental stewardship and sustainable
development, and has been nominated for the Canadian Women in
Mining Trailblazer award.
Mr. Scott Petsel, P.Geo., brings
over 28 years of experience in mineral exploration, mine geology,
project management and advancement from exploration to feasibility.
He has spent more than 18 years working in Alaska and British
Columbia at the Galore Creek project, Donlin Gold project, Alaska-Juneau
mine, Kensington mine, and, most
recently, at the Arctic and Bornite deposits in northern
Alaska. In addition, he has
extensive international exploration experience from his work with
Placer Dome (now Barrick Gold) and
Echo Bay (now Kinross Gold).
Prior to joining Metallic Minerals, Mr. Petsel was Project
Manager of NovaCopper's (now Trilogy Metals) Upper Kobuk Mineral
Project, where he managed the exploration activities that resulted
in the expansion of the resource base by over 5 billion pounds of
copper. During his time with NovaGold and NovaCopper, he played an
integral role as Exploration Manager and Senior Geologist during
the discovery and definition of over 40 million ounces of gold, 150
million ounces of silver and 12 billion pounds of copper. Mr.
Petsel was part of the teams credited with these discoveries that
were awarded the 2009 Thayer Lindsley Award for an International
Mineral Discovery success and the AMEBC 2015 Colin Spence Award for
Excellence in Global Mineral Exploration.
Mr. Tim Thiessen is a Chartered
Accountant with almost 20 years of international accounting and
finance experience, the last 13 years in the mining industry.
His experience includes holding the position of Chief
Financial Officer at three publicly-listed minerals companies:
Foran Mining, SnipGold (recently acquired by Seabridge Gold), and
Aurcana Corporation. Prior to this, Mr. Thiessen spent 7
years as Vice President of Finance for TSX-listed Endeavour
Financial, an advisory firm in the mining industry specializing in
mergers and acquisitions, debt and equity financing. He was part of
a team that spawned industry-leading companies such as Silver
Wheaton, UrAsia Energy, Peak Gold and Coastal Energy Corp. Mr.
Thiessen is a member of the Chartered Professional Accountants of
Canada and has also held positions
as Controller with Endeavour Mining Capital Corp. and as an auditor
for Deloitte LLP, with a focus in the mining and financial services
industries.
Mr. Greg Johnson, CEO and
Chairman of Metallic Minerals, stated, "I am excited to be able to
bring together such an experienced, dynamic and successful
management team to Metallic Minerals. Each of these
individuals shares in the vision of creating value for our
shareholders through an entrepreneurial approach to exploration.
The complementary experience of these accomplished individuals
brings significant depth to our management group. I look
forward to working with the new management team as we build
Metallic Minerals into a leading explorer in the region."
Mr. Greg Johnson further stated,
"The Company would like to thank Mr. Andrew
de Verteuil for his dedication and valuable contributions as
interim CFO of the Company. Mr. de Verteuil will continue to
work with Metallic Minerals and Mr. Thiessen during this
transition."
About Metallic Minerals Corp.
Metallic Minerals Corp. is a growth stage silver and gold
exploration company focused on creating value through a
disciplined entrepreneurial approach to exploration in mining
districts with proven potential for top-tier "company-making"
deposits that remain under-explored. Our core Keno-Lightning
property is located in the historic Keno
Hill silver district of Canada's Yukon
Territory, a region which has produced over 200 million
ounces of silver and currently hosts one of the world's highest
grade silver resources. Metallic Minerals is led by a team
with a track record of discovery and exploration success, including
large scale development, permitting and project financing.
Forward-Looking Statements
Forward Looking Statements: This news release includes
certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical
facts including, without limitation, statements regarding potential
mineralization, historic production, estimation of mineral
resources, the realization of mineral resource estimates,
interpretation of prior exploration and potential exploration
results, the timing and success of exploration activities
generally, the timing and results of future resource estimates,
permitting time lines, metal prices and currency exchange rates,
availability of capital, government regulation of exploration
operations, environmental risks, reclamation, title, and future
plans and objectives of the company are forward-looking statements
that involve various risks and uncertainties. Although Metallic
Minerals believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Forward-looking statements are based on
a number of material factors and assumptions. Factors that
could cause actual results to differ materially from those in
forward-looking statements include failure to obtain necessary
approvals, unsuccessful exploration results, changes in project
parameters as plans continue to be refined, results of future
resource estimates, future metal prices, availability of capital
and financing on acceptable terms, general economic, market or
business conditions, risks associated with regulatory changes,
defects in title, availability of personnel, materials and
equipment on a timely basis, accidents or equipment breakdowns,
uninsured risks, delays in receiving government approvals,
unanticipated environmental impacts on operations and costs to
remedy same, and other exploration or other risks detailed herein
and from time to time in the filings made by the companies with
securities regulators. Readers are cautioned that mineral resources
that are not mineral reserves do not have demonstrated economic
viability. Mineral exploration and development of mines is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on Metallic Minerals and the risks and
challenges of their businesses, investors should review their
annual filings that are available
at www.sedar.com.
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.
SOURCE Metallic Minerals Corp.