Mr. Clifford D. Nelson Jr. Appointed Chief Executive Officer of Silver Predator
July 31 2014 - 8:30AM
Business Wire
Silver Predator Corp. (TSX.V:SPD) (the “Company)
is pleased to announce the appointment of Mr. Clifford D. Nelson
Jr. as Chief Executive Officer & Director of Silver Predator
Corp. Mr. Nelson brings a wealth of experience in the industry
having operated a variety of projects ranging in size from the 150
tpd Nixon Fork, Alaska operation to the 40,000 tpd Robinson, Nevada
operation. Mr. Nelson’s appointment follows the resignation of Mr.
Nathan A. Tewalt who has stepped down in order to pursue personal
business interests. Mr. Tewalt will remain a valued technical
advisor and will continue to serve on the Board of Directors.
“Cliff is the premier choice to lead the company with its focus
now clearly on the Springer tungsten asset. His knowledge of the
Springer project combined with his accomplishment in advancing nine
mines to production will serve us well,” said William M. Sheriff,
Chairman. “At the same time I extend my sincere thanks to Nate both
personally and on behalf of the Board for his successful management
of the Company since its merger with Nevgold Resource Corp. His
work to expand the knowledge base surrounding the Taylor project
has created enhanced opportunity for the project, and I am
appreciative his advice will continue to be available to the
Company at both the Board and technical level.”
Mr. Clifford D. Nelson Jr.
Mr. Nelson has served as President of Springer Mining Company (a
100%-owned subsidiary of Silver Predator) since 2013. He previously
served as Vice President Operations at Comstock Mining, Inc., from
2011 to 2013, where he designed, built and commissioned
their crusher, heap leach and Merrill Crowe plant. Mr. Nelson
has also served as Chief Operating Officer and Executive Vice
President of Operations at Golden Predator Corp. from 2009 to 2011.
From 2007 to 2009 he was the General Manager of the Springer Mining
Company. He has worked with Inspiration Resources (division of
Anglo American plc), BHP, Magma Copper Company, West Gold’s Nome
Offshore Placer Project and St. Andrew Goldfields. Mr. Nelson
received his B.Sc. in Metallurgical Engineering and Materials
Science from Michigan Technological University.
About Silver Predator Corp.
Silver Predator’s corporate mandate is to advance its Springer
Tungsten Mine and Mill Complex in Nevada to production through a
joint venture arrangement. A PEA completed on current resources of
355,000 Indicated tons at an average grade of 0.537% containing
190,635 STU's of WO3 and 1,933,600 Inferred tons at an average
grade of 0.493% containing 952,326 STU's of WO3 indicates an IRR of
47% after tax with an estimated capex of 29.8 million dollars(1).
The Springer facility was originally constructed and operated by
General Electric Corp. in the late 1970’s and early 1980’s when the
project was put on care and maintenance due to low tungsten prices.
The mill was modernized by Golden Predator Corp. in 2007-2008. The
facility could be production capable within 12 months of a capital
commitment. Approximately $100 million dollars has cumulatively
been invested by all companies in the construction and
modernization of the mine and mill.
The Company also holds the Taylor silver-gold project in Nevada.
The Taylor project hosts a current resource estimate(2), is open to
expansion, and is located in a district that has identified the
potential for discovery of additional silver and gold deposits.
Mr. Mike Maslowski, CPG, a Qualified Person as defined by
National Instrument 43-101 and a consultant for the Company, has
reviewed, verified and approved disclosure of the technical
information contained in this news release.
For additional information: William M. Sheriff,
Chairman(208) 635
5415info@silverpredator.comwww.silverpredator.com
References:
1) National Instrument 43-101 Technical Report; Preliminary
Economic Assessment of the Springer Tungsten Mine Pershing County,
Nevada, by Associated Geosciences Ltd. dated December 31, 2013 (and
effective August 20, 2012) filed on SEDAR. The preliminary economic
assessment is preliminary in nature, it includes inferred mineral
resources that are considered too speculative geologically to have
the economic considerations applied to them that would enable them
to be categorized as mineral reserves, and there is no certainty
that the preliminary economic assessment will be realized;
2) NI 43-101 Technical Report; NI 43-101 of the Taylor Silver
Project, White Pine County, Nevada, USA by Thomas H. Chadwick, Dean
D. Turner, and Patrick J. Hollenbeck dated March 18, 2013 filed on
SEDAR.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance. There are numerous risks and uncertainties that could
cause actual results and Silver Predators’ plans and objectives to
differ materially from those expressed in the forward-looking
information. Actual results and future events could differ
materially from those anticipated in such information. These and
all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, Silver Predator assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
Silver Predator Corp.William M. Sheriff,
208-635-5415Chairmaninfo@silverpredator.comwww.silverpredator.com
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