Avidian Restructures Management to Capitalize on Experience of Directors and Officers
TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSX-V:AVG) (the “Corporation” or “Avidian”) is pleased to announce the following internal management restructuring to capitalize on the strengths and experience of Directors and Officers that are currently active in the Corporation. The appointments focus on optimizing technical and financial strengths as well as increasing the Corporation’s profile in both the domestic & international markets.
Effective March 20, 2018, Mr. James Polson, currently a Director of the Corporation, has been appointed as the Chief Executive Officer. Mr. Polson is an MBA graduate of the University of Western Ontario, Richard Ivey School of Business and studied Mechanical and Mechatronic Engineering at both the University of Tasmania and Deakin University in Australia. Prior to his current posting he was CEO of a Hong Kong based Construction and Mining Services company and co-founder of AIDD Group. AIDD went on to become the leading international mining service group in the Northeast and Central Asian regions, offering a broad range of services from basic exploration drilling through to contract mining and HSE training and certification services. Mr. Polson, who resides in Hong Kong, will greatly enhance Avidian’s exposure to the far east and European markets as well as bring additional strength to the marketing, strategic vision and sustainability practices of the corporation.
Mr. Dino Titaro, who resides in Toronto and is currently a Director, will remain as President and continue to oversee the corporate and technical aspects of the Corporation. Mr. Titaro is a geologist with an MSc degree in economic geology from the University of Western Ontario and has over 35 years of international experience in the mining and exploration sector as well as corporate public company experience. He is co-discoverer of two gold deposits; a European gold-copper deposit that contains a measured plus indicated resource of 7.1 Moz Au and 1.4 billion pounds of copper, that is in the permitting stage, and a 1.0 Moz gold deposit in Brazil that is currently in production. He is a Qualified Person as defined by National Instrument 43-101 and is registered as a P.Geo in Ontario. He currently sits on the board of directors of Yamana Gold Inc., a publicly listed TSX mining company as well as two private resource exploration/development companies.
Avidian also wishes to announce that Mr. David Anderson, currently a Director, has been appointed as Chairman of the Board. Mr. Anderson has over 40 years’ experience in the exploration industry and was a founding shareholder of Quantec Geoscienes Ltd, QGX Ltd. a junior exploration company focused on mineral exploration in Mongolia and Antares Minerals Inc. a junior exploration company focused on Argentina and Peru. Both QGX and Antares were sold to major mining companies after successfully discovering economic mineral deposits.
Mr. Giulio Bonifacio remains as a Director. Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry. Mr. Bonifacio is the founder and director of Nevada Copper. Mr. Bonifacio was the President and CEO of Nevada Copper from 2006 to February 2018. Among his many accomplishments Mr. Bonifacio has raised directly over $600 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars. Mr. Bonifacio has led efforts at every stage of development from exploration, development, permitting and construction. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions. Mr. Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer, and Vengold Inc., a gold producer, prior to founding Nevada Copper in 2005.
Mr. Victor Bradley continues as a Director and interim CFO until a replacement CFO is appointed. Mr. Bradley is a chartered accountant with more than 50 years’ experience in the mining industry. Over the past 30 years Vic has founded, financed and operated several mining and advanced stage exploration and development companies, including Yamana Gold Inc., Aura Minerals Inc. and Nevoro Inc. (sold to Starfield Resources). He now serves as a director of Osisko Gold Royalties Ltd.
About Avidian Gold
The Corporation is an exploration and development company whose primary business interest is in four advanced gold properties located in the USA: the Golden Zone and Amanita properties, situated in south–central Alaska, and the Jungo and Dome Hill properties located in Nevada, each held 100% by the Corporation. The Golden Zone property hosts a NI 43-101 (2017) Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). The deposit is exposed on surface and is open at depth and along strike. Avidian also holds a 100% interest in the Strickland massive sulphide property located in Newfoundland, Canada.
Additional detailed information on the Golden Zone Property can be found in the Technical report dated August 17, 2017 prepared by Leon McGarry, B.Sc., P.Geo and Ian D. Trinder, M.Sc., P.Geo (the “Technical Report”) that has been posted on SEDAR.
Further details on the Corporation and the individual projects can be found on the Corporation’s website at www.avidiangold.com.
Any technical information contained in this news release has been approved by Dino Titaro, P.Geo., President Exploration of Avidian, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
ON BEHALF OF THE BOARD
Dino Titaro, President
Tel. +1 (647) 283 7600
The TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this news release. The management appointment of Mr. Polson is subject to TSXV approval.
Forward-Looking Statements: This press release includes certain statements that may be deemed "forward- looking statements". Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other similar words, or statements that certain events or conditions “may” or “will” occur. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward-looking statements. Although the Corporation 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward- looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
