Elevation Gold Appoints Chief Operating Officer
Elevation Gold Mining Corporation (OTCQX: EVGDF) announced the appointment of Tim J. Swendseid as Chief Operating Officer. With over 35 years of global mining experience, he previously held senior positions at Boroo Mining and CMOC International. Michael G. Allen, President, emphasized Tim's results-driven leadership and expertise in unlocking value at the Moss Mine. Additionally, the company granted stock options for 800,000 shares at C$0.86 each to employees and consultants for five years. Elevation Gold continues its growth strategy focused on production expansion and exploration in Nevada and Arizona.
- Appointment of Tim J. Swendseid as COO brings over 35 years of mining experience.
- Leadership expected to drive value at the Moss Mine and enhance operational effectiveness.
- Grant of stock options to employees indicates commitment to incentivizing the team.
- Focus on new management may cause initial operational disruptions.
- Potential for experience gaps due to transition in leadership.
VANCOUVER, BC, Dec. 9, 2021 /PRNewswire/ - Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation") a U.S. focused gold producer with district scale exploration projects in the Walker Lane Trend of Nevada and Arizona, is pleased to announce the appointment of Tim J. Swendseid as its new Chief Operating Officer.
Mr. Swendseid has over 35 years of worldwide experience in operating, technical and financial aspects of mining projects. Immediately prior joining Elevation, Tim was the Chief Operating Officer of Boroo Mining at the Lagunas Norte operation in Peru. Previously, Mr. Swendseid held senior industry management positions including SVP Operations and Technical at CMOC International, President of Consulting Services, Americas at RPM Global, General Manager for the Mulatos Mine at Alamos Gold, VP Engineering at Frontera Copper and various management and technical roles at Phelps Dodge. Tim holds a B. S. in Mining Engineering from Montana Tech and an MBA from the University of Arizona. Tim is currently a director of SME (Society of Mining, Metallurgy & Exploration, Inc.).
Michael G. Allen, President of Elevation Gold stated, "On behalf of the Board of Directors of Elevation Gold it is my pleasure to welcome Tim to the Elevation Team. Tim is a results-driven leader with proven accomplishments in complex operations. He is a strong mentor and a champion of safe working practices and attitudes. We look forward to adding his strong technical skill set to the team as we unlock value for all stakeholders of the Moss Mine."
Stock Option Grant
The Company reports stock options have been granted to employees, officers, and consultants of the Company to purchase up to an aggregate of 800,000 shares at a price of C
About Elevation Gold Mining
Elevation Gold Mining offers investors a rare combination of cash flow, production, top-tier management, and exceptional exploration potential within two projects on the Walker Lane Gold Trend of western Nevada and Arizona. Management is executing a clear strategy that expands production and resources at the Moss Mine in Arizona while aggressively exploring the Hercules Gold Project in Nevada.
ON BEHALF OF THE BOARD OF ELEVATION GOLD MINING CORPORATION
"Michael G. Allen"
President
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 Statement on Forward-Looking Information
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans with respect to appointing a new Chief Financial Officer. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements.
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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SOURCE Elevation Gold Mining Corp.
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