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Dr. Iliya Garkov, Dundee Precious Metals' Chief Operating Officer, Joins Galloper Gold Board of Directors

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Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) announces the appointment of Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer of Dundee Precious Metals, to its Board of Directors. Dr. Garkov brings over 30 years of international mining experience and has been instrumental in transforming DPM's Chelopech mine and successfully commissioning the Ada Tepe mine. He replaces Mr. Rav Mlait, who will continue as Corporate Secretary. The company recently completed its first diamond drilling program at the Glover Island Property in Newfoundland since 2012, with results pending.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) annuncia la nomina di Dr. Iliya Garkov, Vicepresidente Esecutivo e Chief Operating Officer di Dundee Precious Metals, nel suo Consiglio di Amministrazione. Il Dr. Garkov porta con sé oltre 30 anni di esperienza internazionale nel settore minerario ed è stato fondamentale nella trasformazione della miniera di Chelopech di DPM e nel successo della messa in servizio della miniera di Ada Tepe. Sostituisce il sig. Rav Mlait, che continuerà a ricoprire il ruolo di Segretario Aziendale. L'azienda ha recentemente completato il suo primo programma di perforazione a diamante presso la Proprietà Glover Island in Newfoundland dal 2012, con risultati in attesa.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) anuncia el nombramiento de Dr. Iliya Garkov, Vicepresidente Ejecutivo y Director de Operaciones de Dundee Precious Metals, en su Junta Directiva. El Dr. Garkov aporta más de 30 años de experiencia internacional en minería y ha desempeñado un papel fundamental en la transformación de la mina Chelopech de DPM y en la exitosa puesta en marcha de la mina Ada Tepe. Reemplaza al Sr. Rav Mlait, quien continuará como Secretario Corporativo. La empresa completó recientemente su primer programa de perforación con diamante en la Propiedad de Glover Island en Newfoundland desde 2012, con resultados pendientes.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF)는 Dr. Iliya Garkov를 이사회 이사로 임명했다고 발표했습니다. Dr. Garkov는 Dundee Precious Metals의 부사장 및 COO로서 30년 이상의 국제 광산 경험을 가지고 있으며, DPM의 Chelopech 광산을 변화시키고 Ada Tepe 광산을 성공적으로 가동하는 데 중요한 역할을 했습니다. 그는 Rav Mlait 씨를 대신하게 되며, Mlait 씨는 계속해서 회사 비서직을 맡게 됩니다. 이 회사는 2012년 이후 Newfoundland의 Glover Island Property에서 첫 번째 다이아몬드 드릴링 프로그램을 최근에 완료했으며 결과를 기다리고 있습니다.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) annonce la nomination de Dr. Iliya Garkov, Vice-président exécutif et directeur des opérations de Dundee Precious Metals, au sein de son Conseil d'administration. Le Dr. Garkov apporte plus de 30 ans d'expérience internationale dans le secteur minier et a joué un rôle clé dans la transformation de la mine de Chelopech de DPM et la mise en service réussie de la mine d'Ada Tepe. Il remplace M. Rav Mlait, qui continuera à exercer la fonction de secrétaire d'entreprise. L'entreprise a récemment terminé son premier programme de forage diamanté sur la Propriété de Glover Island à Terre-Neuve depuis 2012, les résultats étant en attente.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) gibt die Ernennung von Dr. Iliya Garkov, Executive Vice President und Chief Operating Officer von Dundee Precious Metals, in seinen Vorstand bekannt. Dr. Garkov bringt über 30 Jahre internationale Erfahrung im Bergbau mit und war maßgeblich an der Umgestaltung der Chelopech-Mine von DPM und der erfolgreichen Inbetriebnahme der Ada Tepe-Mine beteiligt. Er ersetzt Herrn Rav Mlait, der weiterhin als Unternehmenssekretär fungieren wird. Das Unternehmen hat kürzlich sein erstes Diamantbohrprogramm in der Glover Island Property in Neufundland seit 2012 abgeschlossen, die Ergebnisse stehen noch aus.

Positive
  • Appointment of highly experienced mining executive Dr. Garkov with proven track record in mine development
  • Strategic addition of expertise from a $2.5B market cap company (Dundee Precious Metals)
  • Recent completion of first diamond drilling program since 2012 at Glover Island
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") is pleased to announce that Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer for Dundee Precious Metals Inc. (TSX: DPM), has joined Galloper's Board of Directors.

Dr. Garkov has over three decades of international mining experience in Bulgaria, Australia and Armenia. Since 2003, when Dundee Precious Metals acquired its assets in Bulgaria, he has held a number of leadership roles within the company and was appointed to his current position in February 2024, helping grow DPM's profitability and its market capitalization to approximately $2.5 billion.

Dr. Garkov was a key contributor to the transformation of DPM's Chelopech mine into a world-class mining operation and the successful commissioning and ramp-up of the Ada Tepe mine. He has also led the company's exploration activities in Bulgaria and Serbia.

Galloper's CEO, Mr. Hratch Jabrayan, commented: "I am delighted that Iliya has joined our Board as we continue the process of turning Galloper into a leading junior gold company in Newfoundland with our flagship Glover Island asset. Iliya is highly regarded in the sector and will bring invaluable new expertise to Galloper to help us take Glover Island to the next level."

Dr. Garkov commented: "Glover Island is in a prolific geological setting for gold in a rapidly growing mining area of Western Newfoundland where there are a variety of deposit types and an important new gold mine (Valentine) slated for production next year.

"I'm looking forward to assisting Hratch and the Galloper team to help unlock the value of Glover Island where over 100 historical drill holes, plus Galloper's recently completed first drill holes, provides us with a wealth of information to build a robust and effective exploration model aimed at making a significant new discovery."

Dr. Garkov has a PhD in mining engineering from the University of Mining and Geology St. Ivan Rilski in Bulgaria and is a graduate of the London Business School Senior Executive Programme.

To make room for Dr. Garkov on the Galloper Board, Mr. Rav Mlait has resigned as a Director of the Company. Galloper thanks Mr. Mlait for his contributions as a Director. He continues to serve as Galloper's Corporate Secretary.

Figure 1 - "Four Corners" Mining Region of Western Newfoundland

Investors are cautioned that mineralization on adjacent properties is not necessarily indicative of the mineralization at Glover Island or the potential for a resource.

CEO Hratch Jabrayan Video Profile

Click on the following link to learn more about Hratch, Galloper Gold's new CEO.

https://vimeo.com/1007433600/031f977268

Figure 2 - Glover Island Property Map

Acknowledgment - Newfoundland & Labrador Junior Exploration Assistance Program

Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its flagship Glover Island Property, 24 km southeast of Corner Brook, and its Mint Pond prospect in the Gander area. Galloper recently completed the first diamond drilling program at Glover Island since 2012, completing six holes with results pending.

For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of Directors,

Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.

Company Contact:

info@gallopergold.com
Tel: 778-655-9266

Investor Relations:
MarketSmart Communications
Tel: 877-261-4466

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.

Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Galloper Gold Corp.



View the original press release on accesswire.com

FAQ

Who is the new board member appointed to Galloper Gold (GGDCF) in November 2024?

Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer of Dundee Precious Metals, was appointed to Galloper Gold's Board of Directors.

What is the current status of Galloper Gold's (GGDCF) Glover Island drilling program?

Galloper Gold recently completed six diamond drill holes at Glover Island, the first drilling program since 2012, with results pending.

What experience does Dr. Garkov bring to Galloper Gold (GGDCF)?

Dr. Garkov brings over three decades of international mining experience from Bulgaria, Australia, and Armenia, including successful transformation of DPM's Chelopech mine and Ada Tepe mine commissioning.

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