GoldMining Announces Appointment of Tim Smith as Vice President Exploration and CEO of U.S. GoldMining Inc.
GoldMining Inc. has appointed Tim Smith as Vice President Exploration and CEO of its newly established subsidiary, U.S. GoldMining Inc., dedicated to advancing the Whistler gold-copper project in Alaska. Smith brings over 25 years of experience, including leadership roles at Kaminak Gold and Newmont. His track record includes leading the acquisition of the Coffee Gold Deposit for C$520 million in 2016. This leadership change is expected to enhance the company’s exploration efforts and shareholder value through the development of key assets in the Americas.
- Tim Smith has over 25 years of mineral exploration experience, enhancing leadership quality.
- Smith led the team responsible for the C$520 million acquisition of the Coffee Gold Deposit, showcasing a strong track record.
- The creation of U.S. GoldMining Inc. aims to focus resources on advancing the Whistler project in Alaska, potentially unlocking significant value.
- Concerns may arise regarding continuity and the adaptation period for the new CEO.
- Tim Smith's effectiveness in advancing projects in a new company structure is yet to be demonstrated.
VANCOUVER, BC, April 7, 2022 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce the appointment of Tim Smith as Vice President Exploration of the Company and as Chief Executive Officer ("CEO") of U.S. GoldMining Inc. ("U.S. GoldMining"), its recently created subsidiary that will be focused on advancing the Company's Whistler gold-copper project, located in Alaska, USA.
Alastair Still, Chief Executive Officer of GoldMining commented: "With a proven and successful track record of exploring for gold systems globally for more than 25 years, including as Vice President Exploration for Kaminak Gold where he led the team at the Coffee Gold Deposit in Yukon, Canada and which was acquired by Goldcorp for C
Tim Smith commented: "With an impressive portfolio of gold and gold-copper assets located throughout the Americas, including many with untested exploration potential, I am excited to be joining the GoldMining team. Especially when combined with the opportunity to develop and lead a team to advance and explore the Whistler project in Alaska, the potential to create and add value for our shareholders is compelling and I enthusiastically look forward to leading the next exciting phase of growth for the Company."
Mr. Smith has more than 25 years mineral industry exploration and mining experience, principally exploring for gold mineral systems including orogenic lode gold, porphyry, intrusion related and volcanogenic massive sulphide systems at locations throughout Australia and Canada. Mr. Smith is experienced in exploration project management from generative greenfields to deposit drill-out to feasibility studies. Mr. Smith has a track record of discovery of major gold systems including as Vice President Exploration for Kaminak Gold Corporation where he led the team at the Coffee Gold Deposit in Yukon, Canada and which was acquired by Goldcorp Inc., for C
Mr. Smith is a Registered Professional Geoscientist with Professional Geoscientists Ontario and Engineers and Geoscientists British Columbia and holds a Bachelor of Science and Master of Science in Geology from University of Canterbury, New Zealand. Mr. Smith was a co-recipient of the Association for Mineral Exploration British Columbia H.H "Spud" Huestis Award for excellence in prospecting and mineral exploration in 2013, for the drill discovery of the Coffee Gold Deposit.
The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns 20 million shares of Gold Royalty Corp. (NYSE American: GROY).
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its plans to advance and de-risk its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2020, and other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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SOURCE GoldMining Inc.
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