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HighGold Mining Adds to Senior Management Team and Issues New Stock Options
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) has announced key updates to its senior management team. Devin den Boer has been appointed Vice President Operations in Alaska, bringing 25 years of global mining experience. Ian Cunningham-Dunlop has been promoted to Senior Vice President, Exploration, boasting over 35 years in mineral exploration. The company aims to leverage these appointments to advance its flagship Johnson Tract Project. Additionally, HighGold issued 1,057,500 stock options at an exercise price of C$1.00 per share, subject to regulatory approval.
Positive
Appointment of Devin den Boer as VP Operations, enhancing management expertise.
Promotion of Ian Cunningham-Dunlop to Senior VP Exploration brings extensive experience.
Strengthening of management team aligns with growth strategies at Johnson Tract.
Issuance of stock options provides incentive alignment for directors and management.
Negative
None.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to announce updates to the Company’s Senior Management team, with the appointment of Devin den Boer to the position of Vice President Operations, Alaska and the promotion of Ian Cunningham-Dunlop to Senior Vice President, Exploration.
In step with the evolution and growth of the Company and its flagship Johnson Tract Project, Alaska, HighGold has expanded its senior management team with the objective of maximizing success during the exciting next phases of exploration and advancement at Johnson Tract.
Devin den Boer brings 25 years of global mining industry experience having worked in various senior roles at major mining companies including Kinross, Goldfields, and AngloGold Ashanti. He has led teams in the successful discovery, definition and growth of several multi-million ounce gold deposits in South America, SE Asia, West Africa and Russia. Devin was most recently District Director of Exploration at Kinross where he oversaw resource development and exploration activities, including mine study support, at the Chulbatkan intrusion related gold deposit, in the Far East of Russia. Prior to that at Kinross, Devin held the position of Regional Director of Exploration, Africa Region which included oversight of brownfields exploration at Tasiast in Mauritania. Devin earned a B.Sc. in Geological Sciences from The University of British Columbia and is a P.Geo. in good standing with EGBC.
“We are very pleased to welcome Devin den Boer to the Company,” commented HighGold CEO Darwin Green. “Devin’s global experience advancing major gold projects for senior mining companies will be of tremendous value as we take the Johnson Tract Project forward. The skill set he brings will be an excellent compliment to HighGold’s deep bench of accomplished geoscientists led by Ian Cunningham-Dunlop and supported by a technical advisory team of industry experts.”
“Johnson Tract is one of the most exciting undeveloped high-grade gold projects in North America and I’m thrilled to be joining the top-notch team at HighGold,” commented Devin den Boer. “I look forward to helping advance the project along the path of value creation for the Company and its stakeholders.”
Ian Cunningham-Dunlop has been promoted to Senior Vice President Exploration from Vice President Exploration. Ian has more than 35 years of experience in domestic and international mineral exploration and project development. His discovery record includes involvement in 12 mineral deposits with endowment greater than 1 million ounces gold equivalent (“AuEq”) and a total endowment greater than 45 million ounces AuEq. Major successes include his prior role as VP Exploration for Fronteer Gold, acquired by Newmont in 2011 for CDN$2.3 billion, and the receipt of the AMEBC E.A Scholz award for Excellence in Mine Development in 2003 for his role in adding mineral reserves at the Eskay Creek Mine, British Columbia.
Grant of Stock Options
The Company also announces the issuance of 1,057,500 stock options with an exercise price of C$1.00 per share for the purchase of up to 1,057,500 shares of the Company. The stock options have a five-year term. All the stock options are subject to vesting conditions over a two-year period. The stock options are being issued to directors, officers, employees, technical advisors and consultants of the Company and are subject to approval by regulatory authorities.
About HighGold
HighGold is a mineral exploration company focused on high-grade gold projects located in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in accessible Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Timmins South (Golden Perimeter) properties. HighGold’s experienced Board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.
On Behalf of HighGold Mining Inc.
“Darwin Green”
President & CEO
For further information, please visit the HighGold Mining Inc. website at www.highgoldmining.com.
Additional notes:
Neither 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.
Forward-looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s plans at the Johnson Tract Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
What are the recent management changes at HighGold Mining (HGGOF)?
HighGold Mining has appointed Devin den Boer as Vice President Operations and promoted Ian Cunningham-Dunlop to Senior Vice President, Exploration.
How does Devin den Boer's experience benefit HighGold (HGGOF)?
Devin den Boer brings 25 years of experience from major mining companies, which will enhance HighGold's operational capabilities.
What is the significance of the Johnson Tract Project for HighGold (HGGOF)?
The Johnson Tract Project is HighGold's flagship asset, which is seen as a high-grade gold opportunity in North America, driving exploration and value creation.
What are the details of the stock options issued by HighGold (HGGOF)?
HighGold has issued 1,057,500 stock options with an exercise price of C$1.00 per share, subject to vesting conditions and regulatory approval.
