Sun Summit Announces Management Changes
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has announced significant management changes. Niel Marotta has been appointed as the new CEO and Director, while Sharyn Alexander will transition from President to Project Advisor. Marotta brings extensive experience as a former fund manager at Fidelity Management and Research Company, where he managed over $1 billion in portfolios, including the Fidelity Select Gold Portfolio.
Alexander, who joined in 2019 as VP of Technical Services and became President in 2021, will continue contributing to project planning and strategic decisions. Marotta's appointment comes at a strategic time following the company's high-grade gold discovery at the JD property in late 2024. The company plans an aggressive exploration program in the Toodoggone district of northern British Columbia, where their JD and Theory properties are located.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) ha annunciato significativi cambiamenti nella gestione. Niel Marotta è stato nominato nuovo CEO e Direttore, mentre Sharyn Alexander passerà da Presidente a Consulente di Progetto. Marotta porta un'ampia esperienza come ex gestore di fondi presso Fidelity Management and Research Company, dove ha gestito portafogli per oltre 1 miliardo di dollari, incluso il Fidelity Select Gold Portfolio.
Alexander, che è entrata nel 2019 come VP dei Servizi Tecnici e è diventata Presidente nel 2021, continuerà a contribuire alla pianificazione dei progetti e alle decisioni strategiche. La nomina di Marotta arriva in un momento strategico dopo la scoperta di oro ad alto grado della compagnia nella proprietà JD alla fine del 2024. L'azienda prevede un programma di esplorazione aggressivo nel distretto di Toodoggone, nel nord della Columbia Britannica, dove si trovano le loro proprietà JD e Theory.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) ha anunciado cambios significativos en la gestión. Niel Marotta ha sido nombrado nuevo CEO y Director, mientras que Sharyn Alexander pasará de Presidenta a Asesora de Proyectos. Marotta aporta una amplia experiencia como ex gerente de fondos en Fidelity Management and Research Company, donde gestionó más de 1 mil millones de dólares en carteras, incluyendo el Fidelity Select Gold Portfolio.
Alexander, quien se unió en 2019 como VP de Servicios Técnicos y se convirtió en Presidenta en 2021, seguirá contribuyendo a la planificación de proyectos y decisiones estratégicas. La designación de Marotta llega en un momento estratégico tras el descubrimiento de oro de alta calidad de la compañía en la propiedad JD a finales de 2024. La empresa planea un programa de exploración agresivo en el distrito de Toodoggone, en el norte de Columbia Británica, donde se encuentran sus propiedades JD y Theory.
선 서밋 미네랄스 (TSXV: SMN) (OTCQB: SMREF)가 중요한 경영 변화를 발표했습니다. 닐 마롯타가 새 CEO 겸 이사로 임명되었고, 샤린 알렉산더는 사장에서 프로젝트 자문으로 전환하게 됩니다. 마롯타는 피델리티 자산 관리 및 연구 회사의 전 펀드 매니저로서 10억 달러 이상의 포트폴리오를 관리한 폭넓은 경험을 가지고 있습니다. 여기에는 피델리티 선택 금 포트폴리오도 포함되어 있습니다.
2019년 기술 서비스 부사장으로 합류하여 2021년에는 사장이 된 알렉산더는 프로젝트 계획 및 전략적 결정에 계속 기여할 것입니다. 마롯타의 임명은 2024년 말 JD 부동산에서 회사의 고도 금 발견 이후 전략적인 시기에 이루어졌습니다. 회사는 그들의 JD 및 이론 부동산이 위치한 브리티시컬럼비아 북부의 투도고네 구역에서 공격적인 탐사 프로그램을 계획하고 있습니다.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) a annoncé des changements significatifs au sein de sa direction. Niel Marotta a été nommé nouveau PDG et directeur, tandis que Sharyn Alexander passera de présidente à conseillère de projet. Marotta apporte une vaste expérience en tant qu'ancien gestionnaire de fonds chez Fidelity Management and Research Company, où il a géré plus d'un milliard de dollars de portefeuilles, y compris le Fidelity Select Gold Portfolio.
Alexander, qui a rejoint l'entreprise en 2019 en tant que VP des services techniques et est devenue présidente en 2021, continuera de contribuer à la planification de projets et aux décisions stratégiques. La nomination de Marotta intervient à un moment stratégique après la découverte d'or de haute qualité de l'entreprise sur la propriété JD à la fin de 2024. L'entreprise prévoit un programme d'exploration agressif dans le district de Toodoggone, dans le nord de la Colombie-Britannique, où se trouvent ses propriétés JD et Theory.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) hat bedeutende Änderungen im Management bekannt gegeben. Niel Marotta wurde zum neuen CEO und Direktor ernannt, während Sharyn Alexander vom Präsidenten zur Projektberaterin wechselt. Marotta bringt umfangreiche Erfahrungen als ehemaliger Fondsmanager bei Fidelity Management and Research Company mit, wo er über 1 Milliarde Dollar in Portfolios verwaltete, einschließlich des Fidelity Select Gold Portfolios.
Alexander, die 2019 als VP für technische Dienstleistungen einstieg und 2021 Präsidentin wurde, wird weiterhin zur Projektplanung und strategischen Entscheidungen beitragen. Marottas Ernennung erfolgt zu einem strategischen Zeitpunkt nach der Entdeckung von hochgradigem Gold im JD-Projekt Ende 2024. Das Unternehmen plant ein aggressives Erkundungsprogramm im Toodoggone-Bezirk im Norden von British Columbia, wo sich die JD- und Theory-Eigentümer befinden.
- Recent high-grade gold discovery at JD property in late 2024
- New CEO brings significant financial expertise with $1B+ portfolio management experience
- Strategic properties located in the emerging Toodoggone mining district
- Planned aggressive exploration program for 2024
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce the appointment of Mr. Niel Marotta as the Company's new Chief Executive Officer ("CEO") and Director, effective immediately. The Company also announces that Ms. Sharyn Alexander will step down as President and transition into a new role as Project Advisor, where she will continue to contribute her expertise to project planning and strategic decision-making.
Ms. Alexander joined Sun Summit in 2019 as VP of Technical Services and was appointed President in 2021. During her tenure, she played a pivotal role in advancing the Company's projects in British Columbia's highly prospective mining regions, building strong relationships within the industry, and strengthening the Company's technical capabilities. Her leadership has been instrumental in positioning Sun Summit for future growth, and the Board of Directors extends its heartfelt appreciation for her dedication and achievements.
The appointment of Mr. Marotta marks an exciting new chapter for Sun Summit. Mr. Marotta brings an exceptional track record of leadership, investment expertise, and entrepreneurial success. He was a top-performing fund manager at Fidelity Management and Research Company (FMR Co.) in Boston, where he managed a portfolio of over
"I am very excited to work with the deeply experienced board, advisory team, and strong technical team at Sun Summit Minerals. The Toodoggone district in mining-friendly northern British Columbia is quickly becoming one of the most prolific exploration areas in Canada. Sun Summit's JD and Theory properties are strategically located and have the identical geological prowess of neighboring properties where recent discoveries are prominent. This provides an immediate opportunity to enhance shareholder value," said Niel Marotta. "The outlook for precious metals prices remains very positive, and the divergence between rising gold prices and the valuations of precious metals equities has never been greater, further reinforcing the opportunity to create value for Sun Summit shareholders."
"On behalf of the Board of Directors of Sun Summit Minerals, I would like to welcome Niel in his appointment as CEO and Director," said Brian Lock, Executive Chairman of Sun Summit. "We believe the timing of the appointment is at a perfect junction given the excitement surrounding the recent discoveries in the Toodoggone area of B.C. coupled with the high-grade gold discovery at our JD property late 2024. We expect an aggressive exploration program this year spearheaded by our excellent geological team."
Sun Summit remains committed to delivering value to its shareholders by advancing its portfolio of high-potential exploration projects in British Columbia. The Board is confident that with Mr. Marotta's leadership, supported by the strong technical and advisory teams, the Company is well-positioned to capitalize on growth opportunities and continue its trajectory of success.
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, HDI Amarc's Aurora discovery, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.
About the Buck Project
The
The project is host to the Buck Main intermediate-sulfidation, epithermal-related, gold-silver-zinc system characterized by continuous zones of disseminated and breccia-hosted, bulk tonnage-style mineralization. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.
Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and also defining additional drill targets across the entire land package through systematic exploration programs.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
Further details are available at www.sunsummitminerals.com.
On behalf of the board of directors
Brian Lock
Executive Chairman
block@sunsummitminerals.com
For further information, contact:
Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226
Forward Looking Information
Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238866
FAQ
Who is the new CEO of Sun Summit Minerals (SMREF) as of January 2024?
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What recent discovery did Sun Summit Minerals (SMREF) make at its JD property?
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What are Sun Summit Minerals' (SMREF) exploration plans for 2024?
