Silver Valley Metals Appoints Director of Corporate Development
Silver Valley Metals Corp. announced the appointment of Douglas Dobbs as Corporate Development Director, bringing over 25 years of experience. This transition follows the acquisition of the Ranger-Page project and a comprehensive exploration campaign that delivered promising results in 2022. In 2023, the company plans to initiate drilling programs targeting high-grade resources and new mineralization areas. Additionally, they closed a $0.075 Unit Private Placement Financing for $967,283.55, issuing 12,897,114 Units. The financing included insider transactions and stock options have been issued to officers and consultants.
- Appointment of Douglas Dobbs adds experienced leadership.
- Comprehensive exploration plans targeting high-grade resources.
- Successful completion of a $0.075 Unit Private Placement Financing raising $967,283.55.
- Insider transactions raise concerns about potential conflicts of interest.
- Reliance on exemptions for related party transactions may affect shareholder confidence.
"We welcome Doug at this very important juncture in Silver Valley's development where the Company is now transitioning from the acquisition of its flagship Ranger-Page project 13 months ago, followed by a now completed comprehensive exploration campaign from 2022 which is starting to deliver excellent results that will be announced over the upcoming weeks. Exploration activities conducted in 2022 included ground geophysics, geochemical sampling, other field work, structural analysis, and 3D modeling, which is providing valuable data to establish quality drill targets.
An inaugural drilling program in 2023 is planned to build upon the historic high-grade resources, existing mineralization that remains open at four shallow historic mines and importantly, new high priority targets outside the areas of historical production," says CEO,
Financing:
The Company has closed its previously announced
The Financing was effected with 3 insiders, for a total of 576,667 Units or
The Company paid cash finder's fees totaling
The Company also announces that it has issued 1,900,000 stock options to various Officers, Directors, and Consultants, with an exercise price of
Silver Valley owns a
The Project comprise 6 historical mines on patented claims, without royalties. The largest of these, the
Historical mining on the properties shared underground infrastructure which connected the larger Page mine with five shallow historic mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historical mines is considered significant as modern systematic exploration is being applied to the project for the first time.
Silver Valley is a Canadian exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the pursuit of mineral discovery and development. We are focused on the advancement of strategic and precious mineral properties including Lithium-Potash in
On behalf of the Board of Directors of
"Brandon Rook"
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. 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 statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
View original content to download multimedia:https://www.prnewswire.com/news-releases/silver-valley-metals-appoints-director-of-corporate-development-301724096.html
SOURCE
FAQ
Who is Douglas Dobbs and what will his role be in Silver Valley Metals?
What are the key projects Silver Valley is focusing on in 2023?
What were the terms of the recently closed financing?