VANCOUVER, Dec. 20, 2017 /CNW/ - Goldgroup Mining Inc.
("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV
SIX:GGAN.MX) announces the appointment of Harry Burgess to the Company's Board of
Directors.
Mr. Harry Burgess was a Founding
Partner and now an Associate Consulting Mining Engineer of Micon
International, Ltd. and is a Member at Professional Engineers
Ontario and a Member at The Canadian Institute of Mining,
Metallurgy & Petroleum. He is on the Board of Directors at
Cartier Iron Corp., GPM Metals, Inc. and ACME Resources Corp. Mr.
Burgess was previously employed as an Independent Director by
Champion Iron Mines Ltd., an Independent Director by Treasury
Metals, Inc., an Independent Director by Tartisan Resources Corp.,
an Independent Director by Brigus Gold Corp., and an Independent
Director by Vena Resources, Inc. He also served on the board at Mag
Copper Ltd., Aquiline Resources, Inc., Absolut Resources Corp. and
Amerix Precious Metals Corp. He has 40 years of experience with
mining operations in China,
Africa, North America and Australia. He received
his undergraduate degree from Imperial College London, an
undergraduate degree from The Royal School of Mines and a graduate
degree from the University of the Witwatersrand.
Keith Piggott commented: "We are
excited to welcome Mr. Burgess to the Company and very much look
forward to utilizing his experience on the Board."
For further information on Goldgroup, please visit
www.goldgroupmining.com
On behalf of the Board of Directors,
Mr. Keith
Piggott, Chairman, President and CEO
Tel:
1-520-247-5753
Investor Relations
Toll Free:
1-877-655-ozAu (6928)
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
Certain information contained in this news release, including
any information relating to future financial or operating
performance, may be considered "forward-looking information"
(within the meaning of applicable Canadian securities law) and
"forward-looking statements" (within the meaning of the United
States Private Securities Litigation Reform Act of 1995). These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Actual results could
differ materially from the conclusions, forecasts and projections
contained in such forward-looking information. These
forward-looking statements reflect Goldgroup's current internal
projections, expectations or beliefs and are based on information
currently available to Goldgroup. In some cases forward-looking
information can be identified by terminology such as "may", "will",
"should", "expect", "intend", "plan", "anticipate", "believe",
"estimate", "projects", "potential", "scheduled", "forecast",
"budget" or the negative of those terms or other comparable
terminology. Certain assumptions have been made regarding the
Company's plans at the Cerro Prieto project. Many of these
assumptions are based on factors and events that are not within the
control of Goldgroup and there is no assurance they will prove to
be correct. Forward-looking information is subject to a variety of
known and unknown risks, uncertainties and other factors that could
cause actual events or results to materially differ from those
reflected in the forward-looking information, and are developed
based on assumptions about such risks, uncertainties and other
factors including, without limitation: uncertainties related to
actual capital costs, operating costs and expenditures, production
schedules and economic returns from Goldgroup's projects;
uncertainties associated with development activities; uncertainties
inherent in the estimation of mineral resources and precious metal
recoveries; uncertainties related to current global economic
conditions; fluctuations in precious and base metal prices;
uncertainties related to the availability of future financing;
potential difficulties with joint venture partners; risks that
Goldgroup's title to its property could be challenged; political
and country risk; risks associated with Goldgroup being subject to
government regulation; risks associated with surface rights;
environmental risks; Goldgroup's need to attract and retain
qualified personnel; risks associated with potential conflicts of
interest; Goldgroup's lack of experience in overseeing the
construction of a mining project; risks related to the integration
of businesses and assets acquired by Goldgroup; uncertainties
related to the competitiveness of the mining industry; risk
associated with theft; risk of water shortages and risks associated
with competition for water; uninsured risks and inadequate
insurance coverage; risks associated with potential legal
proceedings; risks associated with community relations; outside
contractor risks; risks related to archaeological sites; foreign
currency risks; risks associated with security and human rights;
and risks related to the need for reclamation activities on
Goldgroup's properties, as well as the risk factors disclosed in
Goldgroup's Annual Information Form and MD&A. Any and all of
the forward-looking information contained in this news release is
qualified by these cautionary statements. Although Goldgroup
believes that the forward-looking information contained in this
news release is based on reasonable assumptions, readers cannot be
assured that actual results will be consistent with such
statements. Accordingly, readers are cautioned against placing
undue reliance on forward-looking information. Goldgroup expressly
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, events or otherwise, except as may be required by, and
in accordance with, applicable securities laws.
SOURCE Goldgroup Mining Inc.