TriMetals Mining Inc. Appoints New President & Chief Executive Officer
January 16 2018 - 05:00AM
TriMetals Mining Inc. ("TriMetals" or "the Company") (TSX:TMI) is
pleased to announce the appointment of Eric H. Edwards as its
President & Chief Executive Officer and a director of the
Company. The Company also announces the retirement of Company
founder Ralph Fitch as a director and officer of the Company after
a 53 year career as a geologist. Mr. Fitch has led the Company and
its predecessors since inception in 1994. These changes were
effective January 15, 2018.
Robert van Doorn, Chairman of the Board of TMI said, “We express
our thanks to Ralph Fitch for his service to the Company through
the years. Ralph’s contributions were vital in acquiring our
exciting Gold Springs and Escalones projects. We wish Ralph
the best in his retirement.” Mr. van Doorn further stated, “We
welcome Eric Edwards to the Company and look forward to the next
stages of growth and development at Gold Springs and
Escalones. Mr. Edwards brings more than 30 years of
professional experience in gold exploration, mine operations,
corporate development and finance to TriMetals. The Company
remains well positioned with an experienced international
exploration team, energetic management and diversity of directors
to capitalize on gold exploration and strategic growth.”
Mr. Edwards has worked for major and junior public companies
with projects in Canada, the United States, Ecuador, Myanmar,
Kazakhstan, Argentina and Peru. He most recently served as
President & CEO of Lupaka Gold Corp. where he directed that
company through its IPO, and guided growth through its strategic
corporate acquisition of Andean American Gold Corp.
Mr. Edwards other past corporate positions include President of
Ventura Gold Corp. that was acquired by International Minerals
Inc., Vice President & CFO of Andean Resources which was
acquired by Goldcorp, Vice President & CFO of Queenstake
Resources which was acquired by Yukon Nevada Gold. Mr.
Edwards was CFO for Ivanhoe Mines, joining the company while still
private and taking it through its IPO on the TSX, project debt
financing, copper offtake and corporate acquisitions.
Mr. Edwards professional experience includes more than 15 years
in open-pit and underground mines in various operations capacities
with Kinross, TVX Gold, Minorco, Rio Tinto, and Nerco Minerals.
including Mine Manager at the underground TVX Gold Mineral Hill
Mine in Montana.
Mr. Edwards has a B.S. (Honours) in Geology from Utah State
University and an Masters in Business Administration from
University of Utah
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration
company creating value through the exploration and development of
the prospective Gold Springs gold-silver project in Utah and Nevada
USA, and the Escalones copper-gold porphyry deposit in Chile.
The Company combines a track record of discovery and advancement of
large projects, mining and exploration supportive jurisdictions,
low political risk areas, key operational and process expertise,
and a focus on community relations and sustainable development.
Management has extensive experience in the global exploration and
mining industry.
The Company’s common shares and Class B shares are listed on the
Toronto Stock Exchange under the symbols “TMI” and “TMI.B” and the
common shares and Class B(1) shares also trade on the OTCQX market
under the symbol “TMIAF” and “TMIBF”. Additional information
related to TriMetals Mining Inc. is available at
www.TriMetalsmining.com and on SEDAR at www.sedar.com.
- Note that the Class B shares have no interest in the properties
or assets of the Company other than a collective entitlement to 85%
of the net cash, if any, (after deducting all costs, taxes and
expenses and the third-party funder’s portion thereof) received by
TMI from award or settlement in relation to the Company’s
subsidiary South American Silver Limited’s arbitration proceeding
against Bolivia for the expropriation of the Malku Khota project in
2012 (the “Bolivia Arbitration”).
Forward Looking Statements
Certain statements contained herein constitute “forward-looking
information” under applicable Canadian securities laws
(“forward-looking statements”). Forward-looking statements look
into the future and provide an opinion as to the effect of certain
events and trends on the business. Forward-looking statements
may include words such as “creating”, “continue”, “will” and
similar expressions and include the Company’s expectation for an
award in respect of the Bolivia Arbitration to be announced in the
first quarter of 2018. These forward-looking statements are based
on current expectations and entail various risks and uncertainties.
Actual results may materially differ from expectations if known and
unknown risks or uncertainties affect our business or if our
estimates or assumptions prove inaccurate. Factors that could cause
results or events to differ materially from current expectations
expressed or implied by the forward-looking statements, include,
but are not limited to, risks of the mineral exploration
industry which may affect the advancement of the Gold Springs
project, including possible variations in mineral resources, grade,
recovery rates, metal prices, capital and operating costs, and the
application of taxes; availability of sufficient financing to fund
planned or further required work in a timely manner and on
acceptable terms; risks related to the international arbitration
process; availability of equipment and qualified personnel, failure
of equipment or processes to operate as anticipated, changes in
project parameters, including water requirements for operations, as
plans continue to be refined; regulatory, environmental and other
risks of the mining industry more fully described in the Company’s
Annual Information Form and continuous disclosure documents, which
are available on SEDAR at www.sedar.com. The
assumptions made in developing the forward-looking statements
include: the accuracy of current resource estimates and the
interpretation of drill, metallurgical testing and other
exploration results; the continuing support for mining by local
governments in Nevada and Utah; the availability of equipment and
qualified personnel to advance the Gold Springs project; execution
of the Company’s existing plans and further exploration and
development programs for Gold Springs, which may change due to
changes in the views of the Company or if new information arises
which makes it prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this press release. Except
as required by law, TMI assumes no obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or any other reason. Unless otherwise
indicated, forward-looking statements in this press release
describe the Company’s expectations as of January 16, 2018.
TriMetals Mining Inc. Contact:
Eric Edwards President
eedwards@trimetalsmining.com Robert van Doorn Chairman
vandoorn.robert@gmail.com |
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