Inventus Mining Announces Senior Management Changes
October 22 2024 - 6:00AM
Inventus Mining Corp. (TSX VENTURE: IVS)
(“Inventus” or the “Company”) is pleased to announce several senior
management changes including:
Board of Directors Changes
William (Bill) Fisher has joined the Board as
Chairman and Nils Engelstad has concurrently resigned as a Director
to make way for Mr. Fisher’s appointment.
Mr. Fisher is a geologist with extensive
industry experience including posts in Africa, Australia, Europe
and Canada. He was a production geologist developing and mining
paleoplacer diamond deposits in Angola and Guinea and served as a
director of Rockwell Diamonds, which was mining placers in the
Orange River valley in South Africa. He was CEO of Karmin
Exploration which discovered the Aripuanã base metal massive
sulphide deposits in Brazil. From 1997 to 2001, he was Vice
President, Exploration for Boliden AB, a major European mining and
smelting company where he was responsible for thirty-five
exploration and development projects in nine countries. From 2001
to 2008, Mr. Fisher led GlobeStar Mining Corp. from an exploration
company to an emerging precious and base metal producer in the
Dominican Republic, financing and developing the Cerro de Maimon
copper/gold mine, which was sold to Perilya for $186 million. He
was also Chairman of Aurelian Resources, which was sold to Kinross
Gold in 2008 for $1.2 billion after the discovery of the Fruta del
Norte gold deposit in Ecuador (now operated by Lundin Gold). He was
CEO of GoldQuest Mining in 2012 when it discovered the
multi-million-ounce Romero gold deposit in the Dominican Republic.
He currently serves as an independent director of GoldQuest Mining,
Churchill Resources and Great Republic Mining.
Management Change
Wesley Whymark has been promoted to President
and Head of Exploration effective immediately. Wesley will take
over the day-to-day management of the Company and oversee
exploration. Stefan Spears will remain the Chief Executive Officer
and a Director.
Mr. Whymark is a Professional Geoscientist with
over fourteen years of experience in mineral exploration. His
specialization encompasses the exploration of precious and base
metals deposits, with a particular focus on orogenic, paleoplacer,
hydrothermal, and magmatic-type mineral systems. Mr. Whymark earned
his Bachelor of Science Honours degree from Laurentian University
and advanced his academic knowledge by conducting postgraduate PhD
research at Würzburg University. He is a registered Professional
Geologist with the Association of Professional Geoscientists
Ontario (PGO).
About Inventus Mining Corp.
Inventus is a mineral exploration and
development company focused on the world-class mining district of
Sudbury, Ontario. Our principal assets are a 100% interest in the
Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral
Project located northeast of Sudbury. Pardo is the first important
paleoplacer gold discovery found in North America. Inventus has
approximately 168 million common shares outstanding.
Visit http://www.inventusmining.com for more
information.
For further information, please contact:
Mr. Stefan SpearsCEOInventus Mining Corp.Tel: (647) 408-1849
E-mail: stefan@inventusmining.com
Neither TSX-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this
release. No stock exchange, regulation services provider,
securities commission or other regulatory authority has approved or
disapproved the information contained in this news release.
Forward-Looking Statements
This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s objectives, goals or
future plans, statements, exploration results, potential
mineralization, the estimation of mineral resources, exploration
and mine development plans, timing of the commencement of
operations and estimates of market conditions. Factors that could
cause actual results to differ materially from such forward-looking
information include, but are not limited to the failure to identify
mineral resources, failure to convert estimated mineral resources
to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, political risks, inability to fulfill the duty to
accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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