CALGARY, ALBERTA -- (The Newswire – November 29, 2016)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce the formation of a new advisory committee and welcomes the members, who have joined the Margaux team to support management in advancing the Jersey-Emerald project.
Mr. Steve Letwin, Mr. Chris Stewart, Dr. Rogerio Monteiro, P.Geo, and Dr. Victor Zhao, P.Geo, have joined Margaux to advise the Company and Board of Directors to provide expertise and to assist the Company in advancing its mineral exploration projects.
“Bringing such an experienced advisory committee to Margaux allows the Company to benefit from their depth of mining knowledge and industry-focused strategic thinking,” said Tyler Rice, President and CEO, “I am very excited to have these four well known and highly experienced individuals join the Margaux team, for them to contribute their invaluable expertise and experience to the Company for the benefit of our shareholders and to assist the Company with moving towards production.”
Mr. Steve Letwin - President and Chief Executive Officer of IAMGOLD
Mr. Letwin brings over 30 years of experience from the resource sector, where he specializes in corporate finance, operational management, and merger and acquisitions, including 6 years as President and CEO of IAMGOLD.
Prior to joining IAMGOLD, Mr. Letwin was based in Houston, Texas, where he was the Executive Vice President, Gas Transportation & International, with Enbridge Inc. Before joining Enbridge, he served as President & Chief Operating Officer of TransCanada Energy.
Mr. Letwin holds an MBA from the University of Windsor, is a Certified General Accountant, a graduate of McMaster University (B.Sc., Honors), and a graduate of the Harvard Advanced Management Program.
Mr. Christopher Stewart – former Vice President Operations, Kirkland Lake Gold
Mr. Stewart brings over 24 years of diversified experience in the mining industry, 15 years working with mining contractors and 9 years working with mining companies.
Most recently, Mr. Stewart was based in Ontario, where he was the Vice President of Operations for Kirkland Lake Gold, where he was responsible for the mining and milling operations within the company. Before joining Kirkland Lake Gold, he served as President and CEO of Liberty Mines Inc., as well as various positions at BHP Billiton, DMC Mining Services and Lake Shore Gold Corporation.
Mr. Stewart is a Professional Engineer and holds a Bachelor of Science in Mining Engineering from Queen’s University.
Dr. Victor Zhao, P.Geo – President of Continental Geology & Mining Consulting Inc. ("CGMC")
Dr. Zhao brings over 30 years of mining industry experience, working with all types of precious metals and non - ferrous metal mineral deposits.
Dr. Zhao has been President of CGMC since March 2016. CGMC is an independent consultancy firm that provides data integration, target generation and exploration project review. Prior to CGMC, Dr. Zhao worked for Canadian Royalties Inc. as the Exploration Supervisor for 6 years. Before that, he looked after the Sungai Pb-Zn exploration project for Sumatra Minerals in Indonesia and was also Senior Geologist for Project Generation of Barrick Gold (China) Ltd. and Placer Dome (China) Ltd. Dr. Zhao worked for the Gold Geology Institute for 15 years in multiple roles, including Director of Geophysical and Geochemical Exploration Research Division.
Dr. Zhao is a registered Professional Geoscientist. He obtained his Ph.D. of Science from Peking University, Master of Applied Geochemistry, and Bachelor of Geochemistry & Exploration from Changchun University of Geosciences (now Jilin University). In addition, he was a Post-Doctoral Research Fellow in the China Research Centre of Mineral Resources Exploration (a cooperative project between Japan and China), Institute of Geology & Geophysics, China Academy of Sciences.
Dr. Rogerio Monteiro, P.Geo - President & Chief Structural Economic Geologist, Vektore Exploration Consulting Corp.
Dr. Monteiro brings more than 30 years of experience in the global mining industry and is a recognized researcher and leader in the development of practical new tools to optimize mineral exploration and target development.
Dr. Monteiro founded Vektore in 2012, a company focused on advancing the applied structural economic geology field as well as developing and optimizing new tools and methods. Prior to Vektore, Dr. Monteiro was the Chief Structural Geologist for Vale Global Exploration and Senior Exploration Geologist at Inco Ltd.
Dr. Monteiro graduated from Brazil UNISINOS in 1982 and went on to earn his M.Sc. in 1990 from UFRGS. In 1996, he completed his Ph.D. at the University of Western Ontario in London, Ontario. In 2013, Dr. Monteiro was appointed the “Richard W. Hutchinson Visiting Industrial Professor in Mineral Deposits Studies” at the University of Western Ontario.
Appointment of VP Business Development
In addition, Margaux is pleased to announce the appointment of Mr. Ryan Bignucolo as Vice-President, Business Development, effective November 11, 2016. Ryan is a seasoned investor relations executive, and brings more than 18 years of experience in a broad array of industries to his role at Margaux.
For the last 5 years, he was at The PACE Network, where he assisted clients in identifying new opportunities and attracting new investors, while building strategic alliances and improving stakeholder communications. Prior to The PACE Network, he owned and ran his own construction and resource services company in Northern Ontario.
Tyler Rice, President and CEO, stated: “We are very pleased to have someone of Ryan's caliber join the Margaux team.”
Granting of Stock Options
Finally, Margaux wishes to announce that it has granted an aggregate of 1,305,000 Common Share purchase options in accordance with the Company's shareholder-approved stock option plan. These stock options include 575,000 options to directors, being Messrs. James Letwin, Robert Derkitt and Douglas Foster, 250,000 to officers, being Messrs. Jason Linkewich and Ryan Bignucolo, 200,000 to the advisory committee and the balance to consultants and IR consultants. The stock options are exercisable at a price of $0.25 per share, expire in five years, and vest over a period of three years, with 1/3 of the Options vesting immediately, and 1/3 vesting at the end of each the first and second anniversary of the date of grant.
About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, on which Margaux has an option, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian businessmen with proven track records. Margaux trades on the TSX Venture Exchange under the symbol MRL.
Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux's exploration plans and work commitments, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
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.
Margaux Resources Ltd.
President, CEO and a Director