VANCOUVER, BC, March 6,
2023 /CNW/ - Spanish Mountain Gold
Ltd. (the "Company" or "Spanish Mountain
Gold") (TSXV: SPA) is pleased to announce the appointment of
Peter Mah as interim Chief Executive
Officer ("CEO"). Peter will replace Larry
Yau as CEO of Spanish Mountain Gold effective
immediately and will work closely with the management team to
ensure a smooth transition as the Company advances the Spanish
Mountain Gold Project ("Project") towards the feasibility study
stage.
Peter currently serves as a Board member of Spanish Mountain
Gold and is a professional engineer with over thirty years of
Canadian and global mining experience in gold, silver, diamond and
base metal projects. He has held several senior management roles,
including the President of Avanti Kitsault Mine Ltd., British Columbia, Chief Operating Officer
("COO") of Alloycorp Mining Inc., and Group Executive of
prefeasibility and feasibility projects at Newmont Mining Corp.
Most recently, he was COO at McEwen Mining Inc. where he was
responsible for all open pit and underground mines and projects in
Canada, Mexico, Argentina and the USA. His expertise includes new mine
construction and he has a proven track record of building,
transitioning and operating mines. Most notable was in 2009 when,
under Peter's leadership as Mine General
Manger of DeBeer's Victor open pit diamond mine, the Victor
Mine Team was awarded the Mining Magazine's international 'Mine of
the Year' award. He's a former Director at the Mining Association
of British Columbia and the
Ontario Mining Association. He is currently a Director at Golden
Lake Exploration Ltd. Mr. Mah holds the degrees of Bachelor of
Applied Science in Mining and Mineral Process Engineering and
Master of Applied Science majoring in Rock Mechanics from the
University of British Columbia,
Vancouver, Canada.
"Peter is a well-respected and experienced mining executive
with extensive experience in project development and
operations" said Chris
Lattanzi, Chairman of the Board of Spanish Mountain
Gold. "We are delighted and privileged to have Peter step
into this role to lead the continued technical development and
evaluation of Spanish Mountain Gold's exciting project,
in addition to the permitting process already
underway."
"On behalf of myself and the Board, I would like to thank
Larry for his leadership and significant contributions to Spanish
Mountain Gold," continued Christopher Lattanzi. "Since joining in
2010 as the Chief Financial Officer and then after his appointment
as CEO in 2016, Larry led the Company through a critical period and
progressed the Spanish Mountain gold project to the pre-feasibility
stage, which has positioned us for long-term success. We wish him
well in the future."
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on advancing its
100%-owned Spanish Mountain Gold Project in southern central
British Columbia. The Company is
simultaneously pursuing the dual objectives of delivering critical
project milestones for the multi-million ounce Mineral Reserve. The
2021 Pre-Feasibility Study demonstrates the Project's potential to
be a mining operation with a robust production profile (>150,000
ounces per year) and profitability (AISC of $801 per ounce) over a mine life of 14 years.
Details on the Project and the Company are available on
www.sedar.com and on the Company's website:
www.spanishmountaingold.com
Board of Directors,
SPANISH MOUNTAIN GOLD LTD.
FORWARD LOOKING STATEMENTS: Certain of the
statements and information in this press release constitute
"forward-looking statements" or "forward-looking information" Any
statements or information that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects",
"anticipates", "believes", "plans", "estimates", "intends",
"targets", "goals", "forecasts", "objectives", "potential" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements or information. The Company's
forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this press release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements and information if
circumstances or management's assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Spanish Mountain Gold Ltd.
