Canadian Metals Appoints Gerald Panneton as Director on its Board
Canadian Metals Inc. CSE: CME
Gerald Panneton appointed as Canadian Metal’s
Director of the board
May 22, 2019 Montréal, Québec. - Canadian Metals Inc. (“CME” or the “Company”)
(CSE: CME) is pleased to announce the appointment of Gerald Panneton as the
Company’s Director of the board, effective May 22, 2019, replacing Ghita Ouaziz.
Mr. Panneton is a geologist with over 30 years experience in mineral exploration and
development, and was the founder, President and CEO of Detour Gold Corporation
(“Detour Gold” ) from its incorporation in July 2006 until November 2013. Under his
leadership, the Detour Lake project grew over tenfold from 1.5 million ounces in resources
to over 16 million ounces i n reserves and into production. Today, the Detour Lake mine
ranks as one of the largest gold mines in Canada. Mr. Panneton helped raise
approximately $2.6 billion in capital while at Detour Gold. Mr. Panneton and his Detour
Gold team were the recipients of the PDAC 2011 Bill Dennis Award for Canadian mineral
discoveries and prospecting success of the year.
From August 2016 to October 2017, Mr. Panneton was also President and CEO of
NewCastle Gold Ltd. ( “NewCastle Gold” ), for the Castle Mountain gold project in
California, before NewCastle Gold was acquired via merger with Trek Mining Inc. and
Anfield Gold Corp. (now named Equinox Gold Corp.).
From 1994 to 2006, Mr. Panneton was with Barrick Gold Corporation ( “Barrick Gold”)
where for the last six years of his tenure, he was Director of Advanced Projects and
Evaluations for the exploration and corporate development group. He was very
instrumental in bringing the Tulawaka and Buzwagi projects in Tanzania into pr oduction
after the Pangea Goldfields Inc. acquisition in 2000. Prior to Barrick Gold, he worked for
Lac Minerals Ltd., Placer Dome Inc. and Vior-Mazarin Group. Mr. Panneton received his
Bachelor of Science in Geology from the University of Montreal and his Master of Science
in Geology from McGill University.
Mr. Michel Gagnon, Chairman of Canadian Metals, commented that both CME Executive
team and Board of Directors were extremely pleased with this nomination as Mr. Panneton
will add strong skills and experience to the team on the strategic growth of the company.
Mr. Stephane Leblanc, CEO, stated, “I wish to thank Ms. Ghita Ouaziz for his excellent
contribution to the Company.”
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value
through the development of large -scale industrial mineral portfolios in specific
commodities and jurisdictions that will fuel the new energy economy. The company is
uniquely positioned to pursue this strategy in silicon, precious and base metal assets.
For more information, please contact:
Stéphane Leblanc
Chief Executive Officer
Email: [email protected]
Website: www.canadianmetalsinc.com
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