Mining Permit Renewal and Director Appointments
Vancouver, British Columbia / July 20, 2020 - Corsurex Resource Corp.,(CSE: CRC) (the “Company”) announces the following:
Mining Permit Renewal
The Company is pleased to announce the renewal of the Groete Gold Copper Mining Permits, in Guyana. The Guyana Geology and Mines Commission has accepted the annual renewal for the 3,421 acre property, which is comprised of three Mining Permits and is located 64 kilometers west-southwest of Georgetown, the capital of Guyana. The Groete Gold Copper Project has a NI 43-101 compliant inferred gold and copper resource, which is the subject of future exploration plans of the Company.
Director Appointments
The Company is pleased to announce the appointment of two directors.
Mr. William (Bill) Feyerabend has over thirty five years of experience in mineral exploration in twelve countries. He has worked at every level from prospect evaluation to regional exploration to discovery and development of major gold deposits. He was part from discovery to production of the million ounce Mesquite gold mine in California and the multi-million ounce Chimney Creek (now Twin Creeks) mine in Nevada. Mr. Feyerabend also served as Project Manager for one of the largest gold mines in the world, the large Brisas Gold Mine in Venezuela. Mr. Feyerabend is very familiar with the Company’s Groete Gold Copper Deposit, having supervised exploration on site at the project in 2012.
He has been a Certified Professional Geologist since 2007 and has authored technical reports on gold projects in five countries. In addition to gold, he also has been part of the discovery of industrial minerals, base metal and lithium brine deposits. Most recently he helped bring Flagstaff Minerals’ Kingman Project (Arizona) thru permitting and drilling. He is a 1972 graduate of the University of Southern California with a B. Sc. Geology degree. He will serve on the independent audit committee.
Mr. Richard Barnett, C.P.A., C.G.A, is currently a director of three TSX.V companies and C.F.O. of several TSX.V or CSE listed companies. Mr. Barnett has over 30 years of accounting and management experience with companies involved in gold exploration in Guyana, South America, Guinea, West Africa, Quebec, Canada and Iceland. He is President and C.E.O. of Jerico Management Ltd., a privately owned company since 2001. Mr. Barnett will serve on the independent audit committee.
ON BEHALF OF THE BOARD OF DIRECTORS
Adrian Hobkirk, President, CEO and Director
T: 9546848040 E: [email protected]
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.
Some of the statements contained in this release are forward-looking statements, such as 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. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.