Former Diamond Fields President joins Giga Metals’ Advisory Board
October 24, 2017 TSX.V - GIGA
Former Diamond Fields President joins
Giga Metals’ Advisory Board
(VANCOUVER) – Mark Jarvis, CEO of Giga Metals Corp. (TSX.V – GIGA) announced
today that Cliff S. Carson has consented to serve on the Advisory Board of the Company.
Mr. Carson was President and Director of Diamond Fields Resources Inc. from May 1995
until July 1996, when Diamond Fields was acquired by Inco in a $4.6 billion transaction.
Prior to that Mr. Carson was Senior Vice President, Marketing and Sales at Falconbridge
Ltd., a member of the Advisory Board for Nikkelverk Nickel Refinery at Kristiansan d,
Norway and Chairman of the Nickel Development Institute.
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“We are extremely pleased with Mr. Carson’s decision to join our Advisory Board,” said
Mr. Jarvis. “Mr. Carson has a comprehensive knowledge of nickel marketing, an excellent
appreciation of th e strategic options available in developing a large -scale nickel project,
and a proven track record of unlocking shareholder value.”
“Giga Metals has a very exciting nickel project at Turnagain,” said Mr. Carson. “The
simple, predictable metallurgical flow sheet, high -grade, clean concentrate product, long
mine life and excellent jurisdiction make this a highly desirable project to deliver nickel
and cobalt to battery manufacturers. I look forward to working with the Company’s top -
notch management team to release the value of this company for shareholders.”
Mr. Carson’s comments on the Turnagain project are based on a Preliminary Economic
Assessment (PEA) published in December 2011 and prepared by AMC Mining
Consultants (Canada) Ltd. This PEA included t he use of inferred resources, which are
considered to be too speculative geologically to have economic considerations applied to
them that would enable them to be categorized as mineral reserves. The study is
preliminary in nature and there is no assurance the mining, metal production, or cash flow
scenarios outlined in this report would ever be realized. Mineral resources are not mineral
reserves and do not have demonstrated economic viability.
Mr. Carson joins Tookie Angus and Dr. David Dreisinger on Giga Metal’s Advisory Board.
Dr. Dreisinger holds the Chair in Hydrometallurgy at the University of British Columbia
and has extensive experience consulting to industry on metallurgical issues.
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Tookie Angus is a Mergers and Acquisitions Specialist who has helped several junior
mining companies achieve maximum value in takeover situations.
Pursuant to the Company’s Stock Option Plan, 250,000 options will be granted to members
of the Advisory Board with a strike price of $0.60 and a term of five years, subject to TSX
approval.
On behalf of the Board of Directors,
“Mark Jarvis”
MARK JARVIS, President
GIGA METALS CORPORATION
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.
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