GPM Metals Inc. Announces the Appointment of John Tait as Chief Executive Officer and an Update of Its Exploration Program Executive Transitioning
GPM Metals Inc. Announces the Appointment
of John Tait as Chief Executive Officer and an
Update of Its Exploration Program
Executive Transitioning
Toronto, Ontario--(Newsfile Corp. - September 23, 2024) - As GPM Metals Inc. (TSXV: GPM) ("GPM or
the Company") makes the transition from an access and permission focus to exploration, Chairman,
Dan Noone, on behalf of the Board of Directors, wishes to welcome John Tait as GPM's new Chief
Executive Officer and to our Board of Directors. Mr. Tait has been involved in mining exploration for over
25 years, highlighted by being President of Southern Star Resources, prior to becoming Gold Eagle
Mines which was sold to Goldcorp Inc in 2008 for C$1.5 Billion.
Mr. Tait has also been an Officer and
Director of several exploration companies throughout his career.
The Board would like to thank Peter Walsh for his outstanding achievements while CEO.
Dan Noone,
Chairman of the Board, commented, "GPM would not be where we are today without the extraordinary
efforts and effectiveness of Mr. Walsh in moving the project forward with the Traditional Land Owners
and the Northern Land Council".
Mr. Walsh will assist in the transitioning of Mr. Tait to his new role and
will remain on the Board where his contributions, insights and contacts will remain invaluable.
The Board also wishes to welcome Benn Whistler as Country Manager.
Mr. Whistler brings decades of
experience in exploration globally, including most recently, playing a key role in the discovery of
SolGold's world-class Cascabel porphyry copper-gold discoveries in Ecuador.
Mr. Whistler commented:
"I am excited to be involved with GPM's Walker Gossan project and look forward to drilling the potentially
world class targets that exist on the property".
With the addition of Mr. Tait to the Executive Team, Dan Noone will also transition from Executive
Chairman of the Board to Chairman of the Board.
EXPLORATION PROGRAM UPDATE
Following an extensive investigation of access to the remote Walker Gossan project by our Country
Manager Mr. Whistler two weeks ago, exploration drilling has been deferred to the end of the wet
season, or approximately
the second quarter of 2025.
The road accessing the property has
deteriorated
significantly during an 8-year absence of exploration on the property and an extreme rainfall event in the
early 2024 storm season caused unexpected damage to the access route.
The unexpected increase in
road maintenance required to access the site has restricted the Company's exploration goals prior to the
start of the wet season.
The deferral to the second quarter of 2025 will allow GPM to have the luxury of extra time to thoroughly
plan for a larger exploration program next year.
GPM anticipates spending additional time reviewing our
exploration plans with our geophysicist, geologists and McArthur River Basin experts to further ensure
we have done everything possible to fully understand and prioritize our drill targets.
About GPM Metals Inc.
GPM Metals Inc. is an exploration company with offices in Toronto. The Company's current holdings
include the district scale Walker Gossan Project, NT, Australia.
For further information contact:
GPM Metals Inc.
John Tait, Director and CEO
Suite 1101 - 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416
628-5904
Email:
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the meaning of
applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate",
"may", "might", "will", "project", "should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information and/or statements. Forward-looking statements and/or
information are based on a number of material factors, expectations and/or assumptions of GPM
which have been used to develop such statements and/or information, but which may prove to be
incorrect. Although GPM believes that the expectations reflected in such forward-looking statements
and/or information are reasonable, undue reliance should not be placed on forward- looking
statements as GPM can give no assurance that such expectations will prove to be correct. In addition
to other factors and assumptions which may be identified herein, assumptions have been made
regarding, among other things: results from planned exploration and drilling activities; GPM's future
plans for operational expenditures; the accuracy of the interpretations of exploration and drilling
activity results; availability of financing to fund current and future plans and expenditures; the impact
of increasing competition; the general stability of the economic and political environment in which
GPM has property interests; the general continuance of current industry conditions; aboriginal
matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified
staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of
each project in which GPM has property interests to operate in a safe, efficient and/or effective manner
and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange
and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental
matters in the jurisdictions in which GPM has property interests. The forward-looking information and
statements included in this news release are not guarantees of future performance and should not be
unduly relied upon. Such information and/or statements, including the assumptions made in respect
thereof, involve known and unknown risks, uncertainties and other factors that may cause actual
results and/or events to differ materially from those anticipated in such forward-looking information
and/or statements including, without limitation: risks associated with the uncertainty of exploration
results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign
regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the
availability of labour and/or equipment, the fluctuating prices of commodities, the availability of
financing and GPM's dependence on its management personnel, other participants in the property
areas and/or certain other risks detailed from time-to-time in GPM's public disclosure documents,
(including, without limitation, those risks identified in this news release and GPM's current
management's discussion and analysis). Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and the Company does not undertake
any obligations to publicly update and/or revise any of the included forward-looking statements,
whether as a result of additional information, future events and/or otherwise, except as may be
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 and / or
accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/224178