Altan Nevada Minerals Limited Appoints New Officers and Director
Altan Nevada Minerals Limited Appoints New Officers and Director
29 May 2019 - Vancouver, British Columbia: Altan Nevada Minerals Limited (the "Company" or
"Altan Nevada") (TSX -V:ANE) announces that the Company has accepted the resignation of Evan
Jones as Chief Executive Officer. Mr Evan Jones will continue to serve as a non -executive Director of the
company. Altan Nevada’s Chairman Mr John Jones wishes to thank Evan for his service to the Company
on behalf of all shareholders and appreciate his desire to remain a director of the Company moving
forward.
As a result of Mr. Jones' resignation, the Company is pleased to announce that Paul Stephen has been
appointed Chief Executive Officer and Corporate Secretary. The Company has also appointed Barry
Bourne as Vice President of Exploration.
Mr. Stephen has also joined the Company's board of directors, to hold office until the next annual meeting
of the Company. It is the intention of Company management to nominate Mr. Bourne as a director of the
Company and seek shareholder approval to fix the number of directors at six at the next annual general
meeting of the Company.
Mr Stephen has a Bachelor of Commerce degree from the University of Western Australia and is a
member of the Australian Institute of Compa ny Directors. He has held directorships across both ASX and
London publicly listed companies and has a strong knowledge of operations and compliance across
multiple jurisdictions. Mr Stephen Co-founder and Executive Director of Crusader Resources Ltd overs aw
the discovery, development and operations of the Posse Iron Ore mine in Brazil. In addition Mr Stephen
managed the discovery and delineation of over 2.6 million ounces of gold whilst operating in Brazil
resulting in the company being valued at over $16 0M. Mr Stephen has extensive operational experience
in mine site servicing and contracting as a found er and Managing Director of Integrated Fuel Services a
West Australian company specialising in providing fuel services to mining and aviation throughout
Western Australia.
Barry Bourne BSc(Hons), FAIG, MSEG, MAICD is a Principal and Founder of Terra Resources
Geophysical and Geological consultants . Barry has advanced global knowledge of targeting epithermal
and porphyry style mineralization which includes three years in the USA exploring for porphyry and Carlin
style gold mineralisation in Utah and Nevada . He also has six years in -country exploration experience in
Papua New Guinea, Africa and South America and is jointly credited with exploration success at Casale,
Chile (Luciano Cluster), Kabanga, Tanzania (extension), Tusker, Tanzania (Kilimani Zone) and Ruby Hill,
USA (Bullwhacker Extension) . Up until 2013 he was Chief Geophysicist for Barrick Gold and is now a
mineral exploration consultant to private a nd public international exploration groups. Barry graduated in
geology and geophysics from the University of Western Australia (UWA). He is a Fellow of the Australian
Institute of Geoscientists and is currently on the technical advisory committee for UWA Centre for
Exploration Targeting.
About Altan Nevada’s Venus Copper Project
The Company's Venus Copper Project (the " Venus Project") is located within the Yerington copper
porphyry district in the Walker Lane mineralized belt in Nevada. It is approxima tely six miles east -south-
east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s
decision to advance exploration at the Venus Project coincides with the recommencement of
development of Nevada Copper Corp.'s (TSX :NCU) Pumpkin Hollow Copper Mine (" Pumpkin Hollow ")
immediately to the north and less than one mile from the tenement boundary which is expected to
produce an average 50 million pounds of copper annually over 23 years commencing mid -2019. A news
release hi ghlighting the most recent exploration activities and potential for the Venus Project was
released on February 5, 2019. The Venus Project is considered to have the potential for the discovery of
new deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried
porphyry-style copper mineralization with characteristics similar to Pumpkin Hollow.
Forward-looking Statements
This release may contain forward -looking statements. Forward -looking statements involve known an d
unknown risks, uncertainties, and other factors which may cause the actual results, performance, or
achievements of Altan Nevada to be materially different from any future results, performance, or
achievements expressed or implied by the forward -looking statements. These forward-looking statements
are based on management’s current expectations and beliefs but given the uncertainties, assumptions
and risks, readers are cautioned not to place undue reliance on such forward -looking statements or
information. Actual results may differ materially from those currently anticipated in such statements, and
the Company undertakes no obligation to update such statements, except as required by law.
On behalf of Altan Nevada Minerals Limited
For more information contact:
John L C Jones
Email: [email protected]
+61 9322 1788
Paul Stephen
Email: [email protected]
+61 9322 1788
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.