Angold Resources Announces Appointment of Award-Winning Exploration Advisory
Angold Resources Announces Appointment of Award-Winning Exploration
Advisory
Vancouver, February 7, 2024 - Angold Resources Ltd. (TSXV: AAU) (OTC Pink: AAUGF) (FSE: 13L0)
("Angold" or the "Company") is pleased to announce the formation of the technical team in charge of
advancing the exploration and development of the district -scale, 250,000 acres of drill -ready uranium
projects.* Collectively, this group of uranium exploration leaders bring decades of proven discovery
experience in the Athabasca Basin.
Technical Advisory Team:
• Garrett Ainsworth: Mr. Ainsworth is a geologist and mining executive who played an instrumental
role in the discovery of almost all of the uranium currently known in the prolific Patterson Corridor
on the southwest margin of the Athabasca Basin in deposits that include Triple-R (TSX: FCU) and
Arrow (TSX: NXE). For his work in the region, he has shared the 2013 AMEBC Colin Spence Award,
the 2016 Mines and Money Exploration Award, and the 2018 PDAC Bill Dennis “Prospector of the
Year” Award. He is currently President, CEO and Director of District Metals Corp.
• Dale Verran: Mr. Verran is a geologist and mining executive with over 20 years of exploration
experience. As former Vice President, Exploration for Denison Mines Corp (TSX: DML), he was
involved in the discovery of over 70 million pounds of U3O8 in deposits that include Gryphon and
Phoenix. Mr. Verran has a track -record of successful project generation, discovery and project
advancement in both Africa and Canada. He is currently CEO at Fortune Bay Corp which will
operate upcoming exploration programs at the Strike and Murmac properties.
• Gareth Garlick: Mr. Garlick is a geologist with over 20 years of experience in mining and mineral
exploration. Mr. Garlick is former Senior Geologist and Consulting Projects Manager at Mineral
Services Canada Inc., where he contributed as a consultant to exploration, deli neation and
development work on the J -Zone and Triple R deposits. He has experience in all aspects of the
mining cycle ranging from grassroots exploration to resource estimation and resource
reconciliation on producing mines. Mr. Garlick is currently Technical Director at Fortune Bay Corp
which will operate upcoming exploration programs at the Strike and Murmac properties.
• Sean Hillacre : Mr. Hillacre has a decade of experience as an economic geologist and a full
understanding of project development particularly in the Athabasca Basin. He spent 5 years as
part of the technical team at NexGen Energy where he published the first comprehensive
academic study on the Arrow Uranium Deposit after extensive years -long research efforts. Mr.
Hillacre brings a unique and balanced background integrating academic geoscience with industry
experience. He is currently President & VP Exploration at Standard Uranium which will operate
upcoming exploration programs at the Sun Dog Property.
• Galen McNam ara: Mr. McNamara is a mining executive and geologist with over 15 years of
discovery and capital markets experience. As former Senior Project Manager at NexGen Energy
he led drilling and exploration activities at the Arrow Deposit where he was instrumental in
growing it from an interesting prospect to the world’s largest undeveloped high -grade uranium
deposit. For his work at Arrow, he shared the 2018 Bill Dennis “Prospector of the Year” Award.
Galen McNamara, Interim CEO, stated: "We are very much looking forward to exploring our newly
consolidated projects. I think our collective expertise will be instrumental in unlocking the full potential
of the under -recognized northern rim of the Athabasca Basin. To say that these properties a re under-
explored for basement-hosted high-grade deposits would be an understatement. Our collaborative
targeting work is showing at least 50 highly compelling shallow targets on our projects that are largely
permitted and drill ready. To start, a preliminary strike length of approximately 30 km has been identified
that is host to multiple EM conductors that are plainly uranium fertile. Clearly, we are only just getting
started here.”
*Acreage remains subject to completion of the previously announced acquisition of 1443904 B.C. Ltd. For
further information, readers are encouraged to review the news release issued by the Company on
December 22, 2023.
About Angold Resources Ltd.
Angold is an exploration and development company targeting large-scale mineral systems worldwide. The
Company's assets include projects in Chile and uranium projects Canada. The Dorado Project in Chile
features a major porphyry -gold system where drill results include 302 m at 0.71 g/t Au. The Cordillera
Project in Chile is strategically located between two multi -million-ounce gold deposits and features
multiple gold exploration targets. The uranium projects in Canada are prospective for high-grade uranium
mineralization.
On Behalf of the Board of Directors
“Galen McNamara”
Galen McNamara, Interim Chief Executive Officer
Further information on Angold can be found on the Company's website at www.angoldresources.com and
at www.sedarplus.ca, or by contacting the Company by email at [email protected].
Forward-Looking Statements:
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 or accuracy of this release.
Forward-Looking Statements: This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. These statements relate to future events or
future performance and include expectations rega rding the intended completion of the acquisition of
1443904 B.C. Ltd. All statements other than statements of historical fact may be forward -looking
statements or information. Forward -looking statements and information are often, but not always,
identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate",
"approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could",
"might", "should", "believe", "would" and similar expres sions. Forward -looking statements and
information are provided for the purpose of providing information about the current expectations and
plans of management of the Company relating to the future. Readers are cautioned that reliance on such
statements and information may not be appropriate for other purposes, such as making investment
decisions. Since forward -looking statements and information address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Actual r esults could differ materially from
those currently anticipated due to a number of factors and risks. Accordingly, readers should not place
undue reliance on the forward -looking statements, timelines and information contained in this news
release. Forward-looking information are based on management of the parties' reasonable assumptions,
estimates, expectations, analyses and opinions, which are based on such management's experience and
perception of trends, current conditions and expected developments, and other factors that management
believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by
applicable law. Such forward-looking information represents management's best judgment based on
information currently available. No forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-
looking statements or information.