Savant Explorations Ltd. Announces the Appointment of Lutz Klingmann and Patrick Mcgrath to the Board Focus ON Blue MOON Zinc Project
SAVANT EXPLORATIONS LTD. ANNOUNCES THE APPOINTMENT OF
LUTZ KLINGMANN AND PATRICK MCGRATH TO THE BOARD
FOCUS ON BLUE MOON ZINC PROJECT
April 12, 2017 - Savant Explorations Ltd. (TSXV: SVT) (the “Company”) announces the
appointment of Lutz Klingmann and Patrick McGrath to the board effective immediately. With
the appointment of Mr. Klingmann and his mine-building experience, the Company is committed
to focusing on advancing the wholly -owned Blue Moon zinc project . A NI 43 -101 report
detailing the Blue Moon resources is available on SEDAR (February 21, 2008). The Blue Moon
zinc project is at the development stage with advanced work already performed by the previous
owners, including Westmin Mines Limited (now Boliden). The Company will release its detailed
plans for the Blue Moon zinc project in due course.
Board Appointees
Mr. Klingmann is a Professional Engineer and was a Director and/or President of Golden Queen
Mining Co. Ltd. (“Golden Queen”) (TSX: GQM) from 2001 to 2015. During Mr. Klingmann’s
tenure at Golden Queen, he developed the gold and silver heap leach project known as the
Soledad Mountain Project in southern California. Mr. Klingmann secured all major approvals
and permits for the Soledad Mountain Project and construction of the mine started in January
2013. In 2014, Mr. Klingmann was involved in securing project financing of US$100 million for
the project and Golden Queen declared commercial production on the property in December
2016.
Mr. Klingmann also founded Minto Explorations Ltd. (“Minto”) in April 1993 specifically for
the acquisition of the Minto property interests held by ASARCO Inc., Teck Resources Limited
and Falconbridge Ltd. Minto concluded a US$25million financing agreement with ASARCO
Inc. to bring the Minto project to production. Minto was acquired by Sherwood Copper
Corporation in 2005. Construction was completed and the mine started production in September
2007 and continues in production today under Capstone Mining Corp. (Sherwood Copper
Corporation and Capstone Mining Corp. combined in 2008).
Mr. McGrath is a CPA, CGA and has been the Chie f Financial Officer of Cub Energy Inc. since
2013. Cub Energy is an international oil and gas producer with last reported production of
approximately 1,150 barrels of oil equivalence a day. Mr. McGrath previously acted as the Chief
Financial Officer of Anatolia Energy Corp. from 2011 to 2013. Anatolia Energy was focused on
shale oil development in Turkey and was acquired by Cub Energy in 2013. Mr. McGrath is also
a founder and was previously Vice President of Finance of Adriana Resources Inc. (now Sprott
Resource Holdings Inc.), a development company focused on iron ore.
In conjunction with the appointments of Mr. Klingmann and Mr. McGrath, Reginald Advocaat
and Rob Geisthardt resigned from the board to pursue other opportunities. The board wishes to
thank Mr. Advocaat and Mr. Geisthardt for their past services.
For more information please contact:
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Patrick McGrath, Director
Phone: 1-832-499-6009
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.