Treasury Metals Announces CEO Departure and Appointment of Interim CEO
Treasury Metals Announces CEO Departure and Appointment
of Interim CEO
TSX: TML
OTCQX: TSRMF
TORONTO
,
Aug. 1, 2018
/CNW/ -
Treasury Metals Inc.
(
TSX: TML
) ("Treasury" or the "Company") today announces the departure
of the President and Chief Executive Officer
Chris Stewart
. Chris has accepted an executive role with a global intermediate gold
producer, and will leave Treasury to assume his new role in August. Chris presided over an active phase of permitting, exploration,
and development at Treasury and built a team in
Dryden
which will continue progressing the Goliath gold project towards production.
Bob MacDonald
, Vice President, Operations and
Mark Wheeler
, Project Director will continue in their roles with increased
responsibilities and the Company will continue to focus on Federal mine permitting with the Canadian Environmental Assessment
Agency, engineering and on the completion of the on-going resource expansion drilling program.
The Board has appointed
Greg Ferron
as Interim CEO. Mr. Ferron, currently VP of Corporate Development, has played a key role in
the evolution of the Company.
Marc Henderson
, Chairman commented, "On behalf of the entire team, we would like to extend our gratitude to Chris and wish him
well in his future endeavors. The Board has full confidence in Greg, Bob, and Mark to continue to build on the successes of the
Company and to execute the Goliath development plans on schedule. Greg has led our corporate development team for 6 years, and
will provide leadership continuity to our staff, partners and key stakeholders. We are also thankful for the value that Bob brings as a
30-year engineer who led operations for Canadian success stories including Goldcorp's Musselwhite and Cameco's
Saskatchewan
operations."
To view further details about the Goliath Gold Project, please visit the Company's website at
www.treasurymetals.com
.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused exploration and development company with assets in
Canada
and is listed on the Toronto
Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s
100% owned Goliath Gold Project in northwestern
Ontario
is slated to become one of
Canada's
next producing gold mines. With first-
rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of
an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of
the mine life.
Forward-looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or developments that management of the Company expect, are forward-
looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals
disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities laws.
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SOURCE
Treasury Metals Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2018/01/c6562.html
%SEDAR: 00027114E
For further information:
Marc Henderson, Chairman of the Board, T: 1.416.214.4654, [email protected]; Greg Ferron,
Interim CEO, T: 1.416.214.4654, [email protected]; Follow us on Twitter @TreasuryMetals
CO: Treasury Metals Inc.
CNW 06:55e 01-AUG-18