Pacific Bay Appoints Elton Pereira as VP Exploration
Pacific Bay Appoints Elton Pereira as VP
Exploration
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) -
Pacific Bay Minerals Ltd
(
TSXV:
PBM
) ("
Pacific Bay
" or the "
Company
"),
is pleased to announce that the Company has appointed
Brazilian geologist Elton L.S. Pereira as Vice President Exploration, effective immediately.
Mr. Pereira brings to Pacific Bay a wealth of international success in the mining exploration industry.
Mr. Pereira led the development of Brazauro Resources Corp.'s Tocantinzinho Gold Project, which was
the first major discovery in the now prolific Tapajós Mineral Province in Brazil.
Tocantinzinho
was
subsequently sold to Eldorado Gold Corp. in 2010, which is currently under construction by G Mining
Ventures.
Following this achievement, Mr. Pereira spearheaded the discovery and development of the Castelo de
Sonhos gold project, owned by TriStar Gold Inc. More recently, he has contributed to the development of
multiple nickel-copper-cobalt deposits in Bahia State, Brazil, through his work with Appian Capital
Advisory and Bahia Nickel Mineração.
Mr. Pereira earned a M.Sc. in Geology from the University of Ouro Preto, Minas Gerais, Brazil.
"Management of the Company has decided to direct attention to the acquisition of precious metal and
critical mineral exploration projects in Brazil, and Mr. Pereira brings with him a remarkable track record
of success and a wealth of experience that will help Pacific Bay achieve this objective," said Reagan
Glazier, President & CEO.
"Elton's leadership in developing high value assets, such as the
Tocantinzinho and the Castelo de Sonhos gold projects, has not only set new standards in the industry,
but also significantly contributed to the advancement of mineral exploration in Brazil. I'm excited for the
opportunity to include him in our endeavors."
As part of his compensation, the Company will grant 500,000 incentive stock options to Mr. Pereira at an
exercise price of $0.05 per share, expiring 3 years after issuing.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI
43-101.
For more Information please contact:
Reagan Glazier, CEO, President and Director
E-mail:
Telephone:+1 403-815-6663
About Pacific Bay Minerals Ltd.
Pacific Bay currently has a portfolio of properties in British Columbia including the Haskins Reed, 30km
East of the Cassiar townsite and
the newly added Sphinx Mountain Rare Earth Project.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities
laws. Forward-looking statements are based on certain expectations and assumptions, including future
plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks
and uncertainties that could cause actual results to differ materially from those anticipated in such
statements. The Company undertakes no obligation to update or revise forward-looking information,
whether as a result of new information, future events, or otherwise, except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/220011