Meridius Appoints Vice President Exploration
Meridius Appoints Vice President Exploration
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2020) -
Meridius Resources Limited (
TSXV:
MRI
) (
FSE: 8M0
)
1
("
Meridius
" or the "
Company
") is pleased to announce the appointment of Mr.
Martin Demers, PGeo., as the Vice President of Exploration.
Mr. Demers is a professional Geologist with over two decades of experience with much of it focused on
the Abitibi Gold Region of Quebec, Canada.
Mr. Demers' deep regional experience ranges from field operations up to the commencement of mining
operations. Mr. Demers was part of the initial on-the-ground team that oversaw core logging, geological
interpretation, drilling program planning, and evaluation of the Aurizon's, Casa Berardi Mine.
2
He was an
integral member of the management team and contributed extensively to the company's evolution from
an early stage exploration to the commencement of mining operations.
His vertically integrated skill set
led Mr. Demers to become the primary point of contact with senior mining analysts and investment
bankers.
In 2013 Hecla Mines (USA) acquired Aurizon for $796 million.
3
In addition to the development and successful $796 million exit of Hecla Mines, Mr. Demers is also
credited for the discovery of the Wemindji Kimberlite
4
formation (micro diamonds) that was acquired by
Honey Badger Exploration.
Mr. Demers is a member of the Ordre
des Géologues du Québec (ogq #770) and Licensed
professional geoscientist, Province of New-Brunswick (L5980).
Martin Demers, Vice President of Exploration, commented, "I am very excited to be leading the
exploration program at Meredius and to developing our
project portfolio. The King Tut project ("
King
Tut
") and Dunlop Bay projects ("
Dunlop Bay
") both significant gold potential with both properties
being located along emerging gold trends and will benefit from modern exploration techniques and
technologies. King Tut follows the same Chicobi Fault as the Amex Perron high grade gold deposit
while the Dunlop Project is located along the Detour-Grasset corridor in an inferred intrusion related
context."
Amrik Virk, Chief Executive Officer, commented, "Martin brings an invaluable range of skills in
combination with an in-depth regional expertise to the Company.
He has such a broad range of
experience right from 'boots on the ground' to the commencement of mining operations.
It is rare to
find this combination of experience.
Martin will be a key part of the team as Meridius resources
develops its recently acquired properties in the world-renowned Abitibi Gold region."
About Meridius Resources Limited
Meridius is a junior Canadian mining exploration company with the primary objective to acquire, explore,
and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada.
Meridius is currently fully focused on its two projects:
King Tut Project
is a wholly owned project that consists of 120 contiguous claims on 5206
hectares.
Dunlop Bay Project
is a wholly owned project that consists of 76 mineral claims that cover 4,226
hectares.
The Company is currently in the process of changing its name to BMEX Gold Inc.,
Meridius' common shares trade under the symbol "MRI" on the TSX-V and under the symbol 8M0 on the
Frankfurt Exchange.
On behalf of the Board of Directors, Meridius Resources Limited.
Amrik Virk
President, Chief Executive Officer/Director
Contact Information -
For more information, please contact: Amrik Virk
Tel: (604) 765-9640
Fax: (604) 423-4498
Email:
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. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
The securities being offered have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may
not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as
defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This
press release is for information purposes only and does not constitute an offer to sell or a solicitation
of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information:
This press release contains forward-looking information based on current expectations, including the
use of funds raised under the Offering.
These statements should not be read as guarantees of future
performance or results. Such statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be materially different from
those implied by such statements. Although such statements are based on management's
reasonable assumptions, management assumes no responsibility to update or revise forward-looking
information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very nature they involve
inherent risks and uncertainties. These statements speak only as of the date of this press release.
Actual results could differ materially from those currently anticipated due to several factors and risks
including various risk factors discussed in the Company's disclosure documents which can be found
under the Company's profile on
www.sedar.com
.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the
contents of this press release.
1
Frankfurt Exchange:
https://www.boerse-frankfurt.de/equity/meridius-resources-ltd
2
tps://www.hecla-mining.com/casa-berardi/
3
https://www.businesswire.com/news/home/20130603005434/en/Hecla-Completes-Acquisition-Aurizon-Mines-Ltd.
4
https://www.globenewswire.com/news-release/2016/05/26/1119804/0/en/Honey-Badger-Exploration-Announces-Acquisition-of-Wemindji-
Diamond-Claims-in-Quebec.html
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