Sterling Metals Strengthens Team with Key Appointments
Sterling Metals Strengthens Team with Key Appointments
TORONTO, ON / January 24, 2023 / Sterling Metals Corp.
(TSXV:SAG)(OTCQB:SAGGF) ("Sterling Metals" or the "Company") is pleased to
announce the appointment of Dr. Neil O'Brien, PhD, and Dr. Stephen J. Piercey, PhD, P.Geo.,
FGC, to its technical advisory board. Sterling Metals has also promoted Mr. Jeremy Niemi to
Senior Vice President, Exploration and Evaluation. The appointments come at a critical time in
the Company's growth with the recent expansion of the mineral footprint at Sail Pond and a
concentrated effort to unlock the geological potential property wide.
"We are thrilled to welcome Dr. O'Brien and Dr. Piercey at a pivotal time in our growth," said
Mathew Wilson, President, and Chief Executive Officer of Sterling Metals. " Dr. O'Brien's vast
expertise as a senior executive at Lundin Mining and Dr. Piercey's deep exploration experience
on the origin of mineral deposits, will be invaluable to us as we work to better understand the
Sail Pond Project's geological potential as a brand-new discovery in Newfoundland."
Mr. Wilson continued, "Additionally, we are excited to have Mr. Niemi move into the role of
Senior Vice President Exploration and Evaluation. Jeremy has been an integral part of the
exploration team this past year. He has a terrific track record across deposit and metal types,
advancing projects from their initial discovery through to advanced stage resources. He will
continue to lead the exploration strategy and build on the recent successes at Sail Pond."
Dr. Neil O'Brien is a consulting economic geologist and former mining executive with a PhD
from Queen's University in Geological Sciences and over three decades of industry service with
expertise in base metal and polymetallic mineral systems, including silver-rich polymetallic
deposits. Dr. O'Brien has international experience on six continents in all stages of mineral
exploration and development of economic mineral resource projects, mining project evaluation
and strategic corporate development activities. He retired in 2018 from Lundin Mining
Corporation as Senior Vice President, Exploration and New Business Development, the longest
serving member of an executive team that successfully built a significant international base metal
mining and mineral resource development company. Dr. O'Brien is currently President of
MOAR Consulting Inc. and has experience as a director of several private and publicly traded
companies, including NGEx Minerals, a Lundin Group company.
Dr. Stephen J. Piercey is an award-winning geologist with over 25 years of experience in
academia and in the field. He is currently the President Elect of the Society of Economic
Geologists, and a Professional Geoscientist (P.Geo.) in Newfoundland and Labrador and
Ontario. He was awarded Fellow of Geoscientists Canada for his contributions to the geoscience
profession in Canada and previously won the Lindgren Medal (SEG), W.H. Gross Medal (GAC),
Howard Street Robinson Medal (MDD-GAC), and Hutchison Medal (GAC). Dr. Piercey holds
BSc (Hons) and MSc degrees from Memorial University of Newfoundland, Canada and a PhD
from the University of British Columbia, Canada. His experience includes Assistant and
Associate Professor in the Department of Earth Sciences and Mineral Exploration Research
Centre at Laurentia/n University, NSERC-Altius Industrial Research Chair in Mineral Deposits
at Memorial University, and full-time consulting geologist and the Principal of
SJPGeoConsulting. Dr. Piercey continues to consult to the mineral industry on a part-time basis
and currently holds the rank of University Research Professor at Memorial University. His
research, teaching, and consulting interests involve integrated field- and laboratory-based studies
focused on the origin and exploration for mineral deposits, and their relationships to the tectonic
and magmatic evolution of mountain belts. He has undertaken research and consulting in most
provinces and territories in Canada, in numerous countries internationally, and on the modern
seafloor.
The Company is also pleased to announce that it has engaged Momentum IR Corp.
("Momentum") a Toronto based investor relations and corporate communications firm, to
provide investor relations and advisory services. The initial term of the engagement agreement is
for 12 months with a monthly retainer of $8,500 per month. There are no performance factors
contained in the agreement.
In connection with the appointments and the consultancy engagement, Sterling Metals granted an
aggregate of 2,000,000 options to purchase common shares of the Company exercisable at a
price of $0.21 per common share for a period of two (2) years to directors, officers and
consultants of the Company. The common shares issuable upon exercise of the options are
subject to a four month hold period from the original date of grant.
About Sterling Metals
Sterling Metals (TSXV: SAG) is a mineral exploration company focused on Canadian
exploration opportunities. The company is currently exploring for silver and base metals at the
Sail Pond project in Northwestern Newfoundland. Sterling owns 100% of the 13,500 Ha Sail
Pond Project.
For more information, please contact:
Sterling Metals Corp.
Mathew Wilson, President and CEO
(416) 643-3887
www.sterlingmetals.ca
Cautionary Statement Regarding "Forward-Looking" Information
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This news release contains certain "forward-looking information" within the meaning of
applicable securities laws. Forward looking information is frequently characterized by words
such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will",
"would", "potential", "proposed" and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only predictions. Forward-looking
information is based on the opinions and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward-looking
information. For a description of the risks and uncertainties facing the Company and its business
and affairs, readers should refer to the Company's Management's Discussion and Analysis. The
Company undertakes no obligation to update forward-looking information if circumstances or
management's estimates or opinions should change, unless required by law. The reader is
cautioned not to place undue reliance on forward-looking information.
SOURCE: Sterling Metals Corp.