Golden Tag Proposes Name Change to Silver Storm Mining and Initiates 2023 Brand Awareness Program
Golden Tag Proposes Name Change to Silver
Storm Mining and Initiates 2023 Brand
Awareness Program
Toronto, Ontario--(Newsfile Corp. - September 13, 2023) - Golden Tag Resources Ltd. (TSXV: GOG)
(OTCQB: GTAGF) (FSE: GTD) ("
Golden Tag
" or the "
Company
") is pleased to announce that, subject
to the receipt of all required regulatory and shareholder approvals, it intends to change the company
name from "
Golden Tag Resources Ltd.
" to "
Silver Storm Mining Inc.
".
Greg McKenzie, President & CEO of Golden Tag said
"We are initiating the name change to better
reflect the Company's strategic goal to become a Latin American focused silver producer. The
Company's recently completed acquisition of the La Parrilla Silver Mine Complex ("
La Parrilla
") located
in Durango, Mexico, is the first step in this process. With the potential of La Parrilla, management sees
great opportunities to build shareholder value driven by a highly focused silver company successfully
branded and marketed as 'Silver Storm'."
The proposed name change is subject to regulatory approval, including that of the TSX Venture
Exchange, and receipt of shareholders' approval at the Annual General and Special Meeting of
shareholders to be held on October 30, 2023. Further details regarding the name change will be
announced prior to the effective date.
Additionally, the Company has initiated a program for 2023 to increase investor awareness and improve
trading liquidity of the Company's shares on the TSXV, the OTCQB, and the Frankfurt Stock Exchange.
Greg McKenzie, President & CEO of Golden Tag further commented
"We are pursuing additional
efforts to increase our messaging and brand awareness across a number of platforms following on from
the acquisition of La Parrilla. This program, we believe, will help investors understand the significant
value proposition of owning shares in Golden Tag. The La Parrilla Complex has a long history of
production and hosts significant in-place infrastructure including a 2,000 tpd processing facility. Our
upcoming drill campaign to infill and step-out in proximity to existing development is intended to show the
strong resource upside at the mine. We look forward to meeting with our investor base over the coming
months."
The program will have an estimated cost of approximately Cdn$400,000 consisting of the following:
Provider
Services
Term
Cost
Phenom Ventures
LLC
Digital marketing
services to increase
public awareness of the
Company and its
business.
Significant US
exposure to high net
worth individuals.
9 months commencing
April 2023
US$175,000
NAI Interactive Ltd.
Advanced online &
social media program
for Chinese and English
readers online through
social media, the
NAI500 website and
email subscription list.
9 months commencing
April 2023, thereafter,
may be renewed upon
mutual written
agreement of the
parties.
Cdn$25,000
GOLDINVEST
Consulting GmbH
Digital marketing
services targeted to the
German speaking
financial community
through the
GOLDINVEST.de portal.
GOLDINVEST will also
provide news release
translation services.
12 months commencing
April 2023, thereafter,
may be renewed for a
further 6 months upon
mutual agreement of the
parties.
€30,000
Arne Lutsch
Digital marketing and
social media services
including written and
video content and
discussion targeted at
investors in Europe.
8 months commencing
April 2023.
Cdn$24,400
WSS Ltd.
Advanced online &
social media program,
with comprehensive
coverage of news
releases, interviews and
other company
generated content.
12 months commencing
August 2023
Cdn$60,000
Eric Wetterling
Website sponsorship,
coverage of Company
news, and social media
support.
12 months commencing
August 2023
US$10,000
About Golden Tag Resources
Golden Tag Resources Ltd. is focused on advanced stage silver projects located in Durango, Mexico.
Golden Tag recently completed the acquisition of the La Parrilla Silver Mine Complex, a prolific complex
which is comprised of five underground mines and a past producing open pit that collectively produced
34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds the San Diego
Project which is among the largest undeveloped silver assets in Mexico. For more information regarding
the Company and its projects, please visit our website at
www.goldentag.ca
.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: 416-504-2024
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward-looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking
information' in the Canadian Securities Administrators' National Instrument 51-102 - Continuous
Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-
looking statements include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are based on information currently
available to the Company, the Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking information. Forward-looking
information in this news release includes, but is not limited to, the effectiveness of the brand
awareness and messaging campaigns, to initiate a rebranding process & change the name of the
Company, the ability to eventually place the La Parrilla Complex back into production and the future
exploration performance at La Parrilla.
Forward-looking statements and information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of the Company to control or predict, that may
cause the Company's actual results, performance or achievements to be materially different from
those expressed or implied thereby, and are developed based on assumptions about such risks,
uncertainties and other factors set out herein, including, but not limited to, there being no assurance
that the Company's future exploration programs will grow the Mineral Resource base or upgrade
Mineral Resource confidence, the risk that the assumptions referred to above prove not to be valid or
reliable, the risk that the Company is unable to achieve its goal of placing La Parrilla back into
production; market conditions and volatility and global economic conditions including increased
volatility and potentially negative capital raising conditions resulting from the continued or escalation
of the COVID-19 pandemic, risk of delay and/or cessation in planned work or changes in the
Company's financial condition and development plans; risks associated with the interpretation of data
(including in respect of third party mineralized material) regarding the geology, grade and continuity of
mineral deposits, the uncertainty of the geology, grade and continuity of mineral deposits and the risk
of unexpected variations in Mineral Resources, grade and/or recovery rates; risks related to gold,
silver and other commodity price fluctuations; employee relations; relationships with and claims by
local communities and indigenous populations; availability and increasing costs associated with
mining inputs and labour, the speculative nature of mineral exploration and development, including
the risks of obtaining necessary licenses and permits and the presence of laws and regulations that
may impose restrictions on mining, including the Mexican mining reforms; risks relating to
environmental regulation and liability; the possibility that results will not be consistent with the
Company's expectations.
Such forward-looking information represents managements and Qualified Persons (in the case of
technical and scientific information) best judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements or
information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/180384