Winshear GOLD Appoints New President
WINSHEAR GOLD APPOINTS NEW PRESIDENT
Vancouver, July 2, 2020
Winshear Gold Corp. (TSX-V: WINS) is pleased to announce that Dr . Mark V . Sander has agreed
to join the management team of the Company as President. His role will focus on accelerating
exploration and development of the Company’s Peruvian properties as the country reopens
from Covid-19-related curtailments. Dr . Sander currently serves as a member of the Board of
Directors of Winshear Gold.
Dr . Sander holds a PhD in Ore Deposits and Exploration and a MS degree in Geostatistics from
Stanford University. He is a co-founder and Principal of Plinian Capital, a private equity firm
focused on mining and exploration investment opportunities. He formerly held the successive
roles of COO, then President & CEO of Mandalay Resources Corporation. Prior to Mandalay,
he held senior management roles with BHP and Magma Copper . He founded and led the
exploration program for Magma, including the teams that made the initial discoveries of the
Resolution copper deposit beneath the historic Superior Mine (Arizona USA) and of the Oyu
Tolgoi copper deposit (Mongolia) for Magma.
Richard Williams, CEO of Winshear Gold, commented, “I am pleased to welcome Mark Sander
as our new President. In the last year Winshear Gold has transitioned to becoming a Peruvian
exploration company whereby it requires more time than I am able to provide due to other
managerial responsibilities. The board unanimously agreed that Mark is an ideal candidate to
advance the Gaban Gold Project forward.”
Dr . Mark V . Sander, President of Winshear Gold, commented, “Winshear Gold’s 2019 sampling
campaigns revealed a 350 by 1000 metre, unbounded bedrock gold anomaly at our Gaban
project in Puno, Peru, coincident with a prominent aeromagnetic anomaly (see press release
of June 4, 2020). We are eager to accelerate our exploration efforts and planning to resume
field work in the next six weeks as Peru reopens. Our goal is to complete at least four more
sampling campaigns in 2020 to determine the full extent of the gold mineralization identified
in 2019 which remains open in all directions. To date vein sampling locations that have
returned anomalous gold assays also commonly show gold in hand samples that are crushed
and panned in the field. Gold panning allows us to expand our sample coverage quickly and
cost effectively in real-time, until we reach the edges of the anomalous zone. As well, we will
continue to advance permitting for an anticipated initial drill program in the 2021 season. I
am extremely excited for the opportunity to participate in the growth of Winshear and the
advancement of the Gaban gold project.”
About Winshear Gold Corp
In 2019 Winshear Gold Corp. acquired the Gaban Gold Project in the Puno region, SE Peru and
the Tinka IOCG project in the Ica district, southern Peru, from Palamina Corp. The Company,
formerly Helio Resource Corp., has also delivered notice to the Tanzanian government to
commence arbitration to recover its investment in the SMP gold project in Tanzania.
For more information please contact Irene Dorsman at (604) 210-8751 or by e-mail at
irene@winshear .com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard D. Williams, P .Geo
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautions Regarding Forward-Looking Statements
This news release includes certain statements and information that may contain forward-looking information
within the meaning of applicable Canadian securities laws. All statements in this news release, other than
statements of historical facts, including, if any, those related to the likelihood of commercial mining or the ability
to fund future mine development are forward-looking statements and contain forward-looking information. Such
forward-looking statements and forward-looking information specifically include, but are not limited to,
statements concerning: Company plans at the Gaban project, the Company’s ability to fund the projects in Peru,
and any Company plans in relation to Tanzania.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as
“intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or
results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and they are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including the risks normally involved in the exploration, development
and mining business or as may be otherwise set out in the Company’s filings with Canadian securities regulatory
agencies. Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward -looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements and forward-looking information. The Company does not undertake to update
any forward-looking statements or forward-looking information that are incorporated by reference herein,
except in accordance with applicable securities laws.