Gold79 Announces Management Changes and Stock Option Grant
Gold79 Announces Management Changes and
Stock Option Grant
Ottawa, Ontario--(Newsfile Corp. - August 31, 2020) - Gold79 Mines Ltd. (TSXV:
AUU)
("Gold79" or the
"Company") is pleased to announce executive management changes. Mr. Gary Thompson has been
appointed to the position of Chief Executive Officer in addition to his role as Executive Chairman of the
Company's Board of Directors.
Mr. Robert Johansing has been appointed Vice-President, Exploration
of the Company stepping down from his prior position as Chief Executive Officer.
Mr. Johansing remains
a director of the Company.
Mr. John McNeice continues in his roles as Chief Financial Officer and
Corporate Secretary.
Mr. Gary Thompson stated,
"I am excited to take on the additional role of CEO for Gold79 just as we
have begun to execute our high-priority exploration plans at each of our southwestern USA gold
projects and to evaluate additional growth opportunities for Gold79. This transition in management
roles allows Rob Johansing to fully focus his extensive geological experience on our aggressive
exploration plans."
Additionally, the Company announces that its Board of Directors has approved a grant of stock options
to officers, directors and consultants of the Company pursuant to the Company's 2020 Stock Option
Plan.
A total of 6,050,000 stock options have been granted to acquire common shares in the capital of
the Company at an exercise price of $0.08 per share which expire on August 29, 2030.
These stock
options vest immediately. This stock option grant is subject to acceptance by the TSX Venture
Exchange.
About Gold79 Mines Ltd.
Gold79 Mines Ltd. (formerly Aura Resources Inc.) is a TSX Venture listed company engaged in the
acquisition, exploration and development of precious metal prospects in the Southwest USA. Gold79
holds 100% earn-in option and / or purchase agreements on three gold projects. The two priority projects
are located in Nevada, USA, the Jefferson Canyon Gold Project and the Tip Top Gold Project. The third
is located in Arizona, USA and is called the Gold Chain Project. Gold79 holds two projects with minority
interest being a 37.1% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle
Mines Limited and a 20% interest in the Taviche Project in Oaxaca, Mexico which is operated by
Minaurum Gold Inc.
For further information regarding this press release contact:
Gary Thompson, Executive Chairman
and Chief Executive Officer at (403) 870-1166 or by email at
Gold79's website is located at
www.gold79mines.com
.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward looking statements that are made as of the date hereof and
are based on current expectations, forecasts and assumptions which involve risks and uncertainties
associated with our business including the, the shares for debt transactions, the uncertainty as to
whether further exploration will result in the target(s) being delineated as a mineral resource, capital
expenditures, operating costs, mineral resources, recovery
rates, grades and prices, estimated goals, expansion and growth of the business and operations,
plans and references to the Company's future successes with its business and the economic
environment in which the business operates. All such statements are made pursuant to the 'safe
harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian
securities legislation. Any statements contained herein that are statements of historical facts may be
deemed to be forward-looking statements. By their nature, forward-looking statements require us to
make assumptions and are subject to inherent risks and uncertainties. We caution readers of this
news release not to place undue reliance on our forward-looking statements as a number of factors
could cause actual results or conditions to differ materially from current expectations. Please refer to
the risks set forth in the Company's most recent annual MD&A and the Company's continuous
disclosure documents that can be found on SEDAR at
www.sedar.com
. Gold79 does not intend, and
disclaims any obligation, except as required by law, to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/62813