30 May 2019 – Vancouver, British Columbia: Altan Nevada Minerals Limited (the “Company” or “Altan Nevada”) (TSX-V:ANE) announces that the Company has accepted the resignation of Evan Jones as Chief Executive Officer. Mr Evan Jones will continue to serve as a non-executive Director of the company. Altan Nevada’s Chairman Mr John Jones wishes to thank Evan for his service to the Company on behalf of all shareholders and appreciate his desire to remain a director of the Company moving forward.
As a result of Mr. Jones’ resignation, the Company is pleased to announce that Paul Stephen has been appointed Chief Executive Officer and Corporate Secretary. The Company has also appointed Barry Bourne as Vice President of Exploration.
Mr. Stephen has also joined the Company’s board of directors, to hold office until the next annual meeting of the Company. It is the intention of Company management to nominate Mr. Bourne as a director of the Company and seek shareholder approval to fix the number of directors at six at the next annual general meeting of the Company.
Mr Stephen has a Bachelor of Commerce degree from the University of Western Australia and is a member of the Australian Institute of Company Directors. He has held directorships across both ASX and London publicly listed companies and has a strong knowledge of operations and compliance across multiple jurisdictions. Mr Stephen Co-founder and Executive Director of Crusader Resources Ltd oversaw the discovery, development and operations of the Posse Iron Ore mine in Brazil. In addition Mr Stephen managed the discovery and delineation of over 2.6 million ounces of gold whilst operating in Brazil resulting in the company being valued at over $160M. Mr Stephen has extensive operational experience in mine site servicing and contracting as a founder and Managing Director of Integrated Fuel Services a West Australian company specialising in providing fuel services to mining and aviation throughout Western Australia.
Barry Bourne BSc(Hons), FAIG, MSEG, MAICD is a Principal and Founder of Terra Resources Geophysical and Geological consultants. Barry has advanced global knowledge of targeting epithermal and porphyry style mineralization which includes three years in the USA exploring for porphyry and Carlin style gold mineralisation in Utah and Nevada. He also has six years in-country exploration experience in Papua New Guinea, Africa and South America and is jointly credited with exploration success at Casale, Chile (Luciano Cluster), Kabanga, Tanzania (extension), Tusker, Tanzania (Kilimani Zone) and Ruby Hill, USA (Bullwhacker Extension). Up until 2013 he was Chief Geophysicist for Barrick Gold and is now a mineral exploration consultant to private and public international exploration groups. Barry graduated in geology and geophysics from the University of Western Australia (UWA). He is a Fellow of the Australian Institute of Geoscientists and is currently on the technical advisory committee for UWA Centre for Exploration Targeting.
About Altan Nevada’s Venus Copper Project
The Company’s Venus Copper Project (the “Venus Project“) is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement of development of Nevada Copper Corp.’s (TSX:NCU) Pumpkin Hollow Copper Mine (“Pumpkin Hollow“) immediately to the north and less than one mile from the tenement boundary which is expected to produce an average 50 million pounds of copper annually over 23 years commencing mid-2019. A news release highlighting the most recent exploration activities and potential for the Venus Project was released on February 5, 2019. The Venus Project is considered to have the potential for the discovery of new deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with characteristics similar to Pumpkin Hollow.
Forward-looking Statements
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Altan Nevada to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Actual results may differ materially from those currently anticipated in such statements, and the Company undertakes no obligation to update such statements, except as required by law.
On behalf of Altan Nevada Minerals Limited
For more information contact:
John L C Jones
Email: [email protected]
+61 9322 1788
Paul Stephen
Email: [email protected]
+61 9322 1788