TSX: TML
OTCQX: TSRMF
TORONTO, May 5, 2021 /CNW/ - Treasury Metals Inc.
(TSX: TML) (OTCQX: TSRMF) ("Treasury" or the
"Company") is pleased to announce the appointment of Clinton
Swemmer to the newly created position of Vice President, Projects
effective May 5, 2021.
Mr. Swemmer brings more than 20 years of Project Delivery
experience to his role at Treasury. Most recently, he was Vice
President of Project Delivery, North
America for Ausenco, an EPC/M company focused on the metals
and mining industry where he managed the teams responsible for
the EPC Awards of the Magino Gold Mine, Las Chispas Mine and
Blackwater Gold Mine. He was also accountable for reviewing all
Pre-Feasibility Studies (PFS) and Feasibility Studies (FS)
execution strategies and layouts such as Marathon Gold Mine and
Springpole Gold Project. Previously, he served as Director of
Projects, Mining and Minerals for AmecFosterWheeler, where he was
Project Manager for the Kinross Gold Round Mountain and Bald
Mountain Projects, was actively involved in the development of the
IAMGOLD Côté Gold Project as well managed the portfolio for PFS and
FS that included the Spring Valley Gold Mine and the Sukhoi Log
Gold Mine. In addition, he previously served as Vice
President of Projects for DRA Americas responsible for all PFS, FS,
and Projects in the region that included delivery of the Renard
Diamond Mine processing facility and numerous cold weather coal
projects. In this role, he has also been an Independent
Expert for numerous financial institutions involved with projects
such as the Gahcho Kue Diamond Mine and the Brucejack Gold
Mine. Prior to that, he spent 10 years in Africa developing numerous studies to World
Bank Standards and executing numerous precious metal and base metal
projects including working for LionOre Mining (acquired by Norilsk
Nickel) supporting the development of Tati Nickel Mine in
Botswana. Mr. Swemmer holds a First Class Honours Bachelor of
Engineering degree from the University of Hertfordshire, is a
Professional Engineer (Pr. Eng) of Ontario and a member of the
Project Management Institute where he is an active PMP member.
"We are excited to bring Clinton on board as we move the Goliath
Gold Complex through the technical studies and progress the project
to a construction decision in late 2023," said Jeremy Wyeth, Treasury's President and
CEO. "Clinton's vast project experience will be a great
addition to the team that we are building at Treasury Metals.
It is valuable to build a team at this stage in the project
development cycle that can take us to the finish line and we
believe Clinton's expertise and experience will be an important
addition to Treasury in our goal of developing Ontario's next gold mine."
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused company with assets
in Canada. Treasury's Goliath Gold Complex ("GGC"),
which includes the Goliath, Goldlund and Miller projects, is
located in Northwestern Ontario. The GGC projects benefit
substantially from excellent access to the Trans-Canada Highway,
related power and rail infrastructure, and close proximity to
several communities including Dryden, Ontario. The Company also owns several other
projects throughout Canada, including the Lara Polymetallic
Project, Weebigee-Sandy Lake Gold Project JV, and grassroots gold
exploration property Gold Rock.
To view further details about Treasury, please visit the
Company's website at www.treasurymetals.com.
Twitter @TreasuryMetals
Forward-Looking Statements
This release includes
certain statements that may be deemed to be "forward-looking
statements". All statements in this release, other than statements
of historical facts, that address events or developments that
management of the Company expect, are forward-looking statements.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"plans", "projects", "intends", "estimates", "envisages",
"potential", "possible", "strategy", "goals", "objectives", or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions. Actual results or developments may differ materially
from those in forward-looking statements. Treasury disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws.
Since forward-looking information address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited to, exploration and production for
precious metals; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the
uncertainty of resource estimates; health, safety and environmental
risks; worldwide demand for gold and base metals; gold price and
other commodity price and exchange rate fluctuations; environmental
risks; competition; incorrect assessment of the value of
acquisitions; ability to access sufficient capital from internal
and external sources; and changes in legislation, including but not
limited to tax laws, royalties and environmental
regulations.
Actual results, performance or achievement could differ
materially from those expressed in, or implied by, the
forward-looking information and, accordingly, no assurance can be
given that any of the events anticipated by the forward-looking
information will transpire or occur, or if any of them do so, what
benefits may be derived therefrom and accordingly, readers are
cautioned not to place undue reliance on the forward-looking
information.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE Treasury Metals Inc.