Experienced Mining Executives
W. John DeCooman Jr. appointed to
the Board and Gerardo Fernandez
appointed as a Board advisor as the Company progresses towards the
planned recommencement of operations at the Reliquias Mine in
2025
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NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES/
TORONTO,
Jan. 24,
2024 /CNW/ - Silver Mountain Resources Inc.
(TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain"
or the "Company") is pleased to announce that W.
John DeCooman Jr. has been appointed
as a director of the Company and Gerardo
Fernandez has been appointed as a board advisor, each
effective January 23,
2024.
Mr. DeCooman has nearly 30 years of
executive leadership and director experience relating to corporate
strategy, finance, metals concentrate sales, capital markets,
mergers, acquisitions and divestitures. From 2020 to 2023, Mr.
DeCooman led the start-up of Sweetwater Royalties
("Sweetwater") as President and CEO, a $1.3 billion, privately-held base and industrial
minerals royalty company. Prior to Sweetwater, Mr. DeCooman was
Senior Vice President for Business Development and Strategy at SSR
Mining from 2009 to 2020. Mr. DeCooman also served in various
analyst and investment capacities for more than ten years in
banking. Mr. DeCooman is a graduate of The Pennsylvania State University with a Bachelor of
Science, Mineral Economics and the Colorado
School of Mines with a Master of Science, Mineral
Economics.
Mr. Fernandez is an experienced mining
executive with substantial business and operational experience in
the mining industry. Mr. Fernandez is currently the Chief
Development Officer of Allied Gold Corporation and acts as a
strategic advisor to Adventus Mining Corporation. Mr. Fernandez was
previously Senior Vice President, Corporate Development of Yamana
Gold Inc., having worked in several leadership positions in
operations, strategic planning and project development. Mr.
Fernandez holds a Masters of Business Administration (Nevada, USA) and degrees in Civil Mining
Engineering and BSc. Engineering from the University of
Chile.
"It is with great pleasure that we announce
Mr. DeCooman as the newest member of our board of directors and Mr.
Fernandez as a board advisor. Each of Mr. DeCooman and Mr.
Fernandez are accomplished mining executives with significant
experience in the industry, through project finance, advisory and
leadership roles. We have no doubt that their extensive knowledge
of, and involvement in, the resource sector will provide value to
Silver Mountain and its shareholders as the Company advances
towards the commencement of operations at the Reliquias Mine in
2025," stated Jose Vizquerra, the
Chairman of the Company.
About Silver Mountain Resources
Inc.
Silver Mountain is a silver explorer and
mine developer planning to restart production at the Reliquias
underground mine and undertake exploration activities at its
prospective silver camps at the Castrovirreyna Project in
Huancavelica, Peru.
For additional information in respect of
the Castrovirreyna Project, please refer to the Company's technical
report, titled NI 43-101 Technical Report Mineral Resource Estimate
for the ReliquiasMine, Huancavelica- Peru, dated March 27,
2023, effective date March 18,
2023, available at www.sedarplus.ca.
For further information about our drill
program, including cross sections of the main veins with drill hole
locations, please refer to our corporate presentation, available on
our website at www.agmr.ca
Silver Mountain's subsidiary Sociedad
Minera Reliquias S.A.C. owns 100% of its concessions andholds more
than 60,000 hectares in the district of Castrovirreyna,
Huancavelica, Peru.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, "forward-looking
statements") that relate to Silver Mountain's current
expectations and views of future events. Any statements that
express, or involve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as
"will likely result", "are expected to", "expects", "will
continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection",
"strategy", "objective" and "outlook") are not historical facts and
may be forward-looking statements and may involve estimates,
assumptions and uncertainties which could cause actual results or
outcomes to differ materially from those expressed in such
forward-looking statements. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this
news release.
Forward-looking statements are based on a
number of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond Silver Mountain's control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to, the factors set forth under "Caution Regarding
Forward-Looking Statements" and "Risk Factors" in the
Company's annual information form dated August 14, 2023, and other disclosure documents
available on the Company's profile at www.sedarplus.ca. Silver
Mountain undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for Silver
Mountain to predict all of them or assess the impact of each such
factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. Any forward-looking
statements contained in this news release are expressly qualified
in their entirety by this cautionary statement.
SOURCE Silver Mountain Resources Inc.