West Red Lake Gold Mines Strengthens Leadership: Shane Williams Appointed President and CEO, Duncan Middlemiss Joins as Independent Director
06 Giugno 2023 - 1:00PM
West Red Lake Gold Mines Ltd. (“West Red
Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)
(OTCQB: WRLGF) is pleased to announce the
appointment of Shane Williams as President and CEO, effective June
1, 2023, succeeding Tom Meredith, who becomes Executive Chairman.
The Company is also pleased to report Mr. Duncan Middlemiss has
joined West Red Lake Gold as an independent director. These
strategic appointments are part of ongoing changes at the Company
in relation to the acquisition of the Madsen gold mine to position
West Red Lake Gold for future success.
Shane Williams is an accomplished mining
executive and engineer, renowned for his track record of
executional excellence in successful mine restarts and builds. With
extensive experience in Canada’s gold mining sector, his expertise
is highly relevant to his new position.
As the Chief Operating Officer at Skeena
Resources from 2020 to 2023, Mr. Williams played a pivotal role in
advancing the past-producing Eskay Creek gold mine in B.C. towards
a restart. His leadership, team-building and business development
contributed to a remarkable fivefold increase in market value for
Skeena during his tenure.
From 2013 to 2019, Mr. Williams held various
leadership positions at Eldorado Gold, culminating in his role as
Senior Vice President overseeing Canadian and Greek operations.
Under his guidance, the Lamaque gold project in Quebec progressed
from a Preliminary Economic Assessment to a fully operational mine
in 18 months. Mr. Williams also served as Project Director for
Eldorado's Greek assets, successfully developing the Skouries and
Olympias projects with a combined capital expenditure exceeding
US$1 billion. Prior to his tenure at Eldorado Gold, Mr. Williams
was involved with several thriving operations in progressively
senior roles around the world.
Mr. Williams holds a B.Eng. in Electrical
Engineering from the Dublin Institute of Technology, Ireland, and
an M.Sc. in Project Management from the University of Limerick,
Ireland.
“I am thrilled to join West Red Lake Gold as
President and CEO to move forward the Company’s remarkable assets,”
commented Mr. Williams. “I see a major opportunity here to
establish a significant mining company. Our goal is to build the
premier growth-focused gold company. We will expand and de-risk the
Company’s assets through comprehensive and modern techniques.
Getting Madsen back up and running better than ever is just one
part of our vision to create a world-class company and I will bring
all of my energy to the role."
"I am pleased to welcome Shane Williams as the
new President and CEO of West Red Lake Gold. His impressive track
record in the mining sector and his ability to build
high-performance teams and cultures make him an excellent fit for
the Company. We are fortunate to have someone with his expertise,
energy, and enthusiasm leading this venture with us. I am genuinely
excited to see the positive impact he will have on the Company’s
future," commented Frank Giustra, advisor and major shareholder. “I
also want to thank Tom Meredith for his tireless efforts over the
past several years in advancing the Company to where it is now. In
his new role as Executive Chairman, we will continue to rely on his
expertise as we build further on the Company’s success.”
West Red Lake Gold is pleased to announce the
appointment of Duncan Middlemiss as independent director, following
the resignation of Ryan Weymark, who will continue supporting the
Company in an advisory role.
Mr. Middlemiss, a professional engineer (P.Eng),
brings a wealth of experience in Canada’s gold mining sector to the
position. He previously served as the CEO of Wesdome Gold Mines and
St. Andrew Goldfields. With a B.Sc. in mining engineering from
Queen's University, Mr. Middlemiss has held significant roles at
Inco Limited, Barrick Gold Inc., and Foxpoint Resources (now Agnico
Eagle Mines). His expertise contributed to the successful restart
of the Macassa Mine. Born and raised in Kirkland Lake, Ontario, Mr.
Middlemiss possesses extensive knowledge of gold deposits in the
Abitibi Greenstone Belt. Mr. Middlemiss also served as the Past
Chair of the Ontario Mining Association and remains actively
engaged with the organization.
Tom Meredith commented, “It has been a pleasure
leading the excellent team at West Red Lake Gold. I am looking
forward to working closely with Shane and Duncan in my new role as
Executive Chairman. Over the past couple months, we have taken a
great many strides forward and are becoming a name synonymous with
the Red Lake Gold camp. Both Shane and Duncan add incredible
leadership and bench strength to an already talented group.”
ABOUT WEST RED LAKE GOLD MINES
LTD
West Red Lake Gold Mines Ltd. is a mineral
exploration company that is publicly traded and dedicated to
creating value for its shareholders by discovering new gold mines
in the highly productive Red Lake Gold District of Northwest
Ontario, Canada. This district has yielded 30 million ounces of
gold from high-grade zones and hosts some of the world's richest
gold deposits. The Company recently entered into a binding
agreement to acquire the Madsen Gold Mine and its associated 47 Km2
highly prospective land package. WRLG also holds the wholly owned
Rowan Project in Red Lake, with an expansive property position
covering 31 Km2 including three former gold mines - Rowan, Mount
Jamie, and Red Summit.
ON BEHALF OF WEST RED LAKE GOLD MINES
LTD.
“Tom Meredith”
Tom
Meredith Executive
Chairman
FOR FURTHER INFORMATION, PLEASE CONTACT:Amandip
Singh, VP Corporate DevelopmentTel: 416-203-9181 Email:
asingh@wrlgold.comor visit the Company’s website at
https://www.westredlakegold.com
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.
The TSX Venture Exchange has neither approved
nor disapproved the contents of this news release. Certain
statements contained in this news release constitute
"forward-looking statements". When used in this document, the words
"anticipated", "expect", "estimated", "forecast", "planned", and
similar expressions are intended to identify forward-looking
statements or information. These statements are based on current
expectations of management, however, they are subject to known and
unknown risks, uncertainties and other factors that may cause
actual results to differ materially from the forward-looking
statements in this news release. Readers are cautioned not to place
undue reliance on these statements. West Red Lake Gold Mines Ltd.
does not undertake any obligation to revise or update any
forward-looking statements as a result of new information, future
events or otherwise after the date hereof, except as required by
securities laws.
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