VANCOUVER, British Columbia, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is pleased to announce the appointment of Colin Burge as an Adviser to the Company effective immediately.
“We are delighted to add Colin as an Advisor to the Company. As you will read, Colin brings a wealth of porphyry knowledge and expertise to our team,” commented Peter Bernier, CEO. “We look forward to Colin’s expert engagement and assistance in guiding exploration at the Cyprus Project and future development opportunities for the Company.”
Mr. Burge is a discovery-oriented exploration geologist who retired from a 30-year career with First Quantum Minerals, Inmet Mining and predecessor companies in 2016. Colin was part of the Inmet corporate development team and led on-site geological activities that resulted in the discovery and delineation of 30 billion pounds of copper at the Cobre Panama Project. This led to First Quantum’s $5 billion acquisition of the company.
Prior to his porphyry copper work in Panama, Colin managed exploration activities at the world class Cayeli copper-rich volcanogenic massive sulphide deposit in northeast Turkey. He has also carried out project work in Peru, Australia, Nevada and Greece and began his career with Falconbridge Copper in British Columbia.
Colin has strong technical skills in the application of exploration technologies and has since retirement been engaged in property evaluations on behalf of senior and junior mining companies in Canada and the US. Colin graduated from the University of Waterloo with Bachelor of Earth Science in 1981.
“I am excited to work with the team at Prosper as exploration progresses at the Cyprus Copper Project. The recent ZTEM survey results are encouraging given the characteristics of the anomalies and the presence of copper-gold mineralization elsewhere on the project,” commented Colin Burge, “I have utilized ZTEM geophysical survey data to aid in porphyry copper-gold discoveries in the past and have found under the right conditions the data can be highly effective.”
The company also announces that it has granted 150,000 stock options (“Options”) to the chief financial officer of the Company and an aggregate of 350,000 Options to certain advisors and employees of the Company. Each Option is exercisable at a price of $0.15 per share for a period of five years and will vest equally every six months over a two-year period. The Options have been granted in accordance with the policies of the TSX Venture Exchange and the conditions of the company's stock option plan.
About the Cyprus Project
The road-accessible Cyprus Project is situated in north-central British Columbia, Canada. The 623 square kilometre Project includes the historical Kaza and Northstar copper prospects (see the Company’s February 20th, 2024 and February 26th, 2024 news releases for details) and represents a district-scale copper-gold porphyry exploration Project.
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Vice-President of Exploration for Prosper Gold and a Qualified Person under National Instrument 43-101. The results contained in this release were completed by previous operators of the Property. Although the Company was not involved in the original work in respect of these results, proper industry data verification procedures appear to have been followed.
Per: “Peter Bernier” Peter Bernier President & CEO
For further information, please contact:
Peter Bernier President & CEO Prosper Gold Corp. Cell: (250) 316-6644 Email: [email protected]
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Cyprus Project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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