- David Forest, founder of
Sunward Resources Ltd, currently COO of Condoto Platinum and VP
Exploration for Asia Pacific
mining, appointed to Firesteel's board of directors;
- Dr. Peter Pollard, Chairman
of Kalimantan Gold Corporation Ltd., director of Hunter Bay
Minerals PLC and G4G Resources, appointed to Firesteel's board of
directors;
- Lloyd Worthing resigns as
director from the board of Firesteel Resources.
VANCOUVER,
Sept. 4, 2013 /CNW/ - Firesteel
Resources Inc. ("Firesteel" or the "Company") (TSX-V: FTR)
announces the appointment of David Forest and Dr. Peter Pollard to Firesteel's board of directors
and the resignation of Lloyd
Worthing from its board of directors.
Mr. Michael
Hepworth, President & CEO stated, "We wish Lloyd Worthing every success and thank him for
his many years of service and contribution on Firesteel's
board. Firesteel is delighted to announce the appointment of
Dave Forest and Peter Pollard to the
Company's Board of Directors. These appointments add
significant geological and capital markets strength to our board.
We now have a solid team of experienced directors who can also help
us achieve our prospect generator strategy more rapidly.
Peter is an international authority on copper porphyries and Dave's
geological, financial and capital markets experience, both skill
sets will be invaluable as we develop Firesteel to its full
potential."
About David
Forest:
David Forest is a
geologist with a decade of experience in the mining, oil & gas
and environmental sectors. He currently serves as Chief Operating
Officer of Condoto Platinum NL, a publicly listed company on the
ASX, which holds a ground-breaking agreement to explore for
platinum and other metals in cooperation with indigenous
Afro-Colombian groups in Choco, western Colombia. Mr. Forest is also Vice-President
Exploration for Asia Pacific Mining Limited, a private company
among the first western firms to apply for mineral licenses in the
newly-opened nation of Myanmar.
Mr. Forest is a founder and former Chief
Operating Officer of Sunward Resources Ltd., a TSX listed
copper-gold company with assets in Colombia. During his time as Chief
Operating Officer, the company expanded its Titiribi copper-gold
project in Antioquia, Colombia
from 3.7 million ounces of resource to over 11 million ounces. He
was also instrumental in raising over $80
million in financing for Sunward Resources Ltd.
Mr. Forest is a former investment analyst with
Casey Research, and a frequent presenter at conferences and on
business television. He is author of the Pierce Points Free Daily E-Letter covering
breaking developments in natural resources and finance.
About Dr. Peter
Pollard:
Dr Peter Pollard
is a consulting economic geologist with over 25 years of experience
in project generation and evaluation, principally in copper, gold
and tin deposits worldwide.
He is currently chairman and non-executive
director of Kalimantan Gold Corporation Limited and a non-executive
director of Hunter Bay Minerals plc. and also a non-executive
director of G4G Resources Limited.
Dr. Pollard has extensive porphyry and skarn
Cu-Au experience gained through major international assignments
with PT Freeport Indonesia, Ivanhoe
Mines, Minera Escondida, NICICO, Intergeo, Asia Gold, CVRD, Penoles and Ok Tedi.
He holds a Bachelor of Science (Hons) and PhD
degrees in geology from James Cook University, Australia and is a member of the Australasian
Institute of Mining and Metallurgy (Chartered Professional) and a
Fellow of the Society of Economic Geologists. Dr Pollard has been
an employee of Pollard Geological Services Pty. Ltd. for 25 years
providing consultancy services and training courses to the minerals
exploration and mining industries worldwide.
In conjunction with their appointment to the
board, Mr. Forest and Dr. Pollard have each been granted 150,000
options, exercisable at $0.10 per
share for a period of five years.
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TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
Advisory Regarding Forward Looking
Statements
This news release contains forward-looking
statements. Users of forward-looking statements are cautioned that
actual results may vary from forward-looking statements contained
herein. Forward-looking statements include, but are not limited to:
expectations, opinions, forecasts, projections and other similar
statements concerning anticipated future events, conditions or
results that are not historical facts. In certain cases,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". While the Company has
based these forward-looking statements on its expectations about
future events as at the date those statements were prepared, the
statements are not a guarantee of the Company's future
performance. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurance that such expectations
will prove to be correct.
The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement
and are made as of the date of this new release. Unless
otherwise required by applicable securities laws, the Company does
not intend nor does it undertake any obligation to update or review
any forward-looking statements to reflect subsequent information,
events, results or circumstances or otherwise.
SOURCE Firesteel Resources Inc.