Trius Adds Renowned Stares Brothers as Newfoundland Exploration Advisors
01 Octobre 2020 - 1:45PM
Trius Investments Inc. (TSXV: TRU) (“Trius” or the “Company”) is
pleased to announce that both Alexander “Sandy” Stares and Stephen
Stares have agreed to serve as property advisors to the Company, in
connection with the Company’s proposed acquisition of the Toogood
Arm exploration property in central Newfoundland (the “Toogood Arm
Property”) as announced on September 24, 2020.
Both Alexander and Stephen are members of
Newfoundland’s prolific Stares-Keats extended family, which
received the Prospectors and Developers Association of Canada’s
(PDAC) Bill Dennis Prospector of the Year Award in 2007. This award
was given to recognize the family’s contributions to the mineral
exploration industry for the past 40 years.
Alexander Stares Alexander “Sandy” Stares comes
from a family with a long line of prospectors. He has in excess of
25 years’ experience in mineral exploration, spanning a variety of
Canadian geological terranes, from Newfoundland to Yukon. He has
also completed several tours prospecting in Indonesia and Mexico.
Sandy has worked with IndoMetals, Rubicon Minerals Corporation,
Freewest Resources of Canada, New Millenium, Lac Des Isle Mines,
and Noranda. He was instrumental in the discovery of the H-Pond
Gold Prospect and the Lost Pond Uranium Prospect. He also
discovered numerous major mineral occurrences in Canada and abroad
which have been the subject of extensive exploration programs.
Sandy is also a Director of White Metal
Resources, a Director of Leocor Gold Inc., and a Director of the
Qalipu Development Corporation, and an alternate Director of the
Newfoundland and Labrador Prospectors Association. He assumed the
role of President and CEO of Metals Creek Resources in December of
2007. In February 2013, Sandy was awarded the Queen Elizabeth II
Diamond Jubilee Medal for his dedication to his Peers, Community,
Canada and the Prospecting Community.
Prior to his exploration career, Mr. Stares
served in the Canadian Air Force for 15 years and was awarded the
Deputy Commander in Chief of NORAD “Certificate of Achievement”
Award for exceptional performance.
Stephen Stares Stephen Stares is a successful
business entrepreneur with over 30 years of experience in mineral
exploration. Stephen’s first 7 years were spent with Noranda
Exploration on such projects as the Hemlo gold mines, Eagle River
gold deposit and the Geco and Mattabi base metal camps. The next
ten years of Stephen’s career were spent managing the operations of
Stares Contracting Corp., a successful mineral exploration services
company in Thunder Bay, Ontario.
Stephen is currently President and CEO of Benton
Resources Inc. since founding it in 2004. He has been directly
involved in the start-up of 10 publicly traded companies on the TSX
Venture Exchange by assembling projects of merit and raising
millions of dollars for these junior exploration companies.
Throughout his career, Stephen has discovered several major mineral
occurrences in Canada that have been the subject of extensive
exploration programs.
Stephen was also awarded the North Western
Ontario Prospectors Association (NWOPA) discovery of the year award
for 2000 and 2017, and also awarded the prestigious NWOPA Dave
Christianson Lifetime Achievement award in 2019.
Management Commentary Joel Freudman, Trius’
President and CEO, said, “We’re thrilled to add both Sandy and
Stephen as property advisors to the rapidly-developing Newfoundland
gold exploration segment of our portfolio. Their track records and
connections in Newfoundland will be vital in helping Trius source
further mineral exploration investments and acquisitions, as well
as advancing the Toogood Arm Property post-acquisition to bolster
its potential monetization value.”
Mr. Freudman continued: “Between the Stares
brothers and our technical advisor Dean Fraser, who has almost 30
years of geological and geophysical expertise, we’re assembling a
top-notch contingent of local prospecting and geological talent to
better inform our investment decisions in this space. As we get
more familiar with the properties and the players in Newfoundland,
we’re becoming increasingly disciplined in sourcing more advanced
grassroots properties and investing at more competitive cost
bases.”
About Trius Investments Inc.
Trius seeks unique value-creation opportunities, currently
increasing its exposure to the precious metals sector by assembling
a portfolio of greenfield gold exploration properties in the
Central Newfoundland Gold Belt. Trius’ common shares trade on the
TSXV under the symbol “TRU”.
Trius is a portfolio company of Resurgent
Capital Corp. (“Resurgent”), a merchant bank providing venture
capital markets advisory services and proprietary financing.
Resurgent works with promising public and pre-public
micro-capitalization Canadian companies.
For further information, please contact: Joel
Freudman President & CEO Trius Investments Inc. Phone: (647)
880-6414
Cautionary Statements
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.
Information in this press release relating to
Alexander Stares and Stephen Stares has been provided by them and
has not been independently verified by Trius.
This press release contains certain
forward-looking statements, including those relating to advancing
and monetizing the Toogood Arm Property, the acquisition of other
mineral exploration investments, and Trius’ corporate strategy and
objectives. These statements are based on numerous assumptions that
are believed by management to be reasonable in the circumstances,
and are subject to a number of risks and uncertainties, including
without limitation: the exploration or monetization potential of
the Toogood Arm Property; challenges in sourcing, structuring, and
executing additional investments and acquisitions, on favourable
terms or at all; risks inherent in mineral exploration activities
and investments in the mineral exploration sector; volatility in
financial markets, economic conditions, and precious metals prices;
and those other risks described in the Company’s continuous
disclosure documents. Actual results may differ materially from
results contemplated by the forward-looking statements herein.
Investors and others should carefully consider the foregoing
factors and should not place undue reliance on such forward-looking
statements. The Company does not undertake to update any
forward-looking statements herein except as required by applicable
securities laws.
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