2014-03-20 15:02:54 -
Vancouver, British Columbia (FSCwire) - Cadillac Mining Corporation (“Cadillac” TSX-V:CQX) is pleased to announce the appointment of Mr. Gary D. Nordin as a director of the Company. Gary, a registered P.Geo. in British Columbia, has over 40 years of international experience in the mining industry, and enjoys a proven track record of success. He is currently a director of Orestone Mining Corporation, Canasil Resources Inc., and Rae-Wallace Mining.
Gary brings to Cadillac an extensive background in the evaluation, acquisition, exploration and development of mineral deposits, with particular emphasis on heap-leach gold projects. His broad range of experience will be an asset to the Company as it advances its Goldstrike project located in southwestern Utah in the Great Basin.
As co-founder and
former director and Vice President (1982-90) of Bema Gold Corporation, Gary was intimately involved in the exploration and development of the Champagne heap-leach gold project in Idaho, that formed the foundation for that company’s evolution into a mid-tier gold producer. He is also credited as a co-discoverer of Bema’s 6 million oz Refugio gold deposit in Chile. Subsequently (1991-2001) Gary participated as a co-founder, director and Executive Vice President of Eldorado Gold Corporation where he was extensively involved in the commercialization of the La Colorada and La Trinidada gold mines in Mexico, and the acquisition of the Efemcukuru and Kisladag deposits in Turkey. More recently (2000-09) he was a co-founder, director and Vice President of Polaris Minerals Corporation, a new Vancouver Island producer of high quality construction aggregates to major coastal markets in BC and the USA.
Elmer Stewart, P.Geo., a founding director of Cadillac Mining Corporation, retired from its Board as of the Company’s recent AGM. However, Elmer, who has been a valuable member of Cadillac’s team since 2006 and is a significant shareholder, will remain involved in the Company’s affairs as a Senior Advisor.
Both Gary’s and Elmer’s knowledge and experience will be of great value to Cadillac as it takes steps to advance the Goldstrike project in the improving financial environment.
About Cadillac Mining Corporation
Cadillac Mining Corporation is a junior exploration and development company based in Vancouver, Canada focused on large-scale precious metal projects in the Great Basin in the western USA and the Abitibi geological province in Canada. The Company's long term objective is the discovery of a major deposit through carefully planned exploration strategies. Its business model provides shareholders access to a wealth of exploration experience, dedicated management, and the opportunity to experience discovery through a conservatively capitalized company. The Company has approximately 32 million shares outstanding.
On behalf of the Board of Directors
Victor Erickson, P.Eng.
President & CEO firstname.lastname@example.org
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This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the recently completed reverse circulation drilling program which may be deemed to be forward-looking information in that it reflects a prediction of the mineralization that could be encountered if additional exploration and drilling is completed.
In connection with the forward-looking information contained in this news release, Cadillac has made numerous assumptions, regarding, among other things: the geological data and information has received is reliable, and is based upon practices and methodologies which are consistent with industry standards. While Cadillac considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies including there is no certainity that additional exploration on the Goldstrike property would located additional gold mineralization. Additionally, there are known and unknown risk factors which could cause Cadillac’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the possibility that future drilling on the Goldstrike project may not occur on a timely basis, or at all; that additional drilling may not intersect additional gold mineralization and uncertainty as to timely availability of permits and other governmental approvals.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and Cadillac disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
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Source: Cadillac Mining Corporation (TSX Venture:CQX) www.cadillacmining.com/CQX/
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