Aftermath appoints Rushton CEO, president, director
2019-09-10 10:58 ET – News Release
Mr. Michael Williams reports
AFTERMATH SILVER APPOINTS RALPH RUSHTON AS CEO AND PRESIDENT
Aftermath Silver Ltd. has appointed Ralph Rushton, MSc, as chief executive officer, president and director. Michael Williams will remain as a director and chairman of the company.
Mr. Rushton holds a BSc in geology from Portsmouth University in the United Kingdom, a master’s degree in economic geology from the University of Alberta and a certificate in business communications from Simon Fraser University. He has significant exploration and mining experience in a number of geological settings and terrains working for Anglo American PLC and Rio Tinto.
For the last 16 years he has worked in business development and marketing for a number of junior resource companies. He currently serves as a director for three TSX Venture Exchange companies, and is an adviser to two other exploration companies. He has helped to raise over $400-million through equity financings to finance exploration and development programs in Latin America, Scandinavia and Eastern Europe.
“I look forward to working with Ralph. His experience as a geologist, combined with his financial and corporate expertise, will benefit Aftermath greatly. He has previously helped to finance and market a successful silver producer and junior company and understands the sector well,” said Mr. Williams.
Reactivation and financing update
Earlier this year, the company made application to reactivate and to have its shares listed as a Tier 2 mining issuer on the TSX Venture Exchange. In August, the company made a follow-up submission to the exchange, including a revised National Instrument 43-101 report on the Cachinal property, title opinion and updated use of proceeds. The company has also made applications to the TSX Venture Exchange in connection with the two recently announced private placements (see the company’s news releases dated July 24, 2019, and Sept. 3, 2019). The reactivation and the two private placements remain subject to acceptance by the exchange, and the company is using its best efforts to obtain such acceptances as quickly as practicable.
Challacollo silver-gold project
Challacollo is a low-sulphidation epithermal silver-gold deposit which hosts an historic indicated mineral resource of 30 million ounces of silver (4.7 million tonnes at 200 grams per tonne silver) and an inferred mineral resource of 6.9 million ounces of silver (1.6 million tonnes of 134 g/t) with associated gold credits.
Previous drilling concentrated on the principal vein (Lolon vein) to a depth of about 200 m below surface. Aftermath will focus its initial exploration efforts on parallel vein systems that have some preliminary drilling but were not included in the historic mineral resource. The oxidation level bottoms at approximately 200 metres below surface. The down-dip extent of the mineralized structures remains unknown. Gold and base metal grades generally increase with depth.
The Challacollo project is located in Chile’s Tarapaca region (Region I). The project is approximately 30 kilometres east of the Pan American Highway. Power transmission lines are located 15 to 30 km from the property. The project includes water rights. For further details please see the company’s news release dated Aug. 1, 2018.
Cachinal silver-gold project
Cachinal is a low-sulphidation epithermal deposit which hosts a current Canadian Institute of Mining, Metallurgy and Petroleum-compliant mineral resource of 18.4 million silver ounces in the indicated category (5.66 million tonnes of 101 g/t) and three million silver ounces in the inferred category (820,000 tonnes of 115 g/t), with associated gold credits.
Shallow drilling has defined the current mineral resources principally to a depth of 150 m below surface and provides sufficient evidence to interpret the presence of high-grade shoots within the vein system extending below the base of a potential open pit. Following these high-grade shoots to depth with drilling will be the initial focus of the company’s efforts to expand the silver-gold mineralization. The oxidation level bottoms at about 120 to 150 m below surface; however, the down-dip extent of the mineralized structures remains unknown.
The Cachinal silver-gold project is located in Chile’s Antofagasta region (Region II). The project is located about 40 km east of the Pan American Highway, in a nearly flat plain at an elevation of around 2,700 m above sea level, 16 km north of Austral Gold’s Guanaco gold-silver mine. For further details please see the company’s news release dated June 25, 2018.
About Aftermath Silver Ltd.
Aftermath Silver is a Canadian junior exploration company engaged in acquiring, exploring and developing quality mineral properties in stable jurisdictions with an emphasis on silver in Chile.
Qualified person
Peter Voulgaris, MAIG, MAusIMM, is a non-independent qualified person as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears.
We seek Safe Harbor.
Related Posts
Tags
Share This
