Sunvest Expands Hemlo Camp Land Holdings and Welcomes Durham to Advisory Board
April 13, 2017 (Source) — Sunvest Minerals Corp. (TSX-V: SSS) (“Sunvest Minerals” or the “Company”) announces it has staked an additional 102 hectares adjoining the recently acquired “McKinnon Hemlo West Property” (“Hemlo West” or the “Property”). The Property now comprises 486 hectares in the heart of the Hemlo Gold camp. The northern portion of the Property is surrounded on the west, east and north by Barrick Gold, and is located on strike and approximately six kilometers west of Barrick Gold Corporation’s current open pit operation.
Sunvest is also pleased to announce the addition of Mr. Bruce Durham to its advisory board. Mr. Durham has been an integral member or leader of various exploration teams credited with the discovery of several significant economic mineral deposits including: the David Bell Mine (Hemlo), the Golden Giant Mine (Hemlo), the Redstone Nickel Mine (Timmins) and the Bell Creek Mine (Timmins). In addition to being the first geologist to move to the Hemlo area, he was there for the discoveries and all of the exploration activity created during the Hemlo Gold Rush during the early 1980’s, working with the likes of the late Don McKinnon (senior), co-discoverer of the David Bell mine. He was also instrumental in land acquisition and exploration at both the Bell Creek Mine area and West Timmins area where Tahoe Resources Ltd. has operations in the Timmins Ontario area. Mr. Durham served in various capacities with Canadian Royalties Inc. including President and CEO when Canadian Royalties discovered several Ni-Cu-PGE deposits in the area south of the Xstrata Raglan Nickel Mine. The Canadian Royalties project is now in production and operated by a China based group. Mr. Durham was Chairman of Temex Resources Corp. prior to its sale to Lakeshore Gold Corporation (now Tahoe Resources Ltd.).
Sunvest Director, Don McKinnon Jr. said, “It is truly a great pleasure to welcome Mr. Bruce Durham to the Sunvest team. I have worked with Mr. Durham since my first day as a prospector together with my father. He is undoubtedly one of the most senior experts on the geology and prospects for the area.”
Company Chairman Vic Bradley states; “I was keen to join Sunvest with its McKinnon-Hawkins property with many Hemlo indicators. I am now doubly delighted to be part of the group that has acquired the new “McKinnon Hemlo West” properties which—to paraphrase Barrick– sees Sunvest “going west” of Hemlo. Sunvest has a strong team with history and experience at Hemlo and we are proud that Mr. Durham who was at Hemlo from the earliest days will be joining us. Off this base, the Company will aggressively pursue further land positions in the area.”
Sunvest Minerals is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. Sunvest’s primary focus is on its McKinnon-Hawkins Gold Project located in the Hawkins and Walls Townships.
ON BEHALF OF THE BOARD
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Mike England, CEO & DIRECTOR
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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
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