Brian Groves to Lead Skygold Team as President and CEO
Skygold Ventures Ltd. ("Skygold" or the
"Company") (SKV-TSXV) announced today that Brian Groves has agreed to
join the management team as President and CEO and Director, starting January 7,
2008. Doug Fulcher will remain on the Board of Directors of Skygold.
Brian has worked in the
Australian and Canadian mining and exploration industries for more than 29
years. A graduate of The University of Sydney, Australia, Brian began his
career in exploration as a geophysicist in Australia. He has been involved in
exploration for coal, gold, base metals and diamonds with junior, mid-tier and
major companies such as AMAX Minerals, Noranda and Placer Dome where he served
for 12 years ending as Manager of Corporate Development, Canada.
Mr. Fulcher commented:
"The addition of Brian to the team is another significant step forward in
the evolution of the Company and the Spanish Mountain project in central
British Columbia. Brian's extensive experience will complement the
technical team in advancing Spanish Mountain to demonstrate the full potential
of this large and impressive gold deposit. Brian's addition coupled with
the recent ownership consolidation of the Spanish Mountain deposit has now
positioned Skygold to take full advantage of its assets and maximize
shareholder value in the months to come."
Mr. Groves stated: "I look forward to working with the Skygold
team, they have done an excellent job in discovering and rapidly advancing the
Spanish Mountain project. I am both truly excited and honoured to join this
team and to participate in the continuing development of the project. Spanish
Mountain is only one of several prospective targets within the Company's
portfolio."
The Board of Directors of Skygold have also agreed to grant 300,000
incentive stock options exercisable at a price of $1.25 for a period of 5
years. The forgoing is subject to regulatory approval.
About Skygold :
Skygold is a Vancouver-based resource company with a 100% interest in the
Spanish Mountain project as well as five other projects in the Cariboo gold
belt of central British Columbia. The Spanish Mountain project is a
large, advanced stage, sediment hosted, bulk tonnage gold deposit. Work
is currently underway on a 43-101 compliant resource estimate which should be
completed in the first quarter of 2008.
Skygold is also quickly advancing five early stage projects with the
potential to host Spanish Mountain type mineralization. Drill programs
are currently being planned for at least three of the projects in 2008.
On Behalf of the Board,
SKYGOLD VENTURES LTD
Doug Fulcher.
|
Contact: Tim Mikula
(604) 484-6317
or
|
President and Chief
Executive Officer
|
B&D Capital Partners
|
|
|
www.skygold.ca
|
(604) 685-6465
|
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or developments
that Skygold Ventures Ltd. and/or Wildrose Resources Ltd. (the
"Companies") expects to occur, are forward-looking statements.
Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. In this
news release, predictions about the Plan of Arrangement being approved and
finalized are forward-looking statements. Although the Companies believe
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to
differ materially from those in forward-looking statements include the
conditions of the letter agreement not being satisfied. Investors are
cautioned that any such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected in
the forward-looking statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company's management on the date the
statements are made. The Company undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.