VANCOUVER, B.C. – Silver Pursuit Resources Ltd. (the “Company”) is pleased to announce the appointment of Robert J. Casaceli B.A. (Geology) M.S. (Geology) of Reno, Nevada. Mr. Casaceli’s career in the mining industry spans over 44 years and has been involved in every facet of mineral exploration, He is currently a consultant to the mining industry with his principal client being Pershing Gold Corporation, whose primary project is the Relief Canyon gold mine, NV, which is now in pre-production development phase.
In recent years he has served as President & CEO of Creso Exploration Inc. (CXT:TSX.V) and as Chief Geologist, and later Chief Consulting Geologist, for Franco-Nevada Corporation, the world’s largest royalty acquisition company. In this period, he also served as President, CEO, and Director of Franc-Or Resources Corporation (a TSX resource company) for over 12 years and has been involved in the design, funding, and implementation of numerous reconnaissance and advanced-stage exploration projects, and prospect/mine evaluations in some 56 countries. He was a founding partner of the consulting firm Annapurna Exploration in 1985. having extensive experience in negotiating mining agreements and operating in several countries. He speaks fluent Spanish, French, with moderate language skills in Italian, Portuguese, and Turkish, and rudimentary communication abilities in Chinese and Russian.
He has been involved in the discovery or delineation/expansion of several mineral deposits including: Cerro Negro, Argentina; Vetas/California, Colombia ; Salsigne, France; North Standard, Nevada (Carlin-like Au;+0.5M oz mined); Summitville, Colorado (High sulfidation Au; 0.294M oz mined); El Transito, Honduras; Rio Blanco, Peru; Rico, Colorado (Porphyry/skarn Mo), Bugdainskoye, Russia (Porphyry/veins Mo,Au,Ag,W,Cu,Pb,Zn,Re); and Aimara, French Guiana (laterite/saprolite/vein/placer Au).
As President and Chief Operating Officer of Latin America Nevada (Subsidiary of Euro-Nevada Mining Corporation) for two years, his primary function was the identification and acquisition of royalty interests from mining properties located throughout Latin America and elsewhere in the world. Brian McClay, President of Silver Pursuit commented on Mr. Casaceli, saying “What best distinguishes Bob as a mining professional is his personal integrity, determination and tireless approach to the identification and development of metal mining properties, his ability to manage and motivate people in this process, and his ability to communicate difficult technical concepts to company directors and shareholders.”
Mr. Casaceli’s recent experience includes:
April 2010-Present (8 years), Consulting Geologist: Clients have included: Pershing Gold Corporation (NV), Rashleigh Mining (Peru), Buccaneer Gold Corp (NV), Xtra-Gold Resources Corp (Ghana), Creso Exploration Inc (Canada)-(President & CEO); Ironsides Operations/Anibok Invest Res; Franco-Nevada Corporation(Chief Consulting Geologist) and other financial and exploration/mining companies involving property evaluation and exploration in North, South, and Central America, Africa, Europe, Australia, and Asia.
2008-March 2010 (1.7 years), Franco-Nevada Corporation, Chief Geologist: Conducted resource property geologic and economic evaluations for royalty acquisitions around the world, principally on precious and base metal properties; also Consulting Geologist for various companies to evaluate mining and exploration properties throughout the world.
1996-2008 (12 years), Franc-Or Resources, President and CEO: Gold exploration and mining (laterite-saprolite/placer/vein) in French Guiana and gold exploration in Russia, Peru, and Nevada, USA; also venture capital investments in biotech start-ups.
1994-1995 (2 years), L.A. Nevada (Subsidiary of Euro-Nevada Mining Corporation), President/C.O.O.: Acquisition of mining royalties from properties throughout Latin America; Europe, Australia, and Indonesia.
1985-1994 (9 years), Annapurna Exploration, Owner/Partner/Consulting Geologist: Precious and base metal exploration in the U.S., Latin America, Europe, Asia, SW Pacific, and Australia.
Prior to the above Mr. Casaceli worked as a Geologist for Anaconda Minerals Inc. (7 years), US Geological Survey (2 years) and Asarco Inc. (2 years)
The Company feels that Mr. Casaceli will play a pivotal role in the development of its portfolio of properties located Nevada in 2018. The Company continues to conduct detailed work to understand and catalogue the data compiled from external sources and generated internally on the properties owned by the Company.
Except for the optioned East Bell project, all claims are owned 100% by the Company are royalty and payment free. All taxes and lease payments are fully paid for 2018. Company expects to release additional historical information on the properties as it becomes available.
Silver Pursuit Resources Ltd.
Brian McClay, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of that phrase under applicable Canadian securities law. This information reflects management’s current assumptions and expectations but known and unknown risks, uncertainties and other factors may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks and uncertainties relating to the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that exploration, development or mining results will not be consistent with the Company’s expectations, title matters and surface access issues, the potential for delays in exploration or development activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing, the possibility that the Company may not sell its projects or secure joint venture partners or optionees, and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company disclaims any obligation to update or revise any forward looking information to reflect events or changes in circumstances that occur after the date of this news release.