Proactive Investors - Run By Investors For Investors

Blackrock Gold appoints mining executive Andrew Pollard as CEO

The company also announced Tuesday that outgoing CEO Greg Schifrin has resigned to pursue other opportunities
Andrew Pollard
Incoming CEO Andrew Pollard is a seasoned mining executive

Blackrock Gold Corp (CVE:BRC) announced Tuesday that it has appointed mining executive Andrew Pollard to lead the company as CEO and a member of the board of directors.

Shares of Blackrock jumped 50% higer on the back of the news to trade at C$0.05 on Tuesday.

Pollard has nearly 15 years of experience as a management consultant within the mining industry. He founded the Mining Recruitment Group Ltd, where he amassed a large executive network in the mining and capital markets sectors.

Blackrock also announced that outgoing CEO Greg Schifrin has resigned to pursue other opportunities and surrendered 750,000 stock options granted to him last year at $0.12 per share. In a statement, the junior company thanked Schifrin and wished him the best in his future endeavours.

READ: Blackrock Gold completes strong stepping stones at its Silver Cloud project

“My expertise in the resource space is focused on building world-class management teams and experience dictates that quality assets like the Silver Cloud tend to attract quality management teams,” said Pollard in a statement. “My role here is to leverage my extensive network to source and build a management team capable of advancing this project and driving shareholder value."

Blackrock's Silver Cloud gold project is situated within the Northern Nevada Rift, one of the richest gold districts in the world. Previous drilling by Teck and subsequently Placer nearly two decades ago resulted in multiple high-grade gold drill intercepts, which Blackrock is hoping to further explore.

“Despite trying times in the resource space, Nevada remains a hotbed of activity both for discovery and acquisitions,” Pollard said in a statement.

As part of his appointment, Pollard will also receive 750,000 incentive stock options, which are subject to the terms and conditions of the company's stock option plan and the policies of the TSX Venture Exchange. The shares may be exercised at a price of $0.05 per share for a term of five years.

--Updates share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

View full BRC profile View Profile

Blackrock Gold Corp. Timeline

Related Articles

May 20 2019
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
A map of the Wa project in far northwest Ghana along the border with Burkina Faso
March 06 2019
The JV partners also plan to make an investment decision on the Ghanaian project this year.
Cobalt on the element table
January 17 2019
The company’s managing director will speak at the RIUExplorersConference in Fremantle next month.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use