Blackrock Gold Corp (CVE:BRC) announced Tuesday the appointment of veteran mining executive and entrepreneur William Howald as executive chairman of the board.
Howald founded several public companies, led exploration for a major gold-mining company and raised approximately $300 million in project financing for properties in Argentina, Brazil, Chile, Peru, Dominican Republic and Nevada in his career, the company said.
"Attracting someone of Bill's calibre represents a huge vote of confidence in our Silver Cloud Project,” said Blackrock CEO Andrew Pollard in a statement. Pollard pointed to Howald’s wide range of relevant experiences, from leading the exploration function at a major gold miner to the founding and subsequent merger of a junior Nevada gold producer.
Most recently, Howald led the acquisition and build-out of the Florida Canyon mine in Nevada, and previously oversaw the last drill campaign at Silver Cloud for Placer Dome Inc, which established the presence of multiple high-grade intercepts throughout the property.
“We're excited to see him pick up where he left off with the project, ultimately directing the first systematic exploration program and drill campaign on the property in nearly two decades,” Pollard said.
"It's amazing that a project of this quality with multiple high-grade gold drill intercepts in Nevada is undeveloped,” said Howald. “Silver Cloud is located in an extraordinarily productive part of north-central Nevada along the Northern Nevada Rift.”
Howald replaces Catalin Kilofliski, who is stepping down as executive chairman.
Blackrock has granted 500,000 incentive stock options to Howald, which may be exercised at a price of $0.05 per share for a term of five years.
Shares of Blackrock added a penny to $0.08 per share in morning trade in Toronto, while US-listed shares moved higher to $0.05 on the OTC Markets.
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