Whitehorse Gold Corp said it has appointed Gordon Neal as CEO and a director of the company.
Neal has extensive experience in the metals and mining sector, capital markets, and government communications. He was most recently the president of New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp and was the former vice-president corporate development at Silvercorp Metals Inc (TSX:SVM, AMEX:SVM).
Prior to that, he held the vice-president corporate development position at Mag Silver Corp. His career also saw him working in the office of the Prime Minister of Canada as a senior communications adviser.
READ: Whitehorse Gold completes exploration and drill program on Skukum gold project in the Yukon
In connection with his appointment, the company said it has granted 500,000 stock options to Neal under the terms of the company's stock option plan. The options are exercisable for a period of five years from the date of grant at price of $0.60 per share, being the closing price of the company's shares on the TSX Venture Exchange (TSXV) on November 26, 2021. The options vest in six equal tranches over a period of three years. The options are subject to the provisions of the Plan and the policies of the TSXV.
In a separate announcement, Whitehorse Gold announced that Kevin Weston has resigned as CEO and a director of the company, however, it added that he will continue with Whitehorse Gold as a consultant.
"I would like to thank Kevin for his contribution to the Company," said Dr Mark Cruise, chairman of Whitehorse Gold. "Kevin has been a key member of the Company since inception and was a part of the team that successfully completed the 2021 exploration and drill campaign at the Skukum Gold Project in southern Yukon. We look forward to his continued contribution to Whitehorse Gold and wish him success in his new endeavours."
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square kilometre (km) Skukum Gold Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse.
The project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 km of underground development, and a previously operating 300 tons per day (tpd) mill and associated support facilities.
Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold.
Contact the author at jon.hopkins@proactiveinvestors.com