VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to announce the appointment of Dr. John Blake to the Board of Rapier Gold.
John Blake is a mining engineer with over 35 years of international mining industry experience in Canada, Australia, Brazil and Asia Pacific, building and operating underground open pit gold mines. John Blake has most recently served as President and CEO of Luna Gold, CEO of Australian Solomon's Gold, as well as Director of Operations for Newcrest Indonesia.
It is with regret that the Company received the resignation of Stephen de Jong as a director, due to increasing time constraints in his role as President and CEO of Integra Gold. Mr. de Jong is a founding shareholder and director of Rapier Gold and will remain an advisor to the Company.
Commenting on the changes, President Roger Walsh said, "I have been delighted to work with Stephen in the founding of Rapier Gold and have greatly appreciated his ongoing support and insights on growing the Company during very tough market conditions. We are very pleased that he will remain involved as an advisor. John Blake brings extensive experience in the international gold sector and significantly adds to the Board's strength."
John Blake has been granted 200,000 stock options exercisable at $0.15 for a seven year term.
Pen Gold Project Summary
Quality Assurance - Quality Control ("QA/QC")
Industry best practices are followed on the project including the routine insertion of duplicate, blank and standard samples in all drill holes. The core samples are submitted directly to Actlabs in Timmins for preparation and analysis. Gold analyses are conducted on 1 assay-ton aliquots, using fire assay methods with an atomic absorption finish up to 5 g/t Au and with a gravimetric finish above. Metallic sieve assays are requested for samples when visible gold is observed. Gravimetric finish or metallic sieve results are used whenever available, in the reporting of results.
Gary Wong, P. Eng., Vice-President Exploration of the Company, and a Qualified Person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Roger Walsh, President & CEO
Neither the 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 news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain financing, or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
To view Appendix 1, please visit the following link:
Rapier Gold Inc.
Roger Walsh
(604) 617-1627
[email protected]
www.rapiergold.com