Toronto – April 9, 2019 – GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”) is pleased to announce that Craig Parry has agreed to join the board of GPM Metals as a non-executive director.
Mr. Parry has over 18 years’ experience in the resources sector with a number of companies including Rio Tinto and Oxiana Minerals. Currently Mr. Parry is the President and Chief Executive Officer of IsoEnergy Ltd.
Mr. Parry is a co-founder of EMR Capital and former senior advisor to the Fund. He was a co-founder of the Tigers Realm Group and was appointed to the Boards of Tigers Realm Minerals, Tigers Realm Metals and NexGen Energy Ltd. (as it then was prior to the Qualifying Transaction) in 2011. Mr. Parry was appointed to the role of CEO of Tigers Realm Coal in 2012.
Mr. Parry, as an exploration and business development geologist, was responsible for the business development activities of the Tigers Realm Group since inception in 2008.
Prior to joining Tigers Realm, Mr. Parry was the Business Development Manager for G-Resources Limited responsible for mergers and acquisitions and Principal Geologist – New Business at Oxiana Limited responsible for strategy and business development initiatives in bulk and energy commodities.
Mr Parry started his career with Rio Tinto where he led exploration programs for iron ore, copper, diamonds, coal and bauxite in Australia, Asia and South America and was Principal Geologist for the Kintyre Uranium project pre-feasibility study.
Mr. Parry holds an Honours Degree in Geology and is a Member of the AusIMM.
Commenting on the appointment Peter Mullens CEO of GPM Metals stated, “we are extremely fortunate as a company to appoint a director as competent as Mr Parry. Mr Parry has been very successful over the last decade and is a true explorationist having been involved in the discovery of NexGen’s Arrow Uranium project located within the Athabasca basin Saskatchewan Canada”.
Mr Parry is also very familiar with GPM’s Flag Ship “Walker Gossan Project” located in Arnhem Land Australia as he previously worked with Rio Tinto, where he was familiar with its merits as a Lead Zinc exploration target.
Currently GPM Metals is awaiting a scheduled community meeting the week of May 13, 2019 in Gapuwiyak, Arnhem Land in the Northern Territory in Australia, between the local Traditional Land Owners (“TLO’s”), GPM Metals’ management and the representatives of the Northern Land Council.
At this meeting GPM Metals will be presenting their sampling and field program proposed for the Walker Gossan Project (the “Project”), principally Exploration License (EL) 24305, to the TLO’s and the NLC.
Upon review and approval of program, it is anticipated work will commence during June or July 2019.
The Project is the subject of farm-in and joint venture agreement between GPM (and its Australian subsidiary) and Rio Tinto Exploration Pty Limited(“RTX”) executed in January 2014, pursuant to which GPM can earn a 75% interest in the Project through meeting staged exploration expenditure requirements. The Project tenure is held by RTX with GPM acting as the operator and manager of exploration, community relations and title grant (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com).
Title Deed, Work Program and Exploration License (EL 24305) approval was granted in November 2015 by the NLC after a series of meetings and consultations with the TLO’s and GPM Metals in Numbulwar and Darwin.
The Project lies within one of the great metallogenic provinces of the world, the North Australian Zinc Province (NAZP); which currently provides 30% of the world zinc production from a number of significant silver, lead, zinc deposits; including the Mt. Isa, George Fisher, McArthur River and Century Mines.
The exploration target is a large, strata bound, sediment hosted lead – zinc deposit. Field work planned for 2019 will consist of geological mapping, geochemical sampling and prospecting with the view of identifying vectors towards the center of the mineralized system. To date GPM geologists believe they previously identified and drilled into the iron rich, siderite, outer halo to potentially a major mineralized stratabound Lead Zinc deposit.
About GPM Metals Inc.
GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.
The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the 100% Claims interest in the Pasco Project, Department of Pasco, Peru.
Both projects are advanced exploration properties and have considerable potential to host significant zinc resources.
All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Chairman of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.
For further information contact:
GPM Metals Inc.
Peter Mullens, CEO
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416 628-5904
Email: [email protected]