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TORONTO, Oct. 25,
2022 /CNW/ - Silver Mountain Resources Inc.
("Silver Mountain" or the "Company") is pleased to
announce that Richard Contreras has
been appointed to act as the Chief Operating Officer of the
Company, effective October 24,
2022.
Mr. Contreras is a mining engineer with more than 30 years of
experience in the areas of underground operations, open pit,
planning and projects. Mr. Contreras has experience in short,
medium, and long term planning for underground mines and open pits,
control operations and management indicators, leading sustainable
systems in safety, health and environmental management and building
high performance teams. Mr. Contreras previously worked as a
country manager (Peru) for a
subsidiary of Pan American Silver Corp. and as a general manager
for a subsidiary of Glencore PLC. Mr. Contreras holds a Bachelor of
Science, Mining Engineer from the Universidad Nacional de
Ingeniería (Peru), a Finance
Degree from the Universidad del Pacífico (Peru), a Certificate from the National Mine
Health and Safety Academy, Beckley, West
Virginia, and a Mining Management Degree from the GERENS
Graduate School (Peru). Mr.
Contreras is a member of the Peruvian College of Engineers, the
"Instituto de Ingenieros de Minas del Peru" (IIMP), and the Australasian Institute
of Mining and Metallurgical, among others.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine
developer planning to restart production at the Reliquias
underground mine and undertake exploration activities at its
prospective silver camps at the Castrovirreyna Project in
Huancavelica, Peru.
For additional information in respect of the Castrovirreyna
Project, please refer to the Company's technical report, titled
National Instrument 43-101 Technical Report—Castrovirreyna Project,
Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available at
https://sedar.com.
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C.
owns 100% of its concessions and holds more than 30,000 hectares in
the district of Castrovirreyna, Huancavelica, Peru.
Forward Looking
Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking
statements") that relate to Silver Mountain's current
expectations and views of future events. Any statements that
express, or involve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as
"will likely result", "are expected to", "expects", "will
continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection",
"strategy", "objective" and "outlook") are not historical facts and
may be forward-looking statements and may involve estimates,
assumptions and uncertainties which could cause actual results or
outcomes to differ materially from those expressed in such
forward-looking statements. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this
news release.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. Such
risks and uncertainties include, but are not limited to, the
factors set forth under "Statement Regarding Forward-Looking
Information" and "Risk Factors" in the Company's final
prospectus dated January 26, 2022 and
other disclosure documents available on the Company's profile at
www.sedar.com. Silver Mountain undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be
required by law. New factors emerge from time to time, and it is
not possible for Silver Mountain to predict all of them, or assess
the impact of each such factor or the extent to which any factor,
or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement. Any
forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
SOURCE Silver Mountain Resources Inc.