Premium Exploration Announces New President & CEO
20 August 2013 - 5:44AM
Access Wire
Vancouver, British Columbia
- (Accesswire)
-
August
19th, 2013 - The
Board of Directors of Premium Exploration Inc. (TSX-V:PEM; OTCQX:PMMEF) ("Premium" or the "Company"), is
pleased to announce the appointment of Mr. John Ryan as the new
President & CEO of Premium. As part of a broader
re-organization plan, Mr. Del Steiner remains as Chairman of the
Board, and will assist the Company through this transition
period.
Mr. Ryan has
over 20 years of extensive international mining and
business experience. He completed a Bachelor degree in Mining
Engineering at the University of Idaho, during which time he worked
at the various mines within the district including the Consolidated
Silver Mine operated by Hecla Mining, and the Galena Mine, then
operated by ASARCO, Inc. Upon completion of his engineering studies
Mr. Ryan served four years as a U.S. Naval Officer, and
subsequently completed a Juris Doctor degree at Boston College Law
School.
Throughout his
career, Mr. Ryan has founded several resource
companies including Royal Silver Mines, Inc. which explored and
developed a number of silver and copper mining properties in North
Idaho, Mexico and Chile, and he co-founded Metalline Mining in 1996
which owns the Sierra Mojada land package in Mexico, this company
is now known as Silver Bull Resources. In 2002 Mr. Ryan co-founded
Western Goldfields, Inc. which successfully purchased the Mesquite
Mine in Southern California from Newmont Mining. Western Goldfields
is now a part of New Gold with one of the prime operating assets
being the Mesquite Mine.
In 2006 Mr. Ryan
co-founded U.S. Silver Corporation which successfully negotiated
the acquisition of all of the North Idaho assets of Coeur d'Alene
Mines Corporation. These assets included the operating Galena Mine,
the Coeur Mine on care and maintenance, more than 8,000 acres of
prime silver mining claims, 2 operating mills and 4 major vertical
shafts, three of which are in excess of one mile of depth. The
Galena Mine has been in continuous production since the acquisition
and produces approximately 2.5 million ounces of silver annually
along with substantial lead and copper.
Mr. Ryan is
currently a consultant for the Electrum Group out of
Denver and is responsible for reviewing and recommending new
acquisitions.
"We are very excited
to have John join the Premium team given his
extensive network and related business experience. John is well
known for providing strategic plans for exploration companies, and
he will work closely with Premium's management team and Board to
ensure the further development of the Idaho Gold Properties."
Stated Del Steiner, Premium's Chair.
"I am pleased and
very excited to join the Premium team and drive the exploration and
development of its properties ahead. The Oro Grande shear zone over
which the company has a controlling land position has the hallmarks
of hosting a very major gold system of world class magnitude. Our
goal in this more difficult market environment will be to pursue
early development and production opportunities on our ground as
well as continuing the exploration of the entire property package.
I strongly believe that the current market weakness in junior
mining equities presents a unique challenge to managements and
boards to develop strategies to preserve the value which has been
created, and also to continue to advance the projects judiciously
until the market sentiment improves." Stated
John Ryan.
About
Premium Exploration Inc.
Premium is focused on the exploration and development
of its district-sized Orogrande Shear Zone "OSZ" to fulfill its
vision of developing a new mining district in North America. The
OSZ is a 30 km-plus regionally-significant structure that
correlates with multiple known zones of mineralization. This
structural control to gold mineralization
has characteristics similar to many large gold belts, such as the
Carlin Trend of Nevada. Exploration is ongoing at the
Friday-Petsite deposit; the most advanced of several known
mineralized zones located along the OSZ. The Friday-Petsite deposit
represents less than four percent of the OSZ under Premium's
control.
For additional information, please visit us at
http://www.premiumexploration.com
For
More Information Please Contact:
--------------------------------------------------------------
|Mr. Del Steiner President & Chief |Ms. Christine Kopr |
|Executive Officer Premium |Corporate Communications |
|Exploration Inc. P: (604) 682-0243|Opes Capital Inc. P: |
|F: (604) 682-2499 E: |(604) 682-0243 F: (604) |
|dsteiner@premiumexploration.com |682-2499 E: |
|info@premiumexploration.com |ckopr@opescapitalinc.com |
| |www.opescapitalinc.com |
--------------------------------------------------------------
This
press release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Security Exchange
Act of 1934, and involves a number of risks and uncertainties.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX Venture
Exchange and the British Columbia Securities Commission. All
statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such
statements.
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 release.
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