VANCOUVER, March 1, 2019 /CNW/ - Rathdowney Resources
Ltd. ("Rathdowney" or the "Company") (TSX‐V: RTH) is pleased to
announce that Mr. J.R.H. (Dick)
Whittington has been appointed President and Chief Executive
Officer of the Company. Mr. Whittington will also be joining the
Company's Board of Directors.
Mr. Whittington's distinguished career spans over 40 years with
a select variety of mining companies in Canada, Mexico, Panama, Papua New
Guinea and Australia. His
experience encompasses senior executive and mine management roles
that include numerous feasibility studies, mine evaluations, mine
development, production, mergers and acquisitions and raising over
$1.3 billion of major corporate
financings.
"I look forward to assuming a leadership role with Rathdowney
and participating in the growth of the Company as we advance the
Olza project in Poland" said new
Rathdowney President and CEO, Dick
Whittington. "I have recently visited the Project Olza site
to inspect the field work and review the drilling results, as well
as meet with project consultants, and I am very impressed with the
work that has been done to date," Mr. Whittington
continued. "Clearly, the foundations have been put in place to
enable the Olza project to move forward through the permitting and
development stage and, ultimately, to creating an international
standard, first world mining operation. The strong results from the
Preliminary Economic Assessment, coupled with recent strengthening
market prices for zinc, lead and silver, make this an exciting
opportunity to both build a mine and add to the social and economic
capacity of Poland."
As former President and CEO of Farallon Mining, Mr. Whittington
took the company from the discovery stage through to commercial
production in less than four years. After guiding the Company
through its impressive transition from a junior exploration company
to a successful Mid-tier zinc producer, he facilitated the
successful sale of the company to Nyrstar for $409 million in January of 2011.
Over the course of his career, Mr. Whittington has developed
strong working relationships with business leaders and government
in the countries in which he operates. In Mexico, this led to the founding and his
Chairing of the Canadian Mining Task Force, an organization he set
up to represent Canadian mining and exploration companies'
interests in Mexico. The aggregate
market capitalization of these companies represented by the Task
Force represented was in excess of $50
billion.
He was recognized for his accomplishments, when the Governor
General of Canada, Ms.
Michaelle Jean, awarded Mr.
Whittington with a Governor General Gold Medal as a result of his
work to strengthen ties between Canada and Mexico and for his commitment to Corporate
Social Responsibility in mining.
He was also selected as one of the three finalists for the Ernst
& Young Entrepreneur of the Year Award for 2010, in the mining
category for the Pacific region. This recognition was presented as
a result of his entrepreneurial approach to bringing the G-9 Mine
into production in a non-traditional manner, specifically, by the
"Parallel Track Approach." The Parallel Track Approach allowed G-9
to come on line and into production on time and on budget in less
than four years from its initial greenfield discovery.
Mr. Whittington was educated at the prestigious Royal School of Mines in the United Kingdom where he received his B.Sc in
Mining Engineering. Mr. Whittington also formerly served on the
boards of Kootenay Silver and Great Panther Silver, both Mexican
based mining companies, as well as on the board of Northern Vertex,
a Canadian based company.
Rathdowney wishes to thank Robert
Konski for his ongoing hard work and service to the Company.
As President and CEO of the Company's Polish subsidiary Rathdowney
Polska sp. z o.o, he will continue to be focused on the operations
in Poland.
About Rathdowney and Project Olza
Rathdowney Resources Ltd. is focused on advancing Project Olza
through permitting and into production. Project Olza is located in
the Upper Silesian Mining District of southwestern Poland, a world-class region in size and
tonnage to the classic Mississippi Valley-type deposits, with
well-developed mining infrastructure, including skilled workers.
Easily accessible by paved roads, the Olza project site is a
one-hour drive from Krakow, a major city with full services,
including an international airport. The deposits at Olza are
25 km from the ZGHB zinc smelter at Boleslaw. A railway line runs
through the Olza project-area, linking it to the ZGHB smelter and
to ports on the Baltic Sea, with access to smelters in the rest of
Europe.
Rathdowney is committed to responsible mineral exploration and
development as presented through our local Project Olza community
team, which provide updates on activities and potential
opportunities to local communities, and governments at all
levels.
The technical disclosure in this release has been reviewed and
approved by Qualified Person David Copeland, PEng, who is Chairman
and a director of the Company.
On behalf of the Board of Directors
David Copeland
Chairman
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.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects, are forward looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Assumptions used by the Company to
develop forward-looking statements include the following: the Olza
project will obtain all required environmental and other permits
and all land use and other licenses, studies and development of the
Olza project will continue to be positive, and no geological or
technical problems will occur. Factors that could cause actual
results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration
successes, continuity of mineralization, potential environmental
issues and liabilities associated with exploration, development and
mining activities, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements.
For more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
SOURCE Rathdowney Resources Ltd.