VANCOUVER (miningweekly.com) – TSX-listed Treasury Metals has appointed former Kirkland Lake Gold executive Chris Stewart president and CEO, effective December 5, the company announced Thursday.
Stewart, who has more than 24 years of diversified experience in the mining industry, will lead the company's transition through the development stage to production at its Goliath project.
Treasury has pushed forward with permitting of its Goliath gold project, in northwestern Ontario, and is well advanced under the federal environmental impact statement process and expects to start work on a feasibility study on a combined surface and underground operation early in 2017.
“We are delighted to welcome Chris as our new president and CEO. He brings a wide-ranging set of skill sets that are ideally suited to Treasury's current phase and that should benefit us immensely as we advance towards production. His experience includes both the construction and operation of significant gold and base metal mining projects here in Ontario, as well as deep experience from the contracting perspective, which should be invaluable when the company enters into financing and construction discussions later in 2017.
"Chris is coming off a highly successful operational turnaround at one of Canada's storied gold mines and his appointment should assist in gaining better market visibility for Treasury and its flagship Goliath project," chairperson Marc Henderson stated.
Located in the Kenora/Dryden district in northwestern Ontario, and slated for near-term production, Goliath holds 1.17-million ounces of gold equivalent in the compliant measured and indicated resource categories and 341 300 oz gold equivalent in the inferred category.