Bunker Hill Announces Change in Management
24 April 2020 - 11:17PM
Bunker Hill Mining Corp. (CSE-BNKR) (“Bunker Hill” or the
“Company”) is pleased to announce that Mr. Sam Ash has been
appointed as President and Chief Executive Officer of the Company
to replace in this position Mr. John Ryan. Mr. Ryan will continue
to serve the Company as a member of the Board of Directors.
“On behalf of Bunker Hill Mining’s Board of
Directors, I am very pleased to welcome Sam Ash as the new CEO,”
said Richard Williams, Chairman Bunker Hill Mining. “He is an
experienced, visionary and modernizing mining leader with extensive
underground mining and commercial experience, and a diverse
operational background. We are very excited by his commitment and
transformational vision for the mine”.
“I also wish to thank John Ryan for his
tremendous service in his role as President and Chief Executive
Officer during the transitional period and for his continued and
valued support to Sam, myself and the whole Bunker Hill team”.
Mr. Ash was a Partner from 2015 at Barrick Gold
Corp. (“Barrick”) and held various roles over the
nine years employed there. This includes three years as General
Manager of the Lumwana Copper Mine in Zambia, Technical Support
Manager to Barrick’s Copper Business Unit, General Support Manager
on the Cortez Mine in Nevada and Chief Engineer leading the
roll-out of new Underground Mining standards in the USA and
Tanzania.
Prior to his time at Barrick, Mr. Ash served as
Manager of New Operations for Veris Gold Corp. (formerly,
Yukon-Nevada Gold Corp.) primarily on the Jerritt Canyon Mine in
Nevada, and also as an Underground Mine Supervisor with Drummond
Company, Inc. He has recently completed his Masters’ Degree in
Leadership and Strategy at the London Business School and has a BS
in Mining Engineering from the University of Missouri Rolla.
Mr. Ash whose father worked at Bunker Hill as a
Mechanical Engineer in the 1970s, takes over in the middle of its
on-going exploration and study program focused on verifying to
NI-43-101 standards part of the UTZ, Quill and Newgard ore bodies.
He said this of his appointment:
“I am very excited to move to Idaho and into the
historic Silver Valley, and honored to be appointed as the Chief
Executive Officer of Bunker Hill Mining Corporation to lead the
on-going effort to return this extraordinary mine to profitable
production in ways that create the most sustainable and significant
returns for all of its stakeholders”.
About Bunker Hill Mining
Corp.
Bunker Hill Mining Corp has the exclusive option
to acquire 100% of the marketable assets of the Bunker Hill Mine.
Information about the Company is available on its website,
www.bunkerhillmining.com, or within the SEDAR and EDGAR
databases.
For additional information contact:
Sam Ash, President and Chief Executive Officer+1
313 290 8653sa@bunkerhillmining.com
Cautionary Statement
No stock exchange or securities administrator
accepts responsibility for the adequacy or accuracy of this news
release.
Certain statements in this news release are
forward-looking and involve a number of risks and uncertainties.
Such forward-looking statements are within the meaning of that term
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, as
well as within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ National
Instrument 51-102 – Continuous Disclosure Obligations.
Forward-looking statements are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s intentions regarding
its objectives, goals or future plans and statements. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to, the
ability to predict and counteract the effects of COVID-19 on the
business of the Company, including but not limited to: the effects
of COVID-19 on the price of commodities, capital market,
restriction on labour and international travel and, supply chain
failure to identify mineral resources, failure to convert
estimated mineral resources to reserves, the inability to complete
a feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, changes
in equity markets, uncertainties relating to the availability and
costs of financing needed in the future, the inability of the
Company to budget and manage its liquidity in light of the failure
to obtain additional financing, including the ability of the
Company to complete the payments pursuant to the terms of the
agreement to acquire the Bunker Hill Mine Complex, inflation,
changes in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital, operating and reclamation
costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company’s public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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