Tombill appoints new exploration director and issues options
Vancouver, British Columbia – (Newsfile Corp. – May 26, 2021) – Tombill Mines Limited (TSXV: TBLL) (the “Company” or “Tombill“), is pleased to announce the appointment of Ms. Elizabeth Vida as the new Director of Exploration. Ms. Vida will lead Tombill’s extensive exploration program on its flagship 100% controlled, royalty-free, and patented parent property Tombill, within Geraldton Gold Camp.
Ms. Vida has worked in Canada as well as internationally in Africa and Central and South America for over 30 years, managing basic mineral exploration projects at brownfields. As Head of Exploration at Midlands Minerals, she planned and managed 24 gold projects in West and East Africa. She managed the initial definition drilling with Carlisle Goldfields at their MacLellan mine site, which was sold to Alamos Gold. Ms. Vida has also conducted land appraisals on various global gold projects and held senior positions at Midenka Resources Ltd and Midlands Minerals (GH) Ltd.
Ms. Vida holds a Bachelor of Science (Honors) in Geology from the University of Toronto, is a Registered Professional Geoscientist in Ontario and is a Qualified Person as defined in NI 43-101.
Ms Vida said: “I am very happy to join the team. It is an exciting time for Tombill, who I believe has great potential to realize.”
Adam Horne, CEO – said: “We are delighted to welcome Elizabeth. Her experience working in harsh environments and her geological knowledge of the area will prove invaluable.”
The Company also announces that the Board of Directors has approved the grant of 375,000 stock options (the “Options“) to participants in the Company’s stock option plan (the”PlanThe options may be exercised against common shares of the Company at an exercise price of $ 0.18 per share, vest over a period of 12 months following the grant date and have a term of 2 years.
As of the date hereof, a total of 9,685,803 options have been issued and remain outstanding under the Plan, and 5,690,489 options remain to be issued under the Plan.
Tombill owns various royalty-free mining and gold production properties in the Geraldton and Beardmore camps, Ontario. The activities of the company are mining exploration, mainly gold. It has 74 concessions: 60 are owned and patented, five are leased and nine where it holds mining rights. Among these, the Tombill Main Group property includes 58 claims: 54 patents held and four mineral rights held. The Tombill Main Group claims were originally staked in the first Geraldton Gold Rush in the 1930s by Tom Johnson and his brother Bill.
For more information, please visit www.tombillmines.com, and contact:
Chairman and CEO
Email: [email protected] / Tel: +44 (0) 207 529 2351
Email: [email protected] / Tel: +44 (0) 207 529 2361
Caution regarding forward-looking information
Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements relating to the date of trading of the Company’s common shares on the TSXV. In general, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of such words and expressions or statements that certain actions, events or results “will occur”. Forward-looking statements are based on the opinions and estimates of management as of the date on which these statements are made and are subject to risks, uncertainties and other known and unknown factors which could cause actual results to differ materially. from those expressed or implied. by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
Additional information identifying the risks and uncertainties is contained in the documents filed by the Company with the Canadian securities regulators, which documents are available at the following address: www.sedar.com.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
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