Proactive Investors - Run By Investors For Investors

Blackrock Gold appoints mining executive Andrew Pollard as CEO

The company also announced Tuesday that outgoing CEO Greg Schifrin has resigned to pursue other opportunities
Andrew Pollard
Incoming CEO Andrew Pollard is a seasoned mining executive

Blackrock Gold Corp (CVE:BRC) announced Tuesday that it has appointed mining executive Andrew Pollard to lead the company as CEO and a member of the board of directors.

Shares of Blackrock jumped 50% higer on the back of the news to trade at C$0.05 on Tuesday.

Pollard has nearly 15 years of experience as a management consultant within the mining industry. He founded the Mining Recruitment Group Ltd, where he amassed a large executive network in the mining and capital markets sectors.

Blackrock also announced that outgoing CEO Greg Schifrin has resigned to pursue other opportunities and surrendered 750,000 stock options granted to him last year at $0.12 per share. In a statement, the junior company thanked Schifrin and wished him the best in his future endeavours.

READ: Blackrock Gold completes strong stepping stones at its Silver Cloud project

“My expertise in the resource space is focused on building world-class management teams and experience dictates that quality assets like the Silver Cloud tend to attract quality management teams,” said Pollard in a statement. “My role here is to leverage my extensive network to source and build a management team capable of advancing this project and driving shareholder value."

Blackrock's Silver Cloud gold project is situated within the Northern Nevada Rift, one of the richest gold districts in the world. Previous drilling by Teck and subsequently Placer nearly two decades ago resulted in multiple high-grade gold drill intercepts, which Blackrock is hoping to further explore.

“Despite trying times in the resource space, Nevada remains a hotbed of activity both for discovery and acquisitions,” Pollard said in a statement.

As part of his appointment, Pollard will also receive 750,000 incentive stock options, which are subject to the terms and conditions of the company's stock option plan and the policies of the TSX Venture Exchange. The shares may be exercised at a price of $0.05 per share for a term of five years.

--Updates share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

View full BRC profile View Profile

Blackrock Gold Corp. Timeline

Related Articles

1551267092_Jupiter-Mines---Tshipi-ore.jpg
March 29 2019
The cash flow provides ballast against dilution, allowing the company carefully to consider each new opportunity on its merits
Drilling at Gabanintha project
February 04 2019
The company expects a ‘material’ increase in vanadium resources and will also publish a base metals resource.
Project map showing two JORC resources
January 21 2019
The project has upside potential for larger porphyry copper‐gold discoveries.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use