In a statement Thursday, Walcott said Thornley-Hall is a seasoned executive with a background in management, finance, and corporate development with public companies in the resource sector.
Recently he was senior executive and joint-lead of the commercial team with a Canadian based potash development company, responsible for negotiating a combined investment of over $100 million.
He has been a senior member of the management teams of exploration companies advancing projects in Canada, the US, Mexico, and Peru. Prior to his work in the resource sector, he worked on Bay Street in the fixed income brokerage business and became managing director of the UK branch of a Canadian dollar inter-dealer bond broker.
Thornley-Hall replaces Marshall Farris on the board and in the position of CEO. The company thanked Farris for his significant contributions to its formation and growth.
"I am excited to take on the role of CEO for Walcott as we are initiating our priority exploration plans at our Tyr and Century South silver projects in Australia as well as our Cobalt Hill project here in BC," Thornley-Hall said.
Walcott also announced that it has granted 350,000 stock options at $0.90 each to Thornley-Hall and 150,000 options at $0.90 to certain consultants. The options vest immediately and are exercisable for a period of five years.
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham