Mirasol Resources Ltd said Timothy Moody, an industry veteran with over 30 years of experience in the mining industry, has agreed to join its board of directors.
Moody is the president and CEO of Pan Global Resources Inc and a director of several TSX Venture Exchange-listed mineral exploration companies.
The exploration company said Moody has expertise in mineral exploration, resource assessment, business development and corporate strategy. He spent 24 years with Rio Tinto, including as exploration director from 2005 to 2010, and as vice president and director for business development from 2010 to 2015.
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“We are very fortunate to add a director of the calibre of Tim Moody. Tim’s record of success in identifying projects of merit speaks for itself,” chairman Patrick Evans said in a statement.
“His experience and technical ability in identifying and advancing early-stage mineral exploration projects will be of great benefit to Mirasol and its shareholders,” he added.
The company also announced the grant of a total of 3.35 million incentive stock options to directors, management, consultants and contractors. The options are for a five-year term at an exercise price of $0.34 per option share and will vest over three years.
Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has six partner-funded projects with Newcrest Mining Ltd, First Quantum Minerals (TSX:FQM), Mine Discovery Fund, Mineria Activa, Silver Sands Resources, and Patagonia Gold. It is currently self-funding exploration at two projects, Inca Gold and Sacha Marcelina.
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