Tombill Appoints New Exploration Manager and Issues Options
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - Tombill Mines Limited (TSXV: TBLL) (the "Company" or "Tombill"), is pleased to announce that it has appointed Ms. Elizabeth Vida as its new Exploration Manager. Ms. Vida will spearhead Tombill's extensive exploration program at its 100% controlled, royalty-free flagship and patented Tombill Main Group property within the 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 grassroots to brown fields mineral exploration projects. As an Exploration Manager with Midlands Minerals, she planned and managed 24 Gold projects in West and East Africa. She managed the initial definition drilling with Carlisle Goldfields on their MacLellan Mine Site, which was sold to Alamos Gold. Ms. Vida has also conducted property assessments on various worldwide gold projects, and has held a director positions with Midenka Resources Ltd and Midlands Minerals (GH) Ltd.
Ms. Vida holds a Bachelor of Science (Honours) in Geology from the University of Toronto, is a professional geoscientist registered in Ontario, and is a Qualified Person within the meaning of National Instrument 43-101.
Ms. Vida remarked "I am very happy to be joining the team. This is an exciting time for Tombill, which I believe has great potential to be realised."
Adam Horne, CEO - commented "We are delighted to have Elizabeth onboard. Her experience working in challenging environments and her geological knowledge of the region 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 of the Company's stock option plan (the "Plan"). The Options are exercisable into 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 2-year maturity.
As of the date hereof, a total of 9,685,803 options have been issued and remain outstanding under the Plan with 5,690,489 options remaining for issuance thereunder.
Tombill owns various royalty-free mineral exploration and past-producing gold properties in the Geraldton and Beardmore Camp, Ontario. The Company's business is mineral exploration, primarily gold. It has 74 claims: 60 are owned and patented, five leased, and nine where it owns the mineral rights. Of these, the Tombill Main Group property comprises 58 claims: 54 owned patents, and four owned mineral rights. The Tombill Main Group claims were originally staked in the first Geraldton Gold Rush in the 1930's by Tom Johnson and his brother Bill.
For more information, please visit www.tombillmines.com, and contact:
Chairman & Chief Executive Officer
Email: firstname.lastname@example.org / Tel: +44 (0) 207 529 2351
Email: email@example.com / Tel: +44 (0) 207 529 2361
Cautionary Note 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 with respect to the trading date of the Company's common shares on the TSXV. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases 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 such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different 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 risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85339