20:36:03 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Mineral Mountain Resources Ltd (2)
Symbol MMV
Shares Issued 113,072,648
Close 2023-06-29 C$ 0.115
Market Cap C$ 13,003,355
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Mineral Mountain appoints Ginn as president, CEO

2023-06-29 15:38 ET - News Release

Mr. Dale Ginn reports

MINERAL MOUNTAIN APPOINTS NEW MANAGEMENT AND DIRECTORS

R. Dale Ginn has been appointed president and chief executive officer of Mineral Mountain Resources Ltd., and Nav Dhaliwal has been appointed executive chairman of the company. Mr. Ginn and Mr. Dhaliwal have also been appointed to the company's board of directors.

Mr. Ginn is an experienced mining executive and geologist with over 30 years of experience. He is the founder of over 10 exploration and mining companies, and has led and participated in a variety of gold and base metal discoveries, many of which have entered production. Mr. Ginn has led or was part of the discovery teams for the Gladiator, Hinge, 007, 777, Trout Lake, Photo, Edleston and Tartan Lake deposits. His contributions have led to approximately 10 million ounces in resource generation as well as over $500-million (Canadian) in capital raised for exploration and development projects. His experience includes both senior and junior companies such as Goldcorp, Harmony Gold, Hudbay, Westmin, San Gold, Bonterra, Gatling Exploration and others. Most recently, Mr. Ginn led the discovery of the Bardwell/Boomerang nickel deposit near Timmins, Ont., for Aston Minerals.

Mr. Dhaliwal is an experienced mining executive, financier and capital markets expert with a strong record of value creation. He was the founding CEO of Bonterra Resources Inc., which made the award-winning Gladiator discovery in Quebec. Mr. Dhaliwal raised over $140-million for Bonterra and played a key role in the company's market cap growth from $10-million to over $200-million during the base of the gold market cycle. He has founded several other successful companies in the resource sector, including Gatling Exploration Inc. and Pacton Gold Inc. Mr. Dhaliwal is also the founder of the highly successful RSD Capital, which invests in, and provides management and technical expertise to, public and preinitial public offering companies. Mr. Dhaliwal has a large, international network of financial connections and has raised over $400-million for companies since 2010.

Nelson Baker has resigned as president and CEO but continues to serve on the board. Brian Corrall has resigned as chairman of the company and as a director. Barry Coughlan and Steve Albertsen have resigned as directors of the company. The company thanks each of Mr. Baker and Mr. Corrall for their services as officers of the company. The company also thanks Mr. Coughlan and Mr. Albertsen, and wishes them well in their future endeavours.

The company confirms the board now consists of Mr. Ginn (president, CEO and director), Mr. Dhaliwal (executive chairman and director), Mr. Baker (director), Trevor Thomas (director) and Terry Lyons (director).

About Mineral Mountain Resources Ltd.

Mineral Mountain, through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc., began exploring in the Black Hills of South Dakota in the United States in July, 2012. The company recognized that the Homestake gold trend was not well explored using modern technology and the potential of discovering another similar Homestake-style gold deposit with scale was above average. Since 2012, the company has expended over $13-million (U.S.) in systematic, state-of-the-art exploration with a strong technical and highly experienced team largely focused on its 100-per-cent-owned Rochford gold project physically situated 26 kilometres south of the world's richest and largest orogenic gold deposits, the Homestake mine.

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