Vancouver, British Columbia (FSCwire) - FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce the appointment of Ross MacLean as Chief Operating Officer (“COO”) of Fiore Gold. Ross has been with Fiore and its predecessor companies since the acquisition of the Pan Mine in early 2016, and previously served as Fiore’s Senior VP Operations. Ken Brunk, Fiore’s current COO, will remain as a Director of the company and will also continue supporting the operations as a technical advisor, assisting with various projects at Pan and the Company’s other properties, as well as being closely involved with M&A activities.
Mr. MacLean brings over 30 years of experience in the mining industry, having started his career with Cominco and Newmont and progressed through increasingly senior roles in the industry, including General Manager at Taseko Mines’ Gibraltar Mine. Mr. MacLean has successfully managed development, construction and operations across a variety of commodities and is an experienced mining engineer. Mr. MacLean received his bachelor degree in Mining Engineering from the University of Idaho, and holds an MBA from the University of Denver.
Outgoing COO Ken Brunk commented,” I am extremely pleased with the team and support staff we have assembled in Fiore Gold. Tim is a solid leader and understands the CEO role well, Ross has been operating as essentially the COO for the past year and has proven himself more than capable; we have a solid support team in the key aspects of our business and they have come together to produce real measurable results. I could not be more proud of this group of professionals. It is time to hand over the responsibilities of running the company to these men and women and provide to them the opportunity to produce meaningful results to all of the shareholders. I want to thank all of the investors who supported us and allowed this turn around to happen. Now, I ask we support this new team and share in the fruits of their labors.”
Tim Warman, Chief Executive Officer of Fiore, commented: “I’m extremely pleased that Ross is taking on the COO role at Fiore. Ross has proven himself as a very capable operator and an excellent leader who’s earned the respect of the entire Fiore team over the past year. I’m looking forward to working with Ross as we advance our other projects and build Fiore Gold into a 150,000 ounce per year producer. I’m also pleased that Ken Brunk will continue to provide guidance as a Director and technical advisor, and want to thank him for having the vision to see that the excellent technical team he assembled could turn around the Pan Mine and make it into the well-run, profitable operation that it is today.”
Corporate Strategy
Fiore’s goal is to build on the existing operations at our Pan Mine in Nevada to become a 150,000 ounce/year gold producer. To achieve this, we intend to:
- grow gold production at the Pan Mine from a planned 35-40,000 ounces in fiscal 2018 to between 40-50,000 ounces per year by fiscal 2019
- advance exploration and development of the nearby Gold Rock project, with a resource update planned for late 2018
- acquire additional production or near-production assets in Nevada and surrounding states
