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Vancouver, British Columbia-(Newsfile Corp.-October 12, 2021)- Voleo Trading System Company (Toronto Stock Exchange: trading) (“company”“) (to be renamed Intrepid Metals Corp.) is pleased to announce some positive company developments, with a view to completing all the steps required to complete the business transaction changes, in order to more fully describe becoming a mining issuer under the name of Intrepid Metals Corp. Press release April 22, 2021.
Project development team
The company hired Daniel MacNeil, MSc, P.Geo. With Dr. Alan Wainwright, P.Geo. Broaden the project development technical team. Dan and Alan have more than 40 years of experience in precious metals and base metals in the Americas, Europe and Asia.
Mr. Daniel MacNeil is an expert in precious metals and base metals. He has more than 20 years of experience from the generation of continental-scale projects to the expansion of mineral resources in various geological environments throughout the Americas and Europe. Mr. MacNeil is currently consulting for medium-sized, private and junior mining/exploration companies worldwide on mine resource expansion and early to advanced exploration target delineation, drilling testing and exploration asset evaluation.
Dr. Alan Wainwright is an economic geologist specializing in precious metals and base metals. He has more than 20 years of mineral exploration and research experience in North America, South America, Europe and Asia. Dr. Wainwright completed his Ph.D. at Ivanhoe Mines in Oyu Tolgoi (Mongolia) and became a co-recipient of the HH Spud Huestis Award for his role in the Coffee Gold Discovery (5 Moz Au; Yukon). He is the project leader of the Citethys mineralization project sponsored by the Department of Mineral Deposits of the University of British Columbia, where the research team established a new geological and mineral exploration framework for the Balkans, Turkey and the Caucasus. Dr. Wainwright is a professional geoscientist (PGeo; EGBC) and a member of the Association of Economic Geologists.
“We are very pleased that Daniel and Alan have joined our team because their experience is invaluable for our future development of the company’s real estate portfolio,” said Mark Morabito, the company’s executive chairman.
About Resource Geosciences Incorporated-Project Manager
The company also hired Resource Geosciences Incorporated (“RGI”) as the project manager for the Tombstone South property in Arizona. For more than two decades, RGI has provided exploration services to mining and exploration companies.
The managing partner has more than 60 years of international exploration experience in companies such as Placer Dome, BHP and Cambior, and provides services for Agnico-Eagle, BHP Billiton, Yamana Gold, First Quantum, etc. RGI will provide geological consulting services, administrative services and logistics support for Voleo’s Tombstone South project. RGI will assist in finalizing the drilling target and prepare for the 3000-meter drilling plan planned in the first quarter of 2022. The licenses required for the program are already in place. RGI will also run the program in the field and manage all field personnel and subcontractors on site.
The RGI team is led by Dr. Matthew Gray, who has a PhD. Doctor of Geology from Colorado School of Mines. During his thirty-year career, he has directed the creation of exploration plans and project evaluations throughout the Americas. Dr. Gray has extensive experience in project development and resource/reserve QA/QC verification, and serves as a qualified person for projects carried out on behalf of clients according to the definition of CSA National Instrument 43-101.
Intrepid Metals Corp.’s business transaction and name change update
As mentioned earlier, the company has obtained conditional approvals for its business transaction changes and the acquisition of the Tombstone South property. The company has now obtained the written consent of most shareholders, and the only important condition for the completion of the transaction is the completion of financing for the same period. The company is completing financing and is expected to be completed before mid-November.
In anticipation of the final approval of TSX Venture Exchange’s changes to its business transactions, a new website has been developed, which can be found at the following URL www.intrepidmetals.com.
About Tombstone South
Tombstone South Property is located 5.6 kilometers southwest of the town of Tombstone in Cochs County, Arizona, USA. From Tucson, Arizona, the property can be easily reached by car on a paved road for two hours. The property is an opportunity at the exploration stage, and it is possible to discover a large number of high-grade silver/lead/zinc veins and carbonate substitute deposits similar to those mined in the tombstone area. The Tombstone mine produced 32 million ounces of silver in the 1880s.
In addition to the tombstone-like silver mineralization in the Bisbee group, the target concept of the property will be to test the Cretaceous-Paleogene contact. The formation contains the Taylor silver/lead/zinc deposit in southern Arizona, which was purchased by South 32 in 2018 for 1.3B USD. Grade silver deposit provides a very favorable environment for the mineralization of Taylor deposit style.
extra information
Trading of the company’s common stock on the exchange will continue to be suspended until the requirements of the exchange are met.
The completion of the transaction is subject to a number of conditions, including but not limited to the acceptance of the exchange and the approval of disinterested shareholders (if applicable). Where applicable, the transaction cannot be completed until the required shareholder approval is obtained. There is no guarantee that the transaction will be completed as proposed or will not be completed at all.
Investors should note that unless disclosed in the transaction-related management information notice or filing statement, any information related to the transaction published or received may be inaccurate or incomplete and should not be relied upon. Voleo Trading Systems Inc.’s securities trading should be considered highly speculative.
TSX Venture Exchange Inc. did not communicate the advantages of the proposed transaction in any way, nor did it approve or disapprove the content of this press release.
The company’s technical work on the Tombstone South project is supervised by Ph.D. Chris Osterman, P.Geo. He is the company’s consultant and a qualified person as defined by National Instrument 43-101. Dr. Osterman has reviewed and approved the technical information contained in this press release.
For more information about the Tombstone South property, please refer to the National Instrument 43-101 Technical Report dated May 10, 2021, entitled “Tombstone South Property Technical Report in Cochs County, Arizona, USA”, which was submitted to SEDAR At www.sedar.com.
About Voleo Trading Systems Inc./Intrepid Metals Corp.
For more company information, please visit www.intrepidmetals.com
On behalf of the VOLEO Board of Directors
“Mark Morabito”
Executive Chairman
For more information, please contact:
Investor Relations
+1-604-681-8030
Investor.relations@myvoleo.com
Note on forward-looking information
Certain statements contained in this press release constitute forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws (collectively referred to herein as “forward-looking statements”). Such forward-looking statements involve: (i) cancellation of conditions related to the completion of the transaction; (ii) completion of any simultaneous financing; (iii) receipt of TSXV’s approval for the transaction.
All statements other than statements of historical facts may be forward-looking statements. Such forward-looking statements are usually but not always through the use of “expects”, “budgets”, “plans”, “estimates”, “anticipates”, “forecasts”, “may”, “will”, “project”, “potential “, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expected in such forward-looking statements. Voleo believes that the expectations reflected in these forward-looking statements are reasonable, but cannot guarantee that these expectations will prove to be correct, and should not place undue reliance on such forward-looking statements contained in this press release. These forward-looking statements represent only as of the date of this press release, or as of the date specified in the documents incorporated by reference in this press release (as the case may be).
Regarding the forward-looking statements contained in this press release, Voleo has made the following assumptions: the accuracy, reliability and applicability of Voleo’s business model; the impact of COVID-19 on Voleo’s operations; Voleo’s ability to implement its business plans as expected; The legislative and regulatory environment of the jurisdiction in which Voleo does business; the impact of competition; and the funds required to execute the business plan. Voleo contains the above summary of the assumptions and risks related to the forward-looking statements provided in this press release. The purpose is to provide investors with a more comprehensive understanding of Voleo’s current and future operations. Such information may not be suitable for other purposes.
Readers please note that the above list of factors is not exhaustive. It is unreasonable to rely on any such forward-looking statements and information as creating any legal rights. These statements and information are not guarantees and may involve known and unknown risks and uncertainties. Actual results may be different (and may be materially different), and goals and strategies may differ or change from those expressed or implied in forward-looking statements or information due to various factors. Except as required by applicable securities laws, Voleo assumes no responsibility or assumes any obligation to publicly update or revise any forward-looking statements after the date of this press release.
Neither TSX Venture Exchange nor its regulatory service provider (the term is defined in the policies of TSX Venture Exchange) has reviewed or assumed responsibility for the adequacy or accuracy of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99101
Source: Press file
Version number: 43127
There is no offer to sell, no invitation to buy, and no recommendation for any securities or any other products or services in this article. In addition, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or securities, or participate in any investment strategy or transaction. You are responsible for determining whether any investment, investment strategy, securities or related transactions are suitable for you based on your investment objectives, financial situation and risk tolerance. Regarding your specific business, legal or tax situation, please consult your business adviser, lawyer or tax adviser.
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