Business
Valorem Resources Appoints Jonathan Victor Hill to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2023) - VALOREM RESOURCES INC. (CSE: VALU) (FSE: X37) (the "Company") is pleased to announce that, effe
About this update from Avanti Gold Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 29, 2023) - VALOREM RESOURCES INC. (CSE: VALU) (FSE: X37) (the \"Company\") is pleased to announce that, effective March 28, 2023, it has appointed Jonathan Victor Hill to the board of directors of the Company. Mr. Jonathan Hill Mr. Hill is an economic geologist with over 35 years of experience globally, in exploration, project development and mining operations, and has been directly involved in the discovery of several world-class projects within both greenfield and brownfield areas. Mr. Hill founded Exploration Outcomes Ltd. in 2017 and acted as principal advisor. Mr. Hill provides specialist support to a number of companies, including Jaguar Mining, Lavras Gold and Santana Resources. Mr. Hill is non executive director and chairman of Royal Road Minerals and a non executive director of Stratabound Minerals. He holds a BSc (Hons) Economic Geology from the University of Cape Town, South Africa and a BAppSc. Applied geology from the Queensland University of Technology, Australia, and is a fellow of the Australian Institute of Mining and Metallurgy. About Valorem Resources Inc. Valorem Resources is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo (\"DRC\"), located in the Fizi territory of South Kivu province, in the DRC. The Misisi Gold Project (or the \"Project\") has a contained Inferred Mineral Resource of 3 million ounces of gold as reported in the Company's National Instrument 43-101 technical report on the Misisi Gold Project (the \"Technical Report\"). The Project is located 250 kilometres south of Bukavu, the provincial capital of the South Kivu Province, in the DRC. The Project is comprised of three contiguous 30-year mining leases, valid until 2045, covering 133 square kilometres of prospective exploration ground along the 55-kilometre-long Kibara Gold Belt. The Kibara Belt is a well-known metallogenic province and hosts a number of other deposits including the Twangiza (5.1 Moz oz Au, source: S&P Global) and Namoya (1.9 Moz, source: S&P Global) gold mines. The Project is host to the Akyanga deposit, which is the subject to Inferred Resource of 44.3 million tonnes at an average grade of 2.16 grams per tonne gold containing 3.0 million ounces. Near term upside potential around the existing Akyanga depos...