Business
Medallion Appoints New Director
Medallion Appoints New Director.
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\n\n\n\n\nTSX-V: MDL\n\nVANCOUVER, Oct. 5 /CNW/ - Medallion Resources Ltd is pleased to announce\nthat it has appointed David Fry as a director, subject to TSX Venture Exchange\napproval. The Medallion Board now consists of William H Bird, Donald M Lay,\nDavid A Haber, Roderick C McKeen and David Fry.\nDavid Fry has over 20 years business experience. For the past 14 years in\nhis capacity as a consultant for companies in a number of industry sectors\nincluding mining, oil and gas and manufacturing, he has been extensively\ninvolved in corporate communications and corporate finance work. He started\nhis career in the advertising industry working for Scali, McCabe, Sloves and\nMcCann Erickson. Mr Fry obtained a Bachelor of Arts degree from the University\nof Saskatchewan.\nMedallion, under its stock option plan dated 13 September 2006, has\ngranted David Fry options to purchase 100,000 common shares of the Company at\n30 cents per share. The options are good for five years and are subject to\nregulatory approval.\n\nMedallion Resources Ltd (TSX-V : MDL) is a professionally managed\nCanadian publicly traded company exploring for precious and strategic metals\nin North America. The Company is presently exploring the Ocelot gold property,\nwhich is located 40 kilometres northwest of Austin, Nevada. Exploration work\ntargets potentially deep, high-grade mineralization of the epithermal\nquartz-adularia gold-exploration model. Gold deposits such as Midas, Silver\nCloud, and deeper portions of Sleeper and Grassy Mountain exemplify this\nmodel. Typical of the epithermal quartz-adularia gold model, the Ocelot\nproperty contains widespread occurrences of silicification, anomalous gold\nvalues and a quartz-adularia hot-springs system.\nThe Ocelot property lies at the intersection of two major Nevada gold\ntrends, the Independence - Crescent Valley Lineament and the Austin-Lovelock\nmineral belt. Both trends host significant gold deposits and the intersection\nof the two trends creates an excellent gold-exploration target. The\nAustin-Lovelock mineral belt is the next major Nevada mineralization trend\nwest of, and parallel to the Battle Mountain - Cortez trend.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\"William H Bird\", PhD, PGeo, President & CEO\n\nWilliam H. Bird, PhD, PGeo, serves the Board of Directors of the Company\nas an intern...