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Silverton Metals Corp. to Change Name to Lodestar Battery Metals Corp. and Announces Preparation of Resource Estimate at Penasco Quemado Property
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2022) - Silverton Metals Corp. (TS...
About this update from Lodestar Metals Corp.
[{"type":"text","content":"Silverton Metals Corp. to Change Name to Lodestar Battery Metals Corp. and Announces Preparation of Resource Estimate at Penasco Quemado PropertyVancouver, British Columbia--(Newsfile Corp. - October 31, 2022) - Silverton Metals Corp. (TSXV: SVTN) (OTCQB: SVTNF) (\"Silverton\" or the \"Company\") is pleased to announce that the board of directors of the Company has approved a change of the Company's name to \"Lodestar Battery Metals Corp.\" (the \"Name Change\"). The Name Change better reflects the Company's focus on exploration and development of lithium and silver projects.Shareholders of the Company will not be required to exchange their existing share certificates for new certificates bearing the Company's new name. The Name Change does not affect the Company's share structure or the rights of the Company's shareholders. No action is required by existing shareholders of the Company. The Name Change is subject to the acceptance by the TSX Venture Exchange. Board and Management Changes The Company also announces that it has reappointed Killian Ruby as Chief Financial Officer and a director to replace outgoing Chief Financial Officer Kyle Appleby and director Gunther Roehlig. Mr. Ruby is the Company's former Chief Financial Officer and has extensive experience working with the Company. Mr. Ruby is President and CEO of Malaspina Consultants Inc.\"On behalf of the Board and management, I'd like to thank Mr. Roehlig for his support of Silverton,\" said Lowell Kamin, CEO of Silverton. \"I am excited for Silverton to move into this next chapter and to expand our focus to include lithium exploration and development. Mr. Ruby's dynamic finance experience and previous knowledge of the Company gives me confidence in our ability to execute on our new strategy as Lodestar Battery Metals Corp.\"Commencement of Resource Estimate on Peñasco Quemado PropertyThe Company is pleased to announce that it has engaged Micon International Limited to prepare a current mineral resource estimate on the silver-focused Peñasco Quemado Property.A 2006 drilling program outlined a historical measured and indicated resource of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces (see \"Peñasco Quemado Historical Mineral Estimate\" below). The silver mineralization is associated with manganese oxides in a nea...