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Pacific Precious Acquires Golden Trend in Cortez Trend, adjacent to Barrick's Goldrush, Appoints Ron Stewart CEO
Pacific Precious Acquires Golden Trend in Cortez Trend, adjacent to Barrick's Goldrush, Ap...
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[{"type":"text","content":"\n\n\n\nPacific Precious Acquires Golden Trend in Cortez Trend, adjacent to Barrick's Goldrush, Appoints Ron Stewart CEO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 14, 2020\n\n\n\nTORONTO, July 14, 2020 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce that Pacific Precious, of which Orefinders is the largest shareholder, has entered into an agreement to acquire the Golden Trend Project in the Cortez Trend distract of Nevada from Rubicon Resources Inc. (\"Rubicon\"). Golden Trend is immediately adjacent to the 15,000,000 ounce Goldrush deposit which is owned by Nevada Gold Mines, the joint venture between Barrick (ABX:TSX) and Newmont (NGT:TSX). \nMap of Golden Trend Property \nThe Golden Trend property is sought after real estate, given it is strategically located within the prolific Battle Mountain – Eureka trend. The Golden Trend property spans 2,286 acres and lies immediately adjacent to the Goldrush deposit property and southeast of, and along the same structure as Barrick Cortez mine. The Company believes Golden Trend shares similar geology to Barrick's Goldrush deposit, however it has seen only limited exploration to date and is therefore considered an early exploration stage opportunity within this highly productive environment. \nRon Stewart Appointed as CEO of Pacific PreciousRon Stewart is a mining professional with over 30 years of experience in exploration, project development, operations and capital markets. Mr. Stewart was previously Senior Vice President, Technical Services and Corporate Development at Guyana Goldfields, and prior to that, President and CEO of Beaufield Resources, which was acquired by Osisko Mining.  Ron is also highly experienced in the Capital Markets and was an award-winning equity analyst and investment banker at Dundee Securities, Clarus Securities and Macquarie Capital Markets.\n\"We are pleased to announce both the appointment of Ron and this acquisition on behalf of Pacific Precious. Thes...