Victory Resources said Ireton, who was the former CEO of Noram Ventures Inc, brings mining and finance expertise to the company as it scales up operations on multiple properties in North America.
“On behalf of the board, we are thrilled to welcome Mark to the Victory team, his experience, both in the mining and finance fields is exactly the match Victory requires to grow its exploration capabilities and very importantly, to operate at the highest levels of efficiency and purpose,” Victory Resources Director David Lane said in a statement.
READ: Victory Resources shores up mining interests in North America, advances Loner Project in Nevada and Canadian assets
Ireton also commented, stating: “Timing in the resource sector is everything and I am excited to join the Victory team, with a focus toward maximizing the value from a very promising portfolio of properties from gold to lithium.”
“Victory’s exploration and work programs are progressing rapidly at a time when we see unprecedented demand for lithium and a continued appreciation in the value of metals across the board,” he added.
The company also noted that as President of Noram Ventures, Ireton oversaw the exploration and advancement of its primary asset, a clay lithium property with similar attributes to Victory’s Smokey Lithium Project, and in the same vicinity.
Victory recently added the Smokey Lithium, Black Diablo and Loner properties to its portfolio, all of which are in Nevada.
It said work programs are set to begin, starting with the Loner 500-metres short hole drill exploration, and the company is aggressively ramping up its exploration and acquisition efforts.
Victory added that its former President David Lane will continue to serve as a company director, while Glen Harder has resigned from the company’s board.
As well, the company reported that it has issued a total of 3.4 million options pursuant to its incentive stock option plan to management, employees and consultants, with each option entitling the holder to subscribe for one common share of the company for $0.10 for a period of five years, subject to the terms of the plan.
Victory Resources is currently developing its existing projects, including its recently optioned Loner property in Nevada adjacent to Goldbanks, its recently acquired properties, Hammond Reef South in Ontario adjoining Agnico Eagle’s Hammond Reef mine, and Lac Simard in Quebec within 20 kilometers of three operating gold mines, including Agnico Eagle’s Goldex, Canadian Malartic mines and Eldorado Gold’s Lamaque mine.
Contact Sean at [email protected]
Story by ProactiveInvestors
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