Cibolan Gold Corporation Adds Four to the Technical Team With Extensive Experience in the Independence Project Region Fine-Tuning the Analysis of Their Data
RENO, Mar 19, 2015 -
Cibolan Gold Corporation (OTC PINK: CIBG) (www.nevada-goldmine.com) (the "Company") announces the addition of William Matlack, Robin Hendrickson, Donald McDowell and Dr. Steven Garwin to their technical team. For the last couple of months the team has been analyzing and reviewing the significant amount of data the Company has collected over the last few years. The objective of this review is to identify areas where gold concentrations are higher than originally indicated. Higher concentrations of gold can have a dramatic effect on the economics of the mining operation.
President and CEO, Daniel Forbush, noted: "I have been impressed with the honesty and integrity with which these professionals have assisted Cibolan thus far. With each step of the evaluation they have communicated clearly with management. I look forward to the briefing on the results and sharing them with our shareholders in the next week or two."
The technical team's (combined they have 120+ years of mineral exploration and development experience in the Battle Mountain-Cortez gold trend) analysis is incorporating known data from other properties in area, focused on near surface, near term production opportunities.
"In anticipation of our needing to prove up areas identified as potentially having a higher concentration of gold, the Company is approaching a number of interested accredited investors with a funding proposal to obtain up to $1.1 million in three tranches," said Mr. Forbush.
The added members of the technical team are:
Donald McDowell, PLS
Mr. McDowell has over 30 years' experience in project generation and consolidating strategic natural resources projects. He is currently founding President of America's Gold Exploration, Inc., founding corporate & technical director for Ecuador Gold and Copper, Inc. & former founding president of Great American Minerals, Inc. Don is a uniquely qualified and experienced explorationist with over 25 years of combined business, mineral exploration, project management and development experience with over 21 years of major corporate experience with Nippon, Santa Fe Pacific Gold and Kennecott. Focused experience in Nevada & the Great Basin, Alaska, Ecuador & Central America.
Robin Hendrickson, B.S.
Mr. Hendrickson has over 40 years' experience of major corporate gold exploration and mine development. His career long focus on computer technology has seen Robin consulting on database, development and information system projects as well as providing technical direction and computer software assistance to exploration offices in the US, Canada, Mexico, Brazil, Chile, Kazakhstan and Kyrgyzstan for a variety of clients. Previous clients/employers include Barrick Gold, Placer Dome, Santa Fe Pacific Gold, and Spirit Minerals. He directed geologic data base activities for Placer Dome's exploration projects and mine sites in North/South America. He managed the Information Systems Department at Barrick's Goldstrike Mine, supervised 15 employees and a budget of $3.5 million. At Santa Fe Pacific Gold, he managed group of 12 professionals responsible for analytical databases and geologic resource evaluations including Twin Creeks, Lone Tree, Mesquite and Mule Canyon Mines. He is the founder of EDM Solutions, Inc., which develops commercial web-based database management system for the minerals industry.
William Matlack, M.Sc., Geology
Mr. Matlack specializes in metals and mining investment banking with Scarsdale Equities LLC. He has 14 years prior experience in metals and mining equities, including equity research positions with BMO Nesbitt Burns and Salomon Smith Barney. He was the finder of the Mt. Hope, Nevada molybdenum project for General Moly Inc. and the Gurvanbulag, Mongolia uranium project for Western Prospector Group Ltd., among others. Mr. Matlack was involved in several world-class gold discoveries with Santa Fe Pacific Gold Corp. (now Newmont Mining Corp.) and Gold Fields Ltd. spanning a 20-year career in exploration. These included the Twin Creeks, Lone Tree, and Getchell mines in Nevada, and the Mesquite mine in California. He has a B.A. in Geology from Carleton College and a M.Sc. in Geology from the University of Minnesota.
Dr. Steven Garwin, Ph.D., M.Sc.
Steve Garwin obtained his B.S. from Stanford in 1984 and M.Sc. from the University of British Columbia in 1987, both degrees in the field of geology. He was awarded a Ph.D. in geology (with distinction) in 2001 from the University of Western Australia. Dr. Garwin has more than 25 years of experience as an exploration geologist with large and small mining companies working in SE Asia, SW Pacific, North America, South America, China and Russia. He was employed by Newmont Mining for ten years, including more than two years as Chief Geologist-Nevada (2000-2002), and by Geoinformatics Exploration for five years as a Principal Geologist and Consultant (2003-2007). Since 2008, Dr. Garwin has consulted with several junior and major mining companies. He is an adjunct research fellow at the Centre for Exploration Targeting at the University of Western Australia (since 2001) and has recently been appointed a visiting fellow at the Research School of Earth Sciences, Australian National University. Dr. Garwin became a fellow of the Society of Economic Geologists in 1996, a fellow of the Australian Institute of Mining and Metallurgy in 2012 and a fellow of the Australian Institute of Geoscientists in 2013.
About Cibolan Gold Corporation.
Cibolan Gold Corporation (OTC PINK: CIBG), www.nevada-goldmine.com, is an aggressive junior mining exploration and development company, based in Reno, Nevada. The company is actively pursuing the re-opening of its Independence gold and silver mining project strategically located in the prolific Battle Mountain Mining District of Nevada.
Notice Regarding Forward-Looking Statements. This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and in Canadian securities legislation. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
For further information, please contact:
Wayne Meyerson, Investor Relations
Cibolan Gold Corporation
1155 West Fourth Street, Suite 210
Reno, NV 89503
wayne@gnmtlive.com
775.583.4636 office
