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TORONTO, July 16,
2024 /CNW/ - Silver Mountain Resources Inc.
(TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain"
or the "Company") is pleased to announce that Gerardo Fernandez has been elected as a director
of the Company at the Company's annual general meeting of
shareholders, which was held on June 27,
2024 (the "Meeting"). All of the Company's
other directors were also re-elected at the Meeting.
Mr. Fernandez is an experienced mining executive with
substantial business and operational experience in the mining
industry. Mr. Fernandez is currently the Chief Development Officer
of Allied Gold Corporation and acts as a strategic advisor to
Adventus Mining Corporation. Mr. Fernandez was previously Senior
Vice President, Corporate Development of Yamana Gold Inc., having
worked in several leadership positions in operations, strategic
planning and project development. Mr. Fernandez holds a Masters of
Business Administration (Nevada,
USA) and degrees in Civil Mining Engineering and BSc.
Engineering from the University of Chile.
"We are very excited to welcome Mr. Fernandez to our board of
directors. Mr. Fernandez is an accomplished mining executive with a
history of performance in project finance, advisory and leadership
roles. We look forward to the invaluable insight that we know Mr.
Fernandez will bring to the Board as we continue to drive towards
commencing operations at our Reliquias Mine and strive to create
long-term value for our stakeholders," stated Jose Vizquerra, the Chair of the Company.
About Silver Mountain Resources Inc.
Silver Mountain is a silver explorer and mine developer planning
to restart production at the Reliquias underground mine and
undertake exploration activities at its prospective silver camps at
the Castrovirreyna Project in Huancavelica, Peru.
For additional information in respect of the Castrovirreyna
Project, please refer to the Company's technical report, titled NI
43-101 Technical Report: Preliminary Economic Assessment, Reliquias
Mine, dated June 26, 2024, effective
date May 15, 2024, available at
www.sedarplus.ca.
For further information about our drill program, including cross
sections of the main veins with drill hole locations, please refer
to our corporate presentation, available on our website at
www.agmr.ca
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C.
owns 100% of its concessions andholds more than 60,000 hectares in
the district of Castrovirreyna, Huancavelica, Peru.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking
statements") that relate to Silver Mountain's current
expectations and views of future events. Any statements that
express, or involve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as
"will likely result", "are expected to", "expects", "will
continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection",
"strategy", "objective" and "outlook") are not historical facts and
may be forward-looking statements and may involve estimates,
assumptions and uncertainties which could cause actual results or
outcomes to differ materially from those expressed in such
forward-looking statements. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this
news release.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. Such
risks and uncertainties include, but are not limited to, the
factors set forth under "Caution Regarding Forward-Looking
Statements" and "Risk Factors" in the Company's
annual information form dated April 26,
2024, and other disclosure documents available on the
Company's profile at www.sedarplus.ca. Silver Mountain undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law. New factors emerge from time to
time, and it is not possible for Silver Mountain to predict all of
them or assess the impact of each such factor or the extent to
which any factor, or combination of factors, may cause results to
differ materially from those contained in any forward-looking
statement. Any forward-looking statements contained in this news
release are expressly qualified in their entirety by this
cautionary statement.
SOURCE Silver Mountain Resources Inc.