Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX VENTURE:BFD) is pleased to announce the appointment of Mr. Hervé Thiboutot as a Director of the Corporation. In addition, Mr. Ronald Stewart, who was appointed as interim President and Chief Executive Officer (“CEO”) of Beaufield on March 2, 2017, is appointed President and CEO of the Corporation.
Mr. Thiboutot has been a major contributor to the co-discovery of more than 20 million ounces of gold during his 35 years career working for major, mid-tier, and junior mining companies. He brings to Beaufield, as Independent Director, a wealth of experience in all aspects of exploration from generating, negotiating and managing projects, to corporate, community and governmental relations, and in liaising with project and mine development engineers.
Mr. Thiboutot comprehensive exploration and mining company experience includes:
- Integra Gold Corp., Senior Vice President: Leading the team that discovered the multi-million ounces Triangle and No. 4 Plug gold deposits in the heart of the Val-d’Or district. Integra Gold was purchased by Eldorado Gold for over $370 million on July 10, 2017.
- Alamos Gold Corp., Vice President of Exploration: While working in Mexico (Mulatos Mine) and Turkey (Agi Dagi Mine), Mr. Thiboutot was instrumental in doubling the global gold resources and reserves for Alamos Gold, to more than 5 million ounces gold in less than three years.
- Goldcorp. Inc., Project Manager – Eléonore: Responsible for overall project management and geological portion of the feasibility study of Goldcorp’s Éléonore Project in Northern Québec, presently in operation with significant production forecasted over a minimum of 15 years.
- Placer Dome Inc., various senior positions including Project Geologist, Project Manager, Country Manager and Exploration Manager. Mr. Thiboutot worked on multiple advanced stage projects in diverse countries such as Canada, USA, Tanzania, Niger, Venezuela, and Mexico, amongst others during his 24 years with the company.
Mr. Thiboutot is a geological engineer graduating from Laval University, Québec City, QC, and is a member in good standing with the “Ordre des Ingénieurs du Québec”.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec and Ontario. Please refer to Beaufield’s website to view the Corporation’s properties in Urban-Windfall, Eleonore-Opinaca, Troilus, Hemlo and Launay. The Corporation is actively exploring, well financed with approximately $7 million in working capital, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.