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Cambria Gold Mines (TSXV: CAMB) has brought on two new hires to push its Mt. Margaret copper-gold project in Washington State closer to development, naming David Thomas as Vice-President Projects (USA) and Orla Abrahams as Community Relations Coordinator (USA).
Thomas will steer project development, taking charge of engineering, permitting, and regulatory strategy among other duties. Should the planned spinout of the Mt. Margaret project proceed, he is slated to become Chief Project Officer of the new entity.
Thomas carries more than 40 years across the resource sector spanning mining, metals, energy and large-scale capital builds, with senior roles that have included President, Executive Vice President and Chief Operating Officer. Prior roles include terms at Newmont Mining and Nordgold, and his experience is said to include the full mining value chain across copper, gold, silver, critical minerals and bulk commodities.
Abrahams takes on community relations, stakeholder engagement, workforce development and public communications tied to the project. She brings over a decade of experience across the mining, engineering and professional services sectors, with stints in Europe, Africa and North America. Her focus at Mt. Margaret centres on building ties with local communities, Indigenous groups, educational institutions and regional partners, along with government and agency outreach.
WATCH: A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold
Chief Executive Officer Rob McLeod framed the pair as a fit for a project, stating, “Advancing this large, copper-gold porphyry deposit in the United States will be well served by their strong technical backgrounds, experience in permitting and building mines, and their commitment to working with communities.”
The hires build on a plan Cambria laid out in April, when it disclosed its intention to spin Mt. Margaret out into a separate, U.S.-focused listed company. That announcement accompanied roughly seven square kilometres of additional claim staking around its patented federal claims, which are held in partnership with the U.S. Bureau of Land Management.
Cambria has described the calc-alkaline porphyry system at the Mt. Margaret project as one of the more significant undeveloped copper deposits in the United States, with mineralization beginning at surface. A historic resource estimate conducted on the project suggests a resource of 577 million tonnes is present with 0.36% copper, 0.24 g/t gold, 0.011% moly and 1.58 g/t silver.
Cambria Gold Mines last traded at $1.36 on the TSX Venture.
FULL DISCLOSURE: Cambria Gold Mines is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Cambria Gold Mines. The author has been compensated to cover Cambria Gold Mines on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
One Response
I cannot claim to understand this completely,but I do know they could not have chosen two better people for the job.
Massive congratulations to David and Orla.🎉💯💙❤️💜💚💜