FULL DISCLOSURE: The Deep Dive is long the equity of Golden Cariboo Resources
Golden Cariboo Resources Ltd. (CSE: GCC) has announced changes to its executive team, appointing Frank Callaghan as the new President and CEO. Callaghan also joins the company’s Board of Directors. This move marks a significant shift in leadership for the mining company, known for its exploration properties in the Cariboo Mining District of central British Columbia, Canada.
Callaghan brings over 30 years of experience in the mining industry, particularly in the gold sector. His career includes key roles in various gold camps such as Gold Bridge/Bralorne and Wells/Barkerville, and involvement in copper, silver, and zinc mining in Smithers and Keno Hill. He is noted for his role in the development of two gold mines and his early work on the Cariboo Gold Project with Osisko Development Corp.
In the company news release, Callaghan said, “This team brought the Bonanza Ledge Mine from the discovery stage through to production while I was CEO of Barkerville Gold Mines before the acquisition of the company for $330 million dollars by Osisko Royalties, which was then spun into Osisko Development. I feel strongly that we can do it again as there is potential in a similar geological setting at the Company’s Quesnelle Gold Quartz Mine property near Hixon, BC.”
Tom Kennedy, the former CEO, transitions to the role of Chief Operating Officer (COO). His tenure as CEO was marked by several developments within the company. Kennedy’s new role as COO is expected to complement the strategic direction under Callaghan’s leadership.
Golden Carbioo’s share price last traded at $0.035 on the CSE at the time of publishing.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Golden Cariboo Resources. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
