FULL DISCLOSURE: This is sponsored content for Sterling Metals.
Sterling Metals (TSXV: SAG) has rejigged its board of directors as of this morning, appointing a new Chairman following the completion of the transaction with Copper Road Resources (TSXV: CRD).
Mark Goodman has been appointed as Chairman, replacing Richard Patricio in the role. Goodman has over two and a half decades of public and mining company experience, while having most recently served as President of Dundee Corporation (TSX: DC.A), a merchant bank focused on mining.
“We are delighted to welcome Mark as Chairman of Sterling. The Copper Road Project is poised to be a significant value driver for our company, with well-defined targets and substantial regional potential. Given Mark’s extensive history with the project as Chairman of Copper Road and now our largest shareholder, we look forward to leveraging his expertise to advance the project,” commented Mat Wilson, CEO of Sterling Metals.
Richard Patricio, the former Chairman of the company, will remain as an advisor to the company.
The changes follow the closing of the Copper Road transaction, which saw Sterling issue 86.2 million shares to acquire the Copper Road Project. The 24,000 hectare project, based on Ontario, has multiple breccia and porphyry targets, with the project also featuring past production.
Drill results released in December for the project saw intersects of 342 metres of 0.23% copper equivalent, as well as 50.17 metres of 1.00% copper equivalent, and 38.63 metres of 1.17% copper equivalent.
An inaugural work program following the acquisition by Sterling is currently in development, with the company said to release details of the program in due course.
Sterling metals last traded at $0.055 on the TSX Venture.
FULL DISCLOSURE: Sterling Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Sterling Metals. The author has been compensated to cover Sterling Metals 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.
