VANCOUVER, Jan. 23, 2014 /CNW/ - Altan Nevada Minerals Limited, TSX.V: ANE ("Altan Nevada" or the
"Company") announces the appointment of Brion Theriault and Aidan Nania to the
board of directors ("the Board") and the resignation of Kelly Cluer and
Michael Doggett from the Board.
Mr. Nania is an Investment Banker and Managing Director of Element
Capital Partners, an investment arm of Element Commodities Group, with
interests in mining, oil, and gas. Mr. Nania was previously Head of
Investment Banking in Australia for Casimir Capital L.P., a natural
resources focused investment bank. Mr. Nania is also the President and
CEO of Archean Star Resources Inc.
Mr. Theriault serves as Exploration Manager for Altan Nevada Minerals
Limited. He is a Certified Professional Geologist and Qualified Person
and has over 20 years of experience in precious metals exploration,
development, and production including substantial experience in Nevada
on the Carlin, Battle Mountain-Eureka, and Independence Trends. Mr.
Theriault has consulted to successful juniors and served on the staffs
of AngloGold and Newmont. Notably, at Premier Gold Mines he managed
the exploration office and designed and supervised their deep-drilling
program to explore and delineate the Saddle gold deposit on the Carlin
Trend; and at Newmont, he discovered an extension of the Lone Tree
deposit and developed the stratigraphic model which led directly to the
discovery of the Barrel deposit on the Carlin Trend.
The Company wishes to thank Mr. Cluer and Mr. Doggett for their
contribution to the Company over the past years and wishes them well
with future endeavors.
The Company also announces that it has granted to directors, officers,
consultants and management of the Company, stock options (the
"Options") to purchase a total of 1,430,000 common shares at a price of
$0.10 per common share. The Options are exercisable for a period of 5
years ending January 23st, 2019 and have been granted in accordance
with the terms of the Company's current stock option plan.
About Altan Nevada
Altan Nevada is a leading exploration innovator focused on the discovery
of large-scale ore systems in under-explored districts of Nevada, USA.
The Company's holdings in Nevada currently total more than 15,002
hectares. Projects include two potential district-scale extensions to
the north Carlin Gold Trend, three Yerington District copper-gold
targets and three large-scale gold alteration systems along the Walker
Lane lineament in central Nevada.
On behalf of Altan Nevada Minerals Limited,
Evan Jones, President & CEO
This press release may contain forward looking statements including
those describing Altan Nevada's future plans and the expectations of
management that a stated result or condition will occur. Any statement
addressing future events or conditions necessarily involves inherent
risk and uncertainty. Actual results can differ materially from those
anticipated by management at the time of writing due to many factors,
the majority of which are beyond the control of Altan Nevada and its
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Altan Nevada Minerals Limited
For further information:
Altan Nevada Minerals Limited
Tel: +1 604 495 8374