Sunward Resources Ltd Appoints Paul Robertson as Chief Financial Officer, Effective October 1, 2013
Oct 1 13
Sunward Resources Ltd. announced the appointment of Paul Robertson as its Chief Financial Officer effective October 1, 2013. Mr. Robertson is a Chartered Accountant who brings to his position over 19 years of senior industry experience working with a variety of Canadian public resource companies with operations around the world. Currently, he is the managing partner of Quantum Advisory Partners LLP. Previously, Mr. Robertson held senior financial positions with a number of Colombia-focused companies.
Sunward Resources Ltd. Increases Measured Resources of Both Gold and Copper at Titiribi Project
Sep 12 13
Sunward Resources Ltd. announced that it has completed an updated mineral resource estimate for its 100%-owned Titiribi Project located in Antioquia Department, approximately 70 kilometers southwest of the city of Medellin, Colombia. Sunward has completed 144,778 metres of drilling in total on the Project, primarily focused at the Cerro Vetas mineralized zone. This drill program is now complete. A Technical Report has been prepared by Behre Dolbear & Company (USA) Inc. in accordance with NI 43-101. Behre Dolbear has reported that, based on a cut-off of 0.3 grams per tonne (‘g/t’) gold, the Titiribi project currently hosts 285.8 million tonnes (‘Mt’) of Measured and Indicated Mineral Resources averaging 0.50 g/t gold, thus containing 4.63 million ounces (‘Mozs’) of gold. In addition, the Project contains 654.4 million pounds (‘Mlbs’) of copper in the Measured and Indicated Resource categories, resulting in a corresponding gold-equivalent resource of 6.22Mozs. These figures incorporate a substantial increase in the overall amount of Measured gold and copper resource (51.6 Mt @ 0.49 g/t Au and 0.17% Cu) contained in Titiribi, which, in June 2012, stood at 7.5 Mt grading 0.46 g/t gold and 0.16% copper. Importantly, the stated gold for Measured resource increased almost 7.5 times to approximately 816,000 ounces and the stated copper increased almost 7.2 times to approximately 195 Mlbs. Overall, the combined Measured and Indicated tonnes have remained fairly consistent, increasing somewhat from 275.4 Mt containing 4.58 Mozs of gold and 615.4 Mlbs of copper to 285.8 Mt containing 4.63 Mozs of gold and 654.4 Mlbs of copper. Inferred gold Resources (349.4 Mt averaging 0.53 g/t gold) at Titiribi have decreased slightly, moving from 6.44 Mozs gold to 6.01 Mozs gold and Inferred copper Resources decreased from 388.5 Mlbs to 216.3 Mlbs. Factoring in copper content in the Cerro Vetas mineralized zone, Inferred Resources, expressed in gold-equivalent, now total 6.53 Mozs2. This outcome is primarily due to the incorporation of results of the Cerro Vetas infill drill program, which was not expected to materially impact the overall Resource estimate. The current resource model also confirmed a higher-grade zone of breccia-hosted, gold-dominant mineralization in the northwest sector of the Cerro Vetas porphyry. This zone hosts a Measured and Indicated Mineral Resource of 39.7 Mt grading 0.62 g/t gold for a contained 0.79 Mozs of gold, along with an Inferred Mineral Resource of 96.2 Mt grading 0.54 g/t gold containing 1.68 Mozs of gold. Significant Increase in Measured Global Resource: The increased tonnage and ounces of gold and lbs of copper in the Measured category of Resources, reported by Behre Dolbear, were primarily the result of the incorporation into the current resource model of recent in-fill drill holes located for the most part in the Cerro Vetas zone, along with modified and reinterpreted geology at the Cerro Vetas, NW Breccia and Chisperos resource areas.
Sunward Resources Ltd Announces Amendment to the Articles
Sep 11 13
Sunward Resources Ltd. announced that at its AGM to be held on September 10, 2013, the shareholders approved the amendment to the Articles of the company to include an advance notice requirement, the company's new stock option plan, and the implementation of a deferred share unit plan for the Directors and Senior Officers.