Shield Gold (SHG-V) appoints Zajac to board, to start met testing
Sept 10, 2013 - News Release
Shield Gold Inc. has appointed Jeff Zajac, FCMA, MA, BComm, to Shield Gold's board of directors. Mr. Zajac is president and founder of Solus One, a multinational software and market research company established in 2004. He has significant experience in analyzing and closing international distributor agreements and joint venture transactions. He is also chief executive officer of Micro Minerals, a private junior mining exploration company. His prior experience includes working in strategic and financial planning roles with a number of Fortune 500 companies. He brings to Shield's board expertise in the areas of audit, tax, corporate governance, strategic planning and international marketing. Mr. Zajac is a fellow of the Society of Management Accountants of Canada, and holds a bachelor of commerce and finance degree from the University of Toronto, and a master of leadership studies degree from the University of Guelph. Mr. Zajac will take over as chairman of the corporation's audit committee.
Shield Gold is also pleased to report that a helicopter-borne geophysical survey has been completed over its Lochaber township graphite properties in the Outaouais region of southwestern Quebec. The survey included magnetic, spectrometric and time-domain electromagnetic (TDEM) components; the survey specifications are identical to those that had been carried out previously over Shield's Buckingham graphite properties. The current work included more than 400 line kilometres of flight lines at a nominal spacing of 75 metres. Prospectair Geosurveys Inc. of Gatineau, Que., was contracted to carry out the survey. The final results of the airborne surveying will be analyzed for follow-up work; geological mapping and prospecting have already been carried out in the field based on the preliminary results of the survey.
Shield will be conducting a series of comprehensive metallurgical studies on bulk sample material from its graphite properties to properly assess the size and purity levels of natural flake graphite present on those properties. An Ontario-based mineral services laboratory will be contracted to initiate the test program. The primary objective will be to develop a flowsheet based on a concentrate grading greater than 92 per cent carbon, while understanding flake size, grade and purity of the graphite within the concentrate. This testing will be extremely important as the results will assist Shield at such time that it can commission a preliminary economic assessment (PEA) of the project, as well as developing an understanding of the engineering design criteria for mineral recovery.
The metallurgical studies will also include chemical characterization, mineralogy, flake grindability and flotation testing on the bulk sample. The company hopes to have the results of these tests available by the fourth quarter of this year.
The technical content of this press release has been reviewed and approved by John M. Siriunas, PEng, a qualified person as defined by National Instrument 43-101. |
