MONTREAL, Feb. 28, 2018 (GLOBE NEWSWIRE) — OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX Venture:OOR), is pleased to announce that Pierre O’Dowd, P. Geo. has joined its management team and will act as Technical Advisor.
M. O’Dowd graduated from the Geology department of the Montreal University in 1978. He has accumulated more than 40 years of experience in mining exploration and development. He has contributed to many discoveries and mine developments projects while working with companies such as Soquem, Falconbridge Copper, Noranda, Breakwater Resources, Cambior as well as junior companies. He has worked in 15 different countries, especially in South America, and is familiar with numerous deposit types such as VMS, mesothermal and epithermal gold and silver, porphyry copper and replacement orebodies, lithium, Iron-Vanadium and coal.
Mr. O’Dowd has been vice-president and president of junior companies for many years. He is a member of the Order of Professional Geologist of Quebec and is a Qualified Person under NI 43-101. He has produced or contributed to more than twenty-five NI43-101 technical reports.
Mr. O’Dowd stated “I am very excited to join such a highly experienced and dedicated exploration team. Opus Ones’ properties are favorably located in very prospective mining districts in Quebec and preliminary results obtained by the company so far are very promising. Our immediate goal is to develop our projects into significant gold discoveries which could deliver, in the medium term, gold resources.”
Mr. Louis Morin, CEO, states: “We are pleased to welcome Mr. O’Dowd in our technical team as he possesses a broad field experience in the specific areas where Opus One is active. His insights and inputs will provide us with a good complement to Tony Brisson’s work. “
Opus One will be at the Prospectors & Developers Association of Canada (PDAC) Convention, located in the Metro Toronto Convention Centre, Toronto, Canada from March 4th to 7th. Our technical team will be happy to meet you at booth 2125.
About OPUS ONE Resources Inc.
Opus One Resources Inc. is a mining exploration company focused on discovering high quality gold and base metals deposits within strategically located properties in proven mining camps, close to existing mines in the Abitibi Greenstone Belt, north-western Quebec and north-eastern Ontario – one of the most prolific gold mining areas in the world. Opus One holds assets in Val-d’Or, Matagami and Chibougamau areas. Opus controls a 90% to 100% interest in the following projects:
- Bachelor Extension property is adjacent to Metanor Resources Inc.- Bachelor Gold Mine,
- Vezza Extension and Vezza North are located few kilometers West and North of Nottaway Resources’ Vezza Mine.
- Courvillle (90%) property is located east of Val D’Or.
In addition, Opus One detains the right to earn a 100% interest in three highly prospective properties, all of which are easily accessible by a network of all season roads. They are as follows:
- Fecteau property, located in the Urban-Barry greenstone belt, east of Osisko Mining’s Windfall Lake deposit, currently one of the most active exploration area in Canada;
- Winwin property, located directly North of Iamgold’s Monster Lake property, and
- Grizzly property, located 40 kilometers north-west of the city of Chapais in a similar geological setting to Northern Superior’s Croteau East project.
This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of OPUS ONE, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Grizzly Property, or if any of them do so, what benefits OPUS ONE will derive. Forward-looking information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond OPUS ONE Resources Inc.’ control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in OPUS ONE’s management discussion and analysis for the year ended August 31, 2016, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. OPUS ONE does not intend, nor does OPUS ONE undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Louis Morin, CEO & Director
T (514) 591-3988
Michael W. Kinley, CPA, CA
President, CFO & Director
T (902) 826-1579
F (902) 826-2550
C (902) 402-0388
Visit Opus One’s website: www.OpusOneResources.com