Omai Gold Mines Corp. (TSXV: OMG) reports that Mario Stifano has resigned from his roles as President, Chief Executive Officer and Director, effective immediately, in order to pursue other opportunities.
Elaine Ellingham, a Director of Omai, has agreed to step in as interim CEO until a permanent CEO has been identified and appointed, and a search process has commenced.
M. Ellingham is a seasoned mining executive and veteran geologist (P.Geo.) with over 35 years’ experience in the mining and exploration business.
She has held numerous roles with junior and major mining companies, from field geologist to corporate development, and investor relations. Elaine worked for the Toronto Stock Exchange for 8 years in corporate finance and as National Leader, Mining.
As a consultant since 2005, she has been a strategic advisor working with numerous international companies and private equity groups. She has extensive board experience over 14 years. As a director of Richmont Mines Inc., Elaine stepped in as interim CEO, introducing a new chapter for the gold producer, where Renaud Adams (Omai’s Chairman) then led the company as CEO through to the successful near-billion-dollar acquisition by Alamos Gold Inc. three years later.
“On behalf of the board and management of Omai, I sincerely thank Mario, who was instrumental in the successful listing of Omai on the TSX Venture Exchange and mobilising the recently completed, initial 5,00m drill programme that has already proven successful in identifying extensions to the known mineralisation at depth below the past producing Wenot Pit,” Omai’s Chairman of the Board of Directors, Renaud Adams, said.
“With the recent closing of the upsized non-brokered private placement, this sets our strong board and management team in good stead to focus on accelerating exploration priorities on the Omai gold project. We wish Mario every success as he takes on his new full-time role as CEO at Galantas Gold Corporation. I look forward to working with Elaine and welcome her as interim CEO.”
Omai Gold Mines Corp., through its wholly owned subsidiary Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License covering 4,590 acres, that includes the past producing Omai gold mine. Once South America’s largest producing gold mine, Omai produced over 3.8 million ounces of gold between 1992 and 2007. Mining ceased at a time when the average gold price was less than US$350 per ounce, leaving significant drilled
For further information please visit: https://www.omaigoldmines.com/