|By Marketwired .||
|March 17, 2014 09:15 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/17/14 -- Newmarket Gold Inc. (TSX VENTURE: NGN) (the "Company" or "Newmarket") is pleased to announce that the Company has appointed Raymond Threlkeld as Chairman of the Board effective immediately.
Douglas Forster, President and CEO stated: "On behalf of the Newmarket Board of Directors I am delighted to welcome Mr. Threlkeld to the Newmarket team as Chairman. Ray has a proven track record in the gold sector in project development, construction and mine operations. During his tenure as Vice President Project Development with Barrick Gold Corporation Ray was responsible for placing more than 30 million ounces of gold resources into production. His knowledge and experience in project development and mine operations will be a great asset to Newmarket as we execute on our strategy for growth."
Mr. Threlkeld is a seasoned mining professional with more than 32 years of experience in mineral exploration, mine operations and construction and executive management. Most recently Ray was President and CEO of Rainy River Resources that was developing the 4.0 million ounce Rainy River gold deposit in Ontario. New Gold purchased Rainy River for $310 million in 2013. From 2006 to 2009 Ray led the team along with Randall Oliphant that acquired, developed and put into operation the Mesquite gold mine in California with Western Goldfields subsequently being purchased by New Gold for $314 million in 2009. From 1996 to 2004 Ray held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. During Ray's tenure at Barrick he was responsible for placing more than 30 million ounces of gold resources into production in Africa, South America and Australia. Among his accomplishments were the Pierina Mine in Peru, Bulyanhulu Mine in Tanzania, Veladero Mine in Argentina, Lagunas Norte Mine in Peru and the Cowel Mine in Australia. Mr. Threlkeld holds a B.Sc. degree in Geology from the University of Nevada.
About Newmarket Gold Inc.
Newmarket Gold Inc. is a Canadian gold company focused on creating shareholder value through the acquisition of quality gold production opportunities and outstanding development stage assets in mining friendly, politically stable jurisdictions world-wide. The Company was founded by an experienced group of dealmakers, mine developers, financiers and capital markets professionals and is focused on a disciplined approach to asset acquisition and growth.
ON BEHALF OF THE BOARD
Douglas Forster, M.Sc., P.Geo., President and CEO
Neither 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.
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