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Ramón Dávila Added to VanGold Advisory Board

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Former First Majestic COO to Join Team

 

VanGold Mining Corp  (TSX-V:VGLD) is pleased to announce that Ramón Dávila has joined its Advisory Board.

 

From 2004 to 2014 Mr. Davila was Chief Operating Officer and a member of the Board of Directors of First Majestic Silver Corp. Within that 10-year period, he led a team that created five new silver mining operations in Mexico, taking the company from two employees to more than 4000, growing First Majestic’s production profile from zero to over 12 million ounces of silver equivalent production per year. At that time Mr. Davila was in charge of all aspects of First Majestic’s mining and exploration operations, as well as all administrative and financial facets of their Mexican subsidiaries.

 

In September 2016, Mr. Davila was appointed Minister of Economic Development for the State of Durango, Mexico – a post he held until June 2020.

 

Mr. Davila is joining VanGold’s Advisory Board that now consists of mining lawyer and entrepreneur Stuart ‘Tookie’ Angus; public company executive and financier John Budreski; and seasoned exploration geologist Greg Hawkins.

 

Tookie Angus said: “VanGold’s Advisory Board is well utilised by the Company. We are kept well informed of all aspects of the Company’s progress, while advice from advisory board members is heeded and acted on. As a large shareholder, it is a pleasure to watch and to be a part of the Company’s steady continuing advancement.”

 

Mr. Davila’s other distinguished work experience includes long stints in charge of all Mexican operations for both Pan American Silver Corp. and Luismin SA. de CV., as well as 11 years with Industrias Peñoles SA. de CV. where he started his career. His educational credits include graduating from the University of Guanajuato with a degree in Mining and Metallurgical Engineering as well as a Master of Science degree in Mineral Economics from the Colorado School of Mines.

 

VanGold’s Country Manager Gerardo Dorado commented: “I have known Ramon Davila for almost 40 years, since our days studying mine engineering at the University of Guanajuato. Ramon is somewhat unique, as a person combining the skills of a great miner with that of a great businessman. I am confident that his contributions will make all aspects of our company better. We are all very excited to have him as part of our team as we embark on this tremendous phase of growth for the Company through our proposed purchase of the El Cubo assets.”

 

To view a video summary of today’s news release, please click the following link: https://youtu.be/2d7nogYtkOQ.

 

VanGold’s El Pinguico Project:

 

El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. Toward the end of that period it was mined exclusively by The Pinguico Mines Company of New York City, whose shares traded on the Boston and New York Stock Exchanges. The mining was done principally from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother Vein, or ‘Veta Madre’. The Veta Madre is associated with a mega fault that outcrops for 25 kilometres and is the most important source of precious metal mineralization in the region. Current geologic interpretation, based on regional mapping and projections from the Veta Madre developed at adjacent historic mine operations, suggest that the Veta Madre vein system may cross VanGold’s property at depth, underneath the high grade El Pinguico and El Carmen veins. Very limited drilling has been done on the property and no drilling has yet attempted to encounter the Veta Madre at depth. The intersection of these major vein structures are excellent exploration targets and may result in zones of significant size and grades.

 

Hernan Dorado Smith, a director of VanGold and a “qualified person” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

 

About VanGold Mining Corp.

 

VanGold Mining is an exploration and development company engaged in reactivating high-grade past producing silver and gold mines near the city of Guanajuato, Mexico. The Company’s El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. The Company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in delineating silver and gold resources through underground and surface drilling on projects located in this historic mining camp.

 

Posted February 24, 2021

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