Deep-South Resources appoints Roy as Director and Monette resigns from the Board of Directors
Vancouver, B.C., Canada – May 22, 2018 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSX-V: DSM) announces the appointment of Jean-Luc Roy as Director and the resignation of Hugo Monette from the board of directors.
Mr. Roy has been a major contributor to the development of several important corporations in Africa during the last 30 years working for majors, mid-tiers and junior exploration companies. He brings to Deep-South, as Independent Director, a wealth of experience in all aspects of exploration from generating, negotiating, funding and managing projects, to corporate, community and governmental relations.
Mr. Roy extensive exploration and mining company experience includes:
- First Quantum Minerals Ltd : Managing Director in Democratic Republic of Congo;
- El Nino Venture Inc : President & CEO, mainly focusing on Democratic Republic of Congo project acquisitions financing and management;
- Ampella Mining Ltd (division of Centamin PLC) : Chief Operating Officer, supervising exploration and development of the projects in West Africa;
- Resolute Mining Ltd : General Manager, Supervising all operations in Mali.
Mr. Roy is presently a Director for Can Alaska Uranium (TSX :CVV) where he has served as Audit Comittee Chairman and also on the Compensation and Corporate Governance Comittees.
The Board of Directors and Management would like to thank Mr. Monette for his dedication and contribution to the Corporation development.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd, which holds about 35% of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyries in Africa. Deep-South’s growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in politically stable countries.
More information is available by contacting Pierre Léveillé, President & CEO at
+1-819-340-0140 or at: email@example.com or
Paradox Public Relations at +1-514-341-0408.
This press release contains certain "forward-looking statements," as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the 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.
Deep-South discloses a NI 43-101 Indicated Resource of 457 mt @ 0.31% CU and an Inferred Resource of 342 mt @ 0.29% CU and mets is near to completing a Preliminary Economic Assessment (PEA) on Haib Copper in Namibia.