Raindrop Ventures appoints Kunz as president and CEO Raindrop Ventures appoints Kunz as president and CEO
2021-02-01 10:38 ET - News Release
Mr. Alexander Kunz reports
RAINDROP VENTURES INC. ANNOUNCES KEY EXECUTIVE MANAGEMENT CHANGES AND GRANT OF STOCK OPTIONS
Raindrop Ventures Inc. has appointed Alexander Kunz as president and chief executive officer of the company, replacing Saf Dhillon who will continue as corporate secretary. Both Mr. Kunz and Mr. Dhillon remain members of the company's board of directors. The company is also pleased to announce that G. Peter Parsley has been appointed vice-president of exploration.
Mr. Kunz is a founding member of and has worked over six years for Daniel Kunz & Associates, LLC, a consulting firm specializing in natural resource development. From 2013 through 2018, Mr. Kunz was director, VP and chief financial officer for Gold Torrent Inc., an OTC-listed development company whose Alaskan assets were sold to a project lender in 2018. Mr. Kunz previously practiced law in Boise, Idaho, and worked in Washington D.C. for the United States Department of the Treasury. He served as associate legal counsel to Kenai Resources Ltd., a gold exploration company with properties in Brazil, Oregon, Idaho and Venezuela, and worked on exploration and development projects in Alaska, Bolivia, Peru and Mexico. Mr. Kunz has a bachelor of science degree in biology from Seattle University, a master of science degree in management and a juris doctorate from Creighton University.
Mr. Parsley is a professional geologist with over 32 years of experience in the mineral exploration business as both an exploration geologist and a mining executive. Mr. Parsley has been an associate at Daniel Kunz & Associates since 2015 and prior to that served as VP of exploration for Thunder Mountain Gold. In the mid-2000s Mr. Parsley served as chief executive officer of TSX Venture Exchange-listed Triumph Gold Corp. and led the company through evaluation, drilling and initial economic assessment of the Guarichie gold deposit in Venezuela and conducted gold and silver project evaluations throughout South America. In the 1990s, Mr. Parsley led a USMX Inc. team that conducted about $6-million (U.S.) of exploration work in the Thunder Mountain district in Idaho and was responsible for property evaluations in the western United States and the Illinois Creek gold project in Alaska. Prior to working for USMX, Mr. Parsley worked for Tenneco Minerals as chief geologist responsible for regional exploration programs and mine development in the Goldstrike district in southwestern Utah and conducted regional reconnaissance programs in Nevada. Mr. Parsley holds bachelor of science and master of science degrees in geology from the University of Idaho.
Raindrop also announces that, pursuant to its stock option plan, it has granted stock options to certain directors, management and consultants to purchase an aggregate of 600,000 common shares of the company at an exercise price of 20 cents per share for a period of five years from the grant date. The options will vest one-third immediately as of the date of grant; one-third six months after the date of the grant; and one-third 12 months after the date of the grant. This stock option grant is subject to acceptance by Canadian Securities Exchange.
Mr. Parsley, PGeo in Idaho, is the qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the technical content of this news release.
About Clover Mountain
Clover Mountain is located on BLM land 60 miles southeast of Boise, Idaho, and consists of 43 unpatented claims totalling 350 hectares. The company believes Clover Mtn lies within the Jarbidge trend which includes projects such as Integra Resources' Delamar, Florida Mountain and War Eagle gold-silver properties in Idaho and the Jerritt Canyon Gold LLC's gold mine in Nevada, where over eight million ounces of gold were produced since 1981. Clover Mtn has previously returned highlight rock chip samples of 1.99 grams per tonne gold, 19.95 g/t silver, 1.25 per cent copper and 1.54 per cent zinc and soils gold values ranging from 0.02 g/t to 0.78 g/t and silver values ranging from 0.02 g/t to 1.19 g/t.
About Anchor
Anchor is a Carlin-type, sedimentary rock-hosted gold target associated with the Devil's Gate -- Chainman/Diamond Peak formation contact at intersection points with west-northwest striking fault zones. The property consists of 54 unpatented federal lode claims at the southern end of the Battle Mountain -- Eureka gold trend, 11 kilometres northwest of the four-million-ounce Ruby Hill gold deposit and is centred on a 600 by 500 metre gold-arsenic-antimony rock and soil geochemical anomaly in Upper Plate Ordovician vinini formation siliclastic sedimentary rocks. Historic exploration returned highlight gold grab samples of 1.83 g/t along with 11,000 parts per million arsenic and 1,030 ppm antimony. Historic drilling generally averaged less than 0.01 g/t with several narrow zones with values from 0.5 to nearly one g/t.
About Raindrop Ventures Inc.
Raindrop is a newly formed company that began trading on the CSE on Feb. 3, 2020, and is led by a noted leader in mining and mineral exploration with the express purpose of acquiring and exploring mineral properties in the new resource commodity cycle. Raindrop acquired and is exploring the Clover Mountain property and recently acquired a package of six properties from Liberty Gold that will allow a focus on the Anchor project.
We seek Safe Harbor.