VANCOUVER, Oct. 1, 2013 /CNW/ - Sunward Resources Ltd. ("Sunward" or the "Company") (TSX: SWD; OTCQX:
SNWRF) is pleased to announce the appointment of Mr. Paul Robertson as its
Chief Financial Officer effective immediately.
Mr. Robertson is a Chartered Accountant who brings to his position
over 19 years of senior industry experience working with a variety of
Canadian public resource companies with operations around the world.
Currently, he is the managing partner of Quantum Advisory Partners LLP,
a professional consultancy firm dedicated to providing financial
reporting, taxation and regulatory advisory services to publicly-listed
companies. Previously, Mr. Robertson held senior financial positions
with a number of Colombia-focused companies. He holds a BA from the
University of Western Ontario (1993) and has a Chartered Accountant
designation from the Institute of Chartered Accountants of British
Columbia (1997).
Sunward wishes to thank Mr. Michael Malana, the outgoing Chief Financial
Officer, for his years of service to the Company.
ABOUT SUNWARD:
Sunward Resources is a Canadian-based company focused on the exploration
and development of the 100%-owned Titiribi Project in Colombia.
Titiribi hosts NI 43 101-compliant Measured and Indicated Resource of
4.63 million ounces of gold contained within 285.8 million tonnes
grading 0.50 grams/tonne and Inferred Resource of 6.01 million ounces
of gold contained within 349.4 million tonnes grading 0.53 grams/tonne.
All Titiribi resources were assessed using a cut-off of 0.3 grams/tonne
gold. Titiribi also hosts 654.4 million pounds of copper in the
Measured & Indicated Mineral Resource and 216.3 million pounds of
copper in the Inferred Resource. For more information, please see the
Company's press release dated September 12, 2013 as published on SEDAR
and on the Company's website, as well as the technical report by Behre
Dolbear & Company (USA), Inc. dated September 9, 2013.
The Titiribi Project is located approximately 70 kilometres southwest of
the city of Medellin, Colombia, in Antioquia department, within the
historical Titiribi mining district (with estimated total production of
1.5 to 2 million ounces gold and gold equivalent). Access to Titiribi
is by a paved highway from Medellin.
Cautionary Statement Regarding Forward Looking Information
This news release contains forward-looking information within the
meaning of Canadian securities legislation. All statements included
herein, other than statements of historical fact, are forward-looking
information. Forward-looking information may include, but is not
limited to, statements with respect to future activities of the
Company; the Company's plans for its mineral properties; the Company's
business strategy, plans and outlook; the merit of the Company's
properties; exploration results; mineral resource estimates; work plans
and timelines; completion of transactions; shareholder value;
projections and targets; the future financial or operating performance
of the Company, its subsidiaries and its projects; operating and
exploration expenditures and costs of future exploration and other
activities; and approvals, permits and licenses. Often, but not always,
forward-looking information can be identified by the use of words such
as "plans", "expects", "is expected", "possible", "budget",
"scheduled", "strategy", "goal", "objective", "potential", "estimates",
"assumes", "forecasts", "intends", "anticipates", or "believes" or
variations (including negative variations) of such words and phrases,
or state that certain actions, events or results "may", "could",
"should", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company and/or its subsidiaries to
be materially different from any results, performance or achievements
expressed or implied by the forward-looking statements. Such
uncertainties and factors include, among others, inherent risks
involved in the exploration of mineral properties; risks associated
with foreign operations; risk relating to title to the Company's
properties; the uncertainties involved in resource estimates and in
interpreting drilling results and other geological data; fluctuations
in currency exchange rates and commodity prices; uncertainties
regarding the issuance of approvals, licenses and permits; risks
related to competition; risks related to the Company's ability to
acquire additional mineral properties; the availability of and costs of
required financing; economic, political and social uncertainties;
accidents and labour disputes; and political instability, insurrection
or war; as well as those factors discussed under "Risk Factors" in the
Company's Annual Information Form. Although the Company has attempted
to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the
assumptions, beliefs, expectations and opinions of management,
including but not limited to that the Company's exploration of its
properties and other activities will be in accordance with the
Company's public statements and stated goals, that there will be no
material adverse change affecting the Company or its properties,
anticipated costs and timing for the Company's activities and such
other assumptions as set out herein. Forward-looking statements are
made as of the date of this news release and the Company disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance
on forward-looking statements.
SOURCE Sunward Resources Ltd.
