Hansuld resigned as President of Vancouver-based Canamax in March after start up problems were reported at the Ketza River gold mine at Ross River, YT.
Hansuld was unavailable for comment when The Northern Miner attempted to reach him at Spirit Lake’s Toronto offices. But according to a Spirit Lake shareholder, Hansuld spent his first week in his new role by visiting the company’s Jacobson Twp. gold property east of Wawa, Ont.
Located beside Canamax’s Kremzar gold mine, the Jacobson property encompasses the old Edwards mine which produced 8,000 tons of grade 0.14 oz to 0.2 oz gold per ton during the 1930s.
After an extensive drilling campaign which yielded a number of encouraging results (including 25.7 ft of grade 0.54 oz gold), Spirit Lake has been evaluating the property’s potential.
News of Hansuld’s appointment caused the Spirit Lake share price to jump to about $1.65 on the Montreal Exchange from $1.20. Former Spirit Lake President Everett Fagg has vacated his position to make way for Hansuld, but will remain a director of the company.
Director William Chymyck has been appointed Spirit Lake’s vice- president and treasurer.
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