Electrum Corporation Publicizes Outcomes of Yearly Shareholders Meetings and Introduces Michael Williams and John Anderson as New Members of the Board of Directors
Electrum Discovery Corp Announces New Board Members and Preliminary Economic Assessment
Electrum Discovery Corp, a mineral exploration and development company, has announced significant changes in its board of directors and the release of a Preliminary Economic Assessment (PEA) for its Medgold Tlamino Project.
At the Annual General and Special Meeting held on July 24, 2025, Michael Williams and John Anderson were elected as new board members, replacing Eric Rasmussen and R. Michael Jones. Michael Williams, with 29 years of senior executive experience in the mining industry, brings extensive leadership and industry expertise to Electrum's governance. John Anderson, with over 20 years of capital markets experience specializing in the resource sector, joins Electrum with a wealth of knowledge.
The PEA and NI43-101 Technical Report for the Medgold Tlamino Project were released on January 7, 2021. The report, which can be found on SEDAR+ at www.sedarplus.ca, details the project's inferred mineral resource estimate of 670,000oz AuEq. The gold price used for estimations was US$1500/oz, and the silver price was US$16.5/oz.
The gold equivalent (AuEq) grade was calculated using different formulas for High Grade Breccia and Partially Oxidized materials, and for Low Grade Schist. The gold equivalent formula for Low Grade Schist is AuEq = ((Ag g/t) x 0.012)) + (Au g/t). For High Grade Breccia and Partially Oxidized materials, the formula is AuEq = ((Ag g/t) x 0.011)) + (Au g/t).
Electrum Discovery Corp. is an emerging company focused on the prolific Western Tethyan Belt with two main projects in the Republic of Serbia. The company emphasizes sustainability and stakeholder engagement in its early-stage copper-gold mineral projects.
The company would like to express its gratitude to Mr. Rasmussen and Mr. Jones for their valued contributions as directors. Electrum Discovery Corp. disclaims any obligation to update any forward-looking statements, except as required by law. For more information, contact Dr. Elena Clarici, Chief Executive Officer and Director, at +1 604 801 5432, [email protected], or visit electrumdiscovery.com.
It is important to note that the report is preliminary in nature and includes inferred mineral resources. Forward-looking statements are included in this news release, which involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking 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.
The newly elected board members, Michael Williams and John Anderson, bring extensive experience in the mining industry and finance to Electrum Discovery Corp, which is focused on business development in the resource sector. The Preliminary Economic Assessment (PEA) for Electrum's Medgold Tlamino Project, which was released in 2021, details the project's potential in terms of gold and silver resources within the finance sector.
