Barresi named president of Triumph Gold

Triumph Gold Corp. Oct. 2 announced the retirement of Paul Reynolds, who served as president and CEO of the Yukon-based mineral exploration company for the past five years.

Former Triumph Gold Vice President of Exploration Tony Barresi now serves as president and John Anderson, the executive chairman of the company, will fill in as interim CEO.

Barresi is an economic geologist with fifteen years of base and precious metal exploration experience.

During his three-year tenure as vice president of exploration, Triumph discovered two gold-rich porphyry-related breccia bodies – Blue Sky and WAu – on the company's Freegold Mountain property. Barresi is also credited for identifying and staking Andalusite Peak, a gold-silver-copper property about 40 miles (65 kilometers) north of the Red Chris Mine in northern British Columbia.

In late August, Rio Tinto Exploration Canada Inc. entered into an option agreement to acquire Andalusite Peak from Triumph for C$3 million over five years.

Barresi has also developed and maintained a robust corporate social responsibility program in the Yukon.

Triumph Gold's new president earned a Bachelor of Science degree with honors from Saint Mary's University in 2004 and doctorate from Dalhousie University in 2015. The Prospectors and Developers Association of Canada (PDAC) and the Geological Association of Canada (GAC) awarded Barresi with the Mary-Claire Ward Geoscience Award for his Ph.D. thesis on the interplay between island-arc evolution and mineral deposit formation in British Columbia's Golden Triangle.

"I look forward to forging ahead with Triumph, and continuing to create value for our shareholders through technically driven discovery on our Flagship Freegold Mountain property in Yukon," penned in a post on LinkedIn.

The role of chief executive officer will be filled by Triumph Gold Chairman Anderson on an interim basis.

Anderson, who has more than 25 years of capital market experience specializing in the resource sector, raised more than C$35 million for Triumph Gold before becoming the chairman of the company in 2015 and another C$15 million for the past three exploration years, including a strategic investment from Goldcorp (now Newmont Goldcorp).

Donna Moroney, who has been appointed corporate secretary, rounds out the new Triumph Gold team. Moroney is President of Wiklow Corporate Services and has more than 30 years of experience in regulatory and corporate compliance in both Canada and the United States.

–SHANE LASLEY