Bronco Resources Corp. has announced the appointment of Dev Rishy-Maharaj as Chief Executive Officer and Director, effective immediately. Mr. Rishy-Maharaj succeeds Corbin Stewart, who will continue to serve as a Director of the company, providing continuity during this leadership transition.
The new CEO brings 14 years of experience in mining and mineral exploration operations, with work spanning British Columbia, Yukon, and Ontario. His background includes experience at the Highland Valley Copper Mine, as well as leadership at remote greenfield and brownfield exploration projects. He has technical expertise across copper porphyry and gold exploration programs, and a track record of disciplined, results-focused execution.
"I'm excited to lead Bronco at a time when strong gold prices present a compelling opportunity," said Dev Rishy-Maharaj, CEO of Bronco Resources. "The company is well positioned to apply a methodical exploration approach as we advance our flagship Placer Mountain Gold Project."
Bronco Resources is currently focused on its Placer Mountain Gold Project, with an emphasis on disciplined capital deployment and leveraging the current historic strength in gold prices to advance shareholder value. The company has granted an aggregate of 825,000 stock options to directors, officers, and consultants at an exercise price of $0.06 for a period of five years, subject to TSX Venture Exchange approval, in accordance with the company's stock option plan.
The leadership transition comes at a strategic time for the mineral exploration company, which is actively focused on the exploration of the Placer Mountain Gold Project located in Princeton, BC. The project is held by an 88%/12% joint venture with Universal Copper Ltd. For additional information about the company's operations and strategy, visit their official website at https://www.broncoresources.com.
The appointment of Mr. Rishy-Maharaj signals Bronco's commitment to advancing its exploration activities during a period of favorable market conditions for gold. His extensive experience in both operational mining and exploration leadership positions the company to execute its strategy effectively. The continued involvement of Mr. Stewart as a director ensures institutional knowledge remains accessible as the company enters its next phase of growth.
This leadership change represents a significant development for Bronco Resources as it seeks to maximize the potential of its primary asset while navigating the opportunities presented by current market dynamics in the precious metals sector. The company's disciplined approach to capital deployment and exploration methodology, combined with experienced leadership, positions it to potentially create value for shareholders through systematic advancement of its gold exploration projects.
