Mr. Todd Anthony reports
PACIFICA SILVER APPOINTS STEPHEN REDAK AS VP EXPLORATION
Pacifica Silver Corp. has appointed Stephen Redak as vice-president of exploration. Dr. Steve Weiss, who has served as interim vice-president of exploration, will continue to contribute as a technical adviser, ensuring continuity and continuing technical excellence as the company advances its flagship Claudia silver-gold project in Durango, Mexico.
Mr. Redak is a seasoned exploration geologist with over 20 years of experience specializing in epithermal precious metals systems, with a particular focus on Mexico and the Western United States. He has served as exploration manager for Mexico and Nevada at Hecla Mining Company, where he played a pivotal role in advancing high-grade silver-gold projects, including the San Sebastian epithermal vein system in Durango, Mexico. His expertise encompasses generative exploration, drill target development, resource expansion and the management of large-scale exploration programs in geological settings analogous to Pacifica's flagship Claudia silver-gold project.
"We are thrilled to welcome Stephen to the Pacifica team at this pivotal time," said Todd Anthony, president and chief executive officer of Pacifica Silver. "His proven track record in Mexico's Sierra Madre Occidental, deep understanding of epithermal vein systems and operational experience will be instrumental as we accelerate drilling and advance the Claudia project. We are also grateful that Dr. Weiss will stay on as technical adviser to ensure a seamless transition and ongoing technical rigour as Pacifica Silver moves forward with its aggressive exploration plans."
Mr. Redak holds an MS degree in geology from the Colorado School of Mines and is a certified professional geologist. He is an active member of the Society of Economic Geologists, the Geological Society of Nevada and the American Institute of Professional Geologists.
"I am excited to join Pacifica Silver and contribute to the advancement of the Claudia project," said Mr. Redak. "The project's extensive vein systems and location within one of Mexico's most prolific silver belts present outstanding opportunities. I look forward to working closely with the team to deliver value through targeted exploration and discovery."
In connection with Mr. Redak's appointment, the company has granted him incentive stock options to purchase 800,000 common shares of the company at an exercise price of $1.29 per share, exercisable for a period of five years from the date of grant, in accordance with the terms of the company's stock option plan. The options vest over a period of 24 months, with 25 per cent vesting six months after the date of grant and an additional 25 per cent vesting every six months thereafter. All options are subject to the terms and conditions of the company's equity incentive plan and applicable regulatory approvals.
About Pacifica Silver Corp.
Pacifica Silver is a Canadian resource company led by a proven management team with decades of mining and exploration experience in Mexico. The company is focused on its 100-per-cent-owned Claudia silver-gold project, located in Durango, Mexico. Spanning 11,876 hectares, the project encompasses most of the historic El Papanton mining district, where at least nine small mines operated intermittently during the 20th century. Since 1990, sampling and drilling within have returned high-grade silver and gold intercepts across multiple vein systems, with only 10 per cent of over 30 kilometres of known veins having been drilled. Today, the project is a prime target for modern exploration and holds exceptional potential for new high-grade discoveries.
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