VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2012) - JetGold Corp. (TSX VENTURE:JAU) (the "Company") announced today that Mr. Tyrone Docherty has been appointed to the Board of Directors. Mr. Docherty brings over 25 years of mining industry, resource management and successful finance experience to the Company.
In 1997 Mr. Docherty became President and CEO for Quinto Mining Corporation which was actively involved with numerous resource properties in Quebec. Quinto's flagship properties Peppler Lake/Lamêlée iron ore and Lac Guéret graphite attracted the attention of Consolidated Thompson Iron Mines who were looking to impact the iron ore industry in Quebec. Consolidated Thompson purchased Quinto for approximately $175 million in 2008.
Following the 2008 sale of Quinto, Mr. Docherty became President, CEO and a Director of Deer Horn Metals. In this capacity Mr. Docherty was responsible for day-to-day management of the company's affairs including administration and investor communications. Most recently, Mr. Docherty became the Chairman of the Board and Director of Mason Graphite which owns a 100% interest in the Lac Gueret graphite property located in the Cote-Nord-Nouveau-Quebec region in northeastern Quebec. On July 16, 2012 Mason Graphite entered into an amalgamation agreement with POCML 1 Inc. ("POCML1") (LMP.P) and subsequently on August 12, 2012 completed a $5 million financing.
In announcing the appointment, Brad Moynes, Jet Gold President stated, "Mr. Docherty's success and experience in the identification, evaluation, acquisition and financing of mineral resources projects in North America will be an extremely valuable asset to Jet as the Company works to continually build shareholder value."
Concurrent with Mr. Docherty's appointment, the Company also announced the resignation of Mr. Robin Lecky from the board of directors effective Aug 16, 2012. The Company thanks Mr. Lecky for his services and wishes him success in his future endeavors.
On behalf of the Board of Directors,
Jet Gold Corp. (TSX VENTURE:JAU)
Brad J. Moynes, President & CEO