Diamond Fields Resources Inc. has appointed John McGloin as a director and chief executive officer, effective Jan. 1, 2022.
Mr. McGloin brings a wealth of experience in the mining and exploration industry to the company. He was the chairman and chief executive officer of Amara Mining as it progressed the Yaoure project in Cote d’Ivoire from discovery through to feasibility study and oversaw a growth in the resource base from 200,000 ounces to over six million oz. Subsequently this project has gone on to be the cornerstone of Perseus Mining’s future growth following its acquisition of Amara Mining.
Mr. McGloin is a geologist and graduate of Camborne School of Mines and spent his early career as a geologist in Southern Africa before working across the continent within the mining industry and subsequently moving into consultancy. He joined Arbuthnot Banking Group following four years at Evolution Securities as their mining analyst. He is also the former head of mining at Collins Stewart. He has served as non-executive director on a number of mining and exploration companies listed in Toronto, New York and London. Mr. McGloin will relinquish all of his current roles except for his non-executive directorships of Perseus Mining Ltd. and Cornish Metals Inc.
Sybrand Van Der Spuy will assume the role of chief operating officer responsible for the logistics, supply chains and security of the company’s projects throughout Africa. Mr. Van Der Spuy oversaw the discussions resulting in the company’s acquisition of Moydow Holdings, which will become the focus of the company’s exploration and development efforts going forward.
Al Gourley, chairman of Diamond Fields, said:
“We are delighted to have John as the new CEO of DFR. John is highly respected in the industry and has a strong track record of creating value through the development of mining projects in Africa. He has the right mix of geological, financial and management skills to lead the development of the highly prospective Labola project in Burkina Faso that DFR is in the process of acquiring.
“I would also like to thank Sybie for his contributions to DFR as CEO and look forward to continuing to work with him in his new role as we enter the next stage in the company’s development.”
Mr. McGloin said,
“I’m excited by the opportunity that DFR represents and have a clear vision for how to incrementally build value through the development of the company’s assets to create a new West African gold explorer.”
The appointment of Mr. McGloin is subject to the approval of the TSX Venture Exchange.
About Diamond Fields Resources Inc.
Diamond Fields is a TSX Venture Exchange-listed exploration and mine development company with assets in Madagascar and Namibia. In Madagascar, Diamond Fields is developing the Beravina project, an advanced high-grade hard rock zircon exploration prospect located in the west of the country, approximately 220 kilometres east of the port of Maintirano and close to a state road. Diamond Fields acquired Beravina from Pala Investments and Austral Resources in 2016. In Namibia, the company owns several offshore diamond mining licences including the ML 111 concession which has a 10-year mining licence, effective until Dec. 4, 2025. In 2018 and early 2019 mining undertaken by a contractor on the company’s ML 111 licence area produced two parcels of rough diamonds totalling 47,318.41 carats.
On Aug. 25, 2021, Diamond Fields announced that it had entered into definitive agreements to acquire privately owned Moydow Holdings Ltd. which holds interests in a number of West African gold exploration projects. Moydow is a privately owned, BVI-registered, West African-focused gold exploration business, which was formed in 2019. At closing Moydow will be controlled by Diamond Fields. Moydow has interests in gold projects in West Africa; Labola in Burkina Faso, Kalaka in Mali, Dagma, Paimasa/Mint and Dext in Nigeria.
