Greg Ferron is stepping down as CEO of Treasury Metals.
The Toronto miner developer of the Goliath open-pit project near Dryden announced Aug. 17 of a planned leadership change following its completion of the Goldlund Gold Project from First Mining Gold.
Ferron will stay on as CEO while the board of directors conducts the search for his replacement. No timetable was given when his successor is expected to be named.
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Studies are underway to integrate the advanced Goldlund property into Treasury's adjoining Goliath mine project as part of a phased development.
Treasury hasn't set a date for the start of mine construction.
The board and chairman Bill Fisher praised Ferron for his work over his two-year stint as CEO and his prior work as vice-president of corporate development.
"The board recognizes with gratitude Greg's leadership and successful delivery of several key company milestones. We also appreciate his establishment of constructive relationships with multiple stakeholders, including equity and debt holders, employees, permitting regulators, public stakeholders and Indigenous communities."
In a statement, Ferron said he's "thrilled" with Treasury's success and will be looking for the next stage of the project's development.
"My objectives over the past several years were to see completion of the federal environmental assessment, and to work closely with our dedicated employees and shareholders, and, ultimately, to consolidate the district creating one of the largest undeveloped gold assets in Canada."
