The South African incorporated mining exploration company also indicated that Stewart would step down as CEO as well as executive director with effect from 15 May 2014.
“The board extends its sincere thanks to Stewart for his valuable contribution to the growth and development of the company and wishes him the best of success in his future endeavours,” [DATA GGM:Goliath Gold Mining] said.
The company indicated that Dale Richards has been appointed as CEO and executive director with effect from 16 May 2014.
“Richards’ extensive technical and corporate experience is an excellent match for Goliath Gold’s strategy to expand and diversify the company’s resource portfolio. We welcome Richards and look forward to his involvement in the growth of Goliath Gold,” said Goliath Gold independent non-executive chairman, Piet Nel.
The company currently holds gold prospecting rights and a mining right over several areas in South Africa’s East Rand Basin in the country’s Gauteng province.
It also holds prospecting rights for heavy mineral sands for an area in South Africa’s Western Cape and is currently considering opportunities in other African jurisdictions.