by Greg Klein | Updated July 15, 2015
Two recent appointments complement the world’s first publicly traded jade exploration company, Electra Stone TSXV:ELT announced. Neil Froc joins the company as exploration and land acquisition manager while David Zhang becomes a director.
Froc has served as executive VP and officer of Hard Creek Nickel TSXV:HNC, where he oversaw technical and socio-economic development of the Turnagain nickel project in northern British Columbia.
Zhang holds a master’s degree in money and banking from Zhongnan University in China and has 20 years’ experience in China’s financial and banking sector. As manager of Metath Investment Company, he heads the fund’s Canadian operations.
Electra president John Costigan noted Froc’s experience developing projects in northern B.C. and Zhang’s background in North American and Asian markets.
The company began exploration on its B.C. nephrite jade properties late last month, with work initially focusing on the recently acquired Polar placer jade project, about a kilometre from the Polar Jade mine, one of Canada’s most important jade operations. Funding comes from an oversubscribed private placement of $997,344 that Electra closed June 29.
The company also mines chalky geyserite, or aluminum silica, from the Apple Bay quarry on Vancouver Island.