Americore names Justin Hanks as CEO
Americore Resources Corp. [AMCO-TSXV, AMCOF-OTCQB, 5GP-FSE] said it has named Justin Hanks as CEO of the company, effective immediately. He replaces Jeff Poloni, who has resigned as CEO and director. The company said Poloni will continue to support Americore as a technical consultant, providing continuity and technical expertise as the company advances its exploration activities.
Americore shares were unchanged Thursday at 35 cents and trade in a 52-week range of 91 cents and 13.5 cents.
Hanka is an investment and merchant banking professional who has served as a director of a number of companies, including EONX Technologies Inc. [EQNX-CSE], SPARC AI Inc. [SPAI-CSE] and MindBio Therapeutics Corp. [MBIO-CSE]. He currently serves as a director of Americore and will continue in that role.
Americore, which changed its name last year from K9 Gold Corp., is focused on exploration and development of mineral properties in North Americas. Its primary asset is the Trinity Silver Project in Pershing County, Nevada, which covers approximately 14,235 acres of owned and leased land, hosting a historic open-pit, heap-leach silver operation.
U.S. Borax and Chemical and a joint venture partner recovered about 5.0 million ounces of silver from the property in the late 1980s.
The project hosts a historical resource of 36.1 million ounces of silver equivalent and a 782,800-ounce silver stockpile that is ready for processing, subject to additional metallurgical study and economic analysis. The company said the project has a clear path to resource expansion drilling.
On September 16, 2025, Americore said it had entered into an exploration agreement and an option to purchase and sales deal with Newmont USA Ltd, a unit of Newmont Corp. [NEM-NYSE]. regarding the Trinity project. The agreement stated that Newmont would sell, assign, transfer, convey and deliver to all of its rights, title, interest and obligations to both the owned properties and the leased properties. The payment for the purchase was a one-time payment of US$350,000, and the issuance to Newmont of 700,000 common shares of Americore. The agreement is subject to a mineral production royalty at a rate of 2.0% net smelter return. Americore can purchase one half of the royalty for $3.5 million at any time prior to commercial production.
The company said Trinity sits on one of Nevada’s most productive corridors in the same county as Coeur Mining Inc.’s [CDE-NYSE] Rochester mine, which produced 15.4 million ounces of silver in 2025 following a major expansion.
In a recent press release, Americore said an interpretation of a recent hyperspectral study has identified additional targets for potential expansion of the mineralization at the Trinity Silver project. “Newly identified areas, especially to the southeast of the Trinity pit appear to be prime targets,’’ the company said in a press release. “The area to the southeast of the pit appears to coincide with a significant deep anomaly from an historic IP survey.’’
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