A Colorado Resources press release caught my attention earlier announcing the engagement of Sterling Marketing (Scott Gibson) for investor relations services. While Colorado has been in the news a lot lately for their North Rok discovery, to see the name Scott Gibson was a surprise.

Gibson

Gibson

Gibson, well-known in the junior mining industry as a conference speaker and Kitco TV host, had done well promoting junior resource companies during the 2003-2008 bull market, and retired from the investor relations business in 2008 to focus solely on investing his own money.

Back from retirement?

According to the press release Gibson will be spending his summer initiating a 3 month promotional contract with Colorado. As part of his compensation Gibson will receive stock option awards for 200,000 shares, giving him great exposure to the company if the North Rok property works out, in addition to whatever share position he already owns.

I asked Scott for comment, to which he responded:

“I am very excited about Colorado Resources’ (CXO:TSXV) recent discovery... After over two years of a market downturn, select companies have very attractive valuations coupled with near term potential. While the next three to twelve months may still be a difficult time for most companies, I believe that strong management teams and new discoveries will be successful in today’s markets. Colorado is our singular focus and Sterling is not actively looking for additional clients at this time.”

– Scott F. Gibson, Chairman, Sterling Marketing Corp.

CXO March 2013 to present

Colorado Resources (TSXV:CXO) March 2013 to present (Stockwatch)

For the Colorado Resources backstory download Eric Coffin's interview with CXO CEO Adam Travis (Recommended).