Medoro Resources Announces Appointment of Chief Operating Officer
30 November 2010 - 1:30PM
Marketwired
Medoro Resources Ltd. (TSX: MRS) announced today that Donald East
has been appointed as the Chief Operating Officer of the Company,
effective January 17, 2011. As Medoro's Chief Operating Officer,
Mr. East's primary focus will be on managing the completion of the
pre-feasibility and feasibility engineering studies for the
Company's Marmato Project in Colombia and on bringing the mine at
the Marmato Project into production.
Mr. East started his career as a Partner in the South African
and USA offices of Knight Piesold and has over 35 years of
experience in managing major project studies, mining business
management, civil and geotechnical engineering design, project
management and construction supervision, encompassing industrial
and mining facilities, and infrastructure in the United States,
Southern and West Africa, Australia, Indonesia, Turkey, Russia,
former Soviet States and throughout South America. His design
experience includes civil and geotechnical engineering aspects of
roads, hydro and thermal power plants, dams, ports, tailing storage
facilities, heap leach facilities, process water ponds, slurry and
liquid pipelines, earthworks and general mine infrastructure. In
Peru, Mr. East has held positions as the Project Director for the
studies phase of Gold Field's Cerro Corona copper-gold project, and
as Chief Advisor-Project Studies for Rio Tinto's La Granja sulphide
leach copper project in northern Peru. More recently, he has served
as Development Manager for Anglo American's Michiquillay copper
project, and as Senior Project Manager of Hatch Associates. He has
also served on international technical review panels for tailing,
mine waste and heap leach facilities.
"We are delighted that Mr. East will be joining Medoro. Mr. East
brings to Medoro considerable knowledge and years of experience in
mining project management and is the perfect manager to take
Marmato through development," said Serafino Iacono, the Interim
President and Chief Executive Officer of Medoro.
Medoro Resources is presently focused on developing the Marmato
deposit and has retained SRK Consulting to look at mining options
and a related mineable resource estimate. The Company will continue
to update the market on developments at Marmato.
About Medoro Resources Ltd.
Medoro Resources Ltd. is a gold exploration, development and
mining company with a primary emphasis on Colombia. The company
operates the producing Mineros Nacionales gold mine located in Zona
Baja at Marmato and is conducting an exploration and in-fill
drilling program at its Marmato Project to upgrade and expand its
gold resources there. Medoro also has a 5% interest in the Frontino
Gold Mines with an option to increase its interest to 50%.
Medoro also holds a 100% interest in the Lo Increible 4A and 4B
concessions in Venezuela where it is continuing its efforts to
obtain an exploitation permit to allow development of these gold
properties when circumstances in Venezuela allow. Medoro owns
interests in gold exploration properties in Mali in respect of
which it is seeking possible joint venture partners to further
explore these properties.
Additional information on Medoro Resources Ltd. can be found on
the Company's website at www.medororesources.com and by reviewing
the company's profile on SEDAR at www.sedar.com.
This news release contains "forward-looking information", which
may include, but is not limited to, statements with respect to the
future financial or operating performance of Medoro and its
projects. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Medoro to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements contained
herein are made as of the date of this press release and Medoro
disclaims, other than as required by law, any obligation to update
any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if
management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.
Contacts: Medoro Resources Ltd. Greg DiTomaso (647) 436-2592
www.medororesources.com