Lovitt Board Appoints New Director
08 Dezember 2009 - 7:19PM
Marketwired
The Board of Directors of Lovitt Resources Inc., ("the Company")
(TSX VENTURE: LRC) is pleased to announce that it has elected David
J. Straw to its Board of Directors.
Mr. Straw is a geologist with over 50 years experience in all
phases of mineral exploration, project development, joint ventures,
mine development and production, valuation and finance across most
commodities including gold, silver, tin, tungsten, base metals,
iron ore, mineral sands, uranium and coal. He has wide experience
with companies, including senior management and administration, and
dealing with government departments at all levels. His global
experience includes projects in Canada, Australia, USA, Mexico,
Africa, Europe and South-East Asia. He has held a broad range of
technical, managerial and advisory positions, including key
positions as Chief Geologist Johns Manville Co. Ltd., Vice
President Exploration, Vice President Mineral Development and
Director of Inco Australia and Inco Indonesia, and he was
Operations Manager and General Manager Corporate Development for
Mount Isa Mines (MIM) Limited.
Mr. Straw is currently analyzing the technical data of the
Lovitt Gold Mine, owned 100% by the Company, as well as the data
for the recently acquired Matthews Lease (News Release November 16,
2009) on the Wenatchee Gold Belt. The company expects to announce a
plan of action early in the New Year to develop and define ore
reserves previously based on historical data. The company announced
an underground drilling program for the Lovitt Gold Mine in
September, but with limited resources this program is currently on
hold in order to include the recent Matthews acquisition in the
planning process. Mr. Straw is also evaluating the feasibility of
shipping ore from the I-49 area (News Release September 17, 2009)
for custom milling.
The Lovitt Gold Mine was the 6th largest gold mine in the USA
when it suspended operations in 1967 after producing 420,000 oz of
gold and 600,000 oz of silver. The directly adjoining Cannon Mine
produced 1,200,000 oz of gold and over 1,900,000 oz of silver
between 1984 and 1995. The Matthews lease is on the Wenatchee Gold
Belt about 1.5 miles from the Lovitt Gold Mine.
By Order of the Board of Directors
The TSX Venture Exchange has not reviewed, nor has it accepted
responsibility for the adequacy or accuracy of the contents of this
news release, which was prepared by management of the Company.
Contacts: Lovitt Resources Inc. (509) 668-8170
info@lovittresources.com www.lovittresources.com
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