Dorato Announces Management and Board Changes
31 Oktober 2011 - 2:15PM
Marketwired
Dorato Resources Inc. ("Dorato" or the "Company") (TSX
VENTURE:DRI)(OTCQX:DRIFF)(FRANKFURT:DO5) announces management and
Board reorganization. Effectively immediately, Keith J. Henderson
will step down as President, CEO and Director to pursue other
interests. Anton (Tony) J. Drescher, currently a director and
shareholder, has been appointed interim President and CEO. Mr.
Drescher is a Certified Management Accountant, a designation he has
held since 1981. His experience includes; director of International
Tower Hill Mines Ltd., a public mineral exploration and development
company listed on the TSX and NYSE-Amex, (since 1991); director of
Trevali Mining Corporation, a public natural resource company
listed on the TSX (since 2010); president and a director of
Ravencrest Resources Inc., a public company listed on the CNSX
(since 2007); and a director of Corvus Gold Inc., a public natural
resource company listed in TSX (since 2010).
Concurrently, Dr. Mark D. Cruise will resign his position as
Director and will be replaced by Rowland Perkins. Mr. Perkins is
currently the President, CEO and a director of ebackup Inc. (since
2001). He is a graduate of the University of Manitoba (BA,
Economics). Mr. Perkins has also served as a director of USA Video
Interactive Corporation since January 2005, Strikepoint Gold since
2011, Corvus Gold Inc. since 2010 and was a former Director of
International Tower Hill Mines from 2005 to 2010.
John Drobe, Dorato's Vice President Exploration, and an integral
part of the technical team, will continue to oversee and direct
Dorato's exploration strategy.
"We would like to thank both Keith Henderson and Mark Cruise for
their dedication and contribution to Dorato", said Tony Drescher,
President & CEO. "We wish them both well in their future
endeavors". Management will be providing a strategic update to
investors in the next few weeks.
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on
the highly prospective Northern Peru copper-gold
porphyry-epithermal belt. The Company has property rights in two
geographic centres:
-- Cordillera del Condor Asset-- one of the most important gold-bearing
districts in northern Peru since pre-Incan times. Dorato, through a
series of option agreements has the right to wholly acquire an extensive
land package of approximately 1,050-square-kilometres, providing the
Company with the largest land position in the Cordillera del Condor.
-- Cajamarca Region Project-- Dorato has acquired rights on the Deborah
property, which is nestled between several important copper-gold
deposits, including Michiquillay and El Galeno.
The Company focuses on grassroots opportunities in strategically
important locations where prospectivity can be demonstrated by
proximity to existing deposits. The Cordillera del Condor project
represents an exceptional land position and an emergent copper-gold
district, located close to the border with Ecuador. This remote
area of Peru was unexplored until recently, but it is located
within kilometres of recent discoveries like Fruta del Norte and
the Mirador District (both located just across the border in
Ecuador). The Cajamarca region, in contrast, is an established
mining district with excellent infrastructure. The Deborah property
is a foothold for Dorato into an established area with excellent
exploration potential.
On behalf of the board of directors of
DORATO RESOURCES INC.
Anton Drescher, Interim President and CEO
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation. All statements, other than statements of
historical fact, included herein including, without limitation,
statements regarding the anticipated content, commencement and cost
of exploration programs, anticipated exploration program results,
the discovery and delineation of potential mineral
deposits/resources/reserves, business and financing plans and
business trends, are forward-looking statements. Although the
Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to
future events. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be
located, variations in the market price of any mineral products the
Company may produce or plan to produce, the Company's inability to
obtain any necessary permits, consents or authorizations required
for its activities, the Company's inability to produce minerals
from its properties successfully or profitably, to continue its
projected growth, to raise the necessary capital or to be fully
able to implement its business strategies, to obtain the required
supreme decree from Peruvian authorities and other risks and
uncertainties disclosed in the Company's Amended 2010 Annual
Information Form filed with certain securities commissions in
Canada and the Company's 2010 Annual Report on Form 40-F filed with
the United States Securities and Exchange Commission (the "SEC"),
and other information released by the Company and filed with the
appropriate regulatory agencies. All of the Company's Canadian
public disclosure filings may be accessed via www.sedar.com and its
United States public disclosure filings may be accessed via
www.sec.gov.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Dorato Resources Inc. Steve Stakiw Manager - Corporate
Communications (604) 638-5817 Dorato Resources Inc. Michael Pound
Manager - Investor Relations (604) 638-5817 (604) 408-7499
(FAX)info@doratoresources.comwww.doratoresources.com
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