Peru Copper announces appointment of Vice-President of Development
05 Juni 2006 - 10:06PM
PR Newswire (US)
VANCOUVER, June 5 /PRNewswire-FirstCall/ -- Peru Copper Inc.
(TSX:PCR / AMEX:CUP / BVL:CUP) ("Peru Copper" or the "Company") is
pleased to announce the appointment of Mr. Thomas G. White as
Vice-President of Development. Mr. White will be responsible for
all technical studies related to the Company's Toromocho Project in
Peru including a full feasibility study. J. David Lowell, the
Company's Chairman, said "Tom White brings extensive project
development experience to the Company which will be extremely
valuable as we continue to fast-track the Toromocho Project. We are
very fortunate to have him on-board." Mr. White brings to the
Company a wealth of senior project management experience in a
number of different countries and is a crucial addition to the Peru
Copper team. Mr. White was previously Vice President of Operations
for MK Resources Company ("MK") and Manager of Corporate
Engineering for Homestake Mining Company ("Homestake"), in addition
to serving in other capacities at those companies and at Placer
Development Ltd. ("Placer") and Asarco Incorporated. At MK, Mr.
White was responsible for feasibility studies and basic engineering
of the Las Cruces open pit mine in Spain and the 150,000 oz/yr
Jerooy open pit and underground gold mine in Kyrgyzstan. At
Homestake, he managed the construction and start-up of the Golden
Bear open pit and underground gold mine in British Columbia and
managed uranium mines and mill operations in New Mexico, Colorado
and Utah. While at Placer, Mr. White managed the Gibraltar
copper/molybdenum mill in British Columbia. Mr. White is a graduate
of the Colorado School of Mines and has served in various
professional organizations including the American Institute of
Mining Engineers, the Mining and Metallurgical Society of America
and the New Mexico Mining Association. He has authored and
published numerous papers. Peru Copper is involved in the
acquisition and exploration of potentially mineable deposits of
copper in Peru. On June 11, 2003, Peru Copper entered into the
Toromocho Option Agreement ("Toromocho Option") with Empresa Minera
del Centro del Peru S.A. ("Centromin"), a Peruvian state-owned
mining company, whereby Centromin granted the Company the option to
acquire its interest in the mining concessions and related assets
of the Toromocho Project. For further information please contact
Patrick De Witt, Director of Investor Relations at (604) 689-0234
or . Cautionary Note to U.S. Investors-The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms in this press release, such as "mineral deposit",
that the SEC guidelines strictly prohibit U.S. registered companies
from including in their filings with the SEC. U.S. Investors are
urged to consider closely the disclosure in our Form F-1
Registration Statement, File No. 333-121527, which may be secured
from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml. CAUTIONARY NOTE REGARDING FORWARD
LOOKING-STATEMENTS This news release contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Forward-looking statements include, but are
not limited to, statements with respect to the future price of
copper and molybdenum, the timing of exploration activities, the
mine life of the Toromocho Project, the economic viability and
estimated internal rate of return of the Toromocho Project, the
estimation of mineral reserves and mineral resources, the results
of drilling, estimated future capital and operating costs, future
stripping ratios, projected mineral recovery rates and Peru
Copper's commitment to, and plans for developing, the Toromocho
Project. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"can", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Peru Copper to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: risks related to the exploration and potential
development of the Toromocho Project, risks related to
international operations, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of
copper, silver, molybdenum and gold, as well as those factors
discussed in the section entitled "Risk Factors" in the Form F-1 as
on file with the Securities and Exchange Commission in Washington,
D.C. and in the section entitled "Narrative Description of the
Business -- Risks of the Business" in the Annual Information Form
of the Company dated March 24, 2005. Although Peru Copper has
attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Peru Copper
does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws. DATASOURCE: Peru Copper Inc. CONTACT:
Patrick De Witt, Director of Investor Relations at (604) 689-0234
or .
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