THEMAC Resources Announces Appointments
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/12/12 -- THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX VENTURE: MAC) today announced the appointment of Mr. Jeff Lowe as Chief Financial Officer of the Company, and of Mr. Raymond Irwin as its Vice-President of Exploration.
Mr. Lowe, a Certified General Accountant, as well as holding an MBA from the Rotman School of Management, University of Toronto, has a diverse financial background and brings considerable experience with public companies across multiple industries, including mining exploration, development and production. Most recently, Mr. Lowe was Chief Financial Officer with Royal Coal Corp. Prior to that, Mr. Lowe was Corporate Director and Chief Financial Officer with the Homeland Energy Group.
Mr. Lowe replaces Mr. Steve Vanry in the role of CFO. The Company thanks Mr. Vanry for his contributions during the past year.
Mr. Irwin's responsibilities will focus on THEMAC's exploration activities. Mr. Irwin, P.Geo., has over 35 years of experience in exploration, mine development and mining operations. In previous employment with international exploration and mining companies, he held senior positions from Chief Geologist to Vice President of Exploration. Most recently, Mr. Irwin was with Starfield Resources Inc.
"I am pleased to have Ray and Jeff join the Company as key members of the executive management team," said Andre Douchane, President and Chief Executive Officer. "Their extensive experience will be a great asset to THEMAC."
In connection with the appointments, each of Messrs. Lowe and Irwin will receive 300,000 stock options, exercisable for five years at a price of $0.65 per share. The grant is subject to regulatory approval.
About the Copper Flat Project
Copper Flat is a former producing mine located approximately 20 miles southwest of Truth or Consequences in Sierra County, State of New Mexico, USA. Permitting for a return of the project to production is at an advanced stage, and a prefeasibility study is in progress and targeted for completion during first quarter 2012.
The Copper Flat project is a porphyry copper-molybdenum-gold-silver deposit. The deposit has NI 43-101 Indicated Mineral Resources of 107 million short tons grading 0.303% copper and 0.01% molybdenum for 645 million lbs copper and 21.4 million lbs molybdenum, plus Inferred Mineral Resources of 46 million short tons grading 0.24% copper and 0.006% molybdenum for 222 million lbs copper and 5.6 million lbs molybdenum.
The gold and silver content of the deposit is evidenced by historic production and metallurgical test work, and gold and silver are targeted for incorporation into the deposit's NI 43-101 Mineral Resource statement following completion and interpretation of a re-assay program using historic drill pulps.
An NI 43-101 Preliminary Economic Assessment ("PEA") dated June 30, 2010 and updated February 25, 2011 has been completed for Copper Flat and can be viewed on SEDAR.
Civil infrastructure in place at Copper Flat includes a tailings dam, largely pre-stripped open pit, power lines, water well field and pipeline, access roads, diversion channels and building foundations. The project land package comprises in excess of 1,200 hectares. For more information visit .
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 135,648,241).
Technical information in this news release has been approved by Mr. Ray Irwin, BSc, P.Geo., a Qualified Person in accordance with National Instrument 43-101.
For more information please visit or review the Company's filings on SEDAR ().
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.
Contacts:
THEMAC Resources Group Limited
Andre J. Douchane
President & Chief Executive Officer
(+1) 416 671 8089 or (+1) 520 850 7529
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2012 - 23:16 Uhr
Sprache: Deutsch
News-ID 103848
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 237 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"THEMAC Resources Announces Appointments"
steht unter der journalistisch-redaktionellen Verantwortung von
THEMAC Resources Group Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
