Shear Provides Processing Update and Announces New CFO
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/16/12 -- Shear Diamonds Ltd. (TSX VENTURE: SRM) ("Shear") is providing a processing and operations update and also announces the appointment of a new Chief Financial Officer.
Processing Update
Shear is providing a processing and operations update with respect to the high grade concentrate stockpiles at its Jericho diamond mine:
Appointment of New CFO
Shear also announces the appointment of Greg Powell as its new Chief Financial Officer effective as of August 7, 2012. Mr. Powell will replace Richard Belfer, who is leaving Shear to accept the challenge of a senior financial role for a company in a different industry. Mr. Belfer will be working with Mr. Powell in the coming weeks to ensure a smooth transition.
Greg Powell brings to Shear significant experience in the mining industry. Mr. Powell is a CGA, CFE and ACCA, and has many years of financial experience working for both private and public companies primarily in the resource sector. Mr. Powell has held senior finance positions with Silver Bear Resources and for Olympus Pacific Minerals.
"Over the past year, Richard has played an important role in the transformation of Shear from a purely diamond exploration company into a development, and now, a diamond producing company," said President and CEO Julie Lassonde. "Richard is a first-class professional and we are grateful for his significant contributions" said Ms. Lassonde. "I am delighted that Greg will be joining our senior management team at Shear, where I am confident he will make a valuable contribution to the next phase of our company's growth and development," Ms. Lassonde added. "Greg brings to Shear experience and a dynamic approach that I am sure will prove invaluable."
About Shear Diamonds Ltd.
Shear is a Canadian-based company focused on diamond exploration and development in Canada's North, where it explores established diamond districts and has discovered new ones. Shear currently has a portfolio of eight diamond projects, including three advanced projects with development potential. Shear holds a 100% interest in its recently acquired Jericho diamond mine and surrounding exploration assets, located in the Kitikmeot region of Nunavut.
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:
Shear Diamonds Ltd.
416-479-8728 or 1-866-298-9695
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Datum: 16.07.2012 - 13:09 Uhr
Sprache: Deutsch
News-ID 165453
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Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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