"has initially appointed two industry expertsGolden Eagle Appoints Technical Advisory Board
Feb 5, 2008 9:00:00 AM
View Additional ProfilesSALT LAKE CITY, UT -- (MARKET WIRE) -- 02/05/08 -- Golden Eagle International, Inc. (OTCBB: MYNG) announced today that its board of directors has formed a Technical Advisory Board ("TAB") and has initially appointed two industry experts to help guide current efforts regarding the final in-fill drilling on the Buen Futuro A Zone gold and copper project, the C Zone gold mill coming on-line and the Gold Bar mill development.
The board has appointed George Petker, 57, VP of Business Development for Vezer Precision Industrial Constructors, a capital and maintenance service provider for the mining and basic materials industry. He is the former managing director or project manager on a number of heavy industrial and mining construction projects around the world, including North America, Asia, Australia and Turkey. Mr. Petker has worked with Golden Eagle in the past evaluating a variety of potential projects involving the Company's Gold Bar mill located in Eureka, Nevada.
The board has also appointed Blane W. Wilson, 45, who has 23 years of experience managing milling and processing operations in the mining industry, and is currently serving as the Process Manager for Queenstake Resources' Jerritt Canyon gold mine north of Elko, Nevada. The Jerritt Canyon milling operation has produced more than 8 million troy ounces of gold since 1981. Mr. Wilson is responsible for a $33 million annual budget and manages a workforce of 154 personnel. He has also advised Golden Eagle in the past on various potential projects involving the Company's Gold Bar mill.
"Golden Eagle has benefited a great deal from George and Blane's experience over the past several months while considering the ways to add value to the Company through the best use of the Gold Bar mill during the current gold rush in central Nevada," stated Terry Turner, Golden Eagle's CEO. "Now, in addition to using their ongoing input on our Gold Bar mill project, we want to use that same extensive experience and expertise to bring the C Zone into production, maximize that production to take advantage of current gold prices and finalize our in-fill drilling and resource expansion on the A Zone so we can move that project forward."
Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices also in Santa Cruz, Bolivia. The Company is concentrating its efforts on expanding its pilot operations into production operations on its gold project on the C Zone within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. The Company is also continuing the development of its Buen Futuro A Zone gold and copper project. In addition, Golden Eagle is working with industry consultants regarding the potential expansion of its operations through maximizing the potential of, or selling to third parties and reinvesting the proceeds from, its Gold Bar 3,500 to 4,500 tpd CIP mill located in Eureka, Nevada.
The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com.
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