Very qualified directorCould this signal interest from Quadra? At the very least, we get a copper expert to help advise on development at Didipio.
OceanaGold announces the appointment of Mr Bill Myckatyn to theBoard of Directors (cnw)
MELBOURNE,Australia, April 22 /CNW/ - Jim Askew, Chairman of OceanaGoldCorporation (ASX: OGC, TSX: OGC, NZX: OGC) (the "Company") is pleased toannounce the appointment of Mr Bill Myckatyn to the Company's Board ofDirectors.
Mr. Askew commented, "Bill brings a wealth ofindustry experience constructing and operating gold and copper mines inthe Americas and the Pacific Rim, including Australia, and most recentlyhas been instrumental in founding, financing and growing Quadra Mininginto a leading intermediate North American copper producer. Bill'sstrong international management and technical background is a timelyaddition to the OceanaGold Board, as the Company consolidates on successin building a sustainable base of NZ gold production and contemplatesthe strategic development options of its gold copper growth asset in thePhilippines."
Mr Myckatyn is a professional mining engineerbased in British Columbia, Canada. He is the non-executive Chairman ofQuadra Mining Ltd., an intermediate copper and gold producer focused inthe Americas and a company he co-founded as CEO in 2002. Since theinitial public offering in April 2004, Quadra has grown to become a 250million pound per year copper producer from three operating mines withtwo additional world-class development projects. Quadra recentlyannounced a merger with FNX Mining to create a $3.5 billion leadingintermediate copper producer, for which he is Vice-Chairman and LeadDirector designate.
Prior to founding Quadra Mining in 2002,Bill held the position of Chief Executive Officer at other mining andmetals companies over a period of nine years including Dayton Mining,Princeton Mining and Gibraltar Mines. Prior to 1993 he worked in anumber of senior mine operating roles in Canada, Australia and thePhilippines, primarily with Placer Dome.
In addition to hisposition with Quadra Mining, Mr Myckatyn also sits on the Board ofDirectors for Canadian based exploration companies: Pacific Rim Mining,First Point Minerals and San Marco Minerals.
Mr Myckatyncommented, "I am very pleased to be joining the OceanaGold Board. TheCompany has done an excellent job to position itself as a significantAustralasian gold producer from a solid foundation in New Zealand. Ilook forward to working with the board and management in building theCompany upward from this production platform."
About OceanaGold
OceanaGold Corporation is asignificant Pacific Rim gold producer with projects located on the SouthIsland of New Zealand and in the Philippines. The Company's assetsencompass New Zealand's largest gold mining operation at the Macraescomplex in Otago which is made up of the Macraes open pit and theFrasers Underground mines. Additionally on the west coast of the SouthIsland, the Company operates the Reefton open-pit mine. OceanaGoldproduces between 270,000 - 300,000 ounces of gold per annum from the NewZealand operations. The Company also owns the Didipio Gold-CopperProject in northern Luzon, Philippines.
OceanaGold is listedon the Toronto, Australian and New Zealand stock exchanges under thesymbol OGC.