NEWSMandorin Goldfields names Smart as CEO
Mandorin Goldfields Inc (TSX-V:MGD)
Shares Issued 73,991,399
Last Close 3/14/2005 $0.035
Tuesday March 15 2005 - News Release
Mr. Malcolm Stevens reports
MANDORIN: APPOINTMENT OF CHIEF EXECUTIVE OFFICER TO BE INSTRUMENTAL IN ADVANCING COMPANY TO PRODUCER STATUS
Mandorin Goldfields Inc. has released the following:
Appointment of chief executive officer
The board is pleased to report that Errol Smart, ND, NHD, BSc (honours), PrSciNat, will be joining the company from April 1, 2005, in the capacity of chief executive officer, and on the board.
His appointment is instrumental in the company achieving its plans to advance to producer status.
Mr. Smart is experienced in all facets of exploration, development and management of gold mines. In 1997, he was seconded from Anglo American Prospecting to Cluff Mining PLC, where he became a full-time employee in 1998. In 2002, he joined Metallon Gold (an emerging South African mining house), and played a key role in developing and restructuring its Southern African operations in the capacity of group technical director.
He brings to Mandorin an ability to locate, analyze and develop underused gold production projects. In particular, he has demonstrated an ability to optimize mining and extraction methods, and apply industry best practice to fully delineate mineral resources and reserves. He has recently brought into production the Agnes mine in South Africa, where he and his production team successfully adapted and used elements of the GEOCOAT bio-oxidation technology to maximize the recoveries from the refractory orebody.
In addition to establishing Mandorin as a gold producer, he will be employing his refractory ore processing expertise as the company continues its search for suitable production and exploration opportunities in China. He will also be advancing the company's diamond exploration strategy in conjunction with Dr. Stephan Meyer.
Progress with 2005 key milestones
As announced in Stockwatch on Dec. 15, 2004, the board has set a number of key milestones for 2005. Considerable and encouraging progress has been made during the first quarter, and with the appointment of Mr. Smart, it is anticipated that further substantive progress will be made in the following quarters.
The board is very pleased to have attracted mining industry executives of the calibre of Mark Dugmore, director of exploration, and now Mr. Smart. The company welcomes him and will make every effort to ensure the talented team is productively employed in the pursuit of enhanced shareholder value.
© 2005 Canjex Publishing Ltd.
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