Iberian Minerals Hires Project Manager For Sotiel Mine
07 7월 2011 - 11:02PM
Marketwired
Iberian Minerals Corp. (TSX VENTURE: IZN) today announced the
hiring of Guy Lauzier as Project Manager at the Sotiel Mine. Guy
will also be heading up the team responsible for the expansion of
the processing plant at Aguas Tenidas.
The Company has engaged engineering and construction companies
who will be undertaking a variety of works at both Sotiel and Aguas
Tenidas this summer in anticipation of making a formal decision
regarding production at Sotiel.
The primary focus is de-watering of the existing mine, which
will allow access to the underground. A water treatment plant will
be installed on site in conjunction with the de-watering of Sotiel.
Work has begun in surveying, geology evaluation, and underground
exploration which will be necessary to validate historical
resources to 43-101 compliant standard, as previously reported on
May 5th.
Outside contractors will be undertaking survey work for roads
and potential ramp locations. Regional and structural geology are
also being compiled to aid in interpretation of the Sotiel
deposits.
"Adding Guy Lauzier to the team is an important first step in
bringing the Sotiel Mine to a production decision. There is much
work to be done this summer, and we are confident that Guy will
effectively lead the teams at both Sotiel and Aguas Tenidas." said
Daniel Vanin, President and Chief Executive Officer of Iberian.
Guy Lauzier, an engineer with over thirty years in a background
in mine and plant construction, has been involved in several
projects in Southern Europe.
For further information, please contact the Investor Relations
Department, or visit our website, www.iberianminerals.com.
About Iberian Minerals Corp.
Iberian Minerals Corp. is a Canadian listed global base metals
company with interests in Spain and Peru. The Condestable Mine,
located in Peru approximately 90 km south of Lima operates at 2.2
million tonnes per year producing copper, and associated silver and
gold in a concentrate. The Aguas Tenidas Mine is in the Andalucia
region of Spain approximately 110 km north-west of Seville and
operates a 2.2 million tonnes per year underground mine and
concentrator that produces copper, zinc and lead concentrates that
also contain gold and silver.
FORWARD LOOKING STATEMENTS:
This news release contains certain "forward-looking statements"
and "forward-looking information" under applicable securities laws.
Except for statements of historical fact, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", and other similar words, or statements
that certain events or conditions "may" or "will" occur. Forward
looking information may include, but is not limited to, statements
with respect to the future financial or operating performances of
the Corporation, its subsidiaries and their respective projects,
the timing and amount of estimated future production, estimated
costs of future production, capital, operating and exploration
expenditures, the future price of copper, gold and zinc, the
estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the costs and timing of future
exploration, requirements for additional capital, government
regulation of exploration, development and mining operations,
environmental risks, reclamation and rehabilitation expenses, title
disputes or claims, and limitations of insurance coverage.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are based on
a number of assumptions ad subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Many of these assumptions are based on
factors and events that are not within the control of the
Corporation and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially
from results anticipated by such forward-looking statements include
changes in market conditions and other risk factors discussed or
referred to in the section entitled "Risk Factors" in the
Corporation's annual information form dated March 29, 2010.
Although the Corporation has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be anticipated, estimated or intended. There can
be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The
Corporation undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements.
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: Iberian Minerals Corp. Laura Sandilands Investor
Relations and Corporate Communications 416-815-8558
www.iberianminerals.com
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