Continental Announces Additions to Team to Advance the Xietongmen Project
28 1월 2008 - 11:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KMK)(OTCBB: KMKCF)
announces changes to its management and technical team in
preparation to move the Xietongmen Project from the exploration to
development phase.
Gerald Panneton will take on a more strategic/advisory role on
the Company's Board of Directors. Mr. Panneton will be providing
his technical support to advance the Xietongmen Project through its
last phase of permitting as well as strategic development related
to the Company. He will step aside from directing day-to-day
operations and from the position of President and CEO effective
January 31, 2008.
David Copeland, P.Eng., has been appointed President and CEO and
will lead the new engineering and development team. Mr. Copeland is
a geological engineer with thirty years experience in advancing
mineral projects through feasibility, permitting, engineering
design phases and initial development. Recent projects include the
original feasibility and permitting on the South Kemess mine, in
central British Columbia; pre-feasibility and permitting on the
Hollister development project, Nevada; and feasibility and
permitting of the Burnstone gold project, South Africa; and acting
as a senior advisor on the Gibraltar mine acquisition and restart
team. He is a Director of the Company.
Steve Cleary, P.Eng., has been appointed Senior Project Manager
for Xietongmen. A mechanical engineer with over 35 years of
engineering and project management experience, Mr. Cleary has been
responsible for feasibility studies and engineering procurement and
construction management proposals for numerous multi-million dollar
Greenfield and mine expansion projects as an independent
consultant, and as part of engineering teams at AMEC and Placer
Dome.
Frank Yu, P.Eng., is the Senior Project Development Manager for
Xietongmen. A metallurgical engineer, Mr. Yu's 37 years of
experience encompasses a full spectrum of process plant development
activities from initial testwork, basic and detailed design,
planning and management of construction, to commissioning and
operation. His most recent work has taken place in Central America,
northern Canada, Africa and northern Asia.
In addition to the changes to the technical team, Marchand
Snyman has been appointed as Chief Financial Officer and will be
appointed as a Director of Continental. A Chartered Accountant with
over 14 years of experience, Mr. Snyman was a director of Muratie
Investments Pty Limited between 2003 and 2006, an Australian mining
consultancy providing advisory services to businesses in Australia,
China, South Africa and the USA. Mr. Snyman was General Manager
Corporate Finance and Development for Anglo Platinum Limited, the
world's premier platinum producer, from 1999-2002, responsible for
managing diverse projects including joint venture negotiations,
corporate tax structures and offshore corporate operations, having
joined Anglo Platinum in 1996 as Corporate Finance Manager. Prior
to that, he was a senior financial advisor for a multi-modal
transportation company in South Africa. He has been Vice President,
Corporate Development for Hunter Dickinson Inc. since 2006.
Mr. Snyman will replace Jeffrey Mason, who is retiring from the
Board of Directors and the position of Chief Financial Officer of
the Company, effective February 8, 2008.
Co-Chairman Ron Thiessen stated, "Continental has made
outstanding accomplishments since 2005. Gerald Panneton has led the
Continental team for the last two years, achieving corporate
objectives including the completion of a positive feasibility study
in 2007 on the Xietongmen deposit. I would like to thank him for
his strong leadership during this period.
I would also like to sincerely acknowledge Jeffrey Mason for the
strategic, financial and administrative expertise that he has
provided to the Company over a decade. His efforts greatly added to
the development of the Company to its current status, including the
acquisition of Xietongmen Property and the successful merger with
Great China Mining in 2006."
The Xietongmen porphyry copper-gold deposit was discovered by
drilling in 2005. A comprehensive program commenced in 2006,
designed to collect the data necessary for the completion of a
positive feasibility study (announced in August 2007), social and
environmental impact assessments and reports required by the
Chinese government to apply for a mining license. Work has been
done by internationally recognized consultants consistent with
international standards and certified Chinese design institutes
working in accordance with Chinese rules and regulations.
Continental is now completing the final report prior to making
application for its mining license. As a result, the Company is
establishing its in-house team to take the Project through the next
steps of basic and detailed design engineering, procurement and
construction management once a mining license has been secured. In
the next few months, additional people with a variety of
professional skill sets will be added to the development team.
For additional details on Continental, please visit
www.continentalminerals.com or contact Investor Services at (604)
684-6365 or within North America at 1-800-667-2114.
Ronald W. Thiessen, Co-Chairman
Forward Looking and other Cautionary Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that Continental expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, changes in and the effect of government
policies with respect to mining and natural resource exploration
and exploitation and continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should
review the Company's annual Form 20-F filing with the United States
Securities and Exchange Commission at www.sec.gov and its home
jurisdiction filings that are available at www.sedar.com.
No regulatory authority has approved or disapproved the
information contained in this news release.
Contacts: Continental Minerals Corporation Shawn Wallace
Investor Services (604) 684-6365 or North America Toll Free:
1-800-667-2114 (604) 684-8092 (FAX) Website:
www.continentalminerals.com
Continental Minerals Corp (TSXV:KMK)
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