New Hana Appoints New Chief Financial Officer
2011年5月5日 - 10:00PM
Marketwired
New Hana Copper Mining Ltd., ("HML" or the "Company") (TSX VENTURE:
HML) is pleased to announce the appointment of Mr. Paul Taggar as
the new Chief Financial Officer ("CFO") of the Company, effective
as of May 3, 2011. Mr. Matthew ("Matt") Kavanagh, the outgoing CFO,
has resigned to pursue other opportunities.
Mr. Taggar, a member of the Canadian Institute of Chartered
Accountants, joins us from Fronteer Gold Inc. where he spent the
last 5 years as Corporate Controller until the acquisition of
Fronteer Gold by Newmont Mining Corp. (TSX: NMC)(NYSE: NEM) for
Cdn$2.3 billion in April 2011. Prior to Fronteer, Mr. Taggar worked
as a manager for KPMG, LLP in their Vancouver and Silicon Valley
offices in the audit assurance department. Mr. Taggar is a
Chartered Accountant and has a BBA from Simon Fraser
University.
Activities Update:
The following exploration activities are ongoing to fulfill the
goal of the discovery of copper-silver mineralization at the Kuke
Project:
-- A total of 11,000 soil samples from the Kuke Project have been submitted
to the laboratory for analysis. An additional 2,000 samples are expected
to be submitted before the end of May. The results from the samples will
help delineate targets for drilling.
-- To date eight drill targets have been delineated by the soil
geochemistry results.
-- Reverse circulation drilling is expected to commence in early June at
Block 2 which is located at the southwest block of the Kuke Project. The
initial drilling results are expected to be available in Q3 2011.
-- Please visit the Company's website at www.newhanamining.com for
additional details on the Company and the Kuke Project.
New Hana Copper Mining's President and CEO, Mr. Marek Kreczmer,
commented as follows:
"I am personally very pleased to welcome Paul to the New Hana
team. I believe that Paul's experience at Fronteer, which during
his tenure saw its market capitalization increased from Cdn$300
million to over Cdn$2.23 billion at the time of its acquisition by
Newmont, will be invaluable to New Hana which is a rapidly growing
company.
I would also like to thank Matt Kavanagh for his contributions
in the CFO role over the last year. We wish Matt every success in
his other ongoing corporate endeavors."
About New Hana Copper's Kuke Copper-Silver Project in
Botswana:
The exploration-stage Kuke Project is located in the center of
the Kalahari Copper Belt in northwestern Botswana. The Kuke
property covers 10,654 square kilometres and is adjacent and along
strike to Hana Mining Ltd.'s ("Hana") Ghanzi Copper Silver Project.
On April 21, 2010, Hana released the results of its NI 43-101
compliant resource estimate for the Ghanzi Project, announcing an
inferred mineral resource of 3.9 billion pounds of copper and 62.1
million ounces of silver from 177 million tonnes.
The project will benefit from proposed rail and power
infrastructure expansions, along with proximity to local population
centers and workforce. A feasibility study is currently underway
(funded by the World Bank and the Governments of Botswana and
Namibia) to support completion of a rail line link that would
connect Botswana with the Namibian port of Walvis Bay, on the
Atlantic coast. The closest existing railhead to port is at
Gobabis, in Namibia, approximately 550 km from our property.
Construction has begun on the 600MW expansion of the
government-owned Moropule Power Plant, having secured US$825
million project funding in May 2010. The Kuke Copper- Silver
Project is currently accessed by the paved Trans-Kalahari highway,
which passes within 5 km of the property.
Statements in this press release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, may include
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in resource exploration and development. As
a result, actual results may vary materially from those described
in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: New Hana Copper Mining Ltd. Investor Relations (604)
682-4262 (778) 370-0146 (FAX) info@newhanamining.com
www.newhanamining.com
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