Wednesday, September 22, 2004 SOUTH American focused explorer Andean Resources appointed two non executive directors, both formerly of Equatorial Mining and with extensive experience in the Latin area, as it continues to explore its Cerro Negro gold project in southern Argentina.
Andean chairman Warren Gilmour said the appointments would bring a wealth of technical, managerial, corporate and South American operating experience to the board at a pivotal point in the company's development.
The company acquired its 100% owned Cerro Negro gold project in Argentina from MIM/Xstrata in January. It has a resource of 6 million tonnes at 3.2 grams per tonne gold for 620,000 ounces of gold.
Thomas was the managing director of Equatorial Mining and has held a number of executive positions including executive director and exploration director with Niugini Mining.
He was credited with discovering the Lihir project and was involved in all aspects of the commercial development for the project.
Hume has more than 30 years of experience in corporate development and equity raising for a wide variety of resource projects.
He was a former strategic consultant to private capital group AMP Limited where he spent more than six months in Chile developing the company's exposure to the Latin American market.
Hume served as a non-executive director on the board of Equatorial Mining to manager AMP's investment in the company.
Both Thomas and Hume were responsible for the joint venture negotiations, equity raising, debt financing and ultimate development of Equatorial's 39% participation in the Ei Tesoro copper project in Chile.
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Epithermal quartz veins within the Vein zone at Kanowna's Cerro Negro project, Argentina.
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