Flag Resources (1985) Limited Announces Election of Sam Stern, Washington D.C. To The Board of Directors
CALGARY, Jan. 15 /CNW/ - Flag is pleased to announce the election of Sam
Stern to its board of directors.
Sam Stern is a senior partner of the Washington D.C. law firm Hills and
Stern. He is a graduate of Harvard Law School and has taught there and at
Georgetown University Law Center. Sam is an acknowledged expert in
international project finance for infrastructure, natural resource and
industrial projects. He has many years experience in the mining sector,
including serving as lead counsel to Falconbridge for its ferronickel project
in the Dominican Republic and the restructuring of a nickel / cobalt project
in Botswana. He advised Ontario Hydro International on proposed power projects
in China, Peru and the Philippines. He frequently serves as an expert advisor
supplied by the United Nations and other multilateral institutions in advising
developing countries on natural resource legislation and particular projects.
He acts as an arbitrator or counsel in international commercial arbitration.
Sam serves as a director of several publicly or closely held companies,
including Global Energy Investors, Warp Broadband Corp. (China), and Lexsite
(India). Sam's professional experience includes more than 40 countries in all
parts of the world.
Consultant Simon Brooksbank is proceeding with a review of all Flag's
exploration work completed on its 70,000 acre holdings in the Wanapitei
Anomaly, Sudbury, Ontario to develop recommendations on the management of
these holdings, including identifying the most promising targets for ongoing
exploration.
As previously announced, Flag's planned winter exploration program, on
the Wanapitei Anomaly, includes drilling VLF and magnetometer and ground
conductors found in the vicinity of the Jess Lake gold deposit and in the
vicinity of the Cobalt Hill nickel and copper mineralization. The planned
exploration program, in Mackelcan Township, also includes exploration drilling
of the Jess Lake gold deposit, from its present depth extent of 900 feet to
2000 feet. |
