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Prestigious Geologist in Bolivia Appointed to Technical Advisory Board
Golden Eagle also announced today that Michael H. Biste, Ph.D, a prestigious geologist located in Santa Cruz, Bolivia, has been appointed to the Company’s Technical Advisory Board.
Dr. Biste received his B.Sc. degree in Geology in 1973 from the University of Cologne, Cologne, Germany; and his M.Sc. degree in 1975 and Ph.D degree in 1980 in Geology, both from the University of Freie, Berlin, Germany.
Dr. Biste has 27 years of experience in exploration geology, and is currently a senior consultant for Behre Dolbear and Company, Inc., a large Denver-based consulting firm to the minerals industry.
However, Dr. Biste’s focus during the past 12 years is of greatest interest to Golden Eagle. In 1991, Dr. Biste wrote a strategic report on the gold potential of the Precambrian Shield of eastern Bolivia for Newmont Overseas Exploration Ltd. From 1993 through 1995, Dr. Biste supervised the exploration activities of Tanganika A.V.V. (Aruba), located in Santa Cruz, Bolivia, and discovered a new volcanogenic massive sulphide (VMS) zone 200 kilometers north of Santa Cruz in the Guarayos Greenstone Belt, as well as several primary shear zone related gold targets. Dr. Biste continued his exploration work in the Precambrian Shield between 1995 and 1999 under Essex Resource Corp., a Canadian company that purchased Tanganika. He supervised eighteen geologists and 120 auxiliaries in a campaign of drilling, geophysical surveys and chemical assays that resulted in 30,000 samples in three years.
Golden Eagle currently owns 125,000 acres overlaying the Guarayos Greenstone Belt in which Dr. Biste’s work has a great deal of application. Dr. Biste is going to advise Golden Eagle on its ongoing efforts to develop several potential gold opportunities in this important zone, and will provide Golden Eagle with an overall assessment of its holdings in the area.
Dr. Biste joins two other current members of Golden Eagle’s Technical Advisory Board: Donald Hausen, Ph.D, a geologist who is the former Chief Mineralogist of Newmont Mining; and Rick Sandri, Ph.D, a mineral economist that is a former Senior Associate for Behre Dolbear and Company, Inc., as well as a former Vice President for INCO.
"We are extremely happy about the addition of Kevin Pfeffer to our Board of Directors. He brings a great deal of financial expertise to our Board, and tremendous enthusiasm about our Company’s future," said Terry C. Turner, Golden Eagle’s President and CEO. "And while our focus is sharp and continues on the development of our Cangalli gold mine in the Tipuani Gold District of Bolivia, Dr. Biste will contribute his extraordinary insights on Bolivia’s Precambrian Shield to help us delineate the potential for our large landholdings in that area that have given such positive signs of hosting important gold deposits."
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Golden Eagle International, Inc. is a gold exploration and mining company
Located in Salt Lake City, Utah, and La Paz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District, an area estimated to have produced 32 million ounces of gold in its known history, located in Western Bolivia; and continuing exploration on 125,000 acres in Eastern Bolivia’s Precambrian Shield. Golden Eagle is a mining company with a social conscience, having supported many humanitarian programs at its mine site. For the past six years, the Company has provided the only hospital, doctor and nurse in Cangalli, Bolivia. Golden Eagle also has provided for the educational needs of the students in the area, and many welfare needs in the community. The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com.
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