NEWS NEWS...new guy onboard...NEWS NEWS...
International Precious Minerals Group Inc. Hires Mining Industry Veteran
Ken Carle Ranch, CO June 28, 2006. International Precious Minerals Group, Inc (IPMG—OTC Pink Sheets) announced today that after an exhaustive executive search, it has hired mining industry veteran, Douglas G. McFarland as its new Vice President of Exploration and Production.
McFarland, a former Chairman of Keynot Mining Inc. and Far West Exploration, Inc. is well known in North American mining circles as an expert in mining techniques for environmentally sensitive areas. He holds a degree in Geology and has extensive training and experience in geochemistry and geophysics. McFarland completed his education at Colorado School of Mines in 1979. He is a Registered Geologist who is also a Certified Engineering Geologist and a Licensed Hydrogeologist.
Mr. McFarland comes to International Precious Minerals Group from the well known consulting firm, McFarland & Associates, Inc. which he has led for the past twenty years. McFarland has negotiated mineral leases with U. S. Borax, Chevron Resources, and AMSELCO Exploration. In a career milestone, he acquired all necessary permits for the first mine to be allowed to operate within any BLM Wilderness Study Area in the United States. The multi-talented McFarland also has an extensive background in leach plant design and construction supervision.
McFarland stated, “I am very pleased to join the IPMG team. I feel I can add much to the overall success of this young company. We share common goals and visions for the precious metals mining industry and I am excited about the projects this company has planned.”
IPMG CEO Brian Robertson commented, “Doug brings so many areas of expertise to the table. We spent close to a year looking for the perfect match to our current team. Doug fits the bill at IPMG. He is everything we were looking for but were having such a difficult time finding.”
Robertson also added, “We all agree the precious metals markets are in a long-term bull market. Strong price trends have created opportunities to develop profitable projects in locations which would otherwise not have been feasible. We are especially interested in a few specific North American properties which require the type of expertise Doug has demonstrated for the close to 30 years he has been part of the mining industry. Now that McFarland is on board, we hope to see our projects move along very fast and efficiently.”
About International Precious Minerals Group Inc. (IPMG)
IPMG is a junior mining company dedicated to the development and production of precious metals deposits in the Far East, Africa and North America.
Led by CEO Brain Robertson, IPMG now has three top geologists who are part of its executive and consulting team. The company is currently in the process of developing several projects identified by IPMG management as economically feasible. Junior miners historically develop and mine properties which contain unhedged reserves and often sell those properties to major miners once it is proven the sites can be profitably mined.
Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the ``safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of IPMG only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company, adequate financing to achieve the new strategic plans, and the unavailability of general financing to complete management's overall plans and objectives. IPMG undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting IPMG, reference is made to IPMG's reports filed from time to time with the Securities and Exchange Commission. ipminerals.com
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