Cyprium Mining (CUG-V) July 27, '16 is pleased to announce the appointment of Mr. Jonathan George as a director of the Company.
Mr. George is a consulting geologist and entrepreneur who has been involved in international mineral exploration and development for over 35 years. He has raised more than $60 million for various projects around the world, including Mexico. Mr. George was the President and Co-founder of Creston Moly Corp, which acquired Mexico's largest molybdenum deposit. Creston merged with Mercator Minerals in 2011 in a transaction valued at more than $176 million. Prior to his success with Creston, he was President and CEO of ESO Uranium (predecessor of Alpha Minerals) where he was instrumental in assembling one of the largest land packages in the Athabasca Basin, Saskatchewan; Alpha and its partner Fission Energy made one of the most significant uranium discoveries in recent history on their Patterson Lake South joint venture.
Mr. George commented on his appointment: "Having known Mr. Lambert the Chairman and CEO of Cyprium for some time, I had the opportunity to visit the Potosi mine in late 2015. I have been following the Company's progress ever since. During my visit, I went inside the mine and met with the Cyprium technical team and mining contractors. I was impressed with the assets acquired and the team assembled to bring this historic mine back into production. With the rehabilitation of the Potosi No. 3 shaft complete, the start of production and the decision to deliver a 43-101 resource estimate of the Santo Domingo mineralized body, Cyprium has delivered on the business plan they laid out for me during my visit to Chihuahua." He concluded: "I look forward to working closely with Mr. Lambert and the rest of the his team to ensure the continued development of the Potosi mine, the financing of the Company and eventually the acquisition of further mining projects that meet the criteria of the Company's business plan of acquiring and exploiting past producing mine in Mexico which can be quickly and inexpensively be brought back into production to generate cash flow for exploration and development and which also have significant exploration potential leading to the possibility of making new discoveries."
About Cyprium Mining Corporation
Website: www.cypriummining.com
Alain Lambert, Chairman and C.E.O.,
E-mail: ir@cypriummining.com ;
Ron Keenan, C.O.O.,
E-mail : rkeenan@cypriummining.com ,
Phone + 1 514 915 3836
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