( BW)(UT-GOLDEN-EAGLE)(MYNG) Golden Eagle Announces the Appointment of Henry (Rick) Sandri, Ph.D. to Its Technical Advisory Board
Business Editors
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 2, 2001--Golden Eagle International, Inc. (OTC Bulletin Board:MYNG) announced today that Henry (Rick) Sandri, Ph.D. has been appointed to the Company's Technical Advisory Board. Dr. Sandri was the senior associate and chief consultant for the team of geologists, engineers and mineral economists from Behre Dolbear & Co., Inc., a minerals industry consulting firm, which performed a field sampling study and literature search on the Company's Cangalli, Bolivia, gold deposit in 1998 and 1999.
Dr. Sandri received a B.S. in Foreign Service from Georgetown University in Washington, D.C.; an M.A. in Applied Economics from American University in Washington, D.C.; and a Ph.D. in Mineral Economics from the Colorado School of Mines.
Dr. Sandri's recent work experience includes a position as Senior Corporate Economist for Meridian Minerals; Vice President of Research Applications, Inc.; and Senior Corporate Planner for Burlington Northern, Inc. of Seattle, Washington, from 1982 through 1987. Meridian and Research are wholly-owned subsidiaries of Burlington Northern. From 1987 to 1988, Dr. Sandri was a consulting partner in Mineral and Energy Resource Consultants, a Boulder, Colorado, firm specializing in natural resource project evaluation and planning. At the end of 1988, Dr. Sandri became Vice President of Planning and Business Development for INCO, Ltd., in New York, N.Y., and later became Director of Business Development, Acquisitions and Property Management for INCO Exploration and Technical Services, Inc., of Toronto, Ontario, Canada. Dr. Sandri worked for INCO from 1988 through 1994, where he was in charge of new business development, managed joint venture interests and held board seats on gold, industrial mineral and other resource companies listed on the Nasdaq, Pacific, Toronto, Montreal and London Stock Exchanges. From 1994 through 2000, Dr. Sandri was a Senior Associate with Behre Dolbear & Co., Inc.
Dr. Sandri has conducted financial and engineering feasibility studies and due diligence evaluations, and assisted in the final financing efforts, for over $3 billion worth of project financing since 1996, including: Ft. Knox, Alaska (gold); Las Cristinas, Venezuela (gold/copper); Bajo de la Alumbrera, Argentina (gold/copper); and Stillwater, Montana (platinum/palladium). Dr. Sandri has led, or been a member of, a number of professional teams in the evaluation and acquisition of gold, silver and copper properties in Canada, Mexico, Brazil, Ghana, the United States, Chile, Argentina, the Philippines, and the former Soviet Union. In addition, in 1999, Dr. Sandri visited Golden Eagle's Cangalli, Bolivia, property as part of Behre Dolbear's verification study concerning the size and nature of that gold deposit.
Golden Eagle's president, Terry C. Turner, stated: "We are very pleased to have Dr. Sandri as a member of our Technical Advisory Board. Dr. Sandri's wealth of experience in the area of mineral deposit evaluations and project financing will contribute important insights at a critical moment in Golden Eagle's next stage of growth. It was also of mutual importance to Dr. Sandri and Golden Eagle that Dr. Sandri had been on the Company's Cangalli gold deposit, had extensively researched the history and studies available on the property and had developed a positive opinion."
Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah. The Company is currently focusing its efforts on developing its mining rights in the Tipuani Gold Mining District in Bolivia. For more information about the Company, call Sabrina Martinez at 801/619-9320. Media inquiries should also be directed to Ms. Martinez. Information regarding Golden Eagle can also be found at its website: www.geii.com, where management recommends that all shareholders and prospective shareholders review its Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K.
The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and periodic reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. All of these risks, as well as all other risks associated with a small gold mining company and South American operations, should be carefully examined by all shareholders and prospective shareholders. Golden Eagle disclaims any obligation to update any forward-looking statement made herein. |
