Augyva Appoints CFO and Geological Consultant
October 20 2011 - 7:15AM
Marketwired
Augyva Mining Resources Inc. (Augyva or the Company) (TSX
VENTURE:AUV) today announced that it has appointed Jeffrey D.
Sherman as Chief Financial Officer. As CFO, Mr. Sherman will be
responsible for all aspects of the Company's administration,
compliance, reporting and finance activities.
Mr. Sherman is a Chartered Accountant and has had extensive
experience as a director or CFO of numerous corporations. He has
authored 21 books in the finance area, and lectured extensively on
finance, treasury and governance, including as an adjunct professor
at York University, and has created and presented many executive
development and other programs for Institutes of Chartered
Accountants across Canada. He continues to serve (also on a
part-time basis) as the CFO of two other public companies in the
metals and mining industry.
Mr. Sherman replaces John L. Knowles, a director of the Company,
who has served as interim CFO. Augyva thanks Mr. Knowles for his
contribution during this transition period.
Augyva also announced today that George Wahl of GH Wahl &
Associates Consulting has been retained as the Company's consulting
geologist to provide geological and mineral resource expertise for
the Company. Mr. Wahl is a Professional Geologist and holds an MA
from the University of Waterloo and has many years experience in
mining and exploration around the world, including numerous iron
ore projects. Mr. Wahl will also serve as one of the Company's
representatives on the technical committee in place with its joint
venture partner, Canadian Century Iron Ore Corp., for the Duncan
Lake Iron Ore Project.
Peter R. Jones, Chairman and interim CEO, said: "These
appointments demonstrate that the new Board is moving ahead quickly
and decisively to reshape the Company and enhance its operations.
We look forward to working with these experienced and highly
qualified individuals."
About Augyva Mining Resources Inc.
Augyva is an exploration and development company holding five
(5) properties located in the James Bay and Abitibi regions of the
Province of Quebec. Its major project is its interest in the Duncan
Lake Iron Ore Property located in the western part of the La Grande
Greenstone Belt. The property is accessible by road and covers
5,848 hectares. A National Instrument 43-101 compliant technical
report on the mineral resource was prepared by Met-Chem Canada Inc.
and was released in March 2010. The Duncan Lake Iron Ore Property
is subject to a joint venture agreement between Augyva Resources
and Century Iron Mines Corporation which has earned a 51% interest
and is currently making additional exploration expenditures to
increase their interest to 65%.
In addition to the Duncan Lake Iron Ore Project, Augyva holds a
100% interest in four other mineral properties, namely: Yasinski
and Kali in the James Bay region and Senneville and Malartic in the
Abitibi region. At these mineral properties, the exploration focus
is for other than iron ore.
This news release may contain certain forward-looking
information. All statements included herein, other than statements
of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be
no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such information. A description of assumptions used
to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially
from forward-looking information can be found in Augyva's
disclosure documents on the SEDAR website at www.sedar.com. Augyva
does not undertake to update any forward looking information except
in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Augyva Mining Resources Inc. Kuldeep Billan Director
416-309-2198www.augyva.com
Augyva Mining Resources Inc. (TSXV:AUV)
Historical Stock Chart
From Sep 2024 to Oct 2024
Augyva Mining Resources Inc. (TSXV:AUV)
Historical Stock Chart
From Oct 2023 to Oct 2024