Ferrum Americas Mining Announces Appointment of New Director
July 03 2013 - 3:51PM
Marketwired Canada
Ferrum Americas Mining Inc. (TSX VENTURE:FEM) ("Ferrum" or the "Company") is
pleased to announce the appointment of Ms. Alejandra Kempff to the Company's
Board of Directors.
Ms. Kempff, who is based in Bogota, Colombia, brings an in-depth understanding
of Latin American governmental affairs to Ferrum.
Most recently, Ms. Kempff was a specialist in the Secretariat for Political
Affairs with the Organization of American States ("OAS") and an Analyst-External
Relations with the OAS's Mission to Support the Peace Process in Colombia.
She holds a B.A in International Relations from Boston College and an M.A in
International Affairs from Johns Hopkins University - School of Advanced
International Studies.
"We are delighted to welcome Alejandra to our board of directors," Laurie
Curtis, Chairman of the Board commented. "Alejandra brings a wealth of knowledge
and relationships throughout Latin America to our board and a deep understanding
of the cultural, social and political issues affecting mining investments in the
region," he added.
Ms. Kempff's appointment remains subject to the approval of the TSX Venture
Exchange.
Board Resignation
The Company also announces that Jordan Kupinsky has resigned from the board. Mr.
Kupinsky has been a member of Ferrum's board since its listing in December 2011
and the Company would like to thank him for his invaluable contributions and
sound advice during this period.
About Ferrum Americas Mining
Ferrum Americas is focused on developing iron ore projects in the Americas. The
Company is targeting high quality deposits that have access to existing
transportation infrastructure and have relatively simple beneficiation
processing requirements.
Ferrum Americas has rights to acquire a 98% interest in the Cerro Rojo iron ore
project in Bolivia. Located 600 kilometres east of Santa Cruz and approximately
55 kilometres from Puerto Suarez and the Hidrovia river system near Corumba,
Brazil, Cerro Rojo is a large banded iron formation striking for more than 4
kilometres, according to reports prepared by Rio Tinto in 1999 and verified by
Ferrum.
A NI 43-101 mineral resource estimate, prepared by P&E Mining Consultants Inc.,
includes Indicated resources of 111.0 million tonnes at 48.1% Fe and Inferred
resources of 175.9 million tonnes grading 48.8% Fe at a 15% iron cut-off grade.
At a cut-off grade of 50% Fe, Indicated resources are 31.2 million tonnes at
51.5% Fe and Inferred resources are 63.0 million tonnes at 52.0% Fe. The
NI-43-101 Technical Report is available at www.ferrumamericas.com.
Ferrum is also evaluating other iron ore opportunities within Bolivia and in
neighbouring jurisdictions, where the criteria of low capital costs and simple
processing are also met.
Forward-Looking Statements
This news release may contain forward-looking statements that are based on
Ferrum Americas Mining Inc.'s expectations, estimates and projections regarding
its business and the economic environment in which it operates. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to control or predict. Therefore, actual outcomes and results
may differ materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances, unless otherwise required to do so by law.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ferrum Americas Mining Inc.
Laurence Curtis
Chairman
1 289 242 7422
lwcurtis@cogeco.ca
Ferrum Americas Mining Inc.
Nick Tintor
President and CEO
1 416 987 0855
ntintor@rgmi.ca
Ferrum Americas Mining Inc.
Leslie Haddow
Corporate Secretary
1 416-637-3523
lhaddow@rgmi.ca
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