International Gold Resources: New CEO
April 02 2007 - 11:12AM
Business Wire
International Gold Resources Inc. ("IGR") (Pink Sheets:IGRU) is
pleased to announce that Tim B. Acton has been appointed as IGR's
NEW CEO. Mr. Acton brings 35 years of hardrock metal mining
experience in the United States, Canada, Central Asia, Russia,
Australia, Mexico, and Indonesia. Most recently, Mr. Acton spent
ten years at Newmont Mining Corporation. His responsibilities
included operations startup of a 40,000 tpd crushing and heap leach
gold operation in Uzbekistan; Director of operations during the
engineering, construction and operations startup of the 120,000 tpd
Batu Hijau open pit mining and concentrating copper/gold project in
Indonesia; Director of business development for Central Asia and
Russia; Operations manager of mining in Australia; Director of
operations and business development for Canada and Mexico; and
Senior Manager underground operations in Nevada. Prior to Newmont,
Mr. Acton was Senior Vice President for Freeport Indonesia where he
was instrumental in expanding production at the Ertsberg/Grasberg
complex from 20,000 to 100,000 tpd from several underground and
surface mines. Acton began his career with Magma Copper Company at
their 60,000 tpd underground copper mine in San Manuel, Arizona.
Mr. Acton holds a Bachelor of Science degree in Mining Engineering
from the University of Arizona, Tucson, Arizona. �IGR has exciting
assets in Brazil and the Yukon with tremendous potential. I look
forward to helping IGR become one of the more significant
exploration and development companies in the gold sector,� said
Acton. �Tim Acton adds a great deal of depth and experience to the
IGR management team,� said Roland Vetter, President and Chief
Financial Officer. �His broad knowledge of the mining industry and
his specific international experience are a good match for IGR and
will greatly enhance our efforts at advancing exploration projects
in North and South America.� �Over the next 60 days, I will work
with IGR to strengthen our Board of Directors and management team,�
said Acton. About International Gold Resources, Inc. The vision of
International Gold Resources Inc. is to maximize shareholder value
by acquiring and developing early stage gold exploration projects.
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's
results from new products or actions in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results.
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