Appt of Construction Manager
February 15 2005 - 1:00AM
UK Regulatory
RNS Number:5586I
Archipelago Resources PLC
15 February 2005
ANNOUNCEMENT
APPOINTMENT
of
GERARD (GED) EDWARDS
to oversee
CONSTRUCTION
of the
GOLD PROCESSING PLANT
at
TOKA TINDUNG
Archipelago Resources plc is pleased to announce the appointment of Mr Gerard
(Ged) Edwards as Construction Manager of the Company's Toka Tindung Gold Project
in Sulawesi, Indonesia. Ged is a civil engineer with extensive Asian experience
and was previously Project Manager for McConnell Dowell at the Chatree Gold
Project in Thailand and the Sepon Project in Laos.
Most recently Mr Edwards successfully supervised the dismantling of the El Tambo
gold processing plant in Chile for Archipelago. This job involving the
deconstruction and transportation of some 2,000 tonnes of plant and machinery
was completed without injury to personnel or loss/damage of equipment, at high
altitude and in challenging weather conditions. When cleaned and packed this
equipment will be relocated to Toka Tindung.
The recruitment of Ged to Archipelago's growing team of skilled technical and
management personnel is another significant step by the Company towards its
objective of commencing development at Toka Tindung in coming months.
Due diligence studies being undertaken for prospective project financiers of the
Company's Toka Tindung Gold Project, are near completion. The project has a
resource of 1.75M oz of gold equivalent of which at least 0.9M oz will initially
be mineable by open pit. Production is targeted at 160,000 oz per annum for an
initial 6 year mine life commencing in mid 2006.
Archipelago is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam
(as majority party in the Cam Thuy/Ba Thuoc joint venture with Vimico a
Vietnamese Government mining company) and the Philippines (as 100% option
holders over the Corplex tenements).
Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc.
Tel: 00-618-9364-8301
Ron Marshman/John Greenhalgh, City of London PR Limited.
Tel: 020-7628-5518
www.mining-investor.com/arch
This information is provided by RNS
The company news service from the London Stock Exchange
END
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