Cue Resources Ltd. Appoints Andrew Bell to Board of Directors
04 Gennaio 2011 - 5:09PM
Marketwired
Cue Resources Ltd. (the "Company") (TSX VENTURE: CUE) is pleased to
announce that Andrew Bell has been appointed to the Company's Board
of Directors.
Andrew Bell is Chairman of Red Rock Resources Plc. He began his
career as a natural resources analyst at Morgan Grenfell & Co.
in the 1970s, and is a Fellow of the Geological Society. His
business experience encompasses periods in fund management and
advisory work at leading financial institutions, international
corporate finance work, and private equity. Andrew Bell's listed
company directorships are Regency Mines Plc (Chairman), Greatland
Gold Plc (Chairman), Jupiter Mines Ltd (Director) and Resource Star
Ltd (Chairman).
"We are very pleased to have Andrew join our board of
directors," stated Robert Tyson, President and CEO of the Company.
"Representing Red Rock, Cue's largest shareholder, Andrew will
brings diverse industry expertise and a network of contacts in
Europe and other parts of the world that we believe will provide
significant benefit to Cue and our shareholders."
About Cue Resources
Cue Resources Ltd. is focused on developing its uranium project
located in the Yuty Uranium District in south-eastern Paraguay. Two
major drilling campaigns have been completed by Cue leading to the
completion of the most recent NI 43-101 compliant resource
reporting an Indicated Resource of 9.0M tonnes @ 0.042% eU3O8
containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @
0.050% eU3O8 containing 1.2M lbs eU3O8. Column leach tests have
demonstrated recovery of up to 86% of the contained uranium from
cores taken from San Antonio. In addition, laboratory testing on
drill cores has shown permeability and porosity values within the
range of existing commercial ISR operations. For detailed
information, please see the Cue web site at
http://www.cue-resources.com.
Chris M. Healey, P.Geo, a director of Cue, is the Qualified
Person responsible for the technical content of this release.
On behalf of the Board of Directors
Robert S. Tyson, President and Chief Executive Officer
Neither the 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: Nicola Street Capital Inc. Mark Prosser Investor
Relations 604-569-0056 mprosser@nicolastreetcapital.com
www.cue-resources.com
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