Nethery Appointed to Kinbauri's Board
09 Giugno 2008 - 9:58PM
Marketwired
OTTAWA, ONTARIO (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) is pleased
to announce the appointment of Mr. Bryan Nethery, P. Eng., M.B.A.
("Nethery") to Kinbauri's Board of Directors. Nethery will be
actively assisting Kinbauri with advice and direction regarding its
mine and mill development and maintenance plans together with
financial planning as it moves through feasibility and
pre-production development at El Valle during 2008 and 2009.
Mr. Nethery received his B.A.Sc. in Metallurgical Engineering
from the University of British Columbia in 1971 and received a
M.B.A. from the same university in 1981. He is a Professional
Engineer (BC) and Member of the Canadian Institute of Mining and
Metallurgy. Mr. Nethery has over 30 years of domestic and
international senior management and metallurgical engineering
experience. He has extensive experience in all aspects of mining
project development, from scoping studies, pre-feasibility studies,
"bankable" feasibility studies, metallurgical studies, valuations
and due diligence studies, as well as leading the design,
procurement, construction and startup of major mining projects. His
career has included work in project controls, estimating, contract
administration, financial analysis, project finance, risk analysis,
and construction management. Technically, he has extensive
experience in gold, copper, lead-zinc, iron ore, nickel, as well as
hydrometallurgy, SX-EW, pressure oxidation and smelting.
Mr. Nethery was EPCM project manager for the Teck Cominco and
Sumitomo 2,500 tpd Pogo Project in Alaska where he led the project
through scoping, pre-feasibility studies, permitting, feasibility
study, and ultimately design and construction. The Pogo Project has
many similarities to the El Valle project; it is an underground
mine of comparable tonnage, the mine uses paste backfill made from
mill tailings, environmental issues were a key element in
permitting and development, and the process flowsheet has numerous
correlations.
From 1994-2005 he was employed by AMEC as Vice-President, Design
Build and his activities included business development,
negotiations on project development and financing and project
management. Previously he was a senior manager with Fluor Daniel
Wright and project manager on a number of EPCM projects including
the Marigold Gold Mine in Nevada, the Louvicourt Project in Quebec
and the Porco Mine in Bolivia, as well as major feasibility
studies. Since 2005, Nethery has been an independent consultant
involved in project and metallurgical consulting for various
clients. Mr. Nethery has worked in Spain on two major projects: the
expansion of the copper and gold plants for Rio Tinto Minera S.A.;
in addition he led the feasibility study on the Huelva Cooper
Smelter Expansion for Atlantic Copper at Huelva Spain. He is fluent
in Spanish.
Dr. Vern Rampton, Ph. Eng., President and CEO of Kinbauri
stated, "Bryan Nethery has been brought on as a Director to provide
the Board with project development expertise and technical support
to assist Kinbauri in moving the El Valle project through the
scoping and pre-feasibility study, and on to the feasibility study,
financing, and design and construction. I am very confident that
Bryan will be of great assistance in bringing El Valle to
production."
Other Corporate Developments
Kinbauri has approved the issuance of 1,000,000 options under
its current Stock Option Plan to Directors, Officers, Consultants
and Employees expiring June 9, 2011 all at an exercise price of
C$0.84.
In addition in the last several months Kinbauri has netted
$2,203,399.00 from the exercise of warrants, brokers warrants and
options; bringing its total outstanding shares to the number
referred to below.
About Kinbauri
Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused
on the development of mineral properties, primarily precious metal
prospects in northwestern Spain, Nevada and Canada. Its immediate
focus is to expand and upgrade resources to reserves at the El
Valle property in Asturias, Spain in order to start operations at
the mine and existing mill complex there in early 2010. It
currently has 48,461,564 common shares issued and outstanding.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: North America Kinbauri Gold Corp. Darrell Munro, BB.A,
LL.B, Manager Corporate Communications 613-836-0198
dmunro@kinbauri-gold.com www.kinbauri-gold.com Kinbauri Gold Corp.
Dr. Vern Rampton, P. Eng., President 613-836-2594 613-831-2730
(FAX) vrampton@kinbauri-gold.com kinbauri@kinbauri-gold.com Europe
INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations &
Telecommunications ceo@investel.de Kinbauri Gold's Hub
http://www.agoracom.com/IR/kinbauri
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