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Aug 28, 1997
Mindoro Announces Management Changes
Mr. Tony Climie, President of Mindoro Resources Ltd. (the "Company"), is pleased to announce the following changes and additions to the management team:
Rodney G. Orr, formerly Vice President Exploration of the Company, has been appointed Senior Vice President, reflecting increased executive responsibilities which have been assumed by Mr. Orr. This will provide management continuity while Mr. Climie is offshore supervising the Company's Asian subsidiaries and operations.
Penny M. Gould, formerly Manager, Corporate Affairs, has been appointed Vice President, Corporate Development and also assumes the role of Corporate Secretary. Ms. Gould will be responsible for administrative and corporate matters as well as investor relations.
Ronald W. Avery, B.Sc. B.A., is joining the Company as Exploration Manager. Mr. Avery has 11 years experience as an exploration geologist with major international companies. Initially, Mr. Avery will manage the company's Myanmar Concession No.11 project, on which the Company recently assumed operatorship. He will also be involved in the supervision of its Philippines and Indonesian projects. Mr. Avery's appointment further strengthens the Company's technical team and reinforces its emphasis on providing direct hands-on management of its mineral exploration projects throughout Asia.
Mr. Francisco L. Comsti, Jr., B.Sc., has been appointed Vice President and Director of MRL Gold Phils., Inc. ("MRL"), the Company's wholly-owned subsidiary in the Philippines. Mr. Comsti is a resident Filipino and has 21 years mineral exploration experience in Asia and Australia, including eight years with the Bureau of Mines and Geo-Sciences in the Philippines. Mr. Comsti will supervise MRL's operational and administrative interests based out of its Manila office and will report to Mr. Climie, who has been appointed MRL's President and Director. The following persons have also been appointed Officers and Directors of MRL Gold Phils., Inc.: Rodney G. Orr, Chairman of the Board and Director; Roderick R.C. Salazar III, Corporate Secretary and Director; and Roberto M. Santos, Treasurer and Director.
MRL currently has six gold exploration projects in the Philippines. Work is in progress on three of these projects and will soon commence on two additional projects. MRL expects to have drill targets defined by early 1998.
Mindoro Resources Ltd. is a Canadian mineral exploration company focusing on gold and gold-copper exploration in Asia. Exploration is in progress on projects in the Philippines, Myanmar, and Indonesia. The Company has working capital of approximately $4,400,000.
The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
You can view the Next Press Releases item: Fri Sep 26, 1997, Mindoro Resources Acquires Additional Philippines Claims
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