Coal Preparation
Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Carpathian Gold Strengthens Engineering Team to Advance Rovina Valley Project in Romania

Published: June 29, 2016 |

[Click image to enlarge]

Carpathian Gold Inc. has provided a corporate update following the private placement, management re-organization, and the divestment of its Riacho dos Machados project in Brazil.

On April 29, 2016, Carpathian closed the divestment of the Riacho dos Machados project in Brazil to Yamana Gold. This transaction included the US$1.0 million private placement from Yamana and the subsequent elimination of all outstanding debt instruments in Carpathian owed to Macquarie Bank relating to the Riacho dos Machados project.

On May 19, 2016 Carpathian closed a private placement with Forbes & Manhattan, Sulliden Mining Capital and Black Iron, for CDN$10 million. Carpathian also made significant changes to its board of directors and management team, with the resignation of two directors the appointment of G. Scott Moore, MBA, as president and CEO and Paul Bozoki, MBA, as CFO, as well as the appointment of Stan Bharti, P.Eng.; Peter Tagliamonte, P.Eng.; and Matthew Simpson, P.Eng. to the board of directors.

In preparation for the construction and permitting phase proposed in the mining licence, Carpathian has strengthened its technical team with the addition of Joseph Milbourne and Les Kwasik.

Joseph Milbourne, FAUSIMM, has been appointed technical services manager, effective immediately, and will be the lead project engineer for Carpathian as it transitions from the exploration phase to mine permitting and construction. Milbourne is a metallurgist with more than 40 years of experience in the development, design, construction and management of mineral processing projects in North America, South America and overseas. Milbourne is the former vice president of technical services and operations for Sulliden Gold Corp., which was acquired by Rio Alto in 2014. Prior to that, he was technical director AMEC Mining and Metals where he oversaw process engineering and has international experience with BHP, Eldorado and Cominco. He has a B.S. in metallurgical engineering from New Mexico Institute of Mining and Technology and a M.S. in metallurgy from the University of Utah. Milbourne is a fellow of the Australasian Institute of Mining and Metallurgy and a registered member of SME.

Les Kwasik P.Eng, has been appointed country manager, technical, effective immediately. Kwasik will be based in Romania and will work closely with Milbourne to manage all local engineering consultants with full assistance to the country manager, permitting, Sacha Nicolici, as Carpathian moves into the development phase at Rovina. Kwasik previously worked with INCO Limited Canada (VALE Canada Limited), Xstrata Colombia, BE&K Group, Inter Invest Sp Company, NESMA Company Saudi Arabia, Maple Minerals Corporation Canada and Archipelago Resources Singapore. His tenures have included international postings in Russia, Poland, Indonesia, Colombia and Eritrea in leadership roles ranging from general manager to COO. Kwasik is an industrial engineer and a graduate of the Opole University of Technology in Poland. He holds a B.Sc. in industrial engineering.

“We are fortunate to have Joe and Les lead our engineering team in Romania. With over 70 years of cumulative mining engineering experience building and operating mines globally, we are well positioned to deliver a robust and socially responsible mining project for Carpathian shareholders and the people of Romania,” said Peter Tagliamonte, P.Eng., director of Carpathian.

The new senior management and directors of Carpathian have recently returned from a site visit to the Rovina Valley Project in Romania. The team was not only impressed with the infrastructure and ease of access to the deposits, but also with the openness and support from the local communities. Throughout the years of exploration work and discovery of the three mineral deposits on the property, the local Carpathian team has done an excellent job in engaging the local communities of Brad, Criscior and Bucuresci in a socially sustainable and respectful manner. Management is confident that local support for mining and the Rovina Project will remain strong.


About Carpathian
Carpathian Gold Inc. is a mining company focused on the development of its 100 percent owned Rovina Valley gold and copper project located in west-central Romania. Rovina is the second largest gold deposit in Europe.

To stop by Carpathian’s website, CLICK HERE


Be in-the-know when you’re on-the-go!

FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.


Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)

Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement