Horizonte Minerals PLC
03 April 2008
Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining
3 April 2008
Horizonte Minerals plc ('Horizonte' or 'the Company')
New CFO and Expansion of Management Team
Horizonte Minerals plc, the AIM-traded exploration and development company, is
pleased to announce it has strengthened its management team by appointing Gary
Townsend as its new Chief Financial Officer (non-Board) and Gonzalo Lemuz as
Exploration Manager in Peru. In addition, the Company has employed Dr Richard
Jemielita who will be an active member of the technical advisory board, formed
to enhance exploration operations on the ground.
Mr. Townsend has over 24 years of experience in finance, specialising in the
natural resource sector. Recent positions include Chief Financial Officer at
Guinor Gold Corporation, where he was involved in raising US$150 million and
Group Financial Controller at Ashanti Goldfields, where he played a key role in
the financial re-structuring of the Group.
In line with strengthening the operational team in South America, Mr. Lemuz will
be running exploration activities in Peru. He is a highly experienced economic
geologist with over 18 years of mineral exploration experience in South America.
During this period he has worked for Anglogold Ashanti plc, Newmont Mining Corp.
and BHP Minerals Ltd in Peru, Bolivia, Argentina and Ecuador. His experience
ranges from early stage targets through to resource definition.
Additionally Dr. Richard Jemielita joins Horizonte's technical advisory board.
He is an independent geologist with twenty-five years professional experience of
consulting and exploration management, predominantly in Latin America. Richard
has held positions with multinational mining companies and government
organisations to advise on exploration. He specialised in identifying high,
intermediate and low sulphidation epithermal gold-silver deposits, porphyry
copper-gold-molybdenum and related polymetallic skarn and vein deposits, as well
as carbonate-hosted zinc-lead silver, volcanic-hosted massive sulphides in
Cordilleran terrains and shear zone-hosted lode gold deposits in Precambrian
shields.
Horizonte Minerals CEO Jeremy Martin said, 'We are delighted to welcome Gary to
the Company. His knowledge in finance and accountancy, fused with his wealth of
experience gained from working within the mining industry, will help with the
corporate development of the Company.
'On the geological side, the appointment of a high level Exploration Manager
will enable us to expand our project portfolio and access new opportunities in
Peru. In addition, Dr. Jemielita's valuable experience will enhance the
technical exploration focus across the Group.'
**ENDS**
For further information visit www.horizonteminerals.com or contact:
Jeremy Martin/David Hall Horizonte Minerals plc Tel: 020 7495 5446
Jeremy Porter/Laura Littley Fairfax I.S. PLC Tel: 020 7598 5368
Hugo de Salis/ Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes to Editors:
Horizonte Minerals plc is an AIM listed exploration and development company with
a portfolio of gold, nickel, silver, lead and zinc projects in producing mineral
districts in Brazil and Peru. It has three primary projects working towards a
resource definition including the 22,556 hectare Lontra nickel project situated
in the Araguaia mobile belt, which flanks the eastern margin of the Carajas
Mineral Province of northern Brazil, the silver-zinc-lead project El Aguilia in
Peru, located in the historic mining district of Cerro de Pasco and the 300 sq
km Falcao gold project located near the Lontra project. In addition it has a
generative pipeline of early stage projects in development.
The Company is focused on generating and rapidly advancing exploration projects
before joint venturing them with a major mining company to further develop the
projects and provide mid-term cash flow, which can be fed back into the business
and its other projects. This model was proven in December 2007 when Horizonte
signed an option agreement with Troy Resources (ASX:TRY), to operate and develop
its Brazilian Tangara gold project by expending a total US$2.8 million on
exploration and development as well as a royalty payment on production.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.