Friday, 15 January 2010

Sacre-Coeur appoints refinery manager ahead of alluvial gold production start

Sacre-Coeur Minerals (TSX-V: SCM) confirmed that it had appointed Ardito Martohardjono as refinery manager at the ‘Million Mountain’ project in Guyana, South America.  Martohardjono has been a director of Sacre-Coeur for the past five years and will continue to sit on the board of directors.

Martohardjono brings two decades of experience in the mining industry with a number of companies, including Bondar Clegg Canada Land ALS Chemex.

Gregory Sparks, CEO of Sacre-Coeur, said he was pleased to have secured the services of Martohardjono to oversee a “critical element” in the alluvial gold production process.

Just last week, Sacre-Coeur Minerals announced a boardroom reshuffle to better reflect its intention to become a gold producer. Sacre-Coeur promoted Sparks to the position of President and CEO, and secured the services of Allen Heyl to fill the role of Director of Mining and Exploration. Irwin Olian, who has been instrumental in the company’s progress in recent years, will stay on as Chairman of the company and will continue to serve as a member of the board of directors.

The company has spend the past few years testing and advancing a number of prospective targets in Guyana, predominately focused on gold mineralization, but also diamonds.  More recently, focus has sharpened on the potential of alluvial gold deposits, which require comparatively low capital expenditure compared to hard rock mines to put into production.  http://www.proactiveinvestors.com/companies/news/3680/sacre-coeur-appoints-refinery-manager-ahead-of-alluvial-gold-production-start-3680.html

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