Monday 29 March 2010

Triton Gold appoints ex-Red 5 executive as new CEO

Triton Gold (ASX: TON) has announced that Allen Lance Govey has been formally appointed as Chief Executive Officer of the company, effective from 6 April 2010.

Govey has 35 years experience in the minerals sector with wide ranging involvement in successful exploration and mining geology within Australia, Indonesia and the Philippines.

Govey spent the last eight years with Red 5 Limited (ASX: RED) as Executive Director responsible for exploration and development studies at the million ounce Siana Gold Project in the Philippines.

The role spanned the entire exploration phase with the project progressing from scoping to final bankable feasibility studies, with development about to commence.

Red 5’s market capital increased from $5M to $120M over the period. Other roles included a significant contribution to Red 5’s public relations and investor relations function and related successful capital raisings.

The company said it believes Govey’s diverse experience and knowledge will assist Triton to achieve success within it’s greenfield exploration projects and aspirations for early development.

Greg Hall was actively involved in the recruitment of the new CEO. Hall will formally step down as Interim CEO, but will continue as the Interim Managing Director for the near term. Hall will assist in the hand over to Mr. Govey and will ultimately revert to his original position in the Company as Non-Executive Director.

http://www.proactiveinvestors.com.au/companies/news/6036/triton-gold-appoints-ex-red-5-executive-as-new-ceo-6036.html

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