Solomon Gold PLC (LSE:AIM SOLG) has appointed Malcolm Norris as chief executive officer and managing director, which will become effective at the end of October 2011.
As a result of other commitments and in the interests of the company’s next phase of development the current chief executive officer, Nicholas Mather, has decided to retire from management responsibility, but will remain as an executive director for at least the next 12 months.
Norris is very experienced, and recently led the team which discovered the Tujuh Bukit copper gold porphyry project for Intrepid Mines (ASX: IAU).
Solomon Gold is currently in a very interesting position, and just last month announced a 24% increase to 676,000 gold ounces at its Rannes project in Central Queensland, Australia.
With an Inferred gold resource target of over 2 million ounces at Rannes, Solomon Gold has set a cracking pace - with drilling planned at 21 defined prospects at the project, providing strong news flow and potential to reach the target resource given cash reserves of A$9 million.
Additional drill rigs are being sourced to accelerate the program at Rannes, which is located 150 kilometres west of port city of Gladstone.
What is significant is that the total Solomon Gold project discovery cost to date (Inferred Resource ounces) for Rannes is just A$6.28 an ounce.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/20396/solomon-gold-plc-appoints-malcolm-norris-as-ceo-and-managing-director-20396.html
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