Monday, 30 April 2012

Rubicon names Michael Lalonde as new president, chief operating officer

Gold explorer Rubicon Minerals (TSE:RMX) reported that it has hired mining engineer Michael Lalonde as president and chief operating officer, as the company seeks to develop its Phoenix Gold project.

Lalonde’s appointment takes effect on June 1. After six months, Lalonde will take on the position of president and chief executive officer.

David Adamson will remain as chief executive throughout the transitional period and then will assume the position of chairman of the board, afterwards.

Lalonde, who has over 20 years worth of experience, has a Bachelor of Science in mining engineering from Michigan Technological University.

As a result from this appointment, Lalonde will leave his role as director of underground projects at Goldcorp (TSE:G) where he is responsible for guiding construction and development.

His current duties at Goldcorp, a low-cost gold producer, include management for the development of the Cochenour project in Red Lake.

Between 2008 and 2011, Lalonde was general manager of Goldcorp’s Red Lake gold mine in Red Lake, Ontario and responsible for mine infrastructure, development and production programs.

"Mike's appointment is a significant endorsement of Rubicon and our Phoenix Gold Project and I look forward to working with him during the transition and beyond," Adamson said.

Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp's high-grade, world class Red Lake Mine.

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