Celeste Copper Corp (CVE:C) announced Tuesday that Alan Shoesmith has been appointed president and CEO of the company.
Celeste is currently focused on the acquisition of an interest in
Cornish Minerals Limited, which controls mining rights in the historic
Cornish mining region in Cornwall, England, including the South Crofty
Celeste also assesses other tin, copper and copper-gold properties for exploration and development.
Shoesmith brings Celeste 40 years of commercial experience, having previously been CEO of The Shaw Group,
a highly diversified group of companies overseeing operations in
specialist engineering, manufacturing and property management.
"I am excited to be working with the Celeste management team to bring
its historical Mine project in Cornwall, England back into production,"
"South Crofty is a poly-metallicproject with the potential scale to
create a significant value opportunity for Celeste's shareholders."
Since 2001, Shoesmith has been CEO of Baseresult Holdings, and
subsequently Western United Mines, the operating arm of Celeste's
partially owned subsidiary Cornish Minerals Limited.
In this capacity, he had oversight of South Crofty and managed all
activities in relation to the commercial, governmental permit, planning
and mineral right aspects to the project.
"We are pleased to have Alan join Celeste as he is an experienced
senior executive and he has guided the company's key asset, the South
Crofty Project, since the mine was acquired in 2001," said chairman of
Celeste, Farhad Abasov.
"I know Alan is committed to bringing this important project back
into production and helping the Celeste team realize the value that our
exciting projects represent for our shareholders. I look forward to
working with him."
Celeste also announced Tuesday that Norman Brewster will be resigning
as the company's president and CEO, but that he will remain actively
involved with the company as a member of the board of directors.
The company said last week that it has extended an earn-in agreement
to acquire an initial 25 percent equity interest in Cornish Minerals
Limited. The company extended the expiry date of the earn-in agreement,
signed in May 2011, to June 30,2012.
The Calgary-based company also recently reported that it has gained
additional property assets to facilitate the construction of the future
surface infrastructure at South Crofty.
Earlier this year, Cornwall Council – the project’s local mineral
planning authority – granted new conditional planning consents for
developing new surface mine infrastructure and for the extension of the
mine's underground working area to 1,460 hectares from 510 hectares.