Tuesday, 6 November 2012

Westridge Resources bulks up board with new appointment

Westridge Resources (CVE:WST) has appointed Gregory L. Myers as a director of the company, effective today. 
The company said Dr. Myers brings over 30 years of experience in "successful gold exploration", project evaluation, mine geology, resource estimation and project development. 
He was the exploration manager for Mexico for Phelps Dodge from 1990 to 1996, and then served as president and CEO for RAM Minerals from 1996 to 2000. 
Dr. Myers also worked in project development at the Tintya Mine in Peru for BHP Billiton, as VP business development for Pacific North West Capital, and is presently president, CEO and director of Caza Gold Corp.
With his experience in North and South America in both the major and junior mining sectors, his skills in managing projects, and his experience in developing resources and reserves, Westridge said he is expected to provide "strong support for the company's activities in Mexico and other Latin American countries."
"Dr. Myers' broad experience in the mining industry in North and South America is a welcome addition to the Westridge team, and the company's management and Board of Directors looks forward to his input as we continue to focus on adding value for our shareholders." said president and CEO, Peter Schulhof.
Last month, Westridge announced it revised the terms of the option to acquire the Charay gold project in Mexico. The revised terms eliminated the high monthly cash payments for a small portion of the property package, while maintaining approximately 96 per cent of the original property package, about 90 square kilometres. 
The company said at the time these changes allowed it to focus on the discovery and definition of high grade, epithermal gold mineralization on the remainder of the large property position, which surrounds the relinquished mineral concessions covering only around 4 per cent of the land holdings at the Charay gold project. 
The Canadian explorer has an option to acquire up to a 100 per cent interest in the Charay gold/silver project, located in Sinaloa State, Mexico.

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