AndeanGold Announces Board of Directors and Management Appointments
December 09 2010 - 9:00AM
Marketwired
AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE: AAU)
is pleased to announce that Messrs. Fernando Pickmann and Thomas
Kelly have been appointed to AndeanGold's board of directors. Mr.
Paul Grist, a co-founder of the Company, has resigned as a director
to facilitate the expansion of the board by the addition of the two
new directors.
Mr. Pickmann, a practicing lawyer based in Lima, brings more
than 15 years of commercial and mining law experience to the
Company. Mr. Pickmann received his Professional Degree in Law from
the University of Lima in 1994 and his Masters Degree in Law
(L.L.M) specializing in Business Legal Advice from the Law School
at the Instituto de Empresa IE in Madrid Spain in 1997. He worked
for Centromin Peru S.A., the Peruvian Government's mining
privatization arm from 1997-98 and has practiced law in private
firms since 1998. Mr. Pickmann has been instrumental in assisting
the Company in establishing its operations in Peru and brings a
unique combination of corporate experience in both the Peruvian and
Canadian mining industries to AndeanGold.
Mr. Kelly has Bachelor and Masters Degrees in Mining Engineering
from the Colorado School of Mines and is a Fellow of Aus.IMM and a
Registered Member of SME. He has over 36 years of world-wide
mineral industry experience including underground and open pit
mining, project development, project management, corporate
management and consulting services. Mr. Kelly has held senior
positions with Freeport-McMoRan Copper & Gold Inc., AMEC
Americas, Inca Pacific Resources Inc. and other recognized
industry-leading companies. He is a recognized expert in project
management and development. Mr. Kelly is based in Lima, Peru.
The Company also is pleased to announce that Mr. David Cross has
been appointed Chief Financial Officer of the Company. He replaces
Mr. John Watt who has resigned his position to pursue other
interests. Mr. Cross is currently a partner in the firm of Cross
Davis & Company LLP Certified General Accountants which focuses
on providing accounting and management services for publicly listed
entities. His past experience consists of senior management
positions, including five years at Davidson & Company LLP
Chartered Accountants as Manager. Prior to that, he spent six years
with Canadian Communication Products Inc. as its Assistant
Controller and three years at Chartered Accountant firms. He is
also the CFO of several other TSX-V listed junior mining
companies
Anthony F. Ciali, President & CEO said, "Fernando Pickmann
and Tom Kelly, both based in Lima, Peru and with extensive
experience in Peru and Latin America, will be invaluable to
AndeanGold as we advance the Company's interests in Peru and, in
particular, the Urumalqui Project. The board of directors wishes to
welcome Fernando and Tom to the Board and to thank Paul Grist for
his valuable services to the Company since its formation. In
addition, the board of directors wishes to welcome David Cross to
the Company and to thank John Watt for his past services."
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and
potential development of primarily precious metals properties,
principally in Peru and Ecuador. The focus of the Company's
exploration activities is presently in advancing its Urumalqui
Project, as well as pursuing mineral property acquisitions, in
Peru. In Ecuador, the Company's activities have been limited to
administrative and legal matters due to the Mining Mandate issued
by the Ecuador Constituent Assembly on April 18, 2008. In November
2009, President Correa signed the Mining Regulations into law
pursuant to the requirements of the new Mines Law, which was passed
in January 2009. This was the final legal precursor to the
re-initiation of exploration and mining development in Ecuador. The
Company has been issued new mining titles under the new Mines law
to its three key Ecuadorian projects and has filed the requisite
documents with the Ministry of Non-Renewable Natural Resources and
Ministry of Environment in support of the Company's request to
renew exploration programs on its key projects in Ecuador. The
Company is actively working with government officials to achieve
this end.
Please refer to AndeanGold's website at www.andeangoldltd.com
for further information on the Company's projects and
activities.
On Behalf of the Board of Directors of ANDEANGOLD LTD.
Anthony F. Ciali, President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: AndeanGold Ltd. Tony Ciali 732.940.5487
tciali@andeangoldltd.com www.andeangoldltd.com Ascenta Capital
Partners Inc. Jim Glass Investor Relations 604.684.4743 ext. 225 or
Toll Free: 1.866.684.4743 ext. 225 jim@ascentacapital.com
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