Archean Star Announces Jeffrey Williams, B.Sc. Eng, MBA, as Director
November 25 2011 - 12:18PM
Marketwired
Archean Star Resources Inc. (TSX VENTURE:ASP) (the "Company" or
"Archean") is pleased to announce that Mr. Jeffrey Williams of
Melbourne Australia has, subject to approval of the TSX Venture
Exchange (TSX:V) been appointed as a Director of the Company.
Until recently, Mr. Williams was the Managing Director of
Mineral Deposits Ltd, (MDL) a company that he headed while listing
on the Australian Stock Exchange (ASX). During his tenure as
Managing Director of MDL, Mr. Williams was instrumental in raising
in excess of AUD$450 million for projects such as the 3.5 million
ounce Sabodala gold deposit in Senegal that was subsequently
developed into the Sabodala Gold Mine, and recently developed the
Grande Cote Zircon/Ilmenite Mine, also in Senegal. In mid-June,
2011, MDL raised AUD$140M to commence construction of the mine and
at the same time announced the merger of the Grande Cote interests
with the French industrial producer Eramet.
Prior to his tenure as Managing Director of MDL, Mr. Williams
was, among other things, involved with major Australian Securities
firms such as HSBC James Capel as Head of Resources, Senior
Research Analyst with ANZ McCaughan of Melbourne, Mining Analyst
with Roach & Co of Melbourne and was Senior Mining Engineer
with North Broken Hill Holdings of Melbourne.
The Company is very pleased it has attracted Mr. Williams, with
his wealth of experience and qualifications in the Australian and
International mining business as a Director of Archean and the
Company intends to continue to seek to enhance its board with other
highly qualified individuals from the Australian Mining and
Investment community as it moves forward with its exploration of
the Gnaweeda Gold Project.
The Company has announced the grant of 200,000 incentive stock
options exercisable at $0.15 cents for five years to Mr.
Williams.
Archean Star Resources Inc. is a junior exploration company
that, through its wholly owned subsidiary, Archean Star Resources
Australia Pty Ltd, has entered into an Option Agreement, subject to
a 75% back in right, to earn 100% of Teck Australia Pty Ltd's
("Teck") interest in Chalice Gold Mines Limited's Gnaweeda Gold
Project in West Australia. Kent Exploration Inc. (TSX VENTURE:KEX)
with approximately 10,000,000 shares or 22% of the outstanding
common shares, is the controlling shareholder of Archean.
This News Release has been prepared on behalf of the Archean
Star Resources Inc. Board of Directors, which accepts full
responsibility for its contents.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
Neither the TSX Venture Exchange, nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange), has reviewed, nor do they accept responsibility
for, the adequacy or accuracy of this news release.
Contacts: Archean Star Resources Inc. Graeme O'Neill President
(604) 684-3394 (888) 282-7763 (FAX)www.archeanstar.com
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