Cash Minerals Appoints Doug Currie President & Chief Executive Officer
January 15 2010 - 8:00AM
Marketwired
Cash Minerals Ltd (TSX VENTURE: CHX)("Cash Minerals" or the
"Company") is pleased to announce that it has appointed Mr. Douglas
Currie President and Chief Executive Officer of the Company,
effective immediately. Mr. Currie replaces Mr. Greg Duras, who has
fulfilled this position on an interim basis since 14 May, 2008 and
who will resume his position as Chief Financial Officer of the
Company.
Mr. Currie, a geologist with more than 30 years experience in
the resources industry, has held senior and executive management
positions with exploration and mining companies in both Australia
and Canada and is currently Executive Vice-President, Exploration
& Development and a Director of Valencia Ventures Inc (TSX
VENTURE: VVI) and President of Gwynva Resources Management Inc, a
private mineral exploration consulting firm. Previously, Mr. Currie
was Exploration Manager, Western Australia, for Homestake Gold of
Australia Ltd and worked in the uranium industry for Pancontinental
Mining Limited in Australia and Eldorado Nuclear Ltd in Canada. Mr.
Currie has a BSc(Geol) degree from the University of New Brunswick
and has attended the Advanced Management Program at Monash
University's Mt Eliza Business School (Melbourne, Australia).
Mr. Stan Bharti, Executive Chairman of the Company, stated: "The
Board is very pleased to welcome Doug to the Company and we look
forward to working with him as we continue to develop Cash's focus
as an energy-based company. His knowledge of the uranium industry
and strong management and corporate abilities are expected to
contribute to the future growth of the Company". The Board
expresses its gratitude to Greg Duras for his contribution and
dedication to the company during recent turbulent times and wish
him continued success in his resumed role as CFO and also wishes to
thank Ms Wen Ye who filled in for Greg as CFO during his time as
President.
At this time, the Company also wishes to announce the
appointment of Dr. Sarah Palmer, PhD, as Exploration Manager. Dr.
Palmer has spent fourteen years as an Exploration Geologist and
Consultant to the Canadian mining industry, managing projects and
conducting research in Ontario, Quebec, Newfoundland and Nunavut
for a broad range of mineral commodities, including uranium, having
worked in the Thelon and Athabasca Basins on unconformity related
deposits and vein type, pegmatite and paleoplacer deposits in
Ontario and Quebec. Sarah holds a B.Sc. (Geology) degree from Saint
Mary's University, an M.Sc. in structural geology from Dalhousie
University, and a Ph.D. in geochemistry from Queens University.
About Cash Minerals
Cash Minerals Ltd is a Canadian-based energy company focussed on
uranium and coal exploration and development. The Company owns the
Division Mountain Coal Deposit and other prospective coal
properties in the Yukon, and owns a 100% interest in the Mike Lake
Gold Project, also in the Yukon.
Forward Looking Statements
Cautionary Note Regarding Forward-Looking Information This press
release contains "forward looking information" within the meaning
of applicable Canadian securities legislation. Forward looking
information includes, but is not limited to, statements with
respect to the future financial or operating performance of the
Company and its projects, the terms of the acquisition, the
financing and projected use of proceeds, exploration prospects,
requirements for additional capital and regulatory approvals.
Generally, forward looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to:
financing not being available at desired prices; general business,
economic, competitive, political and social uncertainties; the
actual results of current exploration activities; timing and
availability of external financing on acceptable terms; conclusions
of economic evaluations; competition; future prices of mineral
prices; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and other risks of the
mining industry; and, delays in obtaining governmental approvals or
required financing or in the completion of activities. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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: Cash Minerals Ltd Doug Currie President & CEO
dcurrie@cashminerals.com www.cashminerals.com
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