Sherwood Copper Appoints Kevin Weston as Chief Operating Officer
January 16 2008 - 1:35PM
Marketwired Canada
Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
announced the appointment of Kevin Weston as Chief Operating Officer,
responsible for all operational activities of the Company.
"The addition of Kevin Weston as Chief Operating Officer significantly enhances
our ability to pursue growth opportunities for Sherwood Copper, internally and
externally," said Stephen Quin, President & CEO. "Kevin brings a tremendous
amount of operating experience in a wide variety of operating environments to
Sherwood. His experience will be a great asset as we look to continue the value
enhancement of our high grade Minto copper-gold mine in the Yukon through
further expansions in reserves and production and, should our offer for Western
Keltic be successful, in the advancement of the Kutcho Creek project in British
Columbia."
Appointment of Chief Operating Officer
Kevin Weston has been appointed Chief Operating Officer with Sherwood Copper,
effective immediately. Kevin's career encompasses 25 years of operating
experience, most recently as Vice President & General Manager with Breakwater
Resources, responsible for the Myra Falls base metal mine in British Columbia.
Prior to that, Kevin's experience includes periods leading a contract mining
company, as a mining consultant and, most importantly, extensive experience in
mining operations, including managing gold and base metal mines in Canada and
abroad, in open pit and underground settings. These leadership positions built
on prior experience as mill superintendent, mine superintendent, mine foreman,
blasting engineer and mining engineer at a number of mining operations with
senior and junior mining companies.
Kevin will primarily be focused on Sherwood's "relentless pursuit of value"
through the on-going optimization and expansion of the Minto Mine, the
advancement of the Kutcho Creek property in BC, assuming Sherwood's offer for
Western Keltic (see press release dated November 26, 2007) is successful, as
well as other external growth opportunities.
Minto Project
The Minto Mine encompasses a high-grade open pit copper-gold deposit located in
the Yukon Territory of Canada. Sherwood acquired the Minto project in June 2005
and, in just two years from its acquisition, completed a bankable feasibility
study, arranged project financing, and built a $100 million open pit copper-gold
mine. Commercial production commenced on October 1, 2007. In parallel with these
development activities, Sherwood has been running an exceptionally successful
exploration program that has resulted in multiple discoveries of high grade
copper-gold mineralization across its Minto Mine property.
Sherwood
Sherwood's successful consolidation of the ownership of the Minto Project
provides a unique investment opportunity - participation in a high-grade, open
pit copper-gold mine located in Canada with tremendous exploration potential on
the property.
Additional Information
Additional information on Sherwood and its Minto Project can be obtained on
Sherwood's website at http://www.sherwoodcopper.com.
On behalf of the board of directors
SHERWOOD COPPER CORPORATION
Stephen P. Quin, President & CEO
This news release may contain forward looking statements which are not
historical facts, such as ore reserve estimates, anticipated production or
results, sales, revenues, costs, or discussions of goals and exploration
results, and involves a number of risks and uncertainties that could cause
actual results to differ materially from those projected. These risks and
uncertainties include, but are not limited to, metal price volatility,
volatility of metals production, project development, ore reserve estimates,
future anticipated reserves and cost engineering estimate risks, geological
factors and exploration results. See the Company's filings for a more detailed
discussion of factors that may impact expected results.
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