Sherwood Makes Key Appointments to Its Board & Management
April 01 2008 - 7:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SWC.DB) today
announced that it has made a number of appointments; including
Larry Bell to its Board of Directors, Brad Mercer as Vice President
Exploration and Randall Thompson as General Manager of the Minto
Mine.
"I am very pleased to be able to announce the appointment of Mr.
Bell to Sherwood's Board of Directors," said Stephen Quin,
President & CEO of Sherwood Copper. "His wealth of board,
business and financial experience, including several years as
Chairman and Chief Executive Officer of BC Hydro, will be a
tremendous asset to Sherwood as it continues to grow its production
base. Mr. Mercer's appointment as VP Exploration is in recognition
of his and his team's tremendous exploration successes at the high
grade Minto copper-gold mine, and of his increased role now that
the exploration aspects of the recently acquired high grade Kutcho
copper-zinc project will be his responsibility. The appointment of
Randall Thompson as General Manager of the Minto Mine strengthens
our team and adds a wealth of operating experience that will be
invaluable as we continue in our relentless pursuit of value for
that operation, focusing on continual improvements from the
existing operation, and implementing planned expansions resulting
from exploration successes."
Larry Bell, Director
Mr. Lawrence Bell has had an extensive career in public and
private positions. From 1987 to 1991, and from August 2001 to
November 2003, Mr. Bell was Chairman and Chief Executive Officer of
BC Hydro, one of the largest electric utilities in Canada.
Subsequent to this, he held the position of non-executive Chairman
of BC Hydro until 2007. Mr. Bell is a director of GrowthWorks
Capital, International Forest Products, Goldcorp, Shato Holdings
and Silver Wheaton. Prior to these positions, Mr. Bell was Chairman
and President of the Westar Group and Chief Executive Officer of
Vancouver City Savings Credit Union. In British Columbia's public
sector, Mr. Bell serves as Chair of the Canada Line Rapid Transit
Project and has served as Deputy Minister of Finance and Secretary
to the Treasury Board, as well a Chair of the University of British
Columbia's Board of Governors. Mr. Bell is the recipient of
numerous honours and awards.
Brad Mercer, VP Exploration
As Exploration Manager since 2005, Brad Mercer has led
Sherwood's exploration team, which is credited with discovering the
Area 2 and Area 118 high grade, copper-gold deposits at Sherwood's
Minto project. For the past 24 years, Mr. Mercer has managed
mineral exploration programs, conducted project evaluations and
participated in feasibility work for both large and small mineral
exploration companies, including U.S. Borax and Chemical Corp.,
A.C.A. Howe Inc., Royal Oak Mines Ltd. and Miramar Mining
Corporation. His work has been focused in the Americas, taking him
from Greenland to Patagonia where he has enjoyed particular success
leading teams that have opened up new exploration potential and
made new discoveries on properties that were previously considered
well explored. In addition to successes at the Minto Project in the
Yukon, Mr. Mercer is credited with the discovery of the Moly Brook
molybdenum deposit and the Unknown Brook gold deposit, both located
in Newfoundland. Mr. Mercer graduated from Memorial University of
Newfoundland in 1984 with a Bachelor of Earth Science and he is a
Professional Geoscientist registered with the Association of
Professional Engineers, Geologists and Geophysicists of the
Northwest Territories. Mr. Mercer's appointment as VP Exploration
is in recognition of his leadership of Sherwood's tremendously
successful exploration team, and his increased responsibilities now
that he will also take on the exploration aspects of the recently
acquired Kutcho Project.
Randall Thompson, General Manager of Minto Mine
Randall Thompson joins Sherwood's wholly owned subsidiary, Minto
Explorations Ltd., as General Manager of the Minto Mine. Mr.
Thompson has 20 years experience in mining operations, most
recently as Operations Manager at the Myra Falls Mine in BC. Mr.
Thompson has spent his time in the mining industry taking on
progressively more senior roles since starting as a miner at the
Campbell Mine in Red Lake, Ontario. He has excellent technical and
organizational skills and is a team builder. Mr. Thompson's
objectives will be to sustain and increase production at the Minto
Mine, as well as to evaluate opportunities for further expansions
as exploration successes are brought to account.
About Sherwood Copper
Sherwood Copper's current focus is profitable production of base
and precious metals from high grade, open pit mines in Canada.
Sherwood's first operating mine, the high grade Minto copper-gold
mine in Yukon, Canada, was built on budget and ahead of schedule.
The Minto Mine is one of the highest-grade open pit copper-gold
mines in the world, and is forecast to be a low cost producer.
Aggressive exploration on the Minto property has yielded
significant success, providing Sherwood the opportunity to 'grow
from within' by expanding the resource and reserve base,
potentially leading to further production increases. To further
accelerate its production growth, Sherwood intends to pursue merger
& acquisition opportunities that fit its business model and, in
March 2008, Sherwood acquired more than 93% ownership in Western
Keltic Mines, owner of the high-grade Kutcho
copper-zinc-gold-silver deposit in northwestern British Columbia.
Sherwood aims to repeat its successful development of the Minto
Mine at the Kutcho project.
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press
release.
Contacts: Sherwood Copper Corporation Stephen P. Quin (604)
687-7545 Sherwood Copper Corporation Brad Kopp (604) 687-7545 (604)
689-5041 (FAX) Website: www.sherwoodcopper.com
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