Mr. Raynald Vezina Joins Matamec's Board of Directors
October 23 2012 - 8:48AM
Marketwired
Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the appointment of
Mr. Raynald Vezina, mining engineer, to the Board of Directors of
the Company.
Andre Gauthier, President of Matamec, says: "with this addition,
the Board has a mining engineer in its ranks. The Company is now in
the feasibility study phase for the heavy rare earths Kipawa
deposit in partnership with the Japanese company TRECan. Decisions
made by the Company in the next year about the possibility of
developing the Kipawa deposit to production will benefit from his
depth of experience in the construction and mining production of
precious and base metals and industrial minerals, such as rare
metal niobium. On behalf of the Board and shareholders, I would
like to welcome Mr. Vezina. "
Mr. Vezina obtained his degree in mining engineering from Quebec
City's Laval University in 1970. He has since then served in
several positions related to the construction and extraction of
gold, copper, zinc and niobium mines. He began his career at the
Opemiska division of Corporation Falconbridge Copper Ltd in various
positions within the engineering and operations department,
including assistant manager of the mine. In 1978, he became general
superintendent of operations and contributed to the development and
production of the Corbet Mine at the Lac Duffault Division.
From 1980 to 1988, he was appointed General Manager of Kiena
Gold Mines, owned by Falconbridge Nickel Ltd.. He was involved with
the construction and production of the mine, and the processing
plant. In 1988, he joined Cambior Inc. as Senior Vice President -
Canada. He was managing operations of 4 to 8 mines extracting gold,
copper, zinc and niobium. He participated in the evaluation,
construction and production of five new mines in Canada.
He has also conducted technical and feasibility studies of
various international mining projects. Specifically in the field of
industrial minerals, he participated in the production and
marketing of Niobec'c Quebec niobium mine, as well as the
construction of the converter niobium / Ferro-niobium and expansion
of the mine and concentrator.
Since 2004, Mr. Vezina has worked on the evaluation of several
mines and projects in North and South America as a mining engineer
consultant. Also, he has conducted the review of mining operations
and made recommendations to improve productivity and
performance.
M. Vezina is a member of the "Ordre des Ingenieurs du Quebec"
and a Fellow of the Canadian Institute of Mining. During his
career, he has held various positions in many organizations related
to mining in Canada and Quebec, including MISA from 2003-2012. He
is currently a member of the Board of Directors of the Company
Maudore Minerals Ltd. (TSX-V: MAO) since July 2012.
According to Company policies, the Board of Directors granted
400,000 stock options to Mr. Vezina at an exercise price of $ 0.16
per share for a period of 5 years. Terms as conditions of exercise
are regulated by the Stock Option Plan to purchase shares of the
Company.
About Matamec
Matamec Explorations Inc. is a junior mining exploration company
whose main focus is in developing the Kipawa HREE deposit with
Toyotsu Rare Earth Canada, Inc. ("TRECan"). Following the positive
conclusion of the PEA study filed on SEDAR in March 2012 and the
hiring of a V-P Project development and Construction, Matamec and
TRECan decided to move directly to the feasibility study. The March
2012 press release highlighted that the project has robust
economics such as: $606 million before-tax value (NPV8%), a 36.9%
before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a
before-tax payback period of 2.4 years, etc. (see press release
dated January 30, 2012).
In parallel, the Company is exploring more than 35km of strike
length in the Kipawa Alkalic Complex for rare
earths-yttrium-zirconium-niobium-tantalum mineralization on its
Zeus property.
The company is also exploring for gold, base metals and platinum
group metals. Its gold portfolio includes the Matheson JV property
located along strike and in close proximity to the Hoyle Pond Mine
in the prolific mining camp of Timmins, Ontario.
In Quebec, the Company is exploring for lithium and tantalum on
its Tansim property and for precious and base metals on its Sakami,
Valmont and Vulcain properties. As well, it is exploring for gold
together with Northern Superior Resources Inc. on the
Lesperance/Wachigabau property.
"Neither 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: Andre Gauthier President (514)
844-5252info@matamec.com www.matamec.com
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