VANCOUVER, Feb. 14 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces changes to senior
technical positions within the Company and comments on the recent entry
of Cameco Corporation, one of the world's largest uranium producers,
Mr Terry Lees has accepted the role of Vice President of Exploration. Mr Lees
obtained his Bachelor of Applied Science (Geology) from RMIT in 1978,
then a Master of Science (Geology) from the University of Tasmania in
1987, and a Master of Environment from Melbourne University in 2004.
He has over 30 years of global experience in the mining and exploration
industry. Recently he was Exploration Manager with Copper Strike Ltd,
while previously he concentrated on grassroots exploration through to
feasibility studies for gold and base metal properties.
Dr Erkki Vanhanen, who came to Mawson via Areva NC in 2010, has added Sweden to his
Nordic responsibilities and assumes the Role of Exploration Manager
Scandinavia. Dr Vanhanen graduated from a Master of Science in Geology
and Mineralogy in 1981 and completed his PhD in Geology and Mineralogy
in 2001. Both degrees were completed at the University of Oulu. Dr
Vanhanen's professional experience has primarily been in gold and
uranium exploration for 25 years including 15 years generating,
implementing and managing exploration projects in the field. He spent
3 years with Areva Resources Finland OY as Technical Director and 23
years with the Geological Survey as Finland, with a final role as
Division Manager, Bedrock and Raw Materials.
Mr Rolando Ligarda continues in his role as Exploration Manager of South America. Mr
Ligarda is a geologist with 24 years experience in exploration for
mineral deposits in Peru, Chile and Argentina, with a strong record of
discovery. He has past experience with SIMSA, Rio Tinto, Pasminco,
Buenaventura, Meridian/Yamana and Hochschild, with extensive experience
developing and organizing programs for the exploration, development and
the evaluation of mineral projects. He was part of the teams involved
in the discovery of the Yanque, Pukaqaqa, Marcapunta and Millo
Mr Mark Saxon, a co-founder of Mawson, resigns from his role as VP Exploration due to
his increased responsibilities as President and CEO of Tasman Metals
Ltd, but remains a Director of the Company.
"We are fortunate to have technical leaders of the caliber of Messer's
Lees, Vanhanen and Ligarda leading Mawson's energy and metal
exploration efforts in Scandinavia and Peru. This team will ensure
Mawson continues to explore and discover while maintaining its high
technical standards. In addition, we thank Mr Saxon for his dedicated
efforts and solid technical leadership over many years. We look
forward to his continued guidance at Board level," said Mr Hudson.
Mawson also announces that Mr. Lees has been granted stock options to
purchase up to 150,000 common shares of Mawson at $2.35 per share for a
period of three years.
In other news, the Company welcomes the entry of Cameco Corporation, one of the world's largest uranium producers into Finland via a
uranium off take agreement with Talvivaara Mining Company Plc and
upfront investment of up to US$60M to cover the construction costs of a
uranium extraction circuit investment.
"This is a generational decision in terms of uranium production for
Scandinavia" commented Mr Hudson. "Once permitted and constructed,
Talvivaara's and Cameco's uranium production will be the first in
Finland for more than 50 years. This news strongly validates Mawson's
focus as the leading uranium explorer in the region."
About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a resource acquisition and development company
with METAL and ENERGY interests.
Mawson has distinguished itself as the leading Scandinavian uranium
exploration company, with advanced projects in Sweden and Finland. As
the European Union moves to reduce its reliance on carbon-based energy
sources and continues to debate energy security, Mawson is well
positioned to provide Europe with the option to fuel its future. Areva
NC holds 9.5% of the Company and provides Mawson with a solid technical
In addition, the Company is exploring for gold and copper in the highly
prospective Cordillera of Peru, with a focus on a new gold-copper
discovery at Alto Quemado.
With a strong cash position and a multi-jurisdiction European and South
American portfolio, Mawson is ideally positioned to enhance its status
as a leader in the uranium and gold industries.
Shares Outstanding: 50,555,753. Cash: approximately C$13 million.
On behalf of the Board,
Michael Hudson, President & CEO
Forward Looking Statement. The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the
heading "Risk Factors" in the company's periodic filings with Canadian
securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement. The TSX Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
SOURCE Mawson Resources Ltd.
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