Zaruma Resources Announces Resignation

TORONTO, Sept. 6, 2011 /CNW/ - Zaruma Resources Inc., (TSXV-ZMR), (the "Company" or "Zaruma") today announced that J. Robert McNair, the Chief Operating Officer of the Company working on the Company's Luz del Cobre copper project in Sonora, Mexico has resigned in order to pursue other interests. Dr. Thomas Utter, CEO of Zaruma stated that the resignation will not affect the progress of the Project. Senior personnel have been engaged and are on site, and M3 Engineering & Construction, Inc. of Tucson, Arizona and its Hermosillo, Sonora, Mexico office are already at work on the restart of the engineering, procurement and construction management aspects of the project.

The open pit, heap-leach copper cathode operation is expected to be in production by the second quarter of 2012 at a designed capacity of 7500 tonnes of copper per year.

Zaruma Resources Inc. is listed on the TSX Venture Exchange, (symbol ZMR) and the Frankfurt Stock Exchange, (symbol: ZMR). Common shares outstanding: 652,320, 285.


This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including securing additional funding.

Neither TSXVenture 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.

 

SOURCE Zaruma Resources Inc.

For further information:

Zaruma Resources Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638, www.zaruma.com

Dr. Thomas Utter
President and CEO
Tel.: +1 521 662 210 5650
thomasutter@gmx.com






Frank van de Water
CFO and Secretary
Tel.: 416 869 0772
fvandewater@on.aibn.com

Profil de l'entreprise

Zaruma Resources Inc.

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