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