VANCOUVER, April 20 /CNW/ - LAGASCO CORP. ("Lagasco" or the "Company") is pleased to announce the appointment of Lawrence A. Dick, Ph.D, P.Geo, to its Advisory Committee. The Company also announces the grant of incentive stock options to its directors, officers and consultants.
Lawrence Dick is a geologist with over 35 years experience in the mining and exploration industries, specializing in gold and copper exploration in many parts of the world, both with major, and junior companies. Of particular relevance to Lagasco's Anchaca Project in Peru, currently under option with Exploraciones Cori Condor SAC ("ECC"), Lawrence spent more than twenty years carrying out gold and copper exploration in the South American Andes, primarily in Chile, Peru, and Bolivia. While based in Santiago, Chile where he was Exploration Manager for Chevron Minerals, Lawrence participated in the discovery of the Can Can gold deposit and the giant Collahuasi copper porphyry deposits. At Collahuasi, he was appointed Director of Exploration and oversaw all aspects of the project exploration and development for a period of eight years. During this time, the Ujina deposit was discovered, and the entire project taken from exploration to development. Collahausi is now one of the world's largest copper producers. Lawrence has also participated in the discovery of the Golden Bear gold deposit in British Columbia. He has participated in the start-up of numerous junior companies, including Evolving Gold, Copper One, and others, is a full member of the Society of Economic Geologists, and has numerous publications in refereed journals.
Leigh Freeman, Lagasco CEO commented: "We are extremely pleased with Lawrence's decision to join the Lagasco Advisory Committee. Lawrence is a world-renowned geologist who brings a wealth of experience to our Anchaca project in Peru, and who can help with our goal of creating value by leveraging solid talent to achieve the Company's discovery objectives. He will join Bernie Bernstein on Anchaca, who also has spent most of his career exploring, discovering, and developing gold and copper deposits in the Chilean and Peruvian Andes. Mr. Bernstein, a principal of ECC, is well-known throughout the geological community for his intimate knowledge of the region's economic geology, and his successful discovery record in Chile's Maricunga Basin."
The newly-formed Advisory Committee will consult with the Lagasco Board of Directors and management on the development of the Company's projects, beginning with the Anchaca Property in Peru. The Committee will be comprised of leading experts in the technical, commercial and financial fields, who can contribute to the advancement of Lagasco's projects.
Incentive Stock Options
The Company announces that the Board of Directors has granted incentive stock options to purchase up to 3,000,000 common shares of the Company at a price of $0.15 per share for a period of five years to its directors, officers, and consultants.
The grant of the stock options is subject to the approval of the TSX Venture Exchange.
About Lagasco Corp.
Lagasco is a newly constituted minerals exploration company with a focus on discovery of large precious and base metal mineral systems in stable political terrains, and value creation by leveraging known talent to achieve the Company's goals. Lagasco is traded on the NEX board of the TSX Venture Exchange. The acquisition of an interest in the Anchaca Property will form the basis of the Company's application to graduate to the TSX Venture Exchange as a Tier 1 or Tier 2 listed company.
Neither the 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.
SOURCE LAGASCO CORP.
For further information: For further information: D. Barry Lee, Chairman, (604) 689-8336