TSX : AUE
AIM : AUE
TORONTO, June 6, 2011 /CNW/ - Aureus Mining Inc. ("Aureus" or the
"Company") announces that Jean-Guy Martin (56) has been appointed as a
Non-Executive Director of the Company. Jean-Guy was, until his recent
retirement, a senior partner at PricewaterhouseCoopers LLP where over
the last fifteen years he held senior management and client service
leadership responsibilities at Canadian, North American and Global
levels. Jean-Guy is a certified public accountant and a chartered
accountant and is presently an independent member of the Audit
Committee of Québec en Forme, a non-profit organisation founded by the
Chagnon Foundation and the Quebec Government.
The Company also announces that David Allan Knight, a Non-Executive
Director of the Company has resigned from the Aureus Board.
David Netherway, Chairman of Aureus commented: "We welcome Jean-Guy to
the Board and look forward to tapping into his wealth of experience
from his time at PWC. On behalf of Board, I would also like to thank
David Knight for his contribution as a Non-Executive Director."
Disclosure of Directorships under Schedule 2(g) of the AIM Rules
There is no other information that is required to be disclosed with
regards to the above mentioned appointment pursuant to Schedule 2
paragraph (g) of the AIM Rules, save as set out below:
Past Directorships within last 5 years
Québec en Forme
About Aureus Mining Inc.
The company's assets include the New Liberty gold deposit in Liberia
(the "New Liberty Gold Project"), which has an estimated Indicated
Mineral Resource of 751,000 ounces of gold grading 4.17 g/t (contained
in 5,599,000 tonnes) and an estimated Inferred Mineral Resource of
762,000 ounces of gold grading 3.40 g/t (contained in 7,040,000
tonnes). A preliminary economic assessment ("PEA") of the New Liberty
Gold Project filed in December 2010 outlined a robust open pit gold
mine with a pre-tax NPV of US$234 million based on an $1100/oz. gold
price and a 10% discount rate. The PEA outlined an 8.5 year mine life
with approximate production of 100 000 ounces per year in the first
five years. The New Liberty Gold Project is being advanced through to a
definitive feasibility study.
The New Liberty Gold Project locates within the Bea Mountain mining
license which covers 457 km2 and has a 25 year, renewable, mineral
development agreement. The Bea Mountain mining license also hosts the
proximal gold targets of Ndablama, Weaju, Silver Hills and Gondoja
which are the focus of exploration programs during 2011.
The company also has gold assets within exploration properties in Sierra
Leone and Cameroon.
The Company's Qualified Person responsible for preparing this release is
David Reading, who holds a MSc in Economic Geology from University of
Waterloo, Canada and is a Fellow of the Institute of Materials,
Minerals and Mining. David Reading is the President and CEO of Aureus
Mining Inc. and consents to the inclusion in the announcement of the
matters based on their information in the form and context in which it
appears and confirms that this information is accurate and not false or
SOURCE Aureus Mining Inc.
For further information:
| Aureus Mining Inc. || Buchanan |
| David Reading, CEO || Bobby Morse / Katharine Sutton |
| Tel: +44 (0) 20 7257 2930 || Tel: +44 (0) 20 7466 5000 |
| || |
| Evolution Securities Limited || RBC Capital Markets |
| Jeremy Ellis / Neil Elliot || Martin Eales |
| Tel: +44 (0) 20 7071 4300 || Tel: +44 (0) 20 7653 4000 |