Trading Symbol: TSXV: BMC
Shares Outstanding: 150,898,545
WINDSOR, NS, Nov. 15, 2011 /CNW/ - Buchans Minerals Corporation (TSXV: BMC) ("Buchans Minerals") or the "Company" is pleased to announce the
appointment of Donald S. MacLeod to the Board of Directors of the
Mr. MacLeod has a distinguished career within the mining industry and
the Board of Directors feel that his management, metallurgical and
strategic experience in developing large scale projects within both
senior and junior mining companies will be an invaluable asset to the
Mr. MacLeod worked with Anglo American Corporation in both their Zambian
and South African operations from the 1960's to the late 1970's and was
not only metallurgical manager of some of their largest gold mines, but
he also spearheaded the development of Anglo's Ergo project, a 2
million tonne per month tailings re-treatment project for the recovery
of gold, uranium and sulphur from the historical Witwatersrand gold
mining tailings dams. Mr. MacLeod moved to Canada in the 1980's, where
he headed up a number of junior mining companies before negotiating the
acquisition for control of Pamour Mines from Noranda and Giant
Yellowknife Gold Mines from Falconbridge, becoming the chairman of
these companies. The assets of these companies were combined to form a
200,000 oz per year gold producer. On disposing of his interests in
these companies he formed Caledonia Mining Corporation with mining and
exploration assets in a number of countries in Africa and Europe. Mr.
MacLeod stepped down from active management of mining companies in 1996
and has since focused his activities on strategic investments, with a
heavy emphasis on the mining sector.
Mr. MacLeod is a shareholder in Buchans Minerals and is keen to lend his
expertise and experience to the development of the Company's assets.
About Buchans Minerals:
Buchans Minerals is an Atlantic Canada based resource company that is
focused on exploring and developing mineral properties in New Brunswick
and the historic Buchans mining camp in central Newfoundland, Canada.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE BUCHANS MINERALS CORP.
For further information:
Buchans Minerals Corporation.
Warren MacLeod, President & CEO
Ph: (902) 472-3520
Windsor, Nova Scotia