US Symbol: ECNRF
VANCOUVER, Feb. 7, 2012 /CNW/ - El Condor Minerals Inc. ("El Condor" or the "Company") in pleased to announce the appointment of Donald Baker, PhD, PGeo, as its Project Development Manager for the Horden Lake Copper Project, Quebec.
Dr. Baker has 34 years of experience in the exploration, management and evaluation of mining and exploration projects. He has held senior management and executive positions with a number of major companies including Royal Gold, one of the premier royalty companies, Homestake Mining, now a part of Barrick Gold, and Climax Molybdenum Company (AMAX, Inc), now part of Freeport McMoran.
Dr. Baker is a specialist on mining due diligence/opportunity analysis, finance and economics, and senior project management. He has worked extensively on exploration and development projects, including financing, in the US, Canada and Mexico as well as numerous European and African countries. He earned a PhD in Geology from the University of Georgia and holds an MBA from the University of Colorado-Denver. Dr. Baker is a Qualified Professional (Geology and Ore Reserves), certified by the Mining and Metallurgical Society of America.
Leigh Freeman, El Condor CEO commented: "We are extremely pleased with the appointment of Dr. Baker as Project Development Manager for Horden Lake. Don is an internationally-recognized geologist and resource analyst who has been involved in the development of important mineral properties globally and who has relationships with institutional-grade investors in North America, Europe and Asia. His diverse experience in project evaluations, acquisitions, and corporate development will have particular value to El Condor, and we expect his experience, judgment and leadership at Horden Lake will be most valuable in achieving our goals."
The Company is also pleased to report the release from escrow of all consideration pursuant to the Horden Lake transaction with Quetzal Energy Ltd. All rights and title to the purchased Horden Lake mineral claims have now been transferred to El Condor Minerals and registered with the Ministère des Ressources naturelles et de la Faune du Quebec (Quebec Ministry of Resources).
About El Condor Minerals Inc.
El Condor Minerals Inc. is a minerals exploration company focused on the discovery and development of large precious- and base-metal mineral systems in stable political jurisdictions. Currently the Company is developing the Horden Lake Copper Project, an advanced exploration stage copper-nickel deposit in Quebec. Additional information on El Condor, its properties and exploration and development activities is available at the Company's website: www.elcondorminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Leigh W. Freeman"
President & CEO
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.
For further information:
please contact the Company at (604) 689-8336 (ext 103) or [email protected]