Trading Symbols: TSX-V: NGG
Web Site: www.newguineagold.ca
VANCOUVER, Feb. 4 /CNW/ - New Guinea Gold Corporation (NGG) has recently completed placements which add significant new shareholders to our register such as Skana Capital of Vancouver, and Mr Ricardo Salinas from Mexico. Mr Brian Nethery, who is an associate of these new shareholders, has agreed to join the NGG Board.
The Company has also made other changes, as from February 1, 2010, with Mr Peter McNeil resigning as a director and being replaced by Mr Wayne Johnston, presently Chief Operating Officer for NGG.
Peter McNeil has been a director of NGG for more than 14 years and was instrumental in achieving much of the company's exploration success. He is resigning to focus on his CEO/Chairman's role with Frontier Resources Ltd. We wish him well in that role.
We welcome both Bryan and Wayne to the Board. They will add significantly to both the Board's business and financial expertise and, in Wayne's case, will assist in our dealings with the PNG Landowners and Government.
Mr Maurice Gannon has joined NGG as President. He will assume management responsibility for finance, administration and budgets, (particularly as related to the Sinivit Mine) and will assist the CEO as required.
At the Sinivit Mine: Manager of Metallurgy for NGG Mark Morrison, has also been appointed as Processing Manager with responsibility for all processing functions and gold production. Luke Sendo has been appointed Chief Geologist and Douglas Ulman has been appointed Mine Superintendent. Luke and Douglas will be responsible for all geology, grade control and mining. In these roles Mark, Luke and Douglas report to Mine Manager, Eric Namaliu.
The Board welcomes Maurice, Mark, Luke and Douglas to these senior positions. Brief biographies follow:
1. Mr. Bryan Nethery, Director, graduated in Metallurgical Engineering
(UBC 1971); and an M.B.A. (UBC 1981). He is a Professional Engineer
(BC) and Member of the Canadian Institute of Mining and Metallurgy.
Mr. Nethery has over 30 years of domestic and international senior
management and metallurgical engineering experience. He has extensive
experience in all aspects of mining project development, including;
scoping studies, pre-feasibility studies, bankable feasibility
studies, metallurgical studies, valuations, and due diligence
studies, plant design, construction, commissioning and startup.
Since 2005, Mr. Nethery has been active in mining project development
and management and as a director and/or officer of various mining and
resource related companies and has been president of a private mining
company. In 2009 Mr. Nethery became President and a Director of
Frontera Copper Corporation and is currently a Consultant to Frontera
assisting in the re-start of mine operations and production at the
70M lb copper per year Piedras Verdes Mine in Mexico.
2. Wayne Johnston - Director and Chief Operating Officer, has a
successful Papua New Guinea business and mining/exploration services
background, having lived and worked in PNG for more than 40 years.
He held technical and administrative positions with
Kennecott Explorations (Australia) Ltd in Papua New Guinea, Australia
and Indonesia. From 1975 until 2003 he managed his own private
company in Papua New Guinea with interest in agriculture, radio
communications and retailing. In 1983 he entered into a joint venture
with an Inchcape Group subsidiary, Analabs, to build and operate the
first modern commercial analytical laboratory in Papua New Guinea to
service mineral exploration. He joined New Guinea Gold Limited as
Vice President Operations in 2005.
3. Maurice J. Gannon - President, BSc, FCIS, AFAIM, MAICD, holds a
Bachelor of Science Degree, a Graduate Diploma in Applied Corporate
Governance, and a Business Management Certificate. He has
professional background in earth and environmental sciences and over
twenty years experience in business and financial management.
Mr Gannon is a Fellow of the Australian Institute of Chartered
Secretaries, an Associate Fellow of the Australian Institute of
Management and is a Member of the Australasian Institute of Mining
and Metallurgy and the Australian Institute of Company Directors. He
is a Director and Company Secretary of Coppermoly Limited, an
Australian public listed company that has successfully advanced
several copper exploration projects on New Britain Island in
Papua New Guinea.
4. Mark A Morrison - Group Metallurgical Manager, and Manager
Processing Sinivit. Mr Morrison has been in the mining industry for
32 years as a metallurgist and manager in the USA, South America,
Australia, and PNG and also ran his own mining business in
North Queensland, Australia over a 15 year period. He has experience
in all aspects of mineral processing including crushing, SAG milling,
ball milling, gravity separation, CIP, CIL, heap leaching, vat
leaching, and flotation. Mr Morrison has BSc. Degrees in Mineral
Processing Engineering and Mining Engineering from the Montana
College of Mineral Science and Technology in Butte, Montana in the
USA. He is a Member of the AusIMM and the SME. Mr Morrison has been
employed at major operations including Mt Leyshon, the KCGM superpit,
and Olympic Dam amongst others. He joined New Guinea Gold in November
5. Luke Sendo - Chief Geologist, Sinivit, holds a Bachelor of Science
Degree, a Postgraduate Diploma in Education and is currently
completing a Masters Degree program in Management studies. He has 16
years experience in the mining industry including 13 years experience
as an exploration geologist working both in PNG and Indonesia and
3 years experience as Senior mine geologist.
As a geologist, Luke has been involved in grass roots exploration
work, advanced stage projects and mining. He has extensive experience
in gold bearing systems namely epithermal, high sulphidation and
porphyry systems. He has also acted as a consultant to the
East New Britain Provincial Government through the Gazelle
Restoration Authority (GRA) in regards to the "Vulnerability of East
New Britain Province to Natural Hazards" due to Geology.
6. Douglas Ulman - Mine Superintendant, holds a Bachelor of Mining
Engineering Degree and has approximately 10 years post graduate
experience including three years with NGG at Sinivit Mine
The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australasian Institute of Mining and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein.
Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca.
ON BEHALF OF THE BOARD
"R.D.McNeil" CHAIRMAN & CEO
Neither 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 NEW GUINEA GOLD CORPORATION
For further information: For further information: on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at 888-655-5532, email firstname.lastname@example.org or Judith O'Quinn at (604) 662-3598, email email@example.com or access our website - www.newguineagold.ca