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THUNDER BAY, ON, July 20, 2015 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to announce that Mr. Ron Little has agreed to join the Company's Board of Directors. Ron brings to Premier a strong history in corporate development, mine development and project finance experience.
Mr. Little is currently President and CEO of Orezone Gold Corporation, a company focused on the exploration and development of the Bomboré Gold Project in Burkina Faso. Ron was founder, President and CEO of Orezone Resources Inc. (1995-2009) that delineated, developed, permitted and arranged a $330M debt facility for Essakane, the largest gold mine in Burkina Faso that was subsequently taken over by Iamgold Corp. (2009) in a deal worth $350M. Orezone Gold Corporation was created as a spin-out of that transaction in order to develop Bomboré. Orezone has the most successful discovery track record in Burkina Faso with over 12Moz to its credit.
Prior to Orezone, Mr. Little was influential in the success of several exploration and development companies and projects including the Golden Patricia Mine near Red Lake Ontario. Golden Patricia was a high-grade narrow vein underground gold deposit that operated at a head grade of 20 g/t. Mr. Little was a key member of the senior management and technical team overseeing all aspects from discovery through construction and several years of operations that encompassed geology, mining and mine management.
Mr. Little holds a Bachelor of Science in Engineering (Geology/Mining) from Queen's University in Kingston (1985).
Ewan Downie, Premier's President and CEO said today that, "Ron brings to Premier a broad set of skills and expertise ranging from exploration to mine development and project financing. His experience with both underground and open pit mining operations will be important as Premier advances its portfolio of projects toward development".
Premier Gold Mines Limited is one of North America's leading exploration and development companies with a high-quality pipeline of gold projects focused in proven, safe and accessible mining jurisdictions in Canada and the United States. The Company boasts a treasury of $90 million in cash and investments and has no debt.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
SOURCE Premier Gold Mines Limited
For further information: Ewan Downie, President & CEO, Phone: 807-346-1390, Fax: 807-346-1381, e-mail: [email protected], Web Site: www.premiergoldmines.com