VANCOUVER, Sept. 28, 2011 /CNW/ - Sunward Resources Ltd. (the "Company"
or "Sunward") (TSXV: SWD), is pleased to announce that Ms. Brenda
Dayton has joined the Company as Director of Corporate Affairs and
Corporate Secretary, based in the corporate head office in Vancouver.
Ms. Dayton holds a Bachelor of Arts Degree from the University of
Calgary. Ms. Dayton has extensive corporate and managerial experience,
most recently with Ivanhoe Mines Ltd.
Sunward is also pleased to announce that Ms. Maria Jose Mejia has joined
the Company as General Manager for its Colombian branch - Sunward
Resources Sucursal Colombia. Ms. Mejia will be based in Sunward's
newly-opened office in Medellin, Colombia. Ms. Mejia holds a Bachelor
of Arts Degree from the University de La Sabana in Bogota and an MBA
from the European School of Economics, University of London. The
Company has also added positions of Community Relations Manager,
Manager of Finance, and a Senior Exploration Geologist, all based in
As part of this increase in staffing levels, the Company has granted
665,000 incentive stock options. The options are exercisable at $1.88
per share for a period of five years, subject to TSX-V approval.
About The Company:
Sunward Resources is a well-capitalized Canadian-based company focused
on the exploration of gold/copper porphyry projects in Colombia. The
Company has strong operational expertise in Colombia and is currently
carrying out extensive drilling at its 100%-owned Titiribi Project
southwest of Medellin. The recently-completed National Instrument
43-101 study prepared by Behre Dolbear & Company (USA), identified at
the Cerro Vetas Zone an Indicated Mineral Resource of 2.204 million
ounces of gold along with 465.9 million pounds of copper (142.94
million tonnes grading 0.480 g/t gold and 0.148% copper, using a 0.3
g/t gold cut-off) as well as an Inferred Mineral Resource of 4.078
million ounces of gold and 613.2 million pounds of copper (271.8
million tonnes grading 0.467 g/t gold and 0.102% copper, using a 0.3
g/t gold cut-off). At the Chisperos-Virgen Zone, Behre Dolbear
identified an Inferred Mineral Resource of 2.001 million ounces of gold
(100.916 million tonnes grading 0.617 g/t gold, using a 0.3 g/t gold
Sunward also owns a 100% interest in the Mande Norte (Murindo) property,
located in northwestern Colombia.
This news release contains "forward-looking information", which may
include, but is not limited to, statements with respect to the future
financial or operating performance of Sunward Resources Ltd. and its
projects. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Sunward Resources Ltd.
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
Forward-looking statements contained herein are made as of the date of
this press release and Sunward Resources Ltd. disclaims, other than as
required by law, any obligation to update any forward-looking
statements whether as a result of new information, results, future
events, circumstances, or if management's estimates or opinions should
change, or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
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 Sunward Resources Ltd.
For further information:
SUNWARD RESOURCES LTD.