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Batero Gold Corp

Published : December 14th, 2011

Announces Appointment of Dr. Darryl Lindsay to Senior Vice President and Director

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Keywords :   Colombia | Copper |

Batero Gold Announces Appointment of Dr. Darryl Lindsay to Senior Vice President and Director

 Batero Gold Corp. (TSX-V: BAT) is pleased to announce Dr. Darryl Lindsay has been appointed Senior Vice President of the Company and President of the Company's wholly owned Colombian subsidiary, Minera Quinchia S.A.S. Dr. Lindsay has also been appointed to the Board of Directors of the Company effective immediately.

�As we have moved into a brownfields development plan, Dr. Lindsay's extensive experience will facilitate the early development of the Batero-Quinchia project.� said Brandon Rook, President and CEO.
 
"Dr. Lindsay's success in the development, management and completion of major mineral development projects in South America identifies him as the ideal leader entering into the next phase at the Batero-Quinchia project," said Mr. Rook. "His demonstrated ability to direct major resource development programs, in all their geological, social and environmental responsibilities, enhances the confidence of all of us engaged in the efforts to identify a world-class gold and copper deposit at the Batero-Quinchia project."

In order to accommodate the appointments of Dr. Lindsay, Mr. Rafael Alfonso Roa has resigned as a Director of the Company and also as President of the Company's wholly owned subsidiary in Colombia, Minera Quinchia S.A.S.

�We are pleased that Dr. Lindsay has accepted this senior position and taken on these responsibilities to assist our transition from a successful exploration company to an exploration and development company starting in 2012� said Mr. Rook.

Brandon Rook, President and CEO states, �We thank Mr. Rafael Alfonso Roa for his leadership and as one of the Company�s founders leading the exploration team to significant success in a short period of time. The change today is consistent for the long term plans of Mr. Rafael Alfonso Roa to focus his strong efforts on initial identification and exploration of Greenfield projects and on Corporate Social Responsibility (CSR) initiatives.�

The Company is poised to achieve its first major milestone, that being publishing its first resource estimate that has spanned approximately 18 months from company inception, through a phase 1 field exploration program followed by the completion of a 55,755 metre diamond drill program.

Following the publication of the initial mineral resource estimate in January, 2012 the Company will continue aggressively developing the project by immediately initiating a Preliminary Economic Assessment (PEA). The work program will include additional metallurgical studies on representative samples from each deposit area for both higher grade near surface oxide zone mineralization and primary sulphide associated mineralization in order to determine an optimal mining process flow sheet, infill drilling of the mineralized centres discovered during the 2011 drill program, as well as an orientated drill program for geotechnical and hydrogeological models to support pit slope designs, and  a mine infrastructure location study.

Simultaneously, the Company will build upon 2011�s successful field exploration and diamond drill program by strategically expanding the near and at surface higher grade gold mineralization at La Cumbre porphyry that remains open in all directions, and the Company will define the size and extent of the near surface high grade gold epithermal mineralization in and adjacent to the Amarilla Structural Corridor, which is contiguous to the eastern boundary of La Cumbre porphyry.   This high priority target is over 3 kilometres in length, ranges from 200m to 400m wide, and strikes NNW-SSE across the Company�s tenement.  Further to defining the higher grade gold oxidation zone, in 2012 the Company will test the continuation of this mineralized horizon to the east beyond the eastern contact of La Cumbre porphyry past the Amarilla Structural Corridor to an under explored area called El Cedral. Initial prospecting in this area confirms an extensive oxidation horizon with anomalous gold-in-soil anomalies.

The Company will continue to evaluate all data received from the 2011 diamond drill program to finalize a focused follow-up drill program both to expand the initial resource and to work towards defining future mineral reserves.  The areas to be included are the Matecana porphyry target in the south, La Cumbre porphyry, the El Centro Zone and the Dos Quebradas porphyry in the north; these mineralized centres occur within an area of an approximate and continuous N-S strike length greater than 2.8 kilometres by 1.5 kilometres E-W. 

The substantive work completed during 2011 coupled with an efficient, targeted and systematic diamond drill program in 2012 (as described above) and a comprehensive phase 1 field exploration program on additional unexplored high priority and prospective exploration targets located immediately adjacent to the current project area (over 50% of the project area is yet to undergo phase 1 field exploration), the Company anticipates it will significantly further the overall project size and deposit potential in 2012.
Kieran Downes, Ph.D., P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release.
 
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
 
Brandon Rook

Data and Statistics for these countries : Colombia | All
Gold and Silver Prices for these countries : Colombia | All

Batero Gold Corp

EXPLORATION STAGE
CODE : BAT.V
ISIN : CA0705051021
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Batero Gold is a gold exploration company based in Canada.

Its main exploration property is BATERO QUINCHIA in Colombia.

Batero Gold is listed in Canada. Its market capitalisation is CA$ 5.2 millions as of today (US$ 3.8 millions, € 3.4 millions).

Its stock quote reached its highest recent level on March 04, 2011 at CA$ 6.57, and its lowest recent point on March 08, 2024 at CA$ 0.02.

Batero Gold has 115 182 383 shares outstanding.

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Financings of Batero Gold Corp
11/2/2012Announces Private Placement of $17.8 Million at 46% Premium ...
4/30/2012Closes $6.3 Million Special Warrant Financing
4/16/2012Announces Upsize to Proposed Special Warrant Financing for G...
11/28/2011Announces Closing of C$7.2 Million Bought Deal Private Place...
Option Grants of Batero Gold Corp
2/21/2011Grants Options
Nominations of Batero Gold Corp
6/29/2012Announces Appointments to Advisory Board and Director Resign...
6/28/2012Appoints Leonard (Len) Harris to Board of Directors
12/14/2011Announces Appointment of Dr. Darryl Lindsay to Senior Vice P...
10/5/2011Appoints Dr. Darryl Lindsay as Chief Operating Officer
Project news of Batero Gold Corp
9/13/2012Expands Higher Grade Core of Oxidized Gold Mineralization at...
7/26/2012Reports Additional Metallurgical Results from La Cumbre Depo...
7/20/2012Commences Drill Program at La Cumbre Deposit
7/18/2012Announces Work Program to Assess Development of La Cumbre De...
3/22/2012Reports Preliminary Oxide Resource Potential and Metallurgic...
2/27/2012Initial 43=2D101 Resource Estimate
1/13/2012RELEASES FINAL DRILL RESULTS FROM 55=2C755 METRE DRILL PROGR...
12/15/2011Extends Mineralization
12/13/2011secures 100 percent ownership of surface rights in immediate...
12/7/2011Drill Results News Release
9/16/2011Drills Vertical Hole Intersecting 751.00 metres Grading 0.54...
5/10/2011Completes 100% Acquisition of Two Historic Gold Mines on Bat...
4/1/2011PDAC- Toronto March 2011 - Batero-Quinchia Project Colombia ...
3/7/2011(Batero Quinchia)Intersects 460.00 Metres Grading 0.70 g/t Gold and 0.12% Cop...
2/17/2011(Batero Quinchia)Intersects 519.70 Metres Grading 0.80 G/T Gold and 0.14% Cop...
2/11/2011Initiates Preliminary Metallurgical Testing on the Batero-Qu...
Corporate news of Batero Gold Corp
12/1/2015Batero Gold Corp. Appoints Juan David Uribe as Chairman
11/6/2015Batero Gold Corp. Closes Private Placement With CB Gold
10/15/2015Batero Gold Corp. Appoints Mr. Felipe Ferraro as President a...
10/8/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. Pur...
10/6/2015Batero Acquires All CB Gold Common Shares Deposited to the B...
9/24/2015Batero to Acquire All Shares Tendered to Its Superior Offer ...
9/18/2015Batero Remains Committed to Its Superior Offer and Extends B...
9/15/2015Batero Bid Remains the Best Option for CB Gold Shareholders
9/15/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/12/2015Red Eagle's Allegations Dismissed by BCSC -- Batero's Bid Re...
9/9/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/9/2015Batero Mails Increased Offer to Acquire CB Gold and Acquires...
9/8/2015Batero Announces Entering Into of a Letter of Intent for Pro...
9/5/2015Batero Significantly Raises Offer to Acquire CB Gold
9/4/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/1/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/27/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/25/2015Batero Gold Corp. Reaffirms Superior Proposal to Acquire All...
8/25/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/21/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. Thr...
8/12/2015Batero Gold Corp. Commences Offer To Acquire CB Gold Inc.
8/11/2015Batero Gold Corp. Commences Offer to Acquire CB Gold Inc.
7/24/2015IIROC Trading Resumption - BAT
7/24/2015Batero Gold Announces Friendly Acquisition of CB Gold
7/24/2015IIROC Trading Halt - BAT
7/9/2015Batero Samples 2.64 g/t Au in La Cumbre Oxide
3/24/2015Investors See A Silver Lining In Europe's Plain Packaging La...
3/1/2015Batero Provides Exploration and Corporate Update
1/28/2015Batero Reports Results of Oxide Sampling Program
12/18/2014Batero Provides Corporate Update
6/3/2014Batero Provides Corporate Update
4/8/2014Batero Launches Corporate Shared Value Alliance Program In Q...
11/5/2013Announces Preliminary Economic Assessment for the Batero-Qui...
10/2/2013Receives Confirmation of Registration of Concession Contract
9/19/2013Provides Corporate Update
9/19/2013PRESIDENT AND CEO STEPS DOWN
6/18/2013to Commence Drilling On Two New Oxide Targets at La Cumbre
5/14/2013Provides Corporate Update
3/21/2013Releases 2012 CSR Report=2C Outlines Key Programs Integral T...
1/7/2013Announces Conversion of Subscription Receipts and New Board ...
7/5/2012Adopts Shareholder Rights Plan
6/18/2012Announces Receipt for Final Prospectus for the Qualification...
5/15/2012Clarifies Technical Disclosure
3/14/2012Files NI 43=2D101Technical Report and Announces 2012 Plans
3/14/2012Files 43=2D101 on Sedar and Provides Update
1/18/2012in Globe and Mail Newspaper + Presentation Invitation
1/16/2012Concession Agreement Confirmation
10/12/2011Reports Further Drilling Results from Batero-Quinchia Projec...
8/30/2011Reports Further Drilling Results from Batero-Quinchia Projec...
5/19/2011Drills Deepest Mineralized Intercept to Date in Vertical Hol...
5/5/2011Provides Corporate Update
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