| | Published : October 03rd, 2007 | Announces New Appointments |
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Eloro Resources Ltd. PRESS RELEASE |
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Eloro Announces New Appointments
TORONTO, ONTARIO--(Marketwire - Oct. 3, 2007) - ELORO RESOURCES LTD. ("Eloro" or the "Company") (TSX VENTURE:ELO) is pleased to announce the hiring of Mr. Jeff Hussey, P. Geo., FGAC, as Vice President, Exploration and the appointment of Mr. Martin Bourgoin as Executive Vice President of Eloro.. Mr. Bourgoin has been instrumental in the Company's acquisition strategy of its James Bay and OtishMountain land holdings in the province of Quebec and leading Eloro's exploration effort. Mr. Hussey will be joining the Eloro team as Vice President Exploration, bringing over 20 years of experience in exploration and mining.
Martin Bourgoin, P.Geo, Executive Vice President
Mr. Bourgoin has more than 21 years of experience in various leading companies such as Placer Dome Inc. and Agnico Eagle Mines Ltd. He was appointed as Eloro's Executive Vice President, Exploration in February 2006. His experience includes underground and open pit mine production, geostatistical ore reserve estimation, and exploration managment. He is also involved in the preparation of National Instrument 43-101 compliant technical reports. He is the founder and President of MRB and Associates, a Val-d'Or, Quebec-based mining and exploration consulting firm. He also held the position of Chief Geologist at McWatters Mining Inc. (Sigma Mines division) where he played a leading role in the preliminary stages of defining a new geological model and gold reserves of the current open pit operation.
Jeff Hussey, P.Geo, FGAC, Vice President Exploration
Mr. Hussey has 22 years international exploration and mining experience. He started his career as a consulting geologist for Jean Descarreaux in Quebec's Abitibi Greenstone belt. During 19 years with Noranda and Falconbridge (now part of Xstrata Plc- XTA.L) he worked in exploration and production roles at Brunswick Mines, Chief Geologist at Mines Gaspe, and as Senior Geologist during the Antamina Mine startup in Peru. He was directly associated with the deep (1000m) North End Zone discovery at Brunswick and the Mt. Porphyre deposit pre feasibility study at Mines Gaspe (1700m depth). After working at Antamina Mr. Hussey worked as Senior Scientist for the Mining Technical group at the NorandaTechnologyCenter, and most recently as General Foreman - Open Pit Mines and Surface Projects at Raglan Mines in northern Quebec. His experience in exploration and mining will be beneficial in evaluating and prioritizing Eloro's portfolio of properties.
"On behalf of the board of directors and management team at Eloro, I would like to welcome Mr. Hussey to the Company, and I congratulate Mr. Bourgoin on his appointment, knowing that they both bring a proven track record in mineral exploration and strategic planning which will be put to good use on all of Eloro's current projects," stated Thomas Larsen, President and CEO of Eloro. |
About Eloro Resources Ltd.
Eloro is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay and OtishBasin districts of northern Quebec, and the Timmins Camp of northern Ontario. Eloro currently has eleven gold-copper-silver properties (807 claims) covering 410 km2 in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Prospect. Eloro also has an option to earn a 50% interest in 31 claims held by Virginia Mines Inc. Additionally, Eloro now owns 90 km2 of prospective uranium holdings in 10 properties (175 claims). The Timmins area holdings now include both the prospective Silver-Zinc-Gold Hurdman Property, and the 30 km2 McArthur Lake Nickel Property.
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For further information please contact:
Thomas G. Larsen, President and CEO or Jorge Estepa, Vice President (416) 868-9168 (tel) or (416) 361-1333 (fax)
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.
ELO - TSX Venture Exchange
52 week high/low: $1.05 - $0.34
Shares Outstanding: 43,738,888
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Eloro Resources Ltd.. | 55 Adelaide Street East | Suite 410 | Toronto | M5C 1K6 | Canada
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Eloro Resources Ltd
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EXPLORATION STAGE |
CODE : ELO.V |
ISIN : CA2899002018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eloro Res. is a gold and copper exploration company based in Canada. Eloro Res. holds various exploration projects in Canada. Its main exploration properties are HURDMAN, SIMKAR, JAMES BAY URANIUM, LEMOYNE NORTH and SUMMIT-GABBRE in Canada. Eloro Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 109.9 millions as of today (US$ 87.9 millions, € 77.0 millions). Its stock quote reached its highest recent level on March 26, 2010 at CA$ 8.80, and its lowest recent point on November 07, 2014 at CA$ 0.04. Eloro Res. has 31 040 000 shares outstanding. |
Annual reports of Eloro Resources Ltd |
Option Grants of Eloro Resources Ltd |
Project news of Eloro Resources Ltd |
Corporate news of Eloro Resources Ltd |
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10/8/2015 | Eloro Extends Rufina East and West Mineralized Zones |
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3/2/2015 | and Tartisan Resources Announce Sample Assay Results Contain... |
2/27/2015 | Eloro Resources Grants Stock Options |
2/19/2015 | Eloro Resources Completes Financing |
2/5/2015 | Eloro Resources Announces Financing |
1/29/2015 | Eloro Resources Grants Stock Options |
1/26/2015 | Eloro Resources Closes Shares-for-Debt Transactions |
12/19/2014 | Eloro Resources Announces Proposed Shares-For-Debt Transacti... |
12/9/2014 | Eloro Reports on Discovery of Polymetallic Boulders by Visib... |
9/30/2014 | Eloro Resources Announces Completion of Consolidation of Sha... |
9/23/2014 | Eloro Resources Announces Consolidation of Its Shares |
7/3/2014 | Eloro Resources Signs Definitive Agreement to Option La Vict... |
6/6/2014 | Eloro Sells Remaining Interest in the Simkar Gold Project |
10/17/2013 | (Simkar)d Mineral Resource Estimate at Simkar Gold Project |
10/17/2013 | (Simkar)d Mineral Resource Estimate at Simkar Gold Project |
9/23/2013 | (Simkar)Closes Transactions with Monarques Resources-Sells 50% Inter... |
8/8/2013 | (Simkar)Enters Into Transactions With Monarques Resources-Agrees to ... |
4/29/2011 | Appoints Director of Investor Relations |
6/5/2008 | from Eloro Resources Ltd. and NFX Gold Inc. from Streetwise ... |
4/9/2008 | Options Property to Fletcher Nickel |
3/26/2008 | Drills Significant Sulphide Mineralization at Delta Propert... |
1/30/2008 | Options Otish Uranium Properties, Announces Sale of Addition... |
12/7/2007 | Completes $3,000,000 Financing with MineralFields Group |
11/14/2007 | Announces Additional $1,000,000 Financing |
11/12/2007 | Announces Additional $3,000,000 Financing with MineralField... |
11/2/2007 | COMMENCES DRILLING AT AMELIE LAKE |
10/18/2007 | EXPANDS ITS URANIUM PROPERTY HOLDINGS IN THE OTISH MOUNTAINS... |
10/11/2007 | Updates Delta Project |
9/20/2007 | Retains AGORACOM to Provide Online Investor Relations and So... |
7/5/2007 | Acquires Otish Uranium Properties Near Strateco's Matoush Di... |
2/27/2007 | Completes $500,000 Financing with MineralFields Group |
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