Marengo Mining Limited
(ASX: MGO)
MARENGO
STRENGTHENS BOARD WITH KEY APPOINTMENTS TO FOCUS ON DEVELOPMENT OF yandera
copper-molybdenum project
Two Canadian Non-Executive Directors Appointed
Perth, Western
Australia: Marengo Mining Limited (?Marengo? or ?the Company?) is pleased to announce the appointment of Mr John Hick and
Ms Elizabeth Martin to the board as Non-Executive Directors, as the
Company progresses the development of its 100%-owned Yandera Copper-Molybdenum
Project in Papua New Guinea.
The
appointment of Mr Hick and Ms Martin, which will become effective from June 10
2008 bolsters the depth and experience of the Marengo Board and provides the
Company with an increased presence in Canada after the completion of a
fundraising, and listing on the Toronto Stock Exchange (TSX) in April of this
year.
Mr Hick has over 25
years of experience in the mining industry in both senior management positions
and as an independent director, during which he has spent the majority of his
time based in Toronto, Canada.
He is currently the
Non-Executive Chairman of Silver Eagle Mines Inc - a TSX listed mining company
- which is currently developing a silver-base metal property in Mexico.
He is also an independent director of a number of TSX (or TSXV) listed mining
companies including First Uranium Corporation, Carpathian Gold Inc, Revett
Minerals Inc. and Hudson Resources Inc, as well as ASX-listed mining company,
Tamaya Resources Limited.
Previously Mr Hick
has held board and senior management positions with a number of successful
Canadian mining companies, including Placer Dome Inc, TVX Gold Inc, Defiance
Mining Corp, Rio Narcea Gold Mines Ltd, Geomaque Explorations Ltd and Rayrock
Resources Inc.
Ms Martin is a Toronto
based, professional accountant with a strong background in international
exploration and mining companies. She has held senior management roles in base
metal and precious metal companies such as Northgate Mines Inc., Western Mining
Corporation Limited, IAMGOLD Corporation and High River Gold Mines Ltd.
www.marengomining.com
www.irasia.com/listco/au/marengo
For further information:
Les Emery
Managing Director
Marengo Mining Limited
Telephone: +61 8 9429 0000
Email: marengo@marengomining.com
Australia:
North America:
Nicholas
Read
Victoria Russell
Read
Corporate
Investor Relations ? Marengo Mining Limited
Tel: +61 8 9388
1474
Tel: +1 416 644 8680
Email: info@readcorporate.com.au
Email: investor@marengomining.com
This
news release does not constitute an offer to sell or the solicitation of an
offer to buy any ordinary shares within the United
States. The ordinary shares have not been
offered and will not be registered under the United
States Securities Act of 1933, as amended (the
?1933 Act?), or any state securities laws. Accordingly, the ordinary
shares may not be offered or sold in the United
States or to U.S.
persons (as such terms are defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws or an
exemption from such registration is granted.
About Marengo
Mining Limited
Marengo Mining
Limited (ASX & POMSoX Code: MGO, TSX Code: MRN) is an
emerging, Australian-based international metals company which is focused on the
development of its 100%-owned Yandera Copper-Molybdenum Project in Papua
New Guinea.
A Definitive
Feasibility Study (?DFS?) is currently underway on the Yandera Project
(previously reported JORC compliant Inferred mineral resource of 497 million
tonnes at 0.48% copper equivalent and an Indicated mineral resource of 163
million tonnes at 0.49% copper equivalent). The DFS is due for completion by
mid-2009.
The commencement of
the DFS follows the completion of a Conceptual Mining Study during 2007, which
confirmed the potential for a robust, long-life development of the Yandera
Project, as a significant strategic source of copper and molybdenum for world
markets.
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READ CORPORATE
Public Relations
Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8)
9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au
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