TORONTO, ONTARIO--(Marketwire - April 14, 2011) - ALEXIS MINERALS CORPORATION (News - Market indicators)(OTCQX:AXSMF) ("Alexis" or the "Company") is pleased to announce the appointment of Mr. Gerald J. Thornton Jr. to the position of Vice President, Manitoba Operations.
Mr. Thornton brings over 20 years of experience managing both productivity and strategic growth initiatives for companies with operations in North America, Europe and Kazakhstan. Prior to joining Alexis, Mr. Thornton held the position of General Manager of Operations and Development for Joint Venture Inkai (JVI), a joint venture between Cameco and the Kazakstan government. At JVI, Mr. Thornton was responsible for the transition and growth of JVI from a 200/tonne year operation to a full scale, world class commercial 2000 tonne/year operation.
Previously Mr. Thornton had been both Director of European Operations and General Operations Manager for Western Retek Distributors, an equipment manufacturing company, located in Denver, Colorado and had also spent 19 years working for Cargill, Inc. most recently as a Vice President in their salt mining business unit. Mr. Thornton earned his BSc in Mining Engineering from the University of Minnesota where he also attended the Executive Program of the Carlson School of Business.
"Mr. Thornton is a results-focused executive who has successfully demonstrated his ability to manage both productivity and strategic growth initiatives. His ability to work in deadline-driven environments, combined with his expertise in team building will be instrumental in the development and success at Snow Lake", said François Perron, President and Chief Executive Officer of Alexis. "The Snow Lake, Feasibility Study N143-101 Report (December 10, 2010) projects over 80,000 ounces of annual gold production over a five year operating period, for total anticipated gold production of over 415,000 ounces of gold."
Alexis Minerals Corporation is a Canadian publicly traded mining company concentrating on exploration and mine development. The Company is listed on the Toronto Stock Exchange ("TSX") under the symbol "AMC", and trades in the United States on the Over the Counter QX International ("OTCQX") platform under the symbol "AXSMF". The Company's focus is to grow through exploration, development and acquisition of mineral properties and directly and indirectly, through joint ventures. Alexis is now in its second full year as a junior gold-producing company. The Company holds a dominant property position (over 1,050 km²) in three of Canada's richest mining camps: Val-d'Or and Rouyn-Noranda, in the Abitibi District of Québec, Canada, historically the 3rd richest gold producing region in the world; and Snow Lake, Manitoba, Canada. Alexis undertakes exploration across these properties searching for new world class discoveries, while maintaining a focus on growing Alexis to become a mid-tier gold producer.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the impact of this appointment on the Company, the timing and amount of future production, and the future financial or operating performance of Alexis and its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or 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 regarding the appointment are based on management's assessment on the date such assessments are made, based on past experience and competencies of the appointee. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company, which is available under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.