GoldSands Development Company (OTCBB: GSDC) (OTCQB: GSDC) is
pleased to announce the appointment of Mr. Rafal Swiecki as the
Company's Vice President of Production.
Mr. Swiecki graduated as a geological engineer from Polytechnic
School of Montreal, Quebec, Canada. For the past 25 years, he has
specialized in the exploration and exploitation of various alluvial
gold and diamond deposits.
In 1987, he joined the Guyana Geology and Mines Commission as
Senior Geologist, to plan and conduct the Mid-Mazaruni Diamond
Exploration Project. This project established the diamond reserve
amounts and locations within the Mazaruni River system and its
tributaries.
In 1988, as part of the Homestake Mining Company's exploration
activity in Guyana, he was in charge of field activities in the
Akaiwang area, a primary gold project.
From 1989, he was the exploration and development manager of M.
C. Correia Holdings Co.; a private alluvial gold and diamond mining
company in Guyana, which became the top country private gold
producer during following years. Later, he managed the development
of a primary/alluvial gold mining operation in the province of
Bolivar, Venezuela.
From 1999 to 2002, as exploration manager of Ascendent
Exploration Co., he located, explored and operated over 500 km2 of
alluvial gold concessions on the Napo and Arajuno rivers (Ecuador).
Later, the company became the holder of a major copper deposit in
Ecuador.
From 2004 to 2007, he explored alluvial diamond deposits in
Democratic Republic of the Congo, for SouthernEra Diamonds; a
publicly-traded Canadian company. As result, the company acquired
large alluvial diamond deposits in the Tshikapa and Mbuji Mayi
areas, the properties of which were later acquired by Mwana Africa
PLC from Republic of South Africa.
From 2008 to 2011, Rafal evaluated several privately held
alluvial gold/diamond deposits and managed the start up of the
resulting alluvial mining operations for various investors.
Mr. Swiecki is now in charge of monitoring and advising on
GoldSand's initial gold production test mining project currently
being conducted in association with Swiss Mining SA. This test
production is taking place within the 2.5 square kilometer area of
the recent 100-hole drill program. This test production program is
expected to continue for several months, during which time various
production methods will be assessed in order to maximize yields, as
well as to help develop larger capacity recovery systems that
should enable the processing of an increasing volume of alluvial
material.
GoldSands CEO Michael Stocker remarked:
"We are very pleased to welcome Mr. Swiecki, as the newest
member of our production team. He has extensive background in the
exploration, delineation, and development of alluvial deposits in a
variety of locales across the globe, as well as in the terrain
along the upper Amazonian watershed. We believe that the skills Mr.
Swiecki has developed will be quite helpful as our company
continues its test production operation, and as it increases its
knowledge of the alluvial deposits located within the boundaries of
our GoldSands properties."
About GoldSands Development Company
The Company's goal is to fully develop our Peruvian GoldSands
project. The Company's GoldSands project in Peru consists of
options on 461 square kilometers (178 square miles) of mining
property, the largest such block in the district. For thousands of
years, the waters of the Santiago and the Maranon rivers have been
carving their way through the gold-rich mountain canyons of the
Andes, carrying off gold and depositing it in the loose gravels and
sands - GoldSands - in the area the Company now controls.
Results from test holes drilled during GSDC's exploratory drill
program indicate the presence of alluvial gold. While the results
from the drill programs and initial results of the ongoing test
mining production are favorable, the Company cautions that these
results do not indicate the presence of a commercially viable
mineral deposit and an extensive amount of further exploration is
needed to determine the full feasibility of the project. The
Company can provide no assurance that its Peruvian GoldSands
project will contain an economically viable mineral deposit. The
Company has signed an agreement with Swiss Mining S.A. to begin a
test mining production program within the 2.5 square kilometer area
of the recent 100-hole drill program.
The Company has completed a social baseline study involving a
series of meetings with local residents and other stakeholders in
the region. We intend to work in an equitable, transparent, and
socially responsible manner with local communities, suppliers and
employees. We will act as stewards of the local and regional
ecological systems, behaving in an environmentally responsible way,
leaving a minimal "footprint" as a result of our operations. Our
company is working towards building trust and sustaining
relationships that go well beyond mining operations.
The full implementation of these programs will require the
Company to secure additional financing.
Further information about GoldSands Development Company may be
found at: www.goldsandsco.com.
On behalf of the Board:
Dr. Michael Stocker - CEO
GoldSands Development Company
Disclaimer
This release contains forward-looking statements that are based
on beliefs of GoldSands Development Company management and reflect
GoldSands Development Company's current expectations as
contemplated under section 27A of the Securities Act of 1933, as
amended, and section 21E of the Securities and Exchange Act of
1934, as amended. When we use in this release, the words
"estimate," "project," "believe," "anticipate," "intend," "expect,"
"plan," "predict," "may," "should," "will," "can," the negative of
these words , or such other variations thereon, or comparable
terminology, are all intended to identify forward looking
statements. Such statements reflect the current views of GoldSands
Development Company with respect to future events based on
currently available information and are subject to numerous
assumptions, risks and uncertainties, including but not limited to,
risks and uncertainties pertaining to development of mining
properties, changes in economic conditions and other risks,
uncertainties and factors, which may cause the actual results,
performance , or achievement expressed or implied by such forward
looking statements to differ materially from the forward looking
statements. The information contained in this press release is
historical in nature, has not been updated, and is current only to
the date shown in this press release. This information may no
longer be accurate and therefore you should not rely on the
information contained in this press release. To the extent
permitted by law, GoldSands Development Company and its employees,
agents and consultants exclude all liability for any loss or damage
arising from the use of, or reliance on, any such information,
whether or not caused by any negligent act or omission.
Contacts: GoldSands Development Company Investor Inquiries:
North America Toll Free: 800-215-0811 Direct Dial: 360-339-7309
info@goldsandsco.com. www.goldsandsco.com
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