Lake Victoria Mining Company, Inc.: African Gold Exploration Company Appoints Renowned Geo as New President and CEO
27 June 2008 - 11:15PM
Marketwired
GOLDEN, COLORADO has appointed Dr. Roger Newell as president,
chief executive officer and director of the company, effective
immediately. His extensive experience both in the field and the
boardroom are a tremendous asset as Lake Victoria Mining Company
looks to expand and develop in the gold resource industry.
Dr. Newell is renowned internationally for recognizing the
potential of the Carlin Trend in Nevada. Under his direction
Newmont Mining Company reestablished exploration programs in
Nevada, which ultimately lead to Newmont Mining becoming the 2nd
largest gold producer in the world with gold operations yielding
over 1,000,000 ounces per year. He holds a M.Sc. from the Colorado
School of Mines and a Ph.D. in mineral exploration from Stanford
University, and has more than forty years of experience in the
mining industry.
Most recently, Dr. Newell joined the management team of
Kilimanjaro Mining Company, Inc. (www.kilimanjarominingcompany.com)
a private company involved in the acquisition and exploration of
highly prospective resource properties in Tanzania, East
Africa.
Roger Newell served as Vice President-Development and a Board
Member of Capital Gold Corp (CGLD) from 2000 to 2007. As such he
was responsible for much of Capital Gold's engineering and business
development at El Chanate Gold, Mexico and continues to serve on
Capital Gold Corp's Board of Directors. He also served as President
(2000 to 2006) of Capital Gold's Mexican subsidiary, Minera Santa
Rita.
Prior to his time at Capital Gold, he served as Exploration
Manager/Senior Geologist for the Newmont Mining Company;
Exploration Manager for Gold Fields Mining Company; and Vice
President-Development, for Western Exploration Company.
ABOUT THE COMPANY
Lake Victoria Mining Company, Inc. is a gold exploration stage
company focused on acquiring and exploring potential gold mineral
deposits or reserves in Tanzania, East Africa. Tanzania produced
1.75 million troy ounces of gold during 2007 and is the 3rd largest
gold producer in Africa. Lake Victoria Mining Company, Inc.
currently holds a Mineral Property Purchase/Option Agreement with
Uyowa Gold Mining and Exploration Limited (Tanzania) owned by Geo
Can Resources Company Limited (Tanzania) a subsidiary of
Kilimanjaro Mining Company, Inc. of Nevada
(www.kilimanjarominingcompany.com). Under the terms of the
agreement Lake Victoria is entitled to acquire up to an 80%
interest in and to the Kalemela prospecting license (PL2747)
located in the world famous Lake Victoria Greenstone Belt and
consisting of 70.72 square kilometers. Kilimanjaro Mining Company,
Inc. holds 3,000,000 shares (over 17%) of the issued and
outstanding shares of Lake Victoria Mining Company, Inc.
For further information investors should review the Company's
filings that are available at:
http://media3.marketwire.com/r/627lvcafilings.
Disclaimer
This news release may contain forward looking statements,
relating to the Company's operations or the environment in which it
operates, which are based on Lake Victoria Mining Company Inc's
operations, estimates, forecasts and projections. These statements
are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or beyond Lake
Victoria Mining Company Inc's control. A number of important
factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Consequently, readers should not place undue reliance
on such forward-looking statements. Lake Victoria Mining Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contacts: Lake Victoria Mining Company, Inc. Dr. Roger Newell
(303) 526-5100 Email: info@lvcamining.com
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