Georgian Mining Corporation LON:GEO this morning announced the appointment of Mr Michael Struthers (Chief Operating Officer) to the Board of the Company with immediate effect. Mr Struthers is a Chartered Engineer with over 37 years of international mining experience. He replaces Mr Martyn Churchouse, who is stepping down as Exploration Director but will continue to work on behalf of the Company as a senior adviser focussed on business development.
Georgian Mining Corp Managing Director Greg Kuenzel said, “I would like to thank Martyn for his contribution as Exploration Director, specifically in helping put together the epithermal copper gold mineralisation model we have now adopted at KB as well as the consequent maiden resource which is now the focus for mine development and production by the JV. With his first-class track record in mine construction and optimisation, I am confident Mr Struthers’ expertise will enable GEO to transform into a development company whilst continuing to create value through continued exploration at KB and the rest of the JV licence block. This is an important milestone as we look to establish KB as a world class copper-gold asset on the prolific Tethyan Belt.”
The Board change reflects progress made at the 860 sq km licence located on the Tethyan Belt in Georgia. While exploration work continues at the Kvemo Bolnisi East Project to deliver the overall copper-gold resource target, management is in the final stages of negotiations with its joint venture partner on the project to advance the gold oxide deposit to production, utilising its partner’s neighbouring processing facilities. The appointment to the Board of Mr Struthers, an experienced project manager, will assist the Company as it makes the transition from explorer to mine developer/producer over the coming year.
As detailed in the announcement of 21 December 2017, Mr Struthers has a proven track record in mine development and management having worked as a project manager with leading global mining companies such as Lundin Mining Corporation, and on mines at various stages of development including at feasibility, construction and mine expansion phases.