Kimberly Gold Mines Announces Management Changes
Kimberly Gold Mines (PINK SHEETS:KMGM) is pleased to announce the appointment of Don Rolfe to the position of President of Kimberly Gold Mines and Kevin Shiell to the position of Chairman of the Board. Mr. Rolfe has served as Kimberly Gold Mines’ Vice President of Operations and is a mine engineer with over thirty years of mining industry experience. His career has included positions of Senior Mine Engineer, Chief Mine Engineer, Mine Foreman, Mine Superintendent and Mine Manager with several leading U.S. companies including Anaconda (TSX:ANX), Hecla (NYSE:HL), Union Carbide and Homestake. Mr. Rolfe has extensive knowledge of the mine planning and development process along with expertise related to the mining of various minerals including gold, silver, uranium, tungsten, phosphate, and bentonite clay. Mr. Rolfe will assume the duties of President on January 1st, 2008.
Mr. Rolfe’s primary focus as President of Kimberly Gold Mines will be to oversee the exploration and development of the Rescue Mine, which is in the immediate vicinity of the Kimberly Mine and the Silver King Mine, in order to deliver long-term value for Kimberly Gold Mines shareholders. Mr. Rolfe commented “We are excited about the potential for Kimberly Gold Mines and look forward to advancing the company towards production. We believe we have assembled an impressive portfolio of properties that should benefit from our satellite mining operations within the Warren Mining District and the Marshal Mountain Mining District.” Mr. Rolfe continued “Although Kevin’s day-to-day involvement will be missed by all of us; we understand and respect his decision to balance his other commitments at this stage in his life. We are pleased that he has elected to continue his direct involvement with the Company as Chairman of the Board.”
Kevin Shiell, Kimberly Gold Mines current President, will begin his new role as Chairman of the Board on January 1, 2008. Mr. Shiell has over 29 years of mining experience and is currently a mine manager with a major mining company. He has previously served as mine superintendent, mine foreman and operations manager with other mining companies in the western United States. He has extensive experience with mine construction, start-up and full production operations, as well as with safety and staffing issues.
Commenting on the planned management changes Mr. Shiell said, “Don and I are confident that our technically sound and highly qualified management team and the asset base we have in place provides the foundation for Kimberly Gold Mines’ future development and growth.” Mr. Shiell continued, “Don’s vast operational experience should benefit Kimberly Gold Mines and its shareholders as the Company moves towards production.”
Cautionary Statement
Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management, as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
About Kimberly Gold Mines
Kimberly Gold Mines is a gold exploration company targeting projects with past production histories or significant exploration work located within proven mining districts to reduce exploration risk and to take advantage of existing infrastructure. The Company’s historic properties, located in the Pacific Northwest region of the United States, include the Rescue and Kimberly Gold Mines in central Idaho, the Matthews and Compton properties along the Wenatchee Gold Belt of central Washington, and the Empire Creek Project on the Republic Graben of northeastern Washington.
Kimberly Gold Mines has contracted a consulting geologist to complete a 4343-101 report on both its Kimberly Gold Mine and Rescue Gold Mine in the Marshall Mountain Mining District of central Idaho. The Company is currently focused on the exploration and development of the Rescue Mine, which is in the immediate vicinity of the Kimberly Mine and the Silver King Mine. It is equipped with a 120-ton-per-day mill, which affords the Company the possibility of processing production from the Rescue Mine, but also processing ore from the Kimberly Mine and the Silver King Mine as well. Additional information about Kimberly Gold Mines can be found at http://www.kimberlygold.com.