Cornerstone Capital Resources Announces Management Changes

Cornerstone Capital Resources has appointed Terry Brace as vice president of exploration, replacing Mike Basha who will take on the role of executive vice president. Cornerstone said that Mr Basha will continue to provide it with strategic direction on new project development and related corporate initiatives.

Mr Brace is joining Cornerstone following several years with Aur Resources, latterly Teck Cominco, where as the senior exploration geologist he directed the exploration programs at the Duck Pond Mine in central Newfoundland. He was a key member of the management team that brought Duck Pond into production, having also been heavily involved in environmental and permitting aspects of the project.

Mr Brace has over 20 years of experience in mineral exploration with several major and junior companies, including Noranda, Teck, Joutel Resources, and Thundermin Resources, during which time he has worked on and/or directed projects in several regions of Canada, and in Latin America and Africa. His experience extends to base and precious metals in a wide range of deposit types plus oil and gas exploration.

Glen McKay, president and CEO, said: “We are very pleased to have attracted Terry Brace to Cornerstone. Terry is very well regarded in the industry. The breadth and depth of his experience will strengthen the company significantly in several key areas. Also, having Terry in the vice president of exploration role will permit Mike Basha to concentrate on strategic initiatives.”