• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Idaho General Mines, Inc. Announces Addition of Patrick C. Rogers As Director of Environmental and Permitting for the Mount Hope Molybdenum Project in Nevada

Posted on: Thursday, 25 January 2007, 09:01 CST

Idaho General Mines, Inc. (AMEX:GMO) is pleased to announce the addition of Mr. Patrick C. Rogers as the Director of Environmental and Permitting for Idaho General's Mount Hope Molybdenum Project in Nevada. Mr. Rogers has over 20 years of experience in the mining and mineral exploration industry. Mr. Rogers has worked extensively in the state of Nevada and is experienced in all aspects of Nevada state regulatory requirements for mining. Mr. Rogers has successfully directed and managed numerous mine permitting projects and is very knowledgeable in the areas of Environmental Impact Statements (EIS), Environmental Assessment (EA), Plan of Operations development, public scoping, contractor oversight, and agency interaction.

Mr. Rogers has most recently worked for Newmont Mining Corporation in the position as Operations Environmental Permitting Manager. Mr. Rogers previously worked with JBR Environmental Consultants, Inc., Independence Mining Company, Inc., Freeport McMoran Gold Company and various other mining companies.

Idaho General's President & CEO Mr. Robert L. Russell stated, "We have now assembled a capable management team to lead the Mount Hope permitting effort and the Company is pleased to have Mr. Rogers join our team. Mr. Rogers has the skills and leadership ability to successfully permit the Mount Hope Molybdenum Project. His Nevada experience allows him to immediately take charge on this important aspect of the project. The Company's goal is to finalize permitting of the Mount Hope Molybdenum Project in 2008, with mine operations planned to commence in 2010."

The Environmental Impact Statements (EIS) kickoff meeting was recently held at the Battle Mountain BLM office in Nevada. This meeting between Idaho General and all interested agencies set into motion the EIS development process. This meeting included the finalizing of the contractor selection for the EIS preparation. The Bureau of Land Management (BLM) has chosen Enviroscientists of Reno, Nevada to prepare the EIS.

About: Idaho General Mines, Inc.

Idaho General Mines, Inc. is a U. S. based mineral development company focused on exploration and development of molybdenum dominant projects. The Company is led by a highly-qualified technical and financial management team experienced in engineering, designing, building and operating major mines. The Company's Mount Hope Molybdenum Project, located in Nevada, is one of the largest molybdenum-porphyry deposits in the world and currently is the world's largest molybdenum project in the permitting stage.

The Mount Hope Molybdenum Project is a long-life, low-cost, high-margin project that will achieve rapid payback due to the up front high grade mineralization that will be mined in the first decade of operations with low average operating cost of $3.40/lb Mo. Total projected production at Mount Hope will be more than 1.27 Billion pounds of molybdenum over a 53-year lifetime.

The Mount Hope Molybdenum Project will be a 40,000 metric tonne per day mining operation and it is estimated that it will produce an average of 35 million pounds of molybdenum annually for the first five years of production and an average of 31 million pounds of molybdenum annually during the first 11 years of production.

Additionally, Idaho General holds the Hall-Tonopah Property, which is a large copper-molybdenum porphyry system that contains substantial proven molybdenum mineralization. This deposit is also located in the state of Nevada. Because of the close proximity of Mount Hope and Hall-Tonopah the Company anticipates reaping operational and capital benefits. Further information about Idaho General Mines, Inc. can be reviewed on the website for the Securities and Exchange Commission (the "SEC") at www.sec.gov or on the company's website at www.idahogeneralmines.com.

Statements herein which are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, the Risk Factors and other discussion contained in the Company's Form 8-K, 10-QSB and 10-KSB reports on file with the SEC. Readers are urged to review such materials for a more detailed discussion of factors that may impact these forward looking statements. The Company undertakes no obligation and has no intention of updating forward-looking statements.

Source: Business Wire

More News in this Category