Creston Hires Manager of Engineering Studies
VANCOUVER, Feb. 25 /PRNewswire-FirstCall/ — Creston Moly Corp. (“Creston” or the “Company”) (TSX-V: CMS) is pleased to announce that it has hired Mr. John Harman as its Manager of Engineering Studies. Mr. Harman will be responsible on behalf of Creston for overseeing pre-feasibility and feasibility studies to be conducted on the El Creston Molybdenum Deposit.
Mr. Harman has a B.Sc. (Hons) degree in Mining Engineering from the Royal School of Mines, Imperial College, London, UK, (1973) and an M.Sc. in Hydrogeology from the University of Birmingham, UK, (1981). He is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Member of the International Association of Hydrogeologists, and of the International Mine Water Association.
Mr. Harman is currently an independent consultant specializing in mining environmental issues and operational planning. From 2001 to 2007 Mr. Harman was employed by SRK Consulting and was a director and Principal Consultant and leader of the Water Group based in its Santiago, Chile office. While with SRK he was responsible for developing and executing projects in hydrogeology and water resources and was involved with mine dewatering, water supply, leach pad, tailings dam and waste dump water management and associated geotechnical issues. He worked on key mining studies involving project feasibility study, due diligence studies and NI 43-101 assessments.
From 1998 to 2000 he was a Senior Project Manager for Water Management Consultants in Chile and Peru. He was responsible for the management of key mining water management, water supply and dewatering projects for BHP Tintaya, Antamina and Yanacocha among others.
Prior to working in South America Mr. Harman worked in Australia and in many countries in South East Asia and Africa as a consulting engineer on a broad spectrum of mining-related water and environmental projects. He has set up and managed large work programs involving cost control, financial and technical reporting, and associated public consultation processes.
Mr. Jonathan George, President of Creston stated, “Creston is delighted to have been able to retain Mr. Harman as its Manager of Engineering Studies. The many years of experience possessed by John Harman, his extensive contacts in the mining community will be invaluable as Creston moves forward with the fast track development of the El Creston Molybdenum Deposit in Sonora, Mexico.”
About Creston Moly Corp.
Creston Moly Corp. is a Canadian mineral exploration company focused on the development of the El Creston Molybdenum deposit located 135 kilometres north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe. The Creston Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade:
Category Tonnes Mo% Cu% Mo lbs Cu lbs ——– —— — — —— —— millions millions ——– ——– Indicated 92,873,000 0.083 0.060 169.9 122.8 Inferred 84,221,000 0.076 0.050 141.1 92.8 1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimates of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues. 2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. 3. The mineral resources referred to herein have been estimated in an NI 43-101 technical report (the “P & E Report”) prepared for the Company in January 2008 by independent qualified persons Eugene Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining Consultants Inc. The P & E Report is available at http://www.sedar.com/.
Luca Riccio, PhD, P. Geo, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained in this News Release.
On behalf of the Board (Signed) “Jonathan W. George” President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government, and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance, or achievements.
CRESTON MOLY CORP.
CONTACT: Mr. Jonathan George, (604) 694-0005, (604) 684-9365 (FAX),http://www.crestonmoly.com/; Renmark Financial Communications Inc.: Christine Stewart:cstewart@renmarkfinancial.com; Jen Power: jpower@renmarkfinancial.com; Media -Adam Ross: aross@renmarkfinancial.com; (514) 939-3989, Fax: (514) 939-3717;http://www.renmarkfinancial.com/