🕐19.10.09 - 23:36 Uhr
Genco Announces Board & Management Appointments
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Re: News Releases - Monday, October 19, 2009
Genco Announces Board & Management Appointments
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October 19, 2009 - Vancouver, BC - Genco Resources Ltd (TSX: GGC) is
pleased to announce the appointments, effective immediately, of Dr.
Chris Wilson to its Board of Directors; Mr.
Nico Civelli as
Vice-President, Finance; and Mr.
Andrew Tunningley as Vice- President,
Exploration.
Dr.
Wilson has been involved with international gold, silver and base
metal exploration from grass roots through to advanced project
management for over 20 years.
He has specific expertise with epithermal
and mesothermal vein systems, and is experienced in project
acquisition, review, and valuation.
Dr.
Wilson is a Chartered Geologist
and Fellow of Australian Institute of Mining and Metallurgy, as well as
a Fellow of the Society of Economic Geologists.
As a former Exploration
Manager for Ivanhoe Mines (Mongolia), Dr.
Wilson was responsible for
management of a large exploration and advanced project portfolio.
More
recently, he worked as an Associate Principal Consultant with SRK and
SRK Exploration Services (UK).
Dr.
Wilson is currently a principal with
Exploration Alliance Ltd., a geological consultancy service.
Mr.
Civelli is a financial consultant with expertise in the natural
resources sector, and has strong associations with several European
private asset management companies.
He presently serves on the Board of
LW Emerging Markets Fund, which is a European based mutual fund.
Mr.
Civelli holds a Masters degree in Applied Finance from the University
of Southern Queensland.
Mr.
Tunningley has consulted in over 15 countries as an exploration
geologist, and has a strong background in precious and base metal vein
systems.
He is skilled in the management of advanced projects,
including the design and implementation of mapping, sampling, reverse
circulation and diamond drill programs; design and implementation of
QA/QC protocol; capture and verification of historic datasets;
administration, management of GIS databases and preparation of budgets
and cost control.
Previously, Mr.
Tunningley worked as an exploration
geologist with Ivanhoe Mines and an Associate Consultant to SRK
Exploration Services (UK).
Gencos acting CEO, Mr.
Robert Gardner, states that, "The appointments
of Dr.
Wilson and Mr.
Tunningley, collectively operating through the
geological consultancy Exploration Alliance Ltd., will benefit Genco
with access to world-class geologists and consultants.
The appointment
of Mr.
Civelli is a significant step, which demonstrates a
determination to add value for our shareholders."
Dr.
Wilson comments that, "I am extremely pleased to have been invited
to join Gencos Board of Directors.
The Exploration Alliance team
recently visited La Guitarra, and we look forward to working with the
existing Management to unlock the considerable potential that we see in
the project."
About Genco Resources Ltd.
Genco Resources Ltd.
is a publicly traded mining company focused on
developing its core asset, the producing La Guitarra silver- gold
property located in the Temascaltepec Mining District of Mexico.
La
Guitarra Mine presently consists of two underground operation centres
and a flotation mill with a proven capacity of 320 tonnes per day.
Genco aims to create solid shareholder value through increased silver
production and reserve & resource growth.
For further information, please contact:
Ms.
Jada Soomer
Manager, Corporate Communications
Telephone: (604) 682-2205 ext.
227
This news release may contain certain forward-looking statements that
involve risks and uncertainties such as statements of the Companys
plans, objectives, strategies, expectations, and intentions.
The words
"may", "would", "could", "will", "intend", "plan", "believe",
"estimate", "expect" and similar expressions, as they relate to the
Company, or its management, are intended to identify such
forward-looking statements.
Many factors could cause the Companys
actual results, performance or achievements to be materially different
from any future results, performance or achievements that may be
expressed or implied by such forward- looking statements, including
those factors discussed below and in filings made with the Canadian
securities regulatory authorities.
Should one or more of these risk
factors or uncertainties materialize, or should assumptions underlying
the forward- looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.
The Company does not
intend, and does not assume any obligation to update these
forward-looking statements.
The Toronto Stock Exchange has not reviewed the contents of this
release and does not accept responsibility for the accuracy of the
contents of this release.
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Copyright (c) 2009 GENCO RESOURCES LTD.
(GGC) All rights reserved.
For more information visit our website at
http://www.gencoresources.com/ or send mailto:
Message sent on Mon Oct 19, 2009 at 2:18:33 PM Pacific Time
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