VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- True Gold Mining Inc. (TSX VENTURE: TGM) ("True Gold" or the "Company") announced today that our enhanced Owner's Team delivers the full spectrum of talent and expertise in strategy, finance, exploration, operations and mine production to advance the Karma Gold Project ("Karma Project") to production and drive resource discovery at the target-rich Karma and Liguidi properties.
"We are wholly focused on growing a successful gold exploration, development and production company in West Africa, and believe that the new True Gold Owner's Team is perfectly positioned to achieve our ambitions to build and operate an open-pit, low capex, heap-leach gold mine," said Mark O'Dea, True Gold's Executive Chairman.
"As we enter 2013, we are well-capitalized, and dedicated to advancing our Karma Project and adding new resources through exploration programs to test strong, wide-spread gold mineralization at Karma and Liguidi," added O'Dea. "We are committed to delivering results and growing long-term value for our shareholders."
The new True Gold Owner's Team includes:
Mark O'Dea, Executive Chairman: Dr. O'Dea (Ph. D, P. Geo.) has created strong, well-financed companies built on high-quality projects and run by technical leaders. He has led teams that have created more than $2.5 billion in shareholder value in the last decade. He was Founder and CEO of Fronteer Gold and Aurora Energy, and Founder and Chairman of Pilot Gold and Blue Gold Mining. He was instrumental in advancing eight significant deposits through Fronteer Gold, which was sold to Newmont Mining Corp. in 2011.
Dwayne Melrose, President and CEO: Mr. Melrose (P. Geo.) has over 30 years' experience in the mining industry, ranging from early-stage exploration through to mine operations in both open pit and underground mine operations in Canada, Kyrgyzstan, USA, Kazakhstan and at the Fuwan silver deposit in China. He spent 21 years with Cameco Corporation/Centerra Gold Inc., and at the Kumtor Gold Mine, Kyrgyzstan, where he was directly responsible for the discovery of the high-grade SB Zone and development of satellite deposits.
OPERATIONS AND DEVELOPMENT
Peter Carter, COO and VP Engineering: Mr. Carter (P. Eng.) is a mine builder and operator with over 25 years' experience in the mining industry. He has had assignments in engineering, production management, project development and construction with an emphasis on open pit mining operations at the Kumtor Gold Mine, Kyrgyzstan, the Boroo Mine, Mongolia and in the Ukraine. As project manager, he oversaw permitting and feasibility studies for hard-rock and heap leach gold projects in Canada and overseas.
Steve Cole, Karma Project Manager: Mr. Cole (P. Eng.) has over 20 years experience in operations, engineering and development of mining projects. He has held leadership roles in many projects, from feasibility phase to production. He was Project Director with Aurora Energy and Engineering Manager for Fronteer Gold. He managed engineering studies and projects related to Aurora Energy's uranium project in Labrador and Fronteer Gold's gold projects in Nevada.
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