Quote:
Glass Earth gains a new director and seeks another
15 February 2012
Active gold explorer and boutique miner Glass Earth Gold Ltd (NZAX & TSX-V: GEL) has appointed a new director and has a nomination for another director.Justin Cochrane has been appointed to the board and the company said well known geoscientist and corporate developer Adrian Fleming has been nominated to become a director at the annual general meeting on April 25.Both Cochrane and Fleming are Canadian residents in Vancouver and Fleming retains a New Zealand residence and spends a lot of time on the South Island.
Cochrane is executive vice president of corporate development at Sandstorm Metals & Energy, as well as being actively involved with Sandstorm Gold and earlier worked as an executive of Canada’s National Bank Financial.Cochrane said Glass Earth Gold was going through a “transformational period” and said the company differed from other junior exploration companies, being well funded and generating cash from its placer gold operations. Excess cash from this can be reinvested into drilling hard-rock projects in New Zealand.
Adrian Fleming is a geologist with 35 years diversified experience in the mining sector and has been in teams that made gold discoveries at Porgera (Papua New Guinea), Big Bell, (Western Australia), Gross Rosebel (Suriname), Hope Bay (Nunavut, Canada) and most recently White Gold (Yukon, Canada) with Underworld Resources -- which was acquired by Kinross Gold in 2010.He is the founder and CEO of Smash Minerals, a director of Goldminex Resources, and several TSX-V listed companies."This is a great time to be invited to join Glass Earth Gold. The company is NZ's leading junior gold explorer, and in contrast to its peers has developed small scale gold mining operations which provide a cash flow to cover its fixed costs,” Fleming said.
Glass Earth Gold has licences covering more than 10,000 square kilometres on both the North and South islands and, at the end of last year had a net cash position of $C3.6 M.
I would like to see GEL hold onto 35% of the WKP area if they can, and this just needs a