VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2009) - Zincore
Metals Inc. (TSX:ZNC) ("Zincore" or the "Company") is
pleased to announce its new board of directors following the Company's
Annual General and Special Meeting of Shareholders yesterday. Newly
elected to the Board were Jorge Benavides, Daniel Innes, Arnold Klassen and Roman Friedrich.
W. David Black continues as Chairman of the Company and Myron Osatenko was also re-elected. Current directors
Henry Giegerich and Rex McLennan did not
stand for re-election.
Jorge Benavides, Interim President and CEO stated, "My fellow
Board members and I are excited about working with the Zincore team to guide the Company and build on its
success. These individuals have significant experience in the mining sector
and each brings notable credentials to the Board."
"I would like to thank Rex McLennan and Henry Giegerich
for their contribution to Zincore since its
inception. Their diligence as directors during this period is
acknowledged and appreciated," commented Chairman David Black.
New Board Member Profiles
Jorge Benavides - Mr. Benavides has 30 years experience in the mining
industry. He is currently Interim President and CEO of Zincore, as well as an independent consultant and
Senior Advisor to the Chairman of Hochschild
Mining plc. He was with Hochschild from 2001
through 2008 guiding the Company's exploration programs and was
actively involved in acquisition activities. Prior to that, he spent
eight years working for Phelps Dodge Mining Company in South America, including as Exploration Manager
for the Andean Region. Mr. Benavides holds a M.Sc. in Ore Deposits and
Exploration from Stanford
University and a
B.Sc. in Geological Engineering from the Colorado School of Mines.
Dan Innes - Mr. Innes is past Chair, President and CEO of Lake Shore
Gold Corp. and remains a director of Lake Shore
and FNX Mining Company Inc. He has over 35 years experience in the
mining industry and has been involved in a number of successful junior
mining companies. Mr. Innes is also a founding principal, past director
and VP Exploration of Southwestern Resources
Corp., and a founding principal, past CEO, President and director of
Aurora Platinum Corp. He has worked in a variety of metal environments
in many parts of the world, mainly Brazil,
Peru, Chile, Argentina,
Mexico, USA, Canada,
China, and Australia.
Roman Friedrich - Mr. Friedrich is the founder of Roman Friedrich &
Company ("RFC"). Mr. Friedrich has been an investment banker
and, formerly a commercial banker, to the mining and metals industries
for over thirty years. Immediately prior to establishing RFC, he was
the Managing Director at TD Securities responsible for its global
mining M&A business. Early in his career he spent ten years at the
Chase Manhattan Bank where among other positions he was Vice President
for Latin America, President of Chase Manhattan Canada Limited, and
Managing Director responsible for North American investment banking. Later,
focusing on the mining industry, he was a partner at Burns Fry, a Managing
Director at First Chicago, a partner at Wood Gundy and a partner of
Lancaster Financial Corporation. In April 1997 he started Roman
Friedrich & Company. Over his career, he has provided advice on
acquisitions, mergers and divestitures, debt and equity funding and
project finance to numerous companies in the mining and metals
industries.
Arnold Klassen - Mr. Klassen is
a Chartered Accountant and Certified Public Accountant and has over 30
years of experience in accounting, audit and tax, including 23 years of
experience in the mining industry. Mr. Klassen
is currently president of a private consulting company, and prior to
that was Vice President of Finance for Dynatec
Corporation from 1988 to 2007. Dynatec
Corporation was a publicly traded TSX listed company from 1997 to 2007.
He held a similar position with the Tonto Group of Companies from 1984
to 1988. Mr. Klassen holds a degree in
Commerce from the University
of British Columbia
and spent seven years with KPMG prior to becoming Vice President of Finance
with the Tonto Group of Companies.
About Zincore
Zincore is a Vancouver-based mineral
exploration and development company focused on zinc and base metal
opportunities in Latin America. The
Company's strategy is to advance its 100%-owned Accha-Yanque
belt and other zinc and base metal properties toward development. Zincore holds 62,000 hectares
of concessions in southern Peru
and additional properties in Chile
and Mexico.
The Company's shares trade on the Toronto Stock Exchange under the
symbol ZNC.
Forward-looking Statements
Statements in this release that are forward looking are subject to
various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in
the Annual Information Form of Zincore dated
March 9, 2009 which is filed with Canadian securities regulatory
authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management's
best judgment as of the date hereof based on information currently
available. Zincore does not assume the
obligation to update any forward-looking statements.
|