GENERAL MOLY
APPOINTS MICHAEL A. IANNACCHIONE AS GENERAL MANAGER OF MT. HOPE
General Moly, Inc. (NYSE Amex and TSX: GMO) announced
the appointment of Michael A. Iannacchione as General
Manager of the Mt. Hope project. Mr. Iannacchione
will be primarily responsible for building the Mt. Hope operating team,
coordinating construction and start-up activities, managing local stakeholder
relationships, and ultimately managing the operation of the Mt. Hope
mine. His employment will begin May 23, 2011.
Mike joins the Company with
28 years of mining experience, predominately in Nevada. Most recently,
Mike served as Operations Manager at Goldcorp's Marigold Mine near Battle
Mountain, Nevada. In that role, Mike managed operation and maintenance
activities targeting a 55 million ton per year production rate. Prior to
that, Mike was Vice President and General Manager at the Round Mountain gold
mine located in Round Mountain, Nevada, a joint-venture between Barrick Gold Corporation and Kinross Gold
Corporation. Mike's other Nevada experience includes serving as Mine
Superintendent at the Atlas Gold Bar Mine in Eureka, Nevada, as Mine Manager at
the Robinson Mine in Ely, Nevada, and as Mine Engineer and Mine Shift Foreman
at the Bald Mountain mine in Ely, Nevada.
Mike has a B.S. in Mine
Engineering from the University of Nevada Reno as well as a substantial amount
of safety, leadership, communication and crisis management training. Mike
is active in the Society of Mining Engineers of AIME and is an inactive
Professional Engineer in Nevada.
Bruce D. Hansen, Chief
Executive Officer, said, "I am extremely pleased to have Mike join the
General Moly team. His substantial experience
in the mining industry, including startup operations, will be a great asset to
our team as we finish permitting and construct the Mt. Hope project.
Additionally, his substantial local relationships will help us continue to
build positive stakeholder relationships in the Eureka community. I am
confident that Mike will be able to build a world-class team at Mt. Hope and
transition Mt. Hope into a world-class operation."
* * * *
General Moly
is a U.S.-based molybdenum mineral development, exploration and mining company
listed on the NYSE Amex (formerly the American Stock Exchange) and the Toronto
Stock Exchange under the symbol GMO. Our primary asset, our interest in the Mt.
Hope project located in central Nevada, is considered one of the world's
largest and highest grade molybdenum deposits. Combined with our second
molybdenum property, the Liberty project that is also located in central
Nevada, our goal is to become the largest primary molybdenum producer by the
middle of the decade. For more information on the Company, please visit our
website at http://www.generalmoly.com.
Contact
Information:
Seth Foreman -
Investors
(303) 928-8591
sforeman@generalmoly.com
Zach Spencer �
Media
(775)
748-6059
zspencer@generalmoly.com
Website: http://www.generalmoly.com
info@generalmoly.com