AZX 0.00% 28.0¢ auzex resources limited

GGG Resources plc(the "Company" or "GGG")24 March 2011GGG...

  1. 150 Posts.
    GGG Resources plc

    (the "Company" or "GGG")

    24 March 2011

    GGG commences establishment of a technical team to develop Bullabulling

    a. Technical Sub-Committee of the board appointed - led by Michael Short

    b. John Barton and Mark Pitt appointed as engineering consultants

    Western-Australian mining exploration and development company GGG Resources plc
    (AIM: GGG) is pleased to announce the appointment of a Technical Sub-Committee
    to co-ordinate the feasibility and development of the Bullabulling gold mine in
    Western Australia. The Technical Sub-Committee will be chaired by Michael
    Short, with geological and resource expansion input by the company's Technical
    Director Ciceron Angeles and Managing Director Jeff Malaihollo.

    Michael Short is a Civil Engineer with over 35 years of project management and
    site construction experience on a broad range of mining projects. For the last
    30 years he has focussed on the engineering, design and construction of gold
    and base metal treatment plants. Michael is the Managing Director of GBM
    Minerals Engineering Consultants Limited. His previous experience includes work
    on projects in the Coolgardie region and in other areas of Western Australia.

    In addition, the Company is pleased to announce the appointments of John Barton
    and Mark Pitt as engineering consultants to the Company.

    The new consultants will be working with the Technical Sub-Committee of GGG
    Resources plc on the reopening of Bullabulling, a former gold mine in the
    Coolgardie Goldfields of Western Australia.

    John Barton is a Mineral Processing Engineer who was the past President of the
    Western Australian Mining Club and held various managerial positions in major
    engineering and geological/mining consulting firms in Perth. He has over 40
    years' experience and strong project management skills, in particular his
    experience embraces developing new or upgrading existing mining projects,
    including the preparation of feasibility studies to bankable standard.

    Mark Pitt is a Mining Engineer with over 40 years of experience. He specialises
    in rejuvenating mines and projects that have stalled or been abandoned by
    previous operators. More recently he was a Director and Chief Operating Officer
    of Dioro Exploration NL, with a focus on the operating Jubilee and Frog's Leg
    gold mines to the west of Kalgoorlie, prior to its takeover by Avoca Resources.

    Peter Ruxton, Chairman of GGG Resources, comments:

    "We are delighted to announce the formation of the Technical Sub-Committee of
    the GGG Board and the appointment of two highly experienced engineering
    consultants with West Australian experience. Our intention is now to focus on
    fast-tracking both resource expansion and project development at Bullabulling
    to maximise shareholder value during the current high-price gold market window.
    Should we gain sufficient control over the Bullabulling project, our plan is to
    accelerate the resource definition and expansion programme, and to run in
    parallel with all aspects of feasibility and development studies. Given its
    previous mining history, Bullabulling presents a unique opportunity to
    fast-track development and financing to put this historical gold mine back into
    production as soon as possible."

    Temu
 
watchlist Created with Sketch. Add AZX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.