Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management
Message: Hank Paulson's Important Messages to Agoracom Members
Kerrisdale90210
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Is this THE Colin Benner ? October 9, 2008 |
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| Colin K. Benner Appointed as Chairman of Creston Moly Corp. | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - Creston Moly Corp. ("Creston" or the "Company") (TSX VENTURE:CMS) is pleased to announce the appointment of Mr. Colin K. Benner, P. Eng. as Chairman of the Board of Directors effective immediately. Mr. Benner is an experienced mining executive with more than 40 years in the mining industry with senior management and executive roles in Canada and internationally. He was most recently Vice Chairman and CEO of Skye Resources and previously Vice Chairman and CEO of Lundin Mining Corporation and EuroZinc Mining Corporation. He has also served on a number of public company boards in the mining industry in Canada and he currently sits on the boards of Lundin Mining Corporation, HudBay Minerals Inc., Troon Ventures Ltd., and Sherwood Copper Corp. and is Chairman of PBS Coals Ltd. He is a member of the Association of Professional Engineers of Ontario, the Canadian Society of Professional Engineers as well as a member of the Association of Professional Engineers and Geoscientists of British Columbia, the Association of Professional Engineers and Geoscientists of Nunavut, the Society of Mining Engineers of the AIME and the Canadian Institute of Mining. Mr. Benner stated: "I am very pleased to have the opportunity to work with the people at Creston Moly in developing the El Creston deposit to mine status and in seeing all the benefits that will be derived for all the stakeholders. Despite the present turmoil in the financial markets, we believe the fundamentals for the moly market are sound and in particular for this project. El Creston is well located geographically, has access to grid power, an experienced labour pool to draw from and is in close proximity to technical support, materials and supplies. With these advantages and mineral resources of substantial size and grade we believe this project is well positioned to become a successful producer." Jonathan George, President of Creston, stated: "We are extremely fortunate to have someone with Colin's stature and expertise join our team at this critical juncture, as we advance the El Creston Molybdenum Deposit towards production." Concurrent with the appointment of Mr. Benner, Kim Phillips resigned as a director of Creston. Mr. Phillips will remain as Chief Financial Officer and Secretary. About Creston Moly Corp. Creston Moly Corp. is a Canadian mineral exploration company focused on the development of the El Creston Molybdenum deposit located 135 kilometres north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe. The El Creston Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade: Mo lbs Cu lbs Category Tonnes Mo% Cu% millions millions -------- ---------- ----- ----- -------- -------- Indicated 92,873,000 0.083 0.060 169.9 122.8 Inferred 84,221,000 0.076 0.050 141.1 92.8 1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimates of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues. 2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. 3. The mineral resources referred to herein have been estimated in an NI 43-101 technical report (the "P & E Report") prepared for the Company in January 2008 by independent qualified persons Eugene Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining Consultants Inc. The P & E Report is available at www.sedar.com. CRESTON MOLY CORP. Jonathan W. George, President |
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