Monroe Minerals appoints independent advisors for uranium division
Monroe Minerals Inc. is pleased to announce the appointment of independent advisors to its uranium division in Africa and Canada. The role of these advisors will be to review new uranium projects, assist with program planning and implementation, and analyse exploration results.
In Africa, Monroe has appointed The Mineral Corporation. The Mineral Corporation is a leading senior advisor to the African and international minerals business, providing a unique combination of technical and financial skills and experience in mineral exploration, mine development, mine optimization and value creation across a diverse range of commodities and geographies, serving African and international clients. Linked capabilities in exploration, mining, evaluation and statutory compliance provide solutions to minimize the investment, development and operational risks across the project development-stage spectrum. During the past decade, its pursuits in Africa have incorporated more than 500 projects from 30 countries.
The Mineral Corporation offers Monroe a complete project evaluation capability, including the acquisition of rights, project modeling, mineral resource and reserve estimation, assay quality control and assurance, as well as the production of competent person’s reports compliant with the requirements of the Toronto Stock Exchange.
Importantly for Monroe, the exploration capability of The Mineral Corporation allows Monroe to entirely sub-contract responsibility for projects, exploration programs, or to access particular competencies as and when required.
In Canada, Monroe has appointed Dr Reg Olson, Principal of R. A. Olson Consulting Ltd., with current and former clients ranging from major to junior mineral exploration and mining companies, private investors and government agencies. During 2000-2007, Dr Olson was Senior Advisor, Mineral Resources at the Alberta Energy and Utilities Board/Alberta Geological Survey. Dr Olson was awarded his Ph.D. in Economic Geology by the University of British Columbia (1977) and his M.Sc. by the University of Western Ontario (1971).
Dr Olson has in-depth expertise in uranium (as well as other minerals) and has worked throughout Canada on Athabasca-type and Elliott Lake-type unconformity-related deposits, sedimentary and roll-front type deposits, vein type deposits, uranium-bearing IOGC deposits, and uraniferous pegmatites. He has visited many of the world’s major uranium mines and districts, including Elliott Lake in Ontario; Witwatersrand in South Africa; Rabbit Lake, Cigar Lake, McLean Lake, Key Lake, McArthur River and Cluff Lake in the Athabasca Basin; basal conglomeratic deposits of the Blizzard-type in southern British Columbia and at the former Blackhawk mine near Spokane, Washington state; various sandstone-hosted deposits in the U.S.A. including selected deposits in the Colorado Plateau, the Gallup district in New Mexico, and South Texas; and selected IOGC-style deposits such as the Wernecke breccias in the Yukon and the Great Bear-Great Slave lakes region of NWT.
Monroe will be advised by Dr Olson on uranium exploration program management and will be able to benefit from his experience in prospecting and geological mapping, geochemical and geophysical surveys, data analysis and interpretation, and the preparation of reports.
Monroe is engaged in the exploration and development of gem quality diamond properties in Southern Africa and the assembly of an international portfolio of uranium projects. Its strategy is well defined: enhancing shareholder value by combining Monroe’s recognized twin strengths of technical expertise and professional management to advance mining projects to profitable long term production. Monroe’s shares trade on the TSX Venture Exchange under the symbol MMX. For more information please visit www.monroeminerals.com.
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Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
For further information
Derek J Moran, President, Monroe Minerals Inc., 27 82 440 3426
Robin Cook, Account Manager, CHF Investor Relations, (416) 868-1079, robin@chfir.com
Source: Monroe Minerals Inc.
