Torex Announces Appointment of Senior Operations Team
TORONTO, ONTARIO -- (Marketwire) -- 01/15/13 -- Torex Gold Resources
Inc. (the "Company" or "Torex") (TSX:TXG)(TSX:TXG.W.A.) announced
today that Jason Simpson, PEng, has been appointed to the position of
Chief Operating Officer. Mr. Simpson brings over 17 years of global,
multi-commodity, operational and mining experience. In this position,
he will lead the senior operations team that will be responsible for
overseeing the construction and operation of the Morelos Gold Mine in
Southwestern Mexico. The senior operations team includes Felipe
Martinez Moreno, General Manager; David Alduenda, Mill Manager, and
Alfonso Alvarez, Mine Manager. Dawson Proudfoot, Vice President of
Engineering, will now step back to a consulting role as he
temporarily 'retires' for a period of approximately 18 months to
pursue some long held personal interests.
Fred Stanford, President & CEO of Torex stated: "These appointments
reflect our understanding of the importance of having a solid and
experienced owner's team to work closely with the EPCM contractor
through the construction period. I have known Jason for many years
and have complete respect for his leadership style, sound technical
knowledge, desire to succeed, and the quality of his judgment.
Felipe, David, and Alfonso have been with the team for several months
now and their operational and start-up experience has been evident as
they work with the design engineers to position the operations for
success. With Jason now in place to lead the team, we all look
forward to the completion of the permitting process and getting
started with construction. We would also like to wish Dawson every
success as he completes his travels for the next year and a half, and
look forward to having him to rejoin the team."
Jason Simpson, PEng, holds dual degrees: in Mining Engineering from
the Technical University of Nova Scotia and in Physics from Dalhousie
University. Starting with Inco Limited in 1995 he held roles in
ventilation, ground control, geology, and surveying. To gain a global
multi-commodity perspective he spent four years working for McIntosh
Redpath Engineering on mining studies for companies including; CVRD,
Rio Tinto, Barrick, Freeport McMoran, and Falconbridge among others.
After re-joining Vale, Jason has spent ten years gaining operational
and engineering experience. He has held positions of increasing
responsibility up to his most recent role as the General Manager
Labrador Operations for Vale.
Felipe Martinez Moreno, General Manager, is a Mexican mining and
metallurgical engineer with over 35 years experience in mining with
various companies including Coeur d'Alene Mines Corporation and
Agnico Eagle Mines Limited where he held senior roles including
general manager, mine manager, operations manager and open pit mine
manager. He holds a mining/metallurgical engineering degree from the
Universidad de Chihuahua School of Mines, Chihuahua, Mexico.
David Alduenda, Mill Manager, is a Mexican metallurgist with over 25
years of experience in the South American mining industry. Some of
his more recent positions include assistant general manager at Agnico
Eagle's Pinos Altos mine and plant manager at Goldcorp's Penasquito
mine. In Chile, Mr. Alduenda was general manager at Coeur d'Alene's
Cerro Bayo mine. He has extensive experience overseeing large-scale
gold and metals plants and has successfully managed start-ups,
optimization and expansion of processing plants and leach operations.
Mr. Alduenda has a BSc. and a masters degree in metallurgy from the
National Technical Institute of Mexico, D.F.
Alfonso Alvarez, Mine Manager, is a Mexican mining engineer with over
10 years of experience in the Mexican mining industry, most recently
with Aurico Gold Inc., which he joined in 2006 as a General
Supervisor. He has held increasingly senior positions including open
pit operations manager at the Ocampo Mine. He holds a mining
engineering degree from the Universidad de Sonora, Hermosillo,
Torex is a growth-oriented, Canadian-based resource company engaged
in the exploration and development of precious metal resources with a
focus on gold. It owns 100% of the Morelos Gold Project, a
development stage project, located 180 kilometres southwest of Mexico
City in the highly prospective Morelos Gold Belt. Torex is
aggressively exploring within its property to identify a pipeline of
additional future economic deposits. The project covers an area of
29,000 hectares of which more than 75% remain unexplored.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to the
permitting and construction of the Company's Morelos Gold Project.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects",
"estimates", "intends", "anticipates" or "believes" or variations of
such words and phrases or state that certain actions, events or
results "may", "could", "would", "might", or "will be taken",
"occur", or "be achieved". Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
those risk factors identified in the Company's current annual
information form. Forward-looking information is based on the
reasonable assumptions, estimates, analysis and opinions of
management made in light of its experience and its perception of
trends, current conditions and expected developments, as well as
other factors that management believes to be relevant and reasonable
in the circumstances at the date that such statements are made, but
which may prove to be incorrect. Although the Company believes that
the assumptions and expectations reflected in such forward-looking
information are reasonable, undue reliance should not be placed on
forward-looking information because the Company can give no assurance
that such expectations will prove to be correct. The forward-looking
information contained herein is presented for the purposes of
assisting investors in understanding the Company's exploration
results and the Company's plans and objectives and may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Torex Gold Resources Inc.
President and CEO
Torex Gold Resources Inc.
Vice President Investor Relations
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