FSC / Press Release
Tsodilo Resources Limited Announces Dr. Alistair Jeffcoate of Rio Tinto named
Project Manager / Chief Geologist
Toronto, Ontario CANADA, July 24, 2013 /FSC/ - Tsodilo Resources Limited (TSD -
TSX Venture), ("Tsodilo" or the "Company") is pleased to report that it has
hired Dr Alistair B. Jeffcoate as Project Manager / Chief Geologist to lead it
metals exploration and resource development programs, particularly its' iron
ore project, in Botswana.
Dr Jeffcoate has spent his entire professional career with the Rio Tinto group
of companies including Rio Tinto Iron Ore Atlantic and Rio Tinto Exploration.
Immediately prior to accepting the position with Tsodilo, Alistair was Senior
Geologist at Rio Tinto's Simandou Project, Guinea West Africa (Iron Ore) where
his key responsibilities were coordinating the activities of the large and
complex resource evaluation and exploration department. This included planning,
coordinating, and implementing the drilling activities on site for a fleet of up
to 11 drill rigs, both reverse circulation (RC) drilling and diamond drilling
(DD). Under Alistair's co-leadership the department developed leading practices
via continuous improvement initiatives in many areas such as characterisation of
ore and waste, QA/QC and database validation protocols. Alistair also has
experience of technical project management, mentoring, training, reporting,
brownfield exploration, geological modelling, resource estimation and product
Alistair's career at Rio Tinto began as project and exploration geologist at
Simandou and between his postings on the Simandou project he was rewarded with
the opportunity to go on an 18 month secondment with Rio Tinto Iron Ore in the
Pilbara region of Western Australia to work on their iron ore operations.
Firstly working as a mine geologist at the Greater Paraburdoo mines and then
later as project geologist on the Koodaideri evaluation project. Alistair's
responsibilities included in pit grade control and block out procedures,
reconciliation, H+S representative, project supervision of a multi rig drill
program, and ore body knowledge.
In addition to his extensive and multi-disciplinary work history, Dr. Jeffcoate
holds a MSc Geology (Royal Holloway, University of London) and a PhD
Geochemistry (University of Bristol).
James M. Bruchs, Chairman and CEO, stated: "It is crucial that we attract talent
of Alistair's caliber to move our projects to their next stage of development.
Dr Jeffcoate has been involved in all aspects of metals resource development
with expertise in exploration; resources modeling and evaluation; orebody
knowledge & genesis; research and development; geochemistry and open pit iron
ore mining. His excellent leadership and management skills backed up by first
rate technical proficiency and proven research and development capabilities
coupled with a solid understanding and experience in HSEC values, and risk
management systems, possessing a commitment to zero harm culture are a welcome
addition to our talented staff in Botswana".
About Tsodilo Resources Limited: Tsodilo Resources Limited is an international
diamond and metals exploration company engaged in the search for economic
diamond and metal deposits at its Newdico (Pty) Limited ("Newdico") and Gcwihaba
Resources (Pty) Limited ("Gcwihaba") projects in northwest Botswana. The Company
has a 98% stake in Newdico (895 km2 under Precious Stone - diamond licenses).
The Gcwihaba project area: 2,404 km2 under Precious Stone - diamond licenses;
11,158 km2 Metal (base, precious, platinum group, and rare earth) licenses; and,
6,925 km2 under Radioactive Minerals licenses is 100% held by the Company.
Tsodilo manages the exploration of both the Newdico and Gcwihaba license areas.
Overall supervision of the Company's exploration program is the responsibility
of Dr. Mike de Wit, President and COO of the Company and a "qualified person" as
such term is defined in National Instrument 43-101. Dr. de Wit has reviewed the
information contained herein and approved the contents of this Press Release.
The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana.
Please visit the Company's website, www.TsodiloResources.com, for additional
information and background on our projects.
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, Form
43-101F1 and Companion Policy 43-101CP requires that the following disclosure be
made: All references contained herein with respect to the potential quantity
and grade derived by any method is at this stage of development conceptual in
nature. At the present time, there has been insufficient exploration to define
a mineral resource and it is uncertain if further exploration will result in the
target being delineated as a mineral resource.
This press release contains forward-looking statements. All statements, other
than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements relating to the
development of the Company's projects) are forward-looking statements. These
forward-looking statements reflect the current expectations or beliefs of the
Company based on information currently available to the Company. Forward-looking
statements are subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, changes in equity markets, political developments in
Botswana and surrounding countries, changes to regulations affecting the
Company's activities, uncertainties relating to the availability and costs of
financing needed in the future, the uncertainties involved in interpreting
exploration results and the other risks involved in the mineral exploration
business. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this news release. This news release may contain
assumptions, estimates, and other forward-looking statements regarding future
events. Such forward-looking statements involve inherent risks and uncertainties
and are subject to factors, many of which are beyond the Company's control,
which may cause actual results or performance to differ materially from those
currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs
Chairman and Chief Executive Officer
Dr. Mike de Wit
President and Chief Operating Officer
Telephone +1 416 572 2033
Facsimile + 1 416 987 4369
To view the press release as a PDF file, please click on the following link:
Source: Tsodilo Resources Limited (TSD - TSX-V) http://www.tsodiloresources.com
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-0- Jul/24/2013 4:01 GMT
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