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PMI Gold appoints two non-executive directors

PMI Gold (TSX.V:PMV) said Thursday that it has appointed Peter Buck and Ross Ashton as independent non-executive directors to the company's board, subject to and following PMI's proposed Australian co-listing.

Buck worked with WMC Resources for 23 years in a variety of senior exploration and production roles, before joining Forrestania Gold as exploration manager in 1994, which was subsequently acquired by LionOre Mining, with whom he was the director of exploration and geology until mid-2006.

In addition, Buck managed the exploration team that discovered several nickel deposits and the two million ounce Thunderbox gold deposit in Western Australia. He was a non-executive director with Gallery Resources (now IAMGOLD), and managing director and CEO of  Breakaway Resources before leaving in 2009 to pursue other interests.

Ashton was most recently the managing director and subsequently chair of Red Back Mining, which was just acquired by Kinross in a $7.1 billion deal. He was responsible for identifying the prospectivity and leading the team that discovered the multi-million ounce Chirano gold deposit in Ghana. Ashton is also a non executive director of Brockman Resources, an ASX-listed iron ore explorer and developer.

Commenting on the appointments, PMI Gold CEO, Douglas MacQuarrie, said: "Their wealth of exploration and development experience will be invaluable for PMI Gold as the company progresses development at its Obotan and Kubi Gold Projects in Ghana."

With these appointments, Len Dennis will resign as board member, but will remain with the company as a consultant.

PMI Gold controls four previous operating mines on 85 kilometres of Ghana's major gold belts, all located near the centre of near 200 million ounces of historical gold production and current resources.

Disclosure: No Positions