Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Breakaway Resources' Appoints Mining Engineer Victor Rajasooriar Managing Director

Breakaway Resources (ASX: BRW) currently has some high potential projects on hand including the 7.5 million ounce Altia Silver Deposit, with the company looking to Victor Rajasooriar to further progress them as the new managing director.

Rajasooriar is a mining engineer and brings to Breakaway over 17 years service in underground and open pit mining operations, including gold and base metals experience both in Australia and internationally.

Most recently Rajasooriar was the Executive Director - Operations of Bass Metals (ASX: BSM), and before this was the Mining Operations Manager for Goldfields Australasia overseeing the Agnew Gold Operations.

Rajasooriar also brings experience from Senior Management roles with Grange Resources in Tasmania, Newmont Mining in Australia and Canada, and Mt. Isa Mines in Queensland.

John Atkins, Breakaway's chairman, commented: "We are very pleased to have attracted such a strong candidate to continue the implementation of our focused exploration activities and to assess the commercial potential of our exciting Sandy Creek copper - gold prospect and Altia silver deposit in North Queensland."

The strategically located Altia Silver Deposit

In a strategic outcome for Breakaway, the company is now well positioned for exploration upside at the 7.5 million ounce Altia Silver - after securing unrestricted access to three advanced exploration targets

The targets have been secured due to BHP Billiton's (ASX: BHP) intention to withdraw from the joint venture, but this should be viewed as a positive for Breakaway.

With BHP only interested in huge Tier 1 deposits, Breakaway can take away from the joint venture a raft of technical information developed by BHP - which will help Breakaway in the future.

Altia is located just 100 kilometres from BHP's Cannington mine, the world's largest tonnage and lowest cost single mine producer of both silver and lead.

Previous drilling has highlighted the potential for a large-scale silver deposit at Altia with strengthening silver grades.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.