Lake Victoria Mining Company, Inc has appointed Dr. Roger Newell as president, chief executive officer and director of the company, effective immediately. His extensive experience both in the field and the boardroom are a tremendous asset as Lake Victoria Mining Company looks to expand and develop in the gold resource industry.
Dr. Newell is renowned internationally for recognizing the potential of the Carlin Trend in Nevada. Under his direction Newmont Mining Company reestablished exploration programs in Nevada, which ultimately lead to Newmont Mining becoming the 2nd largest gold producer in the world with gold operations yielding over 1,000,000 ounces per year. He holds a M.Sc. from the Colorado School of Mines and a Ph.D. in mineral exploration from Stanford University, and has more than forty years of experience in the mining industry.
Most recently, Dr. Newell joined the management team of Kilimanjaro Mining Company, Inc. (www.kilimanjarominingcompany.com) a private company involved in the acquisition and exploration of highly prospective resource properties in Tanzania, East Africa.
Roger Newell served as Vice President-Development and a Board Member of Capital Gold Corp (CGLD) from 2000 to 2007. As such he was responsible for much of Capital Gold’s engineering and business development at El Chanate Gold, Mexico and continues to serve on Capital Gold Corp’s Board of Directors. He also served as President (2000 to 2006) of Capital Gold’s Mexican subsidiary, Minera Santa Rita.
Prior to his time at Capital Gold, he served as Exploration Manager/Senior Geologist for the Newmont Mining Company; Exploration Manager for Gold Fields Mining Company; and Vice President-Development, for Western Exploration Company.
ABOUT THE COMPANY
Lake Victoria Mining Company, Inc. is a gold exploration stage company focused on acquiring and exploring potential gold mineral deposits or reserves in Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa. Lake Victoria Mining Company, Inc. currently holds a Mineral Property Purchase/Option Agreement with Uyowa Gold Mining and Exploration Limited (Tanzania) owned by Geo Can Resources Company Limited (Tanzania) a subsidiary of Kilimanjaro Mining Company, Inc. of Nevada (www.kilimanjarominingcompany.com). Under the terms of the agreement Lake Victoria is entitled to acquire up to an 80% interest in and to the Kalemela prospecting license (PL2747) located in the world famous Lake Victoria Greenstone Belt and consisting of 70.72 square kilometers. Kilimanjaro Mining Company, Inc. holds 3,000,000 shares (over 17%) of the issued and outstanding shares of Lake Victoria Mining Company, Inc.
For further information investors should review the Company’s filings that are available at: http://media3.marketwire.com/r/627lvcafilings.
This news release may contain forward looking statements, relating to the Company’s operations or the environment in which it operates, which are based on Lake Victoria Mining Company Inc’s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company Inc’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Lake Victoria Mining Company, Inc.
Dr. Roger Newell
Source: Lake Victoria Mining Company, Inc.