Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Athena Silver Corporation (OTCBB:AHNR.OB – News) (“Athena” or the “Company”) announced that Mr. LeRoy Wilkes has been elected to serve as a member of the Board of Directors of the Company effective August 1, 2011.
“We are pleased to add an industry veteran with the depth of experience of Mr. Wilkes to our Board of Directors,” said John Power, President & CEO of Athena. “His knowledge and insight will be invaluable as we plan the development of our flagship Langtry silver project.”
Mr. Wilkes has vast experience as a professional mining engineer. He is formerly the President of Washington Group International, Inc.’s Mining Business Unit, from which he retired in 2007. In that capacity, he oversaw mining development operations throughout the world. Washington Group International merged with URS Corp. in 2007. From 1995 to 1997, he was the Chief Operating Officer of Santa Fe Pacific Gold Corporation involved in the expansion of their Nevada operations. Santa Fe Pacific Gold Corporation merged with Newmont Mining Corp in 1997. From 1980 to 1986, Mr. Wilkes was Senior Vice President of Business Development for Anaconda Minerals, where he was involved in such projects as Greens Creek, Alaska, Stillwater, Montana and Las Pelambres in Chile.
Mr. Wilkes is retired, and also serves as a Director of Quaterra Resources, Inc. (TSX:QMM) and Sabina Gold and Silver Corp. (TSX:SBB.TO – News). He holds a B.A. degree from the Montana School of Mines.
About Athena:
Athena Silver Corp. is a silver exploration company focused on the western United States.
Athena entered into a 20-year mining lease with an option to purchase the Langtry Claims on March 15, 2010. The Langtry silver resource consists of 20 patented claims comprising 413.22 acres in the Calico Mining District of San Bernardino County, California. Our Lease/Purchase agreement is subject to continuing financial and work commitments on the claims and other royalties more fully described in the company’s filings available on the SEC’s website at www.sec.gov.
