Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
CALGARY, ALBERTA–(Marketwire – June 4, 2012) – Silver Mountain Mines Inc. (TSX VENTURE:SMM) (“Silver Mountain” or the “Company”) is pleased to announce the appointment of Mr. Terry Tucker, P. Geo. to the Company’s Board of Directors.
Mr. Terry Tucker, P. Geo., has 25 years’ experience in mineral exploration and development projects worldwide. Most recently Mr. Tucker was the CEO and Director of Nyota Minerals Limited focused on advancing an advanced stage gold project in Ethiopia. Mr. Tucker was also President & CEO and Director of TSX-listed StrataGold Corporation, where he successfully advanced the exploration and development of two gold projects in both Guyana and Canada before the company’s acquisition by Victoria Gold Corp in June 2009. Previously Mr. Tucker was responsible for a number of exploration projects in northern Canada, including the discovery of the Wolverine Mine gold-rich masive sulphide deposit. His experience includes a number of prominent roles at strategic, operational and corporate levels. He holds a Bachelor of Science Degree in Geology (Specialization) from the University of Alberta, Canada and is a registered professional geoscientist in British Columbia. Currently Mr. Tucker is involved in the financial services sector, relating to the exploration and mining industry, in Europe.
“We are very pleased to announce the appointment of Mr. Tucker to our Board of Directors,” commented Vince Goegan, SMM’s Chairman of the Board. “Terry’s invaluable experience in the exploration mining and financing sectors will prove crucial to the Board as we advance our Ptarmigan Property and continue with the Company’s near term corporate growth strategy. We look forward to his contribution to the Company.” The appointment is subject to customary review by the TSX Venture Exchange.
About Silver Mountain Mines Inc. (TSX VENTURE:SMM)
Silver Mountain Mines Inc. is a Canadian based exploration and development company with 100% ownership of a 9,200 ha property centered on the historical silver rich Ptarmigan Mine in south eastern, BC. The property hosts two styles of mineralization: silver rich, high grade polymetallic epithermal veins and manto style massive / semi-massive sulphide mineralization.
For further information on Silver Mountain Mines Inc. please visit the Company’s website www.silvermountainmines.com and SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD
Steve Konopelky
President and CEO
Neither the TSX-Venture Exchange nor its Regulation Services Provider as the term define in the polices of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of the release.
Contact Information
Silver Mountain Mines Inc.
Mr. Steve Konopelky
President & CEO
+1 403 229 9140
Silver Mountain Mines Inc.
Sheri Barton
Corporate Communications
+1 403 217 5830
