Southern Arc appoints two new directors
Tuesday, April 14 2015 - 01:56 AM WIB
Canadian junior miner Southern Arc Minerals announced Monday the appointment of two new directors: John Carlile and Morris Klid. It also said that David Stone has stepped down as a director but will continue with Southern Arc as a strategic advisor.
The company said in a statement that John Carlile is a geologist with more than 35 years of experience in the resource industry. Carlile has held senior executive and director positions with both major and junior resource companies.
As a geologist, Carlile has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. Carlile has served on the boards of several resource companies, and currently holds the position of director for Equator Gold and ARC Exploration Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from Imperial College, University of London.
It added that Carlile is a Fellow of the AusIMM and a Fellow of the Geological Society of London.
Morris Klid has worked as an entrepreneur for over 30 years, providing innovative services primarily in the corporate due diligence, legal, financial, and search and registration markets. Klid established the Cyberbahn Group of Companies, which was acquired by Thomson Reuters in 2008. Since that time he has focused on investing in both established companies and start-ups.
Klid is currently involved in angel financing for several companies, and actively participates as an advisor and board member for all. Klid has a BA in Economics from Wilfrid Laurier University.
?These appointments add to our current bench strength and will bring additional exploration and business insight as Southern Arc continues to advance its current portfolio of assets and evaluate new investment and exploration opportunities,? said John Proust, Chairman and CEO of Southern Arc.
The company is advancing two properties in Indonesia: West Lombok, a resource-stage property with several gold-rich copper porphyry and epithermal gold vein prospects, the West Lombok property comprises a 13km long by 7km wide structural corridor of hydrothermal mineralization and alteration on Indonesia's Lombok Island and East Elang, a grassroots exploration property that will be advanced in partnership with Vale International SA. The East Elang property is located immediately adjacent to Newmont's Elang copper-gold deposit (25 Moz gold, 16 Blb copper).
Editing by Reiner Simanjuntak