Condor Blanco Mines Limited ("Condor Mines", "the Company")
is very pleased to announce the appointment of
Mr John Shanahan to the Board of the Company.
Mr Shanahan is currently President and CEO of Revett Minerals
Inc (TSX: RVM, NYSE Amex: RVM), a silver and copper producer
with mines in Montana, as well as Director of Mediterranean
Resources Ltd (TSX: MNR). Mr Shanahan is based in New York
and will provide the Company with a deep presence in North
America. Mr Shanahan will also add specialised mining finance
experience to the Condor Mines Board, having worked at
Barclays Capital, Rothschild's and Morgan Stanley in the
US.
Mr Shanahan's appointment comes as the Company seeks to
advance its exploration assets that have the potential to
host very large deposits that will require a significant
international expansion to fully investigate, explore and
develop. Condor Mines has already enjoyed exploration
success, with the drilling program at Gold Iron compellingly
demonstrating mineralisation through the delivery wide
intersections of copper mineralisation and promising
molybdenum grades. With drilling at the Company's key asset
Carachapampa currently underway, Condor Mines is strongly
committed to its high impact exploration strategy.
The Company would also like to announce the resignation of Mr
Jose Bahamondes from the Board. Mr Bahamondes will complete
his service to the Board over the next month. The Company
would like to thank Mr Bahamondes for his work, especially in
the formation of the Company when Mr Bahamondes played a key
role in locating, negotiating and acquiring the Company's
portfolio of projects. He was also instrumental in setting up
operations in Chile.
Mr Bahamondes has now decided to reduce his governance role
in order to reduce his workload after many decades in the
mining industry. Mr Bahamondes will continue to be involved
in the Company going forward as a consultant guiding the
management of operations in Chile. He will work in
combination with the Company's recently appointed Exploration
Manager, Mr Roberto Munoz who has now successfully taken over
day-to-day management of Chilean operations since his
appointment in September 2011.
The Company is planning further changes to its management
team as Condor Mines' portfolio advances. The changes will
further support the Company's focus on developing its
exploration targets in Chile, as well as capitalising on the
high level of corporate attention being given to Chile in
North American capital markets.
Enquiries: Mr Glen Darby
Managing Director
Condor Blanco Mines Limited
Office: +61 (0)2 9225 4070
Email:
glen.darby@condormines.com
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