Georgian Mining Corp. has appointed Michael Struthers (Chief Operating Officer) to the board of the company with immediate effect.
Struthers replaces Martyn Churchouse, who is stepping down as Exploration Director but will continue to work on behalf of the company as a senior adviser focussed on business development.
The board change reflects progress made at the 860 km2 licence located on the Tethyan Belt in Georgia. While exploration work continues at the Kvemo Bolnisi East project to deliver the overall copper-gold resource target, management is in the final stages of negotiations with its joint venture partner on the project to advance the gold oxide deposit to production, utilising its partner's neighbouring processing facilities.
The appointment to the board of Struthers, an experienced project manager, will assist the company as it makes the transition from explorer to mine developer/producer over the coming year.
Greg Kuenzel, Georgian Mining Corp Managing Director, said: "I would like to thank Martyn for his contribution as Exploration Director, specifically in helping put together the epithermal copper gold mineralisation model we have now adopted at KB as well as the consequent maiden resource which is now the focus for mine development and production by the JV. With his first-class track record in mine construction and optimisation, I am confident Mr Struthers' expertise will enable GEO to transform into a development company whilst continuing to create value through continued exploration at KB and the rest of the JV licence block. This is an important milestone as we look to establish KB as a world class copper-gold asset on the prolific Tethyan Belt."