ASX/Media Release – 23 May 2011
New Company Appointments
Experienced Mining Engineer Appointed to Board
and CFO Appointed to Strengthen Management Team
Australian gold company Cortona Resources Limited (ASX: CRC) is delighted to announce the appointment of Mr Mark Milazzo as Non-Executive Director to the Company’s Board, and Mr Lorne Harvey as CFO.
Mr Milazzo is a mining engineer with 30 years’ experience in the development and management of underground and surface mines across a range of mineral commodities. Past appointments include senior operational roles with WMC Resources and more recently with mining contractor HWE Mining where he managed a portfolio of surface and underground mining operations. Cortona also welcomes Mr Lorne Harvey to the position of CFO. Mr Harvey has over 15 years’ finance and commercial experience in various listed mining companies, most recently with Mineral Resources Limited. From 2001 to 2007 he served in senior finance management roles for Barrick Australia/Africa. Mr Harvey is a Chartered Accountant, Member of the Chartered Secretaries Australia and a Fellow of the Financial Services Institute of Australasia. Mr Milazzo and Mr Harvey will significantly strengthen Cortona’s team as the Company transitions from gold explorer to gold producer over the coming months. Clive Jones Chairman, Cortona Resources LtdABOUT CORTONA
Cortona is an emerging Australian gold company which is focussed on the development of its 100%-owned Majors Creek Project, located 60km east of Canberra in New South Wales, where it is developing the high grade Dargues Reef Gold deposit.
Majors Creek was the largest historic goldfield in NSW, producing more than 1.25 million ounces. The Dargues Reef deposit is expected to be the Company’s first operating mine following positive Feasibility Study results which show strong cash flows from average annual production of 50,000 ounces over an initial mine life of 6 years. Cortona’s multi-pronged plan is to progress Dargues Reef to production in conjunction with aggressive near-mine and regional exploration programs to underpin a long-term gold production business.COMPANY DETAILS
Principal and Registered Office
Cortona Resources Limited Level 5, 72 Kings Park Road West Perth, WA 6005
Postal Address
PO Box 86, West Perth WA 6872
Website
www.cortonaresources.com.au
admin@cortonaresources.com.au
Phone
(08) 9485 0577
Facsimile
(08) 9485 0706
ABN: 98 117 848 790
ASX CODE: CRC, CRCO
Corporate Information
(30 April 2011)
Shareholders ~2,000
Shares on Issue 196M Options (CRCO) 34M Options (Unlisted) 16M