TUCSON, Ariz.--(BUSINESS WIRE)--Silver Scott Mines, Inc. (PINK SHEETS: SILS) (the “Company”) announced today that President/Director Melvin Herdrick has retired from the Company effective December 01, 2013. He will assist the Company with an orderly leadership transition over the next few months.
“I make this retirement decision with appreciation for all of the dedicated employees who have contributed to successfully starting the precious metal heap leach production at the Carmen Mine. I leave Silver Scott with the strong belief that the foundation I have set now positions the Company for a bright and successful future. It is time to focus on production optimization that will best benefit shareholders,” stated Mr. Herdrick.
"Silver Scott Mines, Inc. would like to take this opportunity to recognize the fine work done by Mr. Mel Herdrick in developing and starting up the Carmen Project. He is one of the finest geologists that I have had the pleasure of knowing and the Company owes him a real vote of gratitude. We would also like to thank Mel for agreeing to advise the new management and Board to assist in a smooth transition as we optimize production at Carmen," stated Mr. Roy Shipes, the newly elected non-executive Director and Chairman of the Board of the Company.
Silver Scott Mines, Inc. is a mining company currently focused on production and development of gold and silver projects in Mexico. It has the Carmen gold and silver Mine operating in Sonora, Mexico and the Quitovac and Venturina exploration projects. The Silver Scott Mines, Inc. common shares are traded on the OTC under the symbol SILS.
Statements made which are not historical facts, such as anticipated payments or purchases are "forward-looking statements" and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. The information contained in this press release should not be construed as any indication whatsoever of the Company’s future financial condition or the future price of its common stock. The Company cautions readers that the Company is not current in its reports with otcmarkets. The Company undertakes no obligation and has no intention of updating forward-looking statements.
Silver Scott’s Home Page can be accessed on the Internet at: www.silverscottmines.com
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