WHITE ROCK, British Columbia--(BUSINESS WIRE)--Standard Tolling Corp. (TSX-V: TON, Frankfurt: GA0, “Standard Tolling” or the “Company”) is pleased to announce that Mr. Alex J. Davidson has joined the Advisory Board of the Company.
Mr. Len Clough, CEO of Standard Tolling, commented, “Alex is best associated with large scale mining and his endorsement of the toll processing sector should be noted. He is not only an expert in Peru but has great experience throughout Latin America. Standard Tolling has worked hard to position itself as the credible candidate to play a leading role in the sector and I think this appointment takes us a long way there.”
Mr. Davidson also commented, “Investors are aware of the challenges associated with large scale mining today, namely cost certainty, regulatory and time to production. The toll processing business model essentially bypasses these issues and provides immediate benefit to all stakeholders including government, investors, and the small miners that sell their ore. Standard Tolling has been presented with several opportunities and have built a management team with experience in building toll processing businesses of significance."
Alex J. Davidson
Mr. Davidson was Barrick Gold Corporation’s (“Barrick”) Executive Vice President, Exploration and Corporate Development with responsibility for international exploration programs and corporate development activities. Mr. Davidson joined Barrick in October 1993 as Vice President, Exploration with responsibility for the company's expanding exploration program. He initiated Barrick’s expansion out of North America and into Latin America and beyond. Prior to joining Barrick, Mr. Davidson was Vice President, Exploration for Metal Mining Corporation. Mr. Davidson has over 25 years of experience in designing, implementing and managing gold and base metal exploration and acquisition programs throughout the world. In April 2005, Mr. Davidson was presented the 2005 A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum to recognize exceptional achievement and distinguished contributions to mining exploration in Canada. In 2003, Mr. Davidson was named the Prospector of the Year by the Prospectors and Developers Association of Canada in recognition for his team's discovery of the Lagunas Norte Project in the Alto Chicama District, Peru. He received his B.Sc. and his M.Sc. in Economic Geology from McGill University.
About Standard Tolling Corp.
Standard Tolling has assembled a well respected operating team with expertise in operating multiple toll processing plants that purchase ore from small miners. The Company is looking to establish its first toll processing facility in Peru upon the completion of a comprehensive study due in May 2014. Under the progressive new formalization mandate, the Peruvian government has enacted legislation that has fuelled a strong demand for additional compliant ore processing plants. The Company is considering several additional tolling opportunities throughout Latin America, each with an initial minimum production rate of at least 20,000 ounces of gold or gold equivalent in cases where other ore types are processed.
ON BEHALF OF THE BOARD
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate Communications
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and include, without limitation, statements regarding the Company’s plans with respect to statements about the Company’s ability to fund and execute the proven ore processing business model outlined in this news release. Although Standard Tolling believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.