WHITE ROCK, British Columbia--(BUSINESS WIRE)--Standard Tolling Corp. (TSX-V: TON, Frankfurt: GA0, “Standard Tolling” or the “Company”) and its Peru subsidiary, have hired Edgar Barrios as Vice President, Peru Operations. Mr. Barrios will oversee the completion and commissioning of the Company’s newly acquired 150 ton per day CIL gold processing plant (the “Plant”) located in the department of La Libertad, near the city of Huamachuco in Northern Peru.
Leonard Clough, CEO of the Company stated: “Standard Tolling is very fortunate to have someone with Edgar’s expertise join our company, particularly at this stage. Not only has he held senior operating roles at much larger companies, he has hands on experience in designing and installing CIL circuits and operating plants. He has two degrees, one in metallurgy and a Masters in Business Administration, both of which give him the ideal skill set to oversee the rollout of our processing operation at Huamachuco. Edgar is a high performer and I expect great things from him and his team going forward."
Edgar Pedro Barrios Jimenez has 30 years experience. Most recently he was a director and Vice President of Empresa Minera Paititi S.A. (Bolivian subsidiary of Orvana Minerals Corp.) having begun with them as Project and Operations Manger from 2005 until 2011 when we was promoted to General Manager and finally Vice President. Prior to joining Empresa Minera Paititi S.A. Mr. Barrios was, Metallurgist, Mill Superintendent and General Superintendent of several operation units of Compañía Minera del Sur from 1985 to 2001. He has a Metallurgist degree from San Austin University of Arequipa, Peru, and a MBA from UPSA University of Santa Cruz, Bolivia. Additionally, he has been involved with the preparation of numerous project studies, including conceptual projects, prefeasibility, full feasibility, design, start up, commissioning operations and optimization processes in Bolivia with base metals (lead, copper, zinc, tin in flotation and gravity concentration) precious metals (gold and silver by CIL process and gravity recovery), and a sulfuric acid plant.
About Standard Tolling Corp.
Through its wholly owned subsidiary, Standard Tolling owns and is commissioning the 150 TPD custom tolling facility in Huamachuco which services the legal small mining communities of northern Peru. Under the progressive new formalization mandate, the Peruvian government has enacted legislation to curtail illegal mining by requiring all toll processing operations to purchase only compliant ores. This has created significant opportunity for well run, well funded operators to gain market share as older poorly capitalized players with poor technology are phased out.
ON BEHALF OF THE BOARD
Mr. Len Clough, Chairman, President, CEO and Director
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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.