23/07/2010 - 12:13

Adams replaces Kiernan at Swan Gold

23/07/2010 - 12:13

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Stirling Resources managing director Marty Adams has been appointed as a non executive director of Swan Gold Mining.

Adams replaces Kiernan at Swan Gold

Stirling Resources managing director Marty Adams has been appointed as a non executive director of Swan Gold Mining.

He replaces Michael Kiernan who stepped down from the boards of Stirling Resources and Swan Gold in June.

Stirling Resources has a 29 per cent interest in Swan Gold, which in May shelved two gold projects slated to go into production in August because it believed the then proposed super profits tax prevented it from raising equity.

In June Stirling Resources also decided not to go ahead with a proposed recapitalisation of Swan Gold.

 

See full statement below:

Swan Gold Mining (ASX: SWA) is pleased to announce the appointment of Marty Adams as nonexecutive director.

Mr. Adams has thirty years' experience in the Australasian mining industry. Holding a degree in Mining Engineering from Melbourne University and an MBA from Deakin University, he has held a range of operational and senior management positions in open pit and underground operations and has extensive experience in gold, copper, mineral sands, iron ore and lead/zinc projects.

Mr. Adams' experience includes 17 years with Normandy Mining Limited, including three years as
General Manager of Normandy's Tennant Creek gold and copper operations. He was recently the
Project Manager for Hillgrove Resources Limited's Kanmantoo Copper Project, where he oversaw the successful completion of its feasibility studies and permitting activities.

He is currently also the Chief Executive Officer of Australian Zircon NL, Managing Director of Stirling Resources Limited, and a non-executive director of Matilda Zircon Limited and Redbank Copper Limited.

Swan Gold Chairman Allan Brown said Mr Adams' appointment adds significant operational and
resource management depth to the Board with his vast experience in the gold mining industry.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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