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Company Information for Creston Moly Corp
Company Statement
Creston Moly Corp. is Developing Mexico's Largest Molybdenum Deposit
Mexico's Creston Molybdenum Project represents one of the largest undeveloped molybdenum resources in the western hemisphere. Its size, location and advanced stage of development are all conducive to fast-track development.
The Creston deposit contains an indicated resource of 169.9 million pounds of molybdenum (92.87 million tonnes grading 0.083% Mo) and an inferred resource of 141.1 million pounds of molybdenum (84.22 million tonnes grading 0.076% Mo).
With over 169.9 million pounds of molybdenum indicated, and another 141.1 million pounds inferred, this prime resource is contained within an optimal open-pit shell. This deposit has very high grades and recovery rates with a low strip ratio and benefits from its location, climate and existing production infrastructure developed by Amax in the 1970's.
With a $40 million financing now complete, mining rights fully secured, and a newly negotiated 30,000 metre drilling contract in place with Mexico's leading drilling company, Creston Moly Corp. is aggressively moving towards initiation of a feasibility study.
Board of Directors and Key Management
| Jonathan W. George, B.Sc. President, CEO & Director |
| Mr. Jonathan George has been a consulting geologist, holding senior positions with numerous junior exploration companies, for the past 20 years. Mr. George has been instrumental in property acquisitions, negotiations and financings. |
| Kim Philips, B. Comm.Director, CFO & Secretary |
| Mr. Phillips is a businessman, President and General Manager of Strive Management Ltd. (a private company). Mr. Phillips has over 17 years of public company management with a specific focus on corporate governance. He has been a director of several TSX Venture Exchange companies. |
| Dr. Sadek E. El-Alfy, Ph.D, D.I.C., B.Sc., ARSMChief Operating Officer |
| Dr. El-Alfy is responsible for the ongoing development of the El Creston Molybdenum Deposit as well as building an operations management team to direct the development of El Creston. He has been serving as a member of Creston's advisory board since May of 2007. Dr. El-Alfy was, most recently, Vice President of Operations for Crystallex International Corporation for over 10 years. A 34 year mining veteran, Dr. El-Alfy has extensive experience in the design and operation of both open pit and underground mining operations including holding the position of General Manager, Mining and Concentrating at the Carol Lake operation of the Iron Ore Company of Canada, in Labrador city, from 1990 until 1995, and Chief Mining Engineer with Giant Yellowknife Mines Limited in both Yellowknife and Timmins from 1984 until 1990. |
| Dr. El-Alfy is a member of the Canadian Institute of Mining, Metallurgy and Petroleum, the Institute of Materials, Minerals and Mining, London, United Kingdom and the American Institute of Mining, Metallurgy and Petroleum Engineers and was ex chairman of the Association of Professional Engineers of Newfoundland. |
| John Harman B.Sc. (Hons), M.Sc. Manager of Engineering Studies |
| Mr. Harman will be responsible for overseeing pre-feasibility and feasibility studies to be conducted on the El Creston Molybdenum Deposit. Mr. Harman has a B.Sc. (Hons) degree in Mining Engineering from the Royal School of Mines, Imperial College, London, UK, (1973) and a M.Sc. in Hydrogeology from the University of Birmingham, UK, (1981). He is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Member of the International Association of Hydrogeologists, and of the International Mine Water Association. |
| Mr. Harman is currently an independent consultant specializing in mining environmental issues and operational planning. From 2001 to 2007 Mr. Harman was employed by SRK Consulting and was a director and Principal Consultant and leader of the Water Group based in its Santiago, Chile office. While with SRK he was responsible for developing and executing projects in hydrogeology and water resources and was involved with mine dewatering, water supply, leach pad, tailings dam and waste dump water management and associated geotechnical issues. He worked on key mining studies involving project feasibility study, due diligence studies and NI 43-101 assessments. |
| From 1998 to 2000 he was a Senior Project Manager for Water Management Consultants in Chile and Peru. He was responsible for the management of key mining water management, water supply and dewatering projects for BHP Tintaya, Antamina and Yanacocha among others. |
| Prior to working in South America Mr. Harman worked in Australia and in many countries in South East Asia and Africa as a consulting engineer on a broad spectrum of mining-related water and environmental projects. He has set up and managed large work programs involving cost control, financial and technical reporting, and associated public consultation processes. |
| John McCleery, VP Corporate Development & Director |
| Mr. McCleery is a private businessman who has been actively involved in raising over 50 million dollars in capital for public companies in various stages of exploration and development for the last 20 years and has been the catalyst for various startup companies. He brings an extensive history of marketing and public relations expertise to help convey the company's message to a large audience which helps maximize shareholder value. |
| Wayne Johnstone, CA Director |
| Mr. Johnstone graduated from the University of B.C. in 1977 and articled with a major accounting firm, earning his chartered accountant designation in 1979. Mr. Johnstone has more than 29 years financial and accounting experience, including 20 years experience with public and start-up companies. Mr. Johnstone has worked with both Canadian and U.S. public companies, whose operations have been in North America, South America and Asia. |
| Richard Godfrey Director |
| Richard brings a wealth of experience to Creston, having started his mining career as mine site controller at the Faro and Sa Dena Hes zinc mines in the Yukon, progressing to corporate controller with Royal Oak Mines, then to CFO of Triton Mining Corporation, followed by a position as financial adviser to Ma'aden, the Saudi Arabian State Mining Company. In June 2003, he became VP Finance and CFO of Breakwater Resources, a multi-mine base metal producer and, subsequent to this, was appointed VP Finance for EuroZinc Mining, prior to the merger with Lundin Mining Corporation. |
Company AddressSuite 408 - 1199 West Pender Street
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