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BAT Batero Gold Corp

0.055
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Batero Gold Corp TSXV:BAT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.05 0.06 0 01:00:00

Batero Gold Announces Change in Directors

07/11/2013 1:06pm

Marketwired Canada


Batero Gold Corp. ("Batero," or the "Company") (TSX VENTURE:BAT) is pleased to
announce a change in directors. Mr. Ernesto Bendezu Flores has resigned from the
board of directors and Mr. Felipe Ferraro has been appointed as a new director.


"On behalf of the Board, we are happy to welcome Mr. Felipe Ferraro to the
Board. Mr. Ferraro's extensive mining and business experience are expected to
greatly benefit Batero and its shareholders. We would also like to thank Mr.
Ernesto Bendezu Flores, who has resigned from the Board to accommodate the new
appointment, for his past efforts," stated Darryl Lindsay, Interim CEO and
Director of the Company.


Mr. Felipe Ferraro is currently the General Manager for Cori Puno SAC, a mining
and exploration company started in 2004 and owned by the principal stakeholders
of Consorcio Minero Horizonte ("CMH"). Currently, CMH is the second largest
underground gold mining company in Peru and fifth largest gold producer in all
of Peru, producing over 200,000 ounces of gold in 2012.


Mr. Ferraro was appointed General Manager of Cori Puno SAC in 2010 and holds a
Masters in Business Administration from the University ESAN-Stanford University.
Cori Puno SAC operates the Untuca open pit and underground mine in Peru, with
2012 annual production of 30,000 ounces of gold. Cori Puno SAC also engages in
exploration at Pomarani, Santa Rosa, Pullucunoyoc and additional projects in
Peru.


Mr. Ferraro's professional experience is closely linked to mining, business,
enterprise and metalworking industries, food processing and heavy equipment for
earthmoving. 


Darryl Lindsay, Ph.D. P.Geo., Interim Chief Executive Officer at Batero Gold, is
the qualified person, as defined by National Instrument 43-101, and is
responsible for the technical information provided in this release and all
future news releases.


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Darryl Lindsay, Interim CEO, Batero Gold Corporation

ABOUT BATERO GOLD 

Batero Gold Corp. is a precious and base metals exploration and development
Company. The Company is focused on two primary objectives. The first of these
objectives is the advancement of the La Cumbre oxide deposit. La Cumbre is
located within the Company's 100% owned Batero-Quinchia Gold Project, which sits
within Colombia's emerging and prolific Mid Cauca gold and copper belt. Batero
is moving the La Cumbre oxide deposit towards the goal of making a production
decision, once the appropriate level of study has been completed, and intends to
first target the near and at surface higher grade oxidized gold mineralization
at the deposit.Batero's second objective is to pursue opportunities to acquire
prospective high-grade, production focused mineral properties in Colombia and
Latin America. In pursuing both these objectives, Batero plans to leverage its
secure treasury position, strong regional relationships, experienced management
team, and long-term financial partners. Shares of the Vancouver-based company
trade on the Toronto Venture Exchange under the symbol BAT.


FORWARD-LOOKING STATEMENTS 

Certain of the statements and information in this press release constitute
"forward-looking statements" or "forward-looking information". Any statements or
information that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as
"expects", "anticipates", "believes", "plans", "estimates", "intends",
"targets", "goals", "forecasts", "objectives", "potential" or variations thereof
or stating that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions) are not statements of historical fact and
may be forward-looking statements or information.


Forward-looking statements or information relate to the Company's anticipated
content and cost of exploration programs, anticipated timing and results of
exploration programs, planned exploration and development programs, the
potential for a production decision to be made, the potential commencement of
any development of a mine at the Batero-Quinchia project following a production
decision, and the potential for any mining or production at the Batero-Quinchia
project. These statements relate to analysis and other information that are
based on expectations of future performance as set out in the PEA, including
gold and silver production and planned work programs. In addition, forward
looking statements relate to, among other things: developing the most efficient
and cost-effective leach processing circuit for the Cumbre gold deposit, the
timing and scope of expected diamond drilling; resource estimate grades on the
Batero-Quinchia project; scope of mineralization within the Batero-Quinchia
project; timing of receipt of permits and regulatory approvals; the sufficiency
of the Company's capital to finance the Company's operations; geological
interpretations and potential mineral recovery processes.


Forward-looking statements or information are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those reflected in the forward-looking statements or
information, including, without limitation, risks relating to: uncertainty as to
actual capital costs, operating costs, production and economic returns, and
uncertainty that development activities will result in a profitable mining
operation at the Batero-Quinchia project, fluctuations in the spot and forward
price of gold or certain other commodities; changes in national and local
government legislation, taxation, controls, regulations and political or
economic developments in Canada, Colombia or other countries in which the
Company may carry on business in the future; the uncertainties involved in
interpreting geological data; business opportunities that may be presented to,
or pursued by, the Company; operating or technical difficulties in connection
with mining activities; the speculative nature of gold exploration and
development, including the risks of obtaining necessary licenses and permits;
risks related to mineral resource estimates being based on interpretations and
assumptions which may result in less mineral production under actual conditions
than is currently estimated and to diminishing quantities or grades of mineral
resources as the Batero-Quinchia project is mined; and contests over title to
properties, particularly title to undeveloped properties. In addition, there are
risks and hazards associated with the business of gold exploration, development
and mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance, or the inability to obtain insurance, to
cover these risks).


Should one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in the forward-looking statements or information. The Company's
forward looking statements and information are based on beliefs, expectations,
and opinions of management on the date the statements are made. For the reasons
set forth above, investors should not place undue reliance on forward looking
statements or information.


The information in this news release is not intended to be an exhaustive review
of all matters or developments that may affect the Company. It should be read in
conjunction with all other disclosure documents of the Company. No securities
commission or other regulatory authority has reviewed the accuracy or adequacy
of the information presented in this news release.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Batero Gold Corp.
604.568.6378
604.683.1585 (FAX)
info@baterogold.com

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