Elcora Appoints New General Manager at Sakura - Ragedara Mine
HALIFAX, NOVA SCOTIA / ACCESSWIRE / September 20, 2016 / Troy Grant, President and CEO of Elcora Advanced Materials Corp. (TSXV: ERA) (OTCQB: ECORF) (FSE: ELM), (the "Company" or "Elcora"), is pleased to announce the appointment of Klaus Leiders as the General Manager for the Sakura Joint Venture's Ragedara mine. Mr. Leiders join at an opportune time as the Company recently discovered additional graphite veins at the Ragedara Mine.
Mr. Leiders, a German national, is a mining engineer and brings extensive experience to the Sakura Joint Venture. He will oversee all facets of the operation, including the processing plant and the mine. Another key role will be to interface with customers like ThyssenKrupp and Senior Management of both Joint Venture Partners. Mr. Leiders' expertise in narrow vein mining and mine management will add to the strength and capability of the mining team in Sri-Lanka. He will reside at the Ragedara Mine Site in Sri Lanka.
The appointment of Mr. Leiders will improve the development of the mine and integration of the mill in order to expand the production capabilities and performance of both the mine and the mill. In addition, he will ensure the effective management and liaison between major customer, ThyssenKrupp, and other clients" said Troy Grant, Elcora's President and CEO. Mr. Grant further comments "The successful exploration of additional veins in the last month positively influences the development of the mine towards expanding production within the next quarters".
Ian Flint, Ph.D., P.Eng., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.
About Elcora Advanced Materials
Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company that mines, processes, refines graphite, and produces both the graphene and end user graphene applications. As part of the vertical integration strategy, Elcora has secured high-grade graphite and graphene precursor graphite from its interest in the operation of the Ragedara mine in Sri Lanka which is already in production. Elcora has developed a unique low cost effective processes to make high quality graphite and graphene that are commercially scalable. This combination means that Elcora has the tools and resources for graphite and graphene vertical integration.
For further information please visit the company's website at http://www.elcoracorp.com
For further information please contact: Troy Grant, Director, President and CEO, Elcora Resources Corp., T: 902 802-8847 F: 902 446-2001.
CAUTIONARY STATEMENT:
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
SOURCE: Elcora Advanced Materials Corp.