Seafield Announces New General Manager for Its Colombian Operations
TORONTO, ONTARIO -- (Marketwire) -- 08/11/11 -- Seafield Resources Ltd. ('Seafield' or the 'Company') (TSX VENTURE: SFF) is pleased to announce that Giovanny Ortiz, formerly the Exploration Manager of Angostura Project in Santander department, Colombia, will become the Company's General Manager in Colombia.
Mr. Ortiz is a Colombian geologist with over 15 years experience in exploration in the country. He has an unique ability to form work teams and he understands the geology of Seafield's Quinchia Project. Seafield will develop an important Colombian exploration and development team under his direction.
Giovanny Ortiz started work at Angostura in 1997 as exploration geologist and rose to become Exploration Manager. He led a team of over 25 geologists, civil and mining engineers and technicians. He handled 12 drill rigs turning simultaneously on the property, drilled 350,000 meters and performed 3,000 meters of underground development. This work resulted in a resource in excess of 15 Mozs of gold. Mr. Ortiz led the effort on the resource estimate front, taking Angostura to Pre-Feasibility and Feasibility levels.
Mr. Ortiz is a Member of the Australasian Institute of Mining and Metallurgy and has acted as Qualified Person under Canadian National Instrument 43-101.
The mandate for the new Colombian General Manager is to take control of Seafield's exploration activities. Mr. Ortiz will form an in-house exploration team for Seafield Colombia and review the current work program with the purpose of maximizing value through the development of the Company's main assets. The company is also pursuing the acquisition of new mining properties.
Mr. Ortiz will attend tomorrow's kick-off meeting with SRK for the execution of a scoping study on Miraflores.
Giovanny Ortiz will begin immediately as a consultant to Seafield, and assume his role as General Manager officially on September 15th, 2011, as he winds up other commitments.
Seafield President and CEO, Cesar Lopez stated, 'When looking for a Colombian General Manager, we wanted a Colombian national who not only understands the complexities of the country and commands the respect of his peers and team, but has a perfect balance of experience and skills required for a safe and successful operation. I'm extremely pleased to say we have all of that with Giovanny. He'll be a great General Manager for Seafield Colombia and a great leader for our team.'
About Seafield
Seafield is a mineral exploration company focused on acquiring and advancing precious metals projects in Colombia. Seafield's flagship Quinchia project is located in the prolific Mid-Cauca gold belt with a land position spanning 6,757 hectares. For more details, please visit www.sffresources.com.
This news release includes certain 'forward looking statements' within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the 'Risk Factors' section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.
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.
Contacts:
Seafield Resources Ltd.
David MacMillan
Investor Relations
416-367-4571 ext. 226
dmacmillan@sffresources.com
www.sffresources.com