Metallica Resources Announces Board Appointment
20 Diciembre 2007 - 7:30AM
Marketwired
TORONTO, ONTARIO (AMEX: MRB) is pleased to announce that Mr.
Thomas F. Pugsley has been appointed to the Board of Directors. Mr.
Pugsley replaces Oliver Lennox-King who resigned from the Board in
June in order to focus on his other business activities.
Mr. Pugsley has over 40 years of extensive experience in
building and operating mines and will prove to be a valuable
addition to the Metallica Board. Mr. Pugsley is currently the
Chairman and Director of First Nickel Inc. Prior to that, he held
various senior management positions for Falconbridge Limited
including Senior Vice President, Projects and Engineering which
included responsibilities for the US$1.8 billion Collahuasi Project
in Chile, development and construction of the Raglan Project in
Nunavut, Quebec, and evaluation and development of the Koniambo
Project in New Caledonia.
"We are very pleased that Tom has joined our Board of
Directors," said Craig J. Nelsen, Chairman of Metallica. "Tom's
relevant experience will be beneficial to the Board and will add
value to Metallica as we enter our next phase of growth," concluded
Mr. Nelsen.
Mr. Pugsley holds a Bachelor of Science in Mining Engineering
from the Royal School of Mines in London England and a Masters
Degree in Mining Engineering from McGill University in
Montreal.
Metallica Resources is a Canadian precious and base metal
exploration and development company focused on the Americas. It
currently has 92.6 million shares outstanding. As of September 30,
2007 it had approximately US$16.8 million in cash and cash
equivalents with no debt. For further details on Metallica
Resources, please visit the company's website at
www.metal-res.com.
INFORMATION IN THIS NEWS RELEASE THAT IS NOT CURRENT OR
HISTORICAL FACTUAL INFORMATION MAY CONSTITUTE FORWARD-LOOKING
INFORMATION OR STATEMENTS WITHIN THE MEANING OF THE UNITED STATES
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND APPLICABLE
CANADIAN SECURITIES LEGISLATION. IMPLICIT IN THIS INFORMATION,
PARTICULARLY IN RESPECT OF STATEMENTS AS TO FUTURE OPERATING
RESULTS AND ECONOMIC PERFORMANCE OF THE COMPANY, AND RESOURCES AND
RESERVES AT THE COMPANY'S MINERAL PROJECTS, ARE ASSUMPTIONS
REGARDING PROJECTED REVENUE AND EXPENSE, GOLD, SILVER AND COPPER
PRICES, AND MINING COSTS. THESE ASSUMPTIONS, ALTHOUGH CONSIDERED
REASONABLE BY THE COMPANY AT THE TIME OF PREPARATION, MAY PROVE TO
BE INCORRECT. READERS ARE CAUTIONED THAT ACTUAL RESULTS ARE SUBJECT
TO A NUMBER OF RISKS AND UNCERTAINTIES, INCLUDING RISKS RELATING TO
GENERAL ECONOMIC CONDITIONS AND MINING OPERATIONS, AND COULD DIFFER
MATERIALLY FROM WHAT IS CURRENTLY EXPECTED. THE COMPANY DISCLAIMS
ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING
STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS
OR OTHERWISE.
Contacts: Metallica Resources Inc. Richard J. Hall President and
CEO (303) 796-0229, Ext. 304 Website: www.metal-res.com
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