Business
Montan Mining Corp. Adds to Peru Operational Team with Addition of Mr. Jose Luis Garcia Yrivarren as VP Operations
VANCOUVER , May 28, 2015 /CNW/ - Montan Mining Corp. (TSXv: MNY) (FSE: S5GM) (the "Compan...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"\n\nVANCOUVER, May 28, 2015 /CNW/ - Montan Mining Corp. (TSXv: MNY) (FSE: S5GM) (the \"Company\" or \"Montan\") is pleased to announce the addition of Mr. Jose Luis Garcia Yrivarren as VP Operations in Peru. \n\nMr. Garcia was previously employed in a comparable role at Peru's largest private gold processing company, a firm that produced 79,966 ounces of gold in 2014 through its gold milling facility located in the Chala district. During his tenure, Mr. Garcia was responsible for the organization and formalization of mineral feed purchases as well as overseeing the business' mineral supply chain which is secured through satellite receiving stations dispersed among the established gold production districts in southern Peru. \n\nIn his former role, Mr. Garcia assisted in achieving a 300% gold production increase, as well as improving average feed grade from 0.53 oz per ton (\"oz/tn\") to 0.79 oz/tn gold. Mr. Garcia also helped shorten the feed assay and mineral supply payment process, reducing wait time for miners and rendering the process more efficient and transparent. Mr. Garcia was also responsible for helping miners through the formalization process. Mr. Garcia helped maintain rigorous safety standards which among other things reduced the average number of transport accidents from five per year to one per year during his tenure. \n\nMr. Garcia is a graduate of the University of San Martin (B.A Econ) and holds a Diploma of Finance from ESAN, Peru's most prestigious business school. \n\n\"Montan is delighted with Jose Luis' decision to join our Peru-based operational leadership team: his experience will have a direct and positive influence on our client stewardship initiatives and will provide us with the ability to build a mineral feed gathering (acopiador) team that will secure our mineral supply requirements in the near term,\" said Luis F. Zapata, Executive Chairman of Montan.\n\nMontan recently entered into a binding letter agreement with Goldsmith Resources SAC to acquire an operating gold processing plant (Mollehuaca) as well as an operating mine (Eladium) in southern Peru. The Mollehuaca Processing Plant was recently expanded and has both a carbon-in-pulp (\"CIP\") circuit as well as a flotation circuit with a total capacity of approximately 150 tons per day (\"tpd\"). The operating circuits provide flexibility for proc...