Business
Appointment of Head of Exploration & Karan Update
Appointment of Head of Exploration & Karan Update.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8603K African Mining & Exploration PLC 22 July 2011 \n \n\n \nAfrican Mining and Exploration plc.\n(\"AME\" or \"the Company\")\nAppointment of Head of Exploration and Karan Permit Update\n \n \nAppointment of Head of Exploration\n \nAfrican Mining & Exploration plc. (AME), the AIM listed mining company with exploration licences in West Africa, is pleased to announce the appointment of Ebo Bakker as Head of Exploration with effect from August 15th. He will be based at our West African headquarters in Bamako, Mali.\n \nEbo, a Dutch National, is a Geologist with over 30 years' experience gained in diverse geographical areas across Europe, North America and West Africa. Throughout his career Ebo has taken on roles of increasing responsibility and in addition to his extensive field geology experience he has been involved in leading business case evaluations for mining and exploration opportunities. \n \nThe Board has also determined to grant Ebo Bakker 300,000 options over ordinary shares in the Company under the Share Option Plan A.. In accordance with the rules of Share Option Plan A, the vesting of these options is linked to the success of the Company's exploration program. \n \nMark Jones, AME's CEO commented that: \n \n\"We are delighted to welcome Ebo to the AME Management team. We are confident that his wealth of experience and skills will be key in shaping our exploration strategy, and further developing our strong technical team of geologists. This appointment means that AME's management structure is now well equipped to meet our strategic goals and provides further testament to the Company's potential.\"\n \nKaran Permit Update\n \nScreened fire assay results confirm original routine fire assay results. Geophysical survey work now underway over Kouroudjin target.\n \nAME also announces that screened fire assay results have been received from the recent RC drilling programme at its 100% owned Karan project in Southern Mali. An induced polarization survey is also underway over the Kouroudjin target, an area that identified the highest gold values during this year's RC drill programme. Follow-up drilling is scheduled for October 2011.\n \nFollowing encouraging gold intercepts during drilling across targets on AME's Karan project,...