Business
Corporate and Operational Upd
Corporate and Operational Upd.
About this update from Talisman Metals Plc
[{"type":"text","content":"\n RNS Number : 4707J Ovoca Gold PLC 31 March 2010 \n \n\n \nRNS Number: \nOvoca Gold PLC\n31 March 2010\n \nOvoca Gold plc (\"Ovoca\" or the \"Company\")\nOperational and corporate update\n \nHighlights:\n \n· Change in Board of Directors\n \n· Mobilization on Rassoshinskaya\n \n· US$45.7 million of Cash and Equity Investments, pro forma as at end 29 March 2010\n \n· Corporate Developments, including management changes, Company office move\n \n \nChange in Board of Directors\n \nAppointment of Donald Schissel (58) as a Non-Executive Director with effect from 30 March 2010\nMr. Schissel has recently retired from BHP Billiton after a career than extends back with that company for almost 30 years. Donald was Regional Exploration Manager - Eurasia between 1992 - 1999, as well as Exploration Manager - Russia and Kazakhstan between 2005 - 2009. During Don's tenure at BHP he was involved in the team discovery of the Oyu Tolgoi porphyry copper deposit in Mongolia (currently a core asset of Ivanhoe Mines Ltd (Nasdaq: IVN)), the Jinlong gold deposit in China, and the Fedorova Tundra PGM deposit in Russia. Donald has an MSc Geology from University of Montana, Missoula, Montana USA.\n \nMr. Schissel currently has no other directorships. Mr. Schissel was a director of the following companies in the last five years:\n \nRio Algom Ireland Limited, which went into voluntary liquidation in May 2008\nBHP Billiton World Exploration Inc \n \nThere is no further information that is required to be disclosed pursuant to Schedule Two paragraph (g) of the IEX Rules or the AIM Rules in relation to Mr. Schissel.\n \nRowan Maule has resigned his position as a director of the Company with immediate effect.\n \nTim McCutcheon, CEO, comments: \"We are extremely excited about Don joining our board. He brings to Ovoca extensive knowledge and experience of successfully running exploration operations. Additionally, Don has long term experience working in Russia, and he is very familiar with the opportunities and challenges of working in this part of the world. The Company thanks Rowan for his valued technical advice during his long tenure with the Company (since 20...