Oct. 7, 2010 (Filing Services Canada) --
Maudore Minerals Ltd. (MAO - TSX Venture, MAOMF - OTCBB, M6L - FWB), FSC / Press Release
Maudore Minerals Appoints Chief Financial Officer
Montreal, Quebec CANADA, October 07, 2010 /FSC/ - Maudore Minerals Ltd. (MAO - TSX Venture, MAOMF - OTCBB, M6L - FWB), is pleased to announce the appointment of Ron Amstutz, C.A., to the position of Chief Financial Officer.
After graduating in 1979 (McGill University, Montreal - B.Comm.), Mr Amstutz became a member of the Quebec Order of Chartered Accountants and worked with Deloitte & Touche until 1991. Subsequently, he formed an accounting firm, Amstutz Mackenzie & associe, which provides accounting services to a wide cross section of businesses, as well as merger and acquisition advisory consulting services in the Montreal area.
Mr. Amstutz is a director and/or secretary-treasurer with a number of companies. Within the mining sector, he has been the Chief Financial Officer of Niocan Inc. since 2006 and has been auditor for the Baskatong Quartz Mine in Quebec for 20 years.
Ron Amstutz is a Director and the Treasurer of the Swiss-Canadian Chamber of Commerce and speaks fluent French, English, and Swiss-German. Ron Shorr, Maudore's CEO, said "It's great to have a CFO of Ron Amstutz's calibre on board with us. His accounting experience with mining operations and his international relationships provide Maudore with skills sets that will ensure strong financial control as the company grows and develops mining opportunities, including the Comtois gold project in Quebec."
43-101 Resource Estimate Available
A recently updated 43-101 Resource Estimate Report more than doubled the previously stated resource at Maudore's Comtois Gold Project. The complete 153-page report is available for viewing or download at www.maudore.com and at www.sedar.com.
About Maudore Minerals Limited
Maudore owns 100% of the Comtois Gold Project in Quebec, Canada. The Inferred Mineral Resource at Comtois currently consists of a contained 1,212,793 ounces of gold [3,250,000 tonnes at 6.8 g/t Au (at a minimum cut grade of 3 g/t Au underground (below 150m) and 4,876,000 tonnes at 3.2 g/t Au in the first 150m, having open pit potential. These estimates employ a capping of high grade gold values at 65 g/t Au. For purposes of comparing the current resource estimate with the earlier one, the uncut estimate represents over 1.4 million ounces gold.
Maudore also owns a large land package west of Comtois with volcanogenic gold/massive sulphide (VMS) potential. VMS gold deposits are more common in Quebec than anywhere else in the world. Maudore holds 1160 claims covering an area of 56,000 hectares (138,000 acres, or 215 square miles, larger than Liechtenstein), extending from Comtois west 95 kilometres to beyond the Sleeping Giant Mine.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that the actual developments or results may vary materially from those in these "forward-looking statements".
Neither the 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 news release.
On behalf of the Board of Directors, Maudore Minerals Ltd:
Ronald Shorr,
Chairman of the Board/CEO and Director
(514) 761-1415
info@maudore.com
1000 de la Gauchetiere West 24th Floor
Montreal, QC, H3B 4W5 CANADA
Telephone: 514-761-1415
Fax: 208-474-1560
Website: www.maudore.com
Email: info@maudore.com
Source: Maudore Minerals Ltd. (MAO - TSXV) www.maudore.com
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Source: Maudore Minerals Ltd. (MAO - TSXV) www.maudore.com
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Source: Maudore Minerals Ltd. (MAO - TSXV) www.maudore.com
Maximum News Dissemination by Filing Services Canada Inc. *
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