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Quri Resources, Inc. (PINKSHEETS: QURI) Adds New Independent Members to the Board of Directors
QUITO, ECUADOR, Jul 08, 2009 (MARKETWIRE via COMTEX) -- Quri Resources, Inc. (PINKSHEETS: QURI) welcomes independent members Edison Veloz and Duncan Bain to its Board of Directors.
Ing. Edison Veloz originally served on the advisory board and has now accepted a position on the Board of Directors as an independent director. Mr. Veloz comes to us from the Ministry of Mines and Petroleum in Ecuador where he served as a mining Auditor. He has vast knowledge and experience conducting studies about environmental impact diagnosis and evaluation. Mr. Veloz has rendered his services for both the public and private sectors. Mr. Veloz has served as National Mining Director and Regional Mining Director of Ecuador. Within the private sector, he has consulted hundreds of local companies and some major mining companies such as: ARB Inc., COLISA, CULTEX and ODIN Mining International Inc. He has a post-graduate degree in Sustainable Development of Minerals from the Japan International Cooperation Agency, and currently he is member of the advisory board of several mining companies wishing to enter into the Ecuadorian market.
Duncan Bain is a Director of several junior mineral exploration companies. He has been in the exploration and mining industry since he was an undergraduate student in 1975. He has run an exploration consulting firm since 1986 whose work has included supervision of grassroots to advanced stage programs which have included airborne and ground geophysics, mapping, geochemical sampling, trenching and drilling, and has worked in both underground and open pit operations. He has reviewed numerous gold, silver, base metals and diamond properties in a wide range of geological environments, both in Canada and internationally, in the southwestern U.S., Mexico, Ecuador, Peru, Colombia, Portugal, Saudi Arabia, China and Papua/New Guinea. Mr. Bain has written numerous technical reports required for securities filings by Canadian and U.S. securities commissions. Mr. Bain has served as an advisor previous to this appointment and he had previously accepted a position in April but has not been available until now.
Jaime S. Gomez, CEO and President of Quri Resources, Inc., stated, "We welcome Mr. Bain and Mr. Veloz to our growing team. They have worked with us in the past, as independent consultants (in their respective fields of expertise), and having them accept positions on our Board of Directors, as independent directors, validates Quri Resources as a growing company with major potential. I look forward to working with them."
Quri Resources Inc. Acquires La Conquista
QUITO, ECUADOR, Jun 29, 2009 (MARKETWIRE via COMTEX) -- Quri Resources, Inc. (PINKSHEETS: QURI) is pleased to announce that it has acquired the Conquista project in South America.
Quri Resources, Inc. announces today that it has acquired 100% interest in the Conquista Gold mines, (990 hectares). This property is located 150 kilometers northwest of Quito. Conquista has 2 working mines, the Santa Teresa and Palanzuro. Free gold can be observed and concentrations of up to 10 grams per ton are present. Past production in addition to continued sampling have shown probable gold deposits exceeding management's original expectations. It is the intention of the company to begin production within 3 months.
Eduardo Munoz, VP of Quri Resources, Inc. stated, "We have been on site for 5 months studying the property, today our plans materialized. It gives me great pleasure to see the company moving towards growth and success. We are slowly transforming from a junior exploration company to a gold producing company. Ecuador is moving closer to becoming one of the important mining sectors in the Americas and we want to grow along with the country. Kinross just finished its acquisition of Aurelian; Dynasty Minerals, Corriente, Nortec Ventures, International Minerals Corp, just to name a few are among some of the majors also positioned in Ecuador, we are amongst good company. Everyone should expect to hear more exciting news in the near future." Mr. Munoz also stated, "We should be able to go into production with La Conquista in the next 3 months starting production at approximately 4kilos of gold per month and at today's gold prices we are looking at a revenue stream of $100,000 per month. We should be able to increase our production to 10kilos of gold per month 6 months after we begin operations, bringing our revenues up over $280,000 per month. This would certainly enhance our cash position allowing us to continue our intensive exploration of the area. Needless to say, we're ecstatic with the course we've taken today."