Advanced Mineral Technologies, Inc. Announces Appointments of New Board Members
2007-08-08 08:30 ET - News Release
FAIRFIELD, Idaho -- (Business Wire)
Advanced Mineral Technologies, Inc. (Pink Sheets:AMTO), a silver and gold exploration and development company, today announced the appointments of H. Philip Cash, Cletius Rogers, and Peter Short to the Company’s Board of Directors.
From 1963 to 1972, Mr. Cash was president of three companies, Raw Materials Export Corporation, P&WR and Continental Industrial S. A. All three companies were engaged in mining, processing, and marketing in both the United States and Mexico. In 1972, Mr. Cash incorporated Advanced Mineral Technology, Inc. for the purpose of mineral exploration, mine development and operating both as an owner and under management contracts for other corporations. Mr. Cash received a Bachelor of Science in Metallurgical Engineering from the Colorado School of Mines in 1965. Mr. Cash also serves as President and CEO of Advanced Mineral Technologies, Inc.
Mr. Rogers is a retired Air Force officer and holds a degree in Business Administration. He has studied and worked closely with the minerals business since retiring from the Air Force in 1979. During that time, he has operated several medium-sized mining operations and currently deals in used mining equipment. Mr. Rogers is also VP of Operations for Advanced Mineral Technologies, Inc.
Mr. Short has over 30 years of international banking & finance experience coupled with active involvement in the bullion markets as chief precious metals and money market trader for a North American refinery. Additionally, Mr. Short has many years experience in investments, having been a branch commodities manager of a major Canadian investment company. Mr. Short, also an accomplished speaker, has lectured on precious metals markets across western North America.
About Advanced Mineral Technologies, Inc.:
Advanced Mineral Technologies, Inc. wholly owned subsidiary, AMT Industries Canada, Inc. owns the rights to the Tillicum Mountain Gold Property in south-eastern British Columbia, Canada. The property consists of approximately 16,000 acres over 28 land tenures in the Slocan Mining Division, about 200 miles north of Spokane, Washington. The rights include extensive reserves of extremely high grade gold and silver situated in an underground deposit. Over $12 million has been spent so far on the project.
The gold ore reserve calculations carried out in the 1996 Addie geology report show 500,000 ounces of drill indicated proven reserves and 250,000 ounces of reserves in other categories. Current valuation of the Tillicum Mine is $320 million. The project consists of four areas with the East Zone being the most lucrative although several of the zones have discernable gold ore at several different levels, as measure in meters.
Safe Harbor: Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as `Forward-Looking Statements' for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including `anticipate,' `await,' `envision,' `foresee,' `aim at,' `plans,' `believe,' `intends,' `estimates,' `expects' and `projects' including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.
Contacts:
For Advanced Mineral Technologies, Inc., Fairfield
The Cervelle Group
Rob Karbowsky, 407-475-9966, Fax: 407-475-9859
rob@thecervellegroup.com
Source: Advanced Mineral Technologies, Inc.
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