Orovero Resources Corp. (formerly Golden Alliance Resources Corp.) (TSX-V: OVR, Frankfurt: GA0, "Orovero" or the "Company") is pleased to announce that Mr. Carlos Fernandez Mazzi and Mr. Carlos Mirabal have joined the Advisory Board effective immediately. In addition to his duties as member of the board of directors, Mr. Fernandez will provide assistance in project development and community relations. Mr. Mirabal has had a long career in the mining business and has been instrumental in the creation of two significant mining concerns from inception to maturity. In addition to extensive operational experience, Mr. Mirabal is an experienced metallurgist.
"Rio Tabaconas is a very interesting project. Locally, gold grades and the thickness of the mineralized bodies at Cerro Tablon are significant and near surface, which indicates that some areas could be placed into small scale production, in a reasonable time frame, after permitting and the necessary work to define economic mineralization is completed. In addition, more exploration work is needed to test the extensive IP chargeability anomalies discovered at Cerro Las Minas that could eventually lead to the definition of one or more bulk mineable deposits. I look forward to assisting where I can," stated Mr. Carlos Mirabal.
"We welcome both Carlos and Carlos to the Advisory Board. In addition to the announcements made last week, we now have over 130 years of diversified mining experience on our Advisory Board. With their assistance, we will continue to pursue ways to advance our flagship property while assessing business opportunities focussed on revenue generation," stated Orovero's President, Len Clough.
Carlos Fernandez Mazzi
Mr. Fernandez Mazzi's career spans over 20 years in international business, highlighted by his leadership as Chief Executive Officer of the Bolivian subsidiary of APEX Silver Mines where he led the strategy, financing and development of the San Cristobal Project. With over $1.0 billion of investment, this 40,000 tonne per day project represents one of the largest mining investments in the country, with substantial contributions to regional infrastructure, mining capacity and job creation. Additionally, San Cristobal gained international recognition for sustainable solutions to human development through social entrepreneurship initiatives.
Until recently, Mr. Fernandez Mazzi was Chief Executive Officer of the William J. Clinton Foundation's Clinton Giustra Sustainable Growth Initiative, CGSGI, an initiative committed to narrowing the wealth gap in the developing world through market-driven projects. As part of his responsibilities, he spearheaded the launch of the ACCESO Fund LLC, a pioneer impact investment fund in Colombia.
Throughout his career Mr. Fernandez Mazzi has held numerous leadership positions including President of the American Chamber of Commerce -- AMCHAM in Bolivia, and served on numerous boards such as the Bolivian Business Council for Sustainable Development, the Bolivian Miner's Association and the Private University of Bolivia UPB. He was appointed as Honorary Consul for Australia in Bolivia and was also invited to be a member of the Latin American Business Council, CEAL.
Mr. Carlos Mirabal served as President, CEO, and Director of Orvana Minerals Corp. from 2006 until 2010. He has served as Chief Operating Officer and Director from 2010 until 2011 and until recently, Mr. Mirabal served as Executive Chairman of Empresa Minera Paititi S.A. (Bolivian subsidiary of Orvana) while maintaining a position on the Board of Directors until May 2012. Prior to joining Orvana, Mr. Mirabal was Vice President of Operations of Sinchi Wayra S.A., (formerly Compania Minera del Sur S.A. ("Comsur")), a Bolivian mining company. Comsur provided various services to a subsidiary of Orvana from January 2002 to September 2005, during which time Mr. Mirabal was Vice President of Operations of Comsur.
About Orovero Resources Corp.
Orovero is a company focused on gold, copper and silver exploration in Peru. The Company has a very strong portfolio of 100%-owned highly prospective projects, offering multiple opportunities for a significant discovery. Orovero is a member of the Grosso Group, a management company active in the resource exploration industry since 1993, and working in Peru since 1995.
ON BEHALF OF THE BOARD
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
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