Golden Cycle Gold Corporation Announces the Appointment of Donald L. Gustafson as Vice President - Exploration
16 Agosto 2004 - 7:08PM
PR Newswire (US)
Golden Cycle Gold Corporation Announces the Appointment of Donald
L. Gustafson as Vice President - Exploration COLORADO SPRINGS,
Colo., Aug 16 /PRNewswire-FirstCall/ -- Golden Cycle Gold
Corporation (OTC:GCGC) is pleased to announce that Donald L.
Gustafson has joined the Company as Vice President - Exploration
effective August 1, 2004. Mr. Gustafson will remain a member of the
Board of Directors with the title of Director & Vice President
- Exploration. Mr. Gustafson was previously involved with the
Company as a geological consultant, and had been instrumental in
the Company's acquisition of the Illipah and Tabletop gold projects
in Nevada. Mr. Gustafson brings thirty-nine years of experience in
exploration and development of mineral properties, both
domestically and internationally, and a proven record of success to
the Company. He previously worked with Homestake Mining Company as
Manager of their Deposit Development for six years, where he played
a significant role in the discovery and development of its
McLaughlin Mine in Northern California. He then completed a
five-year stint as Vice President and Director of Exploration for
Homestake International Minerals LTD, where he concentrated on the
Asian, South Pacific, Central and South American regions. Donald
Gustafson received his Bachelor's degree in Geology and Mineralogy
from the University of Colorado, and remained at the institution to
complete his Master's Degree in Geology. He is a member of the
Society of Exploration Geologists, the Society of Mining Engineers,
the Geological Society of Nevada and the Northwest Mining
Association, as well as an author of articles appearing in various
industry publications. "Mr. Gustafson will enable the Company to
pursue a primary corporate objective of increasing shareholder
value through exploration, development and acquisition of mineral
properties in North American and beyond," said Mr. R. Herbert
Hampton, President & Chief Executive Officer. Mr. Gustafson
will devote 50% of his time to GCGC, utilizing his expertise to
develop a corporate exploration strategy and team to search for and
acquire high quality gold projects. Golden Cycle Gold Corporation
(GCGC) discovers, develops, and mines precious metal properties.
Headquartered in Colorado Springs, Colorado, the Company's primary
operations consist of surface gold mining activity in the Cripple
Creek & Victor Mining Company, a joint venture with AngloGold
(Colorado) Inc., a subsidiary of AngloGold Ashanti Ltd., the
world's second largest gold producer. The Company trades on the
over-the-counter (OTC) market under the symbol "GCGC." As of August
12, 2004, GCGC had 9,629,350 shares outstanding. For further
information, please visit http://www.goldencycle.com/ This letter
includes forward-looking statements involving risk and
uncertainties that could cause actual results to vary materially
from projected results. These include but are not limited to
changing commodity prices; differences in ore grades and tons mined
from those anticipated; successful mining and milling at currently
planned rates; changes in project parameters as plans continue to
be refined; continued compliance with environmental permits; the
results of current exploration activities and new exploration
opportunities; the conclusion of feasibility studies currently
under way; and the political and economic risks associated with
foreign operations. Please refer to a discussion of these and other
factors in the company's 10-K, 10-Q and other Securities and
Exchange Commission filings which will be provided to you upon
request. DATASOURCE: Golden Cycle Gold Corporation CONTACT: R.
Herbert Hampton, President & CEO of Golden Cycle Gold
Corporation, +1-719-471-9013 Web site: http://www.goldencycle.com/
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