• Tuesday, 23 August 2011 12:18
Auryx interns Auryx interns

Auryx Gold Corp. developing Namibian mining skills

Auryx Gold, the Canadian growth-focused resource company engaged in the acquisition and exploration of gold projects in Namibia, is committed to developing more than just resources but also Namibian mining skills. It demonstrates this with the announcement of the company’s intake of learnership students recently trained at the Otjikoto site as well as at Auryx facilities, in Otjiwarongo.

Currently studying at the well-known mining training institution, Zimbabwe School of Mines, the two students hope to develop their knowledge of the industry and improve their skills with a view to developing a successful career in mining.  Auryx trained the students for four weeks during their vacation period to develop practical mining skills and experience needed in this demanding and dynamic industry. By supporting these initiatives, Auryx Gold is demonstrating its commitment to skills development in Namibia.

Filomine Andowa, a Mining Geology student, says “I would like to thank Auryx Gold for the opportunity in gaining hands-on experience in the Geology field. My daily work includes using the software package Sable, helping with core sampling and learning how to do core logging. As it was my first time working with Gold, I could not believe that one could see Gold with the naked eye. This internship has really been worthwhile”

“Since I’ve started doing my training in the company, I’ve been gaining a lot of experience and exposure in the exploration and mining industry as a whole. I appreciate all that Auryx has done for us and providing accommodation on site during the internship period. I hope to be a part of the company in the near future and have completed my studies,” added Amon Teofelus, a Mining Engineering student also involved in the internship.

The Zimbabwe School of Mines is a regional centre for excellence that serves the Southern African Development Community (SADC) mining industry and produces high caliber, qualified, hands-on technicians. The school offers a tailor-made curriculum to suit the requirements of the mining industry and the ever evolving technological developments.

Dr. Leake Hangala, Director of Auryx Gold Namibia: “We are very happy to be able to offer opportunity to young future mining managers and/or earth science professionals as we believe that such training will not only greatly enrich the lives but also benefit the country. I urge these young students to take their training with Auryx Gold Namibia at Otjikoto seriously because doing so will increase their employability in the industry and the possibility of joining the company once they have finished with their studies.”

With experience in growth and development of gold and precious metal deposits, Auryx is focused on advancing the Otjikoto gold deposit near Otavi. With future operations in this region, the company will be generating and providing employment as well as assisting in developing the economy of the country

The board of directors of Auryx determined that it was in the best interests of the Company to have its common shares dual listed on the Toronto Stock Exchange and the Namibia Stock Exchange to:

  • assist in creating greater public awareness of Auryx in Namibia and South Africa
  • demonstrate the Company’s commitment to Namibia given the location of the Otjikoto gold deposit within Namibia
  • provide Namibian and South African investors and institutions with easier access to ownership of Auryx common shares
  • afford the Company’s Namibian and South African employees with the opportunity to participate in the Company's project

For further press information please contact:

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Zukiswa Nomnganga, Account Manager

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Facts and Figures

About Auryx Gold:

Auryx Gold Corp is a well financed company with a management team experienced in the acquisition, growth, and development of gold and precious metal deposits. Auryx is focused on advancing the Otjikoto gold deposit in Namibia.

  • Satellite & regional targets
  • Province-scale potential
  • Experience in capital markets and African mining & finance
  • 76,000m of drilling complete, extensive technical work concluded
  • Jul-09 scoping study (Minxcon & GRD MinProc) established economic base case

The name Auryx is an adaptation from the large antelope synonymous with the landscape of the Namib – the oryx – merged with the periodic table of elements term for gold – ‘Au’.

Directors and Management

Bongani Mtshisi, Chairman
Mr. Mtshisi is a Mining Engineer and CEO of BSC Resources Ltd, an exploration company active in the development of copper & nickel assets in South Africa. BSC is the owner of the Insizwa Ni project (ex Falconbridge), which is being developed under option by Vale of Brazil. Mr. Mtshisi has worked for DeBeers and Anglo and has had exposure to a wide variety of commodities, including coal, diamonds, PGM's, gold and base metals.

Tim Searcy, President & Director
Mr. Searcy is a registered Professional Geologist in BC with over 15 years of international experience in mining. Mr. Searcy is the former President, CEO, & Founder of Luna Gold Corp (TSX-V: LGC) and former V.P. Business Development & Founder of Nautilus Minerals Inc. (TSX: NUS).

Heye Daun, President
Mr. Daun is a qualified mining engineer with extensive mine building and finance experience. He is the former Mine Superintendent at AngloGold's Sadiola & Yatela Mines and a former Mine Manager at Gold Field's Tarkwa mine in West Africa. For the past 5 years he has been engaged in mining project finance and fund management in Africa and he is currently a partner with the Bright Group, an established South African niche finance house.

Alan Friedman, VP Corporate Development & Director
Mr. Friedman is a South African qualified attorney and has played an integral role in the acquisition of various assets, financings, and go-public transactions for client companies. He is currently a director and co-founder of Adira Energy Ltd, Tova Ventures Inc and Rivonia Capital Inc. He is a director of the Canada-South Africa Chamber of Business.

Alan Rootenberg, Chief Financial Officer
Mr. Rootenberg is a chartered accountant designated in both South Africa and Ontario. He has served as the CFO of a number of publicly traded mineral exploration companies listed on the TSX & TSX-V.

Directors

Tim Searcy, President & Director

Heye Daun, President - Africa & Operations & Director

Alan Friedman, VP Corporate Development & Director

George Pirie, Director
Mr. Pirie is the former President & CEO of Breakwater Resources Ltd. (TSX: BWR) and former President & CEO of Placer Dome (Canada) Ltd. Mr. Pirie held various progressive positions in a number of Placer's divisions over approximately 20 years, including CFO, Placer Dome North America and Canada respectively; President and CEO, Placer Dome Canada; and Executive VP, Placer Dome Inc. Mr. Pirie has served on a number of boards including the Mining Association of Canada.

Tony Harwood, Director
Dr. Harwood is a Johannesburg based junior mining executive and director, with 25+ years in exploration, including 8 years as VP of Generative Exploration in Africa and Asia for Placer Dome. Dr. Harwood previously lectured at Universities in South Africa and the UK.

David Hodgson, Director
Mr. Hodgson was employed by the Anglo American and De Beers group of companies for over 30 years. From November 2001 through to his retirement in April 2005, Mr. Hodgson served as the Chief Operating Officer of Anglogold Ashanti, where he was responsible for overseeing the production of approximately six million ounces of gold per annum, from 22 operations.