Friday, 3rd September 2004 (2793 views)

Ramston Corporation has signed an agreement to earn up to an 85 per cent interest in the Daguan gold exploration property.

The advanced stage gold exploration project is approximately 19 square kilometres and is located in the Guizhou province in China.

With the potential to host a large Carlin style gold resource, the acquisition effectively changes Ramston's focus to gold and precious metal exploration concentrating aggressively on the emerging region of southwest China.

On the same day, the company announced a number of new appointments of officers and members of the Board of Directors.

William H Anderson has been appointed as president, CEO and chairman and Kenneth R Thorsen is now the vice president of exploration.

David Jeffrey Stewart is the chief financial officer, Steve S Kubota has been given the post of vice president of corporate communications and Chand S Jagpal has been appointed as corporate secretary.

Michael Horner has resigned as a director to actively pursue other business interests and the company has wished him well.

A statement said: "The Ramston management team has many years of experience in exploration, financing and development of gold and resource properties across North America and Internationally.

"Ramston's strategic objective is to acquire, finance and develop advanced stage gold and precious metal properties in China."

 

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