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Friday, 3rd September 2004 (4237 views)

Ramston Corporation has signed an agreement to earn up to an 85 per cent interest in the Daguan gold exploration property.<BR/><BR/>The advanced stage gold exploration project is approximately 19 square kilometres and is located in the Guizhou province in China.<BR/><BR/>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.<BR/><BR/>On the same day, the company announced a number of new appointments of officers and members of the Board of Directors.<BR/><BR/>William H Anderson has been appointed as president, CEO and chairman and Kenneth R Thorsen is now the vice president of exploration.<BR/><BR/>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.<BR/><BR/>Michael Horner has resigned as a director to actively pursue other business interests and the company has wished him well.<BR/><BR/>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. <BR/><BR/>"Ramston's strategic objective is to acquire, finance and develop advanced stage gold and precious metal properties in China."<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3337145"/>

 

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