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Overseas-based mining company reshuffles management

Jan 07, 2010 News

Guyana focused mineral explorer and developer, Sacre-Coeur Minerals (TSX-V: SMC)(“Sacre-Coeur”) said that it had reshuffled its board of directors to better reflect its intention to become a gold producer.
The company has spend the past few years testing and advancing a number of prospective targets in Guyana, predominantly focused on gold mineralization, but also diamonds.
More recently, focus has sharpened on the potential of alluvial gold deposits, which require comparatively low capital expenditure compared to hard rock mines to put into production.
Sacre-Coeur has promoted Gregory Sparks to the position of President and CEO, and has secured the services of Allen Heyl to fill the role of Director of Mining and Exploration.
Irwin Olian, who has been instrumental in the company’s progress in recent years, will stay on as Chairman of the company and will continue to serve as a member of the board of directors.
“We are delighted to strengthen our management team with the addition of David Heyl and to increase Greg Sparks’s responsibilities by appointing him as our new President and CEO,” stated Irwin Olian, Chairman of Sacre-Coeur.
“As we now focus our efforts on development and expansion of our alluvial mining operations in addition to continuing with our ongoing exploration programs in Guyana, we felt it was important to strengthen our professional mining management…
“I remain personally committed to maintaining an active role in senior management as Chairman, focusing on overall corporate strategy and business development, interfacing with the capital markets and providing general leadership.”
Gregory Sparks possesses over 35 years of mining experience as a senior mining executive in the minerals industry, covering exploration, feasibility, development and operation of both surface and underground mining projects.
Allen Heyl will be tasked with directing the day-to-day operations of Sacre-Coeur’s exploration and alluvial mining programs in Guyana, including supporting infrastructure.

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