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Top exec. resigns from Aurora Gold Project
– company assembling new team
Claude Lemasson has resigned as President and Chief Operating Officer (“COO”) of the Guyana Goldfield Inc. (GGI) with effect from April 9th, a statement from the company said yesterday.
Lemasson was a public face of the Canadian company which announced last year that it was building Guyana’s largest goldmine facility in the coming years. It will also be building the country’s first underground mine.
President of Guyana Goldfields, Claude Lemasson, during his presentation of the Aurora Project in March 2011 at the Pegasus Hotel.
Lemasson also resigned as a director of the board with immediate effect.
The resignation, although not stated in the release, may have to do with the fact that the company’s shares fell after projections downgraded the amount of gold that will be produced over the mines’ lifetime.
“The company wishes to announce the appointment of Mr. Jean-Pierre (“J.P.”) Chauvin as the newest member of its Board of Directors and that it has started assembling a team for the construction of the Aurora Gold Project,” the statement said.
Lemasson joined the company in March 2009 as President and COO and the Board of Directors in April 2010. He was responsible for overseeing the technical studies and pre-development work related to the Aurora Gold Project in Guyana.
“The Board of Directors would like to thank Claude for his dedication and contribution to the company in the last three years and wish him well in his future endeavours.”
Patrick Sheridan, Jr., Chief Executive Officer of the Company will replace Lemasson on a temporary basis until a successor is appointed. Sheridan is the founder of GGI and was formerly the President prior to the appointment of Lemasson in 2009.
Guyana Goldfields Inc. is a Canada-based company, primarily focused on the exploration and development of gold deposits in Guyana. It has operated here since 1996.
“The company plans to issue a revised Aurora resource estimate mid-2012 and a new feasibility study by year-end.
In March 2011, GGI announced a major gold find during its exploration phase and said it will be investing US$150M over the next 20 years.
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