12:04:17 EDT Thu 25 Apr 2024
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USA
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Euro Sun Mining Inc (2)
Symbol ESM
Shares Issued 90,307,029
Close 2020-01-06 C$ 0.305
Market Cap C$ 27,543,644
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Euro Sun appoints Rasmussen as COO for Rovina

2020-01-06 08:04 ET - News Release

Mr. Scott Moore reports

EURO SUN APPOINTS SAMUEL RASMUSSEN AS CHIEF OPERATING OFFICER FOR ROVINA VALLEY

Euro Sun Mining Inc. has appointed Samuel Rasmussen as chief operating officer for its Rovina Valley project in Romania. In connection with the appointment Mr. Rasmussen has been granted one million Euro Sun stock options. The options vest equally over four quarters, have an exercise price of 30 cents and expire five years from the date of grant.

Since graduating from the Colorado School of Mines, Mr. Rasmussen has accumulated over 25 years of experience in building and operating large-tonnage mines for international miners such as Glencore, Lundin Mining, Freeport McMoRan and Anglo American.

As chief executive officer of the Kamoto copper mine in the Democratic Republic of the Congo, Mr. Rasmussen was responsible for all site operations and completion of construction of a 300,000-tonne-per-annum copper cathode facility and 40,000-tonne-per-annum cobalt hydroxide facility.

As general manager, operations, for Freeport McMoRan Copper and Gold Tenke Fungurume operations, he was responsible for the management of the feasibility study, engineering, EPCM (engineering, procurement, construction management) contractor and greenfield construction of this $1.8-billion project in the Democratic Republic of the Congo. The mine is a large-scale copper cathode and cobalt hydroxide producer.

Scott Moore, president and chief executive officer of Euro Sun, stated, "Sam is an outstanding mining professional with deep experience in engineering, constructing and operating large-scale bulk mining projects and will be an outstanding leader as we move through the development phase and into the construction of the mine."

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second-largest gold deposit in Europe.

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