NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: HIGH RIVER GOLD MINES LTD.
TSX SYMBOL: HRG
FEBRUARY 5, 2004 - 08:32 ET
High River Gold Appoints Daniel G. Vanin as Executive VP
and Chief Operating Officer
TORONTO, ONTARIO--High River Gold Mines Ltd. ("High River") is
pleased to announce that Daniel Vanin has been appointed as
Executive Vice President and Chief Operating Officer of High
River effective February 1, 2004. Mr. Vanin's appointment
considerably strengthens the Company's management team and
provides valuable expertise and leadership abilities to meet High
River's aggressive growth plans.
"Daniel brings a unique set of knowledge, practical development
and operating experience, together with strong people skills,
that will be critical to High River's future success," said David
Mosher, President and Chief Executive Officer.
Mr. Vanin is well qualified to assume his new responsibilities
and to take a leadership role for High River, having worked in
senior management and technical positions at major international
mining companies during a 28-year career. He is a highly regarded
mining engineer with extensive experience in mine management,
mine operations, development and construction. In the early
1990's Mr. Vanin was General Manager of the Doyon and El Indio
Mines for Lac Minerals Ltd. Following that, he was responsible
for technical and financial evaluation, acquisition and business
development of mining projects in South America for Cambior Inc.
Later, he was Managing Director of three Peruvian mining
operations for Glencore International AG. In this capacity he
managed the project development and construction of two
processing facilities, as well as corporate development
activities for Glencore's projects and operations in South
America and Kazakhstan. Most recently, he was Chief Operating
Officer for RBG Resources Plc, in Bolivia, where he managed all
operations, project development and construction at the Vinto
smelter and tin mine.
Mr. Vanin received a Bachelor of Engineering (Mining) degree from
McGill University, Montreal, in 1975. He is fluent in English,
Spanish, French and Italian.
Mr. Vanin's primary responsibility will be the successful
development of the Taparko Gold Mine in Burkina Faso, West
Africa. He will also be assisting the mine development team at
High River's Russian subsidiary, OJSC Buryatzoloto, with the
development of the Berezitovoye Gold Mine in the Amur Oblast in
southern Siberia, Russia. Both projects, Taparko and
Berezitovoye, will be open pit mines with conventional mills and
are scheduled to be in production during the fourth quarter of
2005, with construction beginning in 2004.
Gold production at Taparko is planned to average more than 90,000
ounces per year over an eight year period, exceeding 100,000
ounces in each of the first three years. High River controls,
directly and indirectly, in excess of 3500 square kilometres of
prospective property within trucking distance of the planned
Taparko mill. The Company is confident that a number of satellite
deposits will be found within trucking distance which could
support expanded production or an extended mine life.
Based on the current resource base, gold production at
Berezitovoye is expected to exceed 100,000 ounces per year for a
ten year period. The Berezitovoye property also contains a number
of exploration targets that could enhance production or extend
the mine life.
FOR FURTHER INFORMATION PLEASE CONTACT:
High River Gold Mines Ltd.
President and CEO
High River Gold Mines Ltd.