Welcome!

News Feed Item

Reservoir Announces New Executive Appointments

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/27/14 -- Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE: RMC)(PINKSHEETS: RVRLF)(BERLIN: 9RE) is pleased to advise that Mr. Tim Livesey has been appointed Chief operating Officer ("COO") and that Dr. Tim Fletcher has been appointed Vice President Exploration ("VP Exploration") effective immediately.

Tim Livesey, as COO, will be responsible for managing Reservoir's advanced projects including the Timok joint venture Project with our partner Freeport-McMoRan Exploration Corporation ("Freeport") and general operational activities. Tim is a geologist and has been involved in the international exploration and mining industry for over 25 years, working on a number of exploration and advanced stage projects through feasibility to development. Tim has a broad range of experience in management, advanced project development, community social responsibility, government relations and arbitration. Tim has worked on several world-class assets, including the feasibility and construction of the Nkomati nickel mine (South Africa); exploration, advanced scoping studies and the ultimate sale of 50% of the Kabanga nickel project (Tanzania) to Falconbridge; government relations at Jabal Sayid in the Kingdom of Saudi Arabia; and Tethyan Copper's Reko Diq copper-gold project in Pakistan. At Reko Diq his roles included management positions on the technical committee, as the Project Director for the scoping, pre-feasibility and feasibility studies, a 3-year tenure as the CEO, and most recently a member of the Board of Directors. Tim remains a Director at Tethyan Copper, and an advisor to Barrick's executive on the project. Tim has a Bachelor of Science degree from the University of Newcastle upon Tyne.

Dr. Tim Fletcher as VP Exploration will be responsible for managing Reservoir's portfolio of exploration projects throughout Europe and providing broad technical and management expertise to Reservoir's team. Tim has over 30 years of experience in international exploration with emphasis on exploration for porphyry and epithermal copper-gold deposits. Tim recently focused on the Tethyan Belt for Barrick Gold, and prior to that worked in South America with Magma Copper, Homestake Mining and Mount Isa Mines. Tim joined Reservoir in 2013 as a consultant. Tim has a Ph.D from Aberdeen University and is a Chartered Engineer through the Institute of Materials, Minerals and Mining.

Aleksandar Obrenovic, resigning from the position of VP Exploration, will be Country Manager, Serbia, and will focus on managing the Company's expanding activities in Serbia, including joint venture projects and an increased portfolio of exploration projects. Aleksandar has over 24 years experience in precious and base metals exploration. Aleksandar joined Reservoir Minerals at inception and was previously the principal geologist of Serbian subsidiaries of Reservoir Capital Corp. and Eurasian Minerals Inc. Prior to this Aleksandar spent 12 years working at the Serbian National Geological Institute "Geoinstitut" Beograd, participating in several international and Serbia in-country mineral exploration projects and scientific studies. He holds a graduate engineer of economic geology degree from the faculty of Mining and Geology, University of Belgrade.

Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "Over the last few years Reservoir has built a talented discovery and development team, which is supported by industry leading consultants and advisors. We are pleased to have attracted two very capable and experienced individuals to our team, and we look forward to developing Reservoir's existing high quality projects and to continued exploration success in our early stage projects."

Reservoir Exploration teams

Reservoir have exploration teams operating in Serbia, Macedonia, Romania, and Africa (Cameroon and Gabon), which continually evaluate and generate new projects for development though partnership structures. The Timok project is a notable success for Reservoir and for the project generator business model. The Reservoir discovery team is instrumental in the Company's success, and further information about the exploration team can be viewed at the following link: Exploration Team.

The Timok Project:

The Company's most notable discovery to date is the Cukaru Peki copper-gold deposit in Serbia, which is part of the Timok Project. The Company announced an initial resource estimate (65.3 million tonnes at an average grade of 2.6% copper and 1.5 grams per tonne gold) for the Cukaru Peki copper-gold deposit in the Brestovac-Metovnica Exploration Permit in News Release, January 27, 2014, and provided an update on exploration for copper-gold mineralisation in the Leskovo and Jasikovo-Durlan Potok Exploration Permits in News Release, June 4, 2014. The Timok Project is a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport") on three exploration permits (Brestovac-Metovnica, Leskovo and Jasikovo-Durlan Potok) in the Timok Magmatic Complex that cover a combined area of 245 square kilometres. Maps showing the location of the exploration permit perimeters and the Cukaru Peki copper-gold deposit are presented on the Company website (www.reservoirminerals.com).

Qualified Person:

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and a consultant to the Company, has approved the technical disclosure in this release and verified the data disclosed.

About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development company run by a experienced technical and management team, with a portfolio of precious and base metal exploration properties in Europe and Africa. The Company operates an exploration partnership business model to leverage its expertise through to discovery.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Reservoir Minerals Inc.
Chris MacIntyre
VP Corporate Development
+1.416.703.0010
[email protected]
www.reservoirminerals.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...