Message #10 From:
NewsBot Date: August 14, 2006 04:30:00 AM
RESE News Former Senior Geologist of Barrick Gold Joins Reese Corp. as VP Exploration, South America
LIMA, Peru--(BUSINESS WIRE)--Aug. 14, 2006--Reese Corp. (OTCBB:RESE) (Frankfurt:R5E) is pleased to announce that Alain Vachon, P.Eng. has been appointed Vice President of Exploration, South America. Mr. Vachon will also be assuming the title of General Manager of Reese Corp.'s soon-to-be formed wholly-owned subsidiary in Peru.
Commenting on his appointment, Mr. Vachon stated "I am very pleased to join Reese Corp. and embraced, with a lot of optimism, the objectives of its new management. During the last 12 years, I have acquired solid international experience, especially in Peru, where I have built a very strong network of contacts with major and junior companies operating not only in Peru but also in Columbia, Ecuador, Chile and Argentina. I am confident that I can bring high potential, advanced-stage projects to Reese in the near future and I look forward to playing a major role in both the short and long term success of these projects."
Chris Crupi, President and CFO also commented; "We are very fortunate that someone with Alain's experience and knowledge has agreed to head up our efforts in South America. Alain's immediate focus will be to complete due diligence on potential property acquisitions that are currently being evaluated. I am very encouraged by the strong geological team we are building, as we now possess two renowned geologists who have both played key roles at two of the world's most successful mining companies, namely, Bill Reed, our VP of Exploration North America, formerly Chief Geologist, Mexico with Hecla Mining (NYSE: HL, market cap of $681 million) and now Alain Vachon, formerly Senior Geologist at Barrick Gold (NYSE: ABX, market cap of $27.7 billion)."
About Mr. Alain Vachon:
Alain Vachon, P.Eng., Geologist has 30 years of experience. He is currently Manager of Exploration, South America for Paramount Gold Mining Corp. (OTC:PGDP), (Frankfurt:P6G). Alain also assumes the role of Exploration Manager for Gold Hawk Resources a Canadian company dedicated to production and mining and has completed the acquisition in March 2005 for a total amount of 12 M US$ of the Tamboraque mine which hosts resources totaling 4.5 MT at 0.18 oz/t Au, 8.1 oz/t Ag, 2.8% Pb, 3.3% Zn and 0.38% Cu. From 1997 to 2001 he was Exploration Manager for Sulliden Exploration, where his work on the Mario property in 2000 led to the nomination for the prestigious "Prospector of the Year" award in Peru. Prior to these accomplishments, Mr. Vachon worked as a Senior Geologist for both Barrick Gold (NYSE:ABX) and the recently renamed Noranda Falconbridge (NYSE: FAL, market cap of $21 billion).
During the success of his past 30 years, Mr. Vachon has participated in managing all aspects of a diverse set of exploration programs, including planning, supervision of field work, preparation of technical reports (43-101), property evaluation and negotiation of option terms. He has managed and evaluated exploration and development projects, located in Canada, Peru, Zaire, Cuba and Republic Dominica focusing on gold and base metals in various geological settings.
About Reese Corp.
Reese Corp. is a precious metals exploration and development company. It is management's objective for Reese to become a gold and precious metals producer by developing the El Tiliche project in Mexico, the Bailey Hills and Ox Creek properties in Nevada, and by acquiring other advanced-stage projects and/or producing mines in proven precious metal districts throughout the world. The Company trades on the OTC market under the symbol "RESE" and on the Frankfurt Exchange under the symbol "R5E". For more information, please visit the Company's web site at: www.ammexgoldmining.com (now available in the following languages: English, German, Mandarin, Spanish and French).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
