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Post by Franko10 ™ on Jan 27, 2005 15:24:35 GMT -5
Forest Gate Hires Former EKATI Diamond Mine Geologist As VP Exploration
15:26 EST Thursday, January 27, 2005
Du Plessis Retained as Consultant
SHARES OUTSTANDING: 26 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, Jan. 27 /CNW/ - Forest Gate Resources Inc. reports that it has hired Steve Roebuck as Vice-President, Exploration, replacing the outgoing Pieter Du Plessis, who has set up a diamond exploration consultancy.
Roebuck was most recently production supervisor with BHP Billiton's EKATI Diamond Mine in the Northwest Territories. He was responsible for the short- term mine plan at Canada's first diamond mine.
Roebuck began working at EKATI in 2000 as a geologist responsible for geotechnical and lithological definition diamond drilling. As production geologist he was responsible for supplying EKATI's 15,000 tonne-per-day processing plant with blended, high quality ore feed from three of EKATI's open pit mines.
At EKATI, Roebuck was also part of a team of geologists who discovered high-grade kimberlite lenses in ore bodies previously thought to be waste rock.
Prior to joining BHP Billiton, Roebuck worked for six years with Royal Oak Mines and other companies as an exploration and mine geologist. Roebuck will be based at Forest Gate's head office in Montreal and will begin working for the company on February 17.
Du Plessis' consulting firm, Du Plessis Diamonds Inc., has also been retained by Forest Gate to provide ongoing diamond exploration consulting. Du Plessis' consultancy is based in Saskatoon, Saskatchewan, several hours south of the company's East Side diamond property located near Prince Albert.
"Forest Gate continues to recruit the best and brightest in diamond exploration," says Michael Judson, Forest Gate's President. "I am pleased to attract Canadian diamond expertise to our company. We are building a very powerful diamond exploration team."
The company has granted Steve Roebuck 300,000 share options exercisable at any time over the next five years at $0.15 per share. Forest Gate has also granted consultant, Pieter Du Plessis, 100,000 share options under the same price and terms as the above.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and precious and base metal properties in New Brunswick. The company's shares and warrants trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.
/For further information: MICHAEL JUDSON, PRESIDENT & CEO, TOLL FREE: 866-666-3040, mjudson(at)forestgate.ca, www.forestgate.ca/
15:26 EST Thursday, January 27, 2005
Du Plessis Retained as Consultant
SHARES OUTSTANDING: 26 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, Jan. 27 /CNW/ - Forest Gate Resources Inc. reports that it has hired Steve Roebuck as Vice-President, Exploration, replacing the outgoing Pieter Du Plessis, who has set up a diamond exploration consultancy.
Roebuck was most recently production supervisor with BHP Billiton's EKATI Diamond Mine in the Northwest Territories. He was responsible for the short- term mine plan at Canada's first diamond mine.
Roebuck began working at EKATI in 2000 as a geologist responsible for geotechnical and lithological definition diamond drilling. As production geologist he was responsible for supplying EKATI's 15,000 tonne-per-day processing plant with blended, high quality ore feed from three of EKATI's open pit mines.
At EKATI, Roebuck was also part of a team of geologists who discovered high-grade kimberlite lenses in ore bodies previously thought to be waste rock.
Prior to joining BHP Billiton, Roebuck worked for six years with Royal Oak Mines and other companies as an exploration and mine geologist. Roebuck will be based at Forest Gate's head office in Montreal and will begin working for the company on February 17.
Du Plessis' consulting firm, Du Plessis Diamonds Inc., has also been retained by Forest Gate to provide ongoing diamond exploration consulting. Du Plessis' consultancy is based in Saskatoon, Saskatchewan, several hours south of the company's East Side diamond property located near Prince Albert.
"Forest Gate continues to recruit the best and brightest in diamond exploration," says Michael Judson, Forest Gate's President. "I am pleased to attract Canadian diamond expertise to our company. We are building a very powerful diamond exploration team."
The company has granted Steve Roebuck 300,000 share options exercisable at any time over the next five years at $0.15 per share. Forest Gate has also granted consultant, Pieter Du Plessis, 100,000 share options under the same price and terms as the above.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and precious and base metal properties in New Brunswick. The company's shares and warrants trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.
/For further information: MICHAEL JUDSON, PRESIDENT & CEO, TOLL FREE: 866-666-3040, mjudson(at)forestgate.ca, www.forestgate.ca/
