Erdene appoints Gold Mining Executive David Mosher as strategic advisor

Economy | Mining
2016-01-06 14:37:20

Ulaanbaatar /MONTSAME/ The Erdene Resource Development Corporation announced Tuesday that it has appointed Mr David Mosher the strategic advisor to the company, sounded the same day "" website.

"We are very pleased to have Mr Mosher join the Erdene team and to assist with our rapidly evolving gold projects in southwest Mongolia," said Peter Akerley, Erdene's President and CEO. "With the recent high-grade gold discovery at Bayan Khundii and the nearby Altan Nar gold deposits, we believe we have the necessary projects to move Erdene towards our goal of becoming a gold producer in the near-term. With thirty five years of executive level experience in mine building, project management in foreign jurisdictions and company building, he is extremely well qualified to help guide the company both technically and professionally as we advance our core projects."

In 1992-2008, Mr Mosher was president and CEO of High River Gold Mines Ltd., a TSX listed company involved in the exploration, development and production of gold in Canada, Africa and Russia. In that role, he negotiated the acquisition of two producing Russian gold mines, completed mining investment agreements with the government of Burkina Faso, raised over $300 million to support the company's growth, and supervised the development of two open pit gold mines (the Taparko gold mine in Burkina Faso, and the Berezitovy gold mine in Russia). He has served on many boards including Cambior Inc. and earlier in his career was project manager for Pancontinental Mining Limited, where he and his team discovered and outlined the largest uranium deposit in the world at that time (the Jabiluka deposits in northern Australia).

Over the past decade, Mr Mosher has been active in the restructuring and refinancing of a number of junior resource companies, both private and public, and currently serves as a director of several mining and exploration companies, including Pancontinental Uranium Corporation (TSX-V) and Pelangio Exploration Inc. (TSX-V). He received his B.Sc. degree in geology from Acadia University. Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration, and development of base and precious metals in underexplored and highly prospective Mongolia. The company holds four exploration licenses and a mining license located in southwest Mongolia.