Standard Gold, Inc. (OTCBB:SDGR) has hired gold industry veteran Steve Flechner
to serve as its president.
At Standard Gold, Mr. Flechner will be working closely with and relying upon two
highly-qualified mineral project specialists, Senior Technical Vice President
Clyde Smith, Ph.D. and Vice President of Exploration and Sustainability David S.
Smith. Together, they have plans for acquisition, exploration, development, and
mining of gold and other profitable mineral opportunities being considered and
pursued in North and South America.
Visit the new Standard Gold website at www.standardgoldmining.com
About Steve Flechner
Mr. Flechner is the former vice president and general counsel of Gold Fields
Mining Corporation, which was the U.S. subsidiary of the former Consolidated
Gold Fields of London. In that position, he established and directed Gold
Fields` land, legal, and environmental functions in order to acquire, permit,
finance, and develop low-cost, heap-leach gold mining operations at the Ortiz
Mine in New Mexico, the Mesquite Mine in California, and the Chimney Creek Mine
in Nevada. These three mines collectively produced over 400,000 ounces of gold
per year with high profitability. Mr. Flechner negotiated $150 million of gold
loans and equipment leases for these projects with Chase, Citibank, Mellon and
Westpac banks. He also served on management committees for budgeting,
environmental compliance, and community relations as Gold Fields grew from 20 to
1200 people. The Mesquite and Chimney Creek mines were later acquired by Newmont
More recently, Mr. Flechner has worked with publicly-traded junior exploration
companies on project acquisitions and development. He was instrumental in the
acquisition of a major South Korean tungsten-molybdenum project (one of the
largest tungsten mines in the world) and the formerly-producing largest gold
mine in South Korea. He also assisted in establishing a major gold exploration
project in Papua New Guinea and has worked on other gold projects in Utah,
Nevada, Ireland, Slovakia, Mexico and Columbia.
Mr. Flechner holds a Doctorate in Law from Yale University and has lectured at
the Rocky Mountain Mineral Law Institute on “Environmental Laws & Regulations
Governing Gold Mining in the West”. His track record with Gold Fields and his
experience in domestic and international mining project acquisitions are
indicative of his ability to significantly contribute to the growth of Standard
About Dr. Clyde Smith
Dr. Smith, Standard Gold`s senior technical vice president, holds a B.A. from
Carleton College, a M.Sc. from the University of British Columbia, and a Ph.D.
from the University of Idaho. He is a registered Professional Engineer with the
Association of Professional Engineers and Geoscientists of British Columbia. Dr.
Smith has founded or co-founded five exploration companies and is responsible
for the discovery of four deposits: the Jason lead-zinc-silver deposit, Yukon
Territory, Canada; the Santa Fe gold deposit, Nevada; the North Lake gold
deposit, Saskatchewan, Canada; and the Solidaridad gold-silver-copper deposit,
About David S. Smith
Mr. Smith, Standard Gold`s vice president of exploration and sustainability,
holds a B.A. from Carleton College, a M.Sc. from the University of Oregon, and
an MBA from Bainbridge Graduate Institute. He has been involved in minerals
exploration for over 20 years in the US, Canada, Mexico, and China, serving most
recently as a chief geologist, exploration program manager, and sustainability
advisor. He has published research in the leading ore deposits journal Economic
Geology and brings substantial hands-on geologic, management, and project
development experience to the Standard Gold team.
About Standard Gold, Inc.
Standard Gold is a minerals exploration and development company. Through our
wholly-owned subsidiary, Hunter Bates Mining Corporation, we hold title to the
past producing gold mine in Colorado known as the Bates-Hunter Mine. We do not
claim to have any mineral reserves at the Bates-Hunter Mine. Our common stock
trades on the Over-the-Counter Bulletin Board under the symbol “SDGR.” To find
out more about Standard Gold, Inc. (OTCBB:SDGR) visit our website at
Forward-Looking Statements and Risk Factors
Certain statements included in this press release may constitute forward-looking
statements that involve risks and uncertainties that could cause actual results
to differ materially. Such statements are valid only as of today, and we
disclaim any obligation to update this information. These statements are subject
to known and unknown risks and uncertainties that may cause actual future
experience and results to differ materially from the statements made. These
statements are based on our current beliefs and expectations as to such future
outcomes. These risks and uncertainties relate to Standard Gold and its
affiliates, and include, among others, the ability to obtain or maintain
regulatory approvals; the ability to obtain necessary financing; and other risks
and uncertainties described in Standard Gold`s filings from time to time with
the Securities and Exchange Commission. Standard Gold disclaims any obligation
to update its forward-looking statements.
In addition, the exploration for and development of mineral deposits involves
significant financial risks, which even experience and knowledge may not
eliminate, regardless of the amount of careful evaluation applied to a process.
While the discovery of a mineral deposit may result in substantial rewards, few
properties are ultimately developed into producing mines. Moreover, we cannot
make any estimates regarding probable reserves in connection with any of our
projects and any estimates relating to possible reserves are subject to
significant risks. Therefore, no assurance can be given that any size of
reserves or grades of reserves will be realized. If a discovery is made, the
mineral deposit discovered, assuming recoverable, may differ from the reserves
already discovered and recovered by others in the same region of the planned
areas of exploration. Further, the cost of exploration and exploitation can be
extensive and there is no assurance that we will have the resources necessary or
the financing available to pursue projects we currently hold interests in or to
acquire interests in other mineral exploration projects that may become
available. The risks we face are numerous and detailed information regarding
these risks may be found in filings made by us with the Securities and Exchange
Commission, including our most recent annual report.
Standard Gold Inc.
Stephen King, CEO, 612-490-3419
Investor Relations: Dan Schustack, 646-278-6787
Copyright Business Wire 2010