Desert Sun Mining's Peter Tagliamonte Wins Mining Magazine's 'Mine Manager of the Year' Award.TORONTO -- DESERT SUN MINING CORP. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. )(AMEX AMEX See: American Stock Exchange :DEZ DEZ Dezember (German: December) DEZ Disease Eradication Zone DEZ Death Egg Zone (Sonic 2/3 & Knuckes level) DEZ Di-Ethylzinc ) is pleased to announce that Peter Tagliamonte, P. Eng P. ENG Professional Engineer P. ENG process engineer ., Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. was chosen by a committee of his peers to receive Mining Magazine's "Mine Manager of the Year" award. Desert Sun's outstanding performance in bringing back into production the Jacobina Mine in Bahia, Brazil earned Mr. Tagliamonte the recognition of his peers in the international mining community. Mr. Tagliamonte accepted the award at the "Mines and Money Conference" held in London, England in late November. "The dedication and leadership Peter has shown in bringing the Jacobina gold mine back into production in one year is commendable and we are very pleased that he has been awarded this honour," commented Bruce Humphrey, P. Eng., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Desert Sun Mining. "Peter and his team have been instrumental in ensuring a smooth start up for the Jacobina Mine and making it the largest underground mine in Brazil." "It is truly rewarding to receive recognition for the great work our team has done to make the Jacobina Mine a tremendous success," stated Peter Tagliamonte. "It is an honour for all of us to be recognized by the mining industry as a world class team. We are now focused on growing our company by opening new mines on this property and keeping the current mines operating efficiently." Since the beginning of this project in early 2004, the Jacobina Mine has made significant progress in development and early production as well as community involvement: - More than seven kilometers of 5.5 metre x 5.0 metre underground development has been completed; - A complete heavy equipment maintenance facility has been constructed; - 850,000 tonnes of ore has been delivered to the mill; - The pre-existing milling facility has been completely refurbished with the installation of a new leaching system, new carbon-in-pulp circuit, regeneration plant and refinery complex; - Over 500 new employees have been hired and trained - Desert Sun has integrated into the community through both the sponsorship of community events and contributions to community health and education services. Peter Tagliamonte is part of the senior Desert Sun management team focused on efficiently building and operating new mines. Mr. Tagliamonte was born and raised in the Northern Canadian mining centre of Noranda, Quebec. He graduated from Laurentian University Laurentian University, main campus at Sudbury, Ont., Canada; bilingual, coeducational; founded 1960. Among its faculties are those in astronomy, commerce, computer science, education, engineering, law, mathematics, music, native studies, nursing, physics, and social in Sudbury with a Mining Engineering degree and earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration at the Richard Ivy School of Business at the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. . During his career, Mr. Tagliamonte has worked throughout Northern Ontario and Quebec as well as in the United States, Africa and South America. He currently works and lives in Brazil with his wife and 2-year-old son. Desert Sun Mining is a Canadian gold mining company listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. with 100% ownership of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil. Proven and Probable mineral reserves in the Jacobina Mine area are now 17,620,000 tonnes at 2.11 g Au/t containing 1,200,000 ounces of gold. As a result of the Desert Sun's exploration programs to date, Measured and Indicated resources total 24,800,000 tonnes at 2.53 g Au/t containing 2,050,000 ounces of gold, and Inferred Resources total 22,200,000 tonnes at 2.61 g Au/t containing 1,900,000 ounces of gold. The mineral reserves are included within the Measured and Indicated mineral resources. Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". This news release also uses the terms "measured resources", 'indicated resources' and 'inferred resources'. Desert Sun Mining Corp. advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Desert Sun Mining Corp. (TSX:DSM) (AMEX:DEZ) |
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