The Board of Directors of Golden Sun Resources (GSR) is pleased to announce the appointment of Tom Ogryzlo as Chairman. GSR is a private company owned by a small group of seasoned executives with worldwide resource sector experience. GSR’s full scale pilot plant is now producing gold at its Bellavista Mine in Costa Rica where operations were suspended by Glencairn Resources (Wheaton River) following land slippage that affected the ADR plant. The mine was a 60,000 oz. gold producer with Ni 43-101 proven and probable reserves of 420,000 oz. Au at a cutoff grade of 0.5g/t plus an additional 420,000 oz. Au in resource categories at the time that operations were suspended. GSR acquired Bellavista from B2Gold, Glencairn’s successor.
Tom has resided in Costa Rica for 16 years. During his long career he has held executive positions with numerous mining companies as well as in the engineering and construction and renewable energy sectors. During his long career, he has served as CEO of a number of operating base and precious metal mines in Canada, Central America and South America and on the boards of more than 20 TSX and NYSE listed companies.
In June, Tom left the Board of Polaris Infrastructure, owner of a major geothermal project that he founded in Nicaragua. As well he recently retired from his management role with Franco Nevada Barbados Corporation but will continue on the Board. His relationship with Franco Nevada as a consultant, employee and Board Member dates from 1993.
GSR expect that Tom will be able to greatly contribute to the company’s growth within Costa Rica as the country undergoes the revitalization of its mining sector. Tom is also expected to play a key role in guiding GSR towards its objectives of acquisition of mining and renewable energy projects in other Latin America countries.