Orsa Announces Appointment of COO
Orsa Ventures Corp. announced the appointment of Mr. Bruno Barde as Chief Operating Officer.
Mr. Barde, MSc, BSc, PGeo, has worked for over thirty years in international mining, including development of a copper-cobalt project in the Democratic Republic of Congo where he participated in the completion of a positive feasibility study and managed a $15 million Exploration/Development program. Previously, he was COO for National Gold Corp., and participated in the scoping study of the Mulatos Project in Mexico which is now a producing mine owned and operated by Alamos Gold Corp. Mr. Barde served in various senior management capacities with Placer Dome Inc, including that of President of Placer Dome de Venezuela, where he oversaw the planning of the Las Cristinas deposit. Most recently, he managed a $10 million dollar exploration and development program for the mid to advanced stage Santana project in Sonora County, Mexico. He has extensive experience in modeling the geology and mineralization and managing the resource consultants.
Mr. Barde received his BSc. Geology in 1978 and a MSc. Geology in 1981, both from the University of Geneva, Switzerland. He is fluent in English, French and Spanish.
"Mr. Barde brings a very solid mix of skills and experience from both the exploration and development of advanced stage projects that will serve the Company and its shareholders well as we complete the acquisition of the Quartz Mountain Project in southern Oregon and begin an aggressive program to develop the resource," stated Linda Thorstad, PGeo, President and Chief Executive Officer of the Company.
The Board of Directors of the Company has granted Mr. Barde 200,000 stock options each at a price of $0.16 per share, in accordance with the policies of the TSX Venture Exchange and the terms of the Company's Stock Option Plan.
On February 15, 2012, the Company announced an amendment to the Option Agreement with Seabridge regarding the Quartz Mountain Property and released a February 15, 2012 updated NI 43-101 compliant undiluted, inferred mineral resource of 2,848,000 ounces of gold using US$1500 per ounce and reasonable mining and processing costs. This resource has been identified on two of several rhyolite dome structures on the property.
Posted March 2, 2012