Perth, Australia - September 8, 2009, Perth, Australia - Gold producers Avoca Resources Limited (Avoca) and Dioro Exploration NL (Dioro) announces that Avoca directors Robert Reynolds, Rohan Williams, and Jan Castro have been appointed as non-executive directors of Dioro.
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Messrs Reynolds, Williams, and Castro respectively hold the positions of non-executive Chairman, Managing Director and non-executive director of Avoca. Mr. Castro is also Managing Director of Avoca's major shareholder, Pala Investments AG.
Mr. Reynolds was appointed Chairman of Avoca in 2002 and has over 30 years experience within the mining industry in administrative, corporate and financial roles. He is a Chartered Accountant and remained in the profession before entering the mining industry. He joined Delta Gold Limited in 1984 as its accountant and company secretary and became an executive director in 1988. He became a non-executive director in 1996 and remained as such until the merger with Goldfields Limited in late 2001.
Mr. Reynolds jointly oversaw the growth of Delta from a junior explorer to medium sized gold mining company. His role was corporate planning, capital raising, overseeing corporate governance and supervision of administration and financial management.
Mr. Reynolds holds directorships in Global GeoScience Limited, Exeter Resource Corporation and Carlyle Mining Corp.
Mr. Williams is Avoca Resources' founding Managing Director. He is a geologist with over 18 years experience and was previously Chief Geologist of WMC Ltd's St Ives Gold operation. He has studied world-class nickel, copper and platinum group metal ore occurrences in detail. Mr. Williams' previous exploration successes include the 1 million ounce Belleisle gold deposit at St Ives, the Daisy gold deposit at Central Norseman and the Coronet Nickel mine at Kambalda.
Mr. Castro is the Managing Director of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Ltd., a US$ 1.0 billion investment company focused on the mining and natural resources sector. Prior to founding Pala in July 2006, Mr. Castro was Senior Vice President of Investments and Corporate Affairs for Mechel OAO, one of Russia's largest mining and metals companies listed on the New York Stock Exchange. ■