Vancouver, BC, Canada - November 30, 2010, Vancouver, BC, Canada - Capstone Mining Corp. announced that Stephen Quin will be stepping down from his position as president of Capstone at the end of 2010.
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Mr. Quin became President & CEO of Sherwood Copper in September 2005 after five years as an independent director. On the amalgamation of Sherwood and Capstone, Mr. Quin became President and COO of Capstone. During 2005, he co-lead the due diligence, and acquisition of the Minto Project for Sherwood Copper, and the financing thereof. On becoming President of Sherwood, Mr. Quin led the company through the exploration, feasibility, permitting, mine financing and construction of the Minto Mine, ahead of schedule and on budget, and Minto's subsequent operations, resource increases and production expansions.
During this period, Mr. Quin also successfully led the company through the acquisition of Western Keltic Mines and its high-grade Kutcho copper project in BC, and through its successful combination with Capstone.
Mr. Quin is a graduate of the Royal School of Mines, London, with a B.Sc. (Honours) in Mining Geology and has 30 years experience in exploration, feasibility, mine development, financing and operations, as well as corporate development and general corporate affairs.
Prior to becoming of Sherwood, Mr. Quin was Executive Vice President of Miramar Mining Corporation, a TSX listed gold producer and explorer focused on gold in the Canadian North. While at Miramar, he was the executive responsible for the acquisition and subsequent exploration of the world class Hope Bay Gold Project in Nunavut, Canada.
In addition, Mr. Quin was Executive Vice President of Northern Orion Exploration, then an affiliate of Miramar, where he was the executive responsible for the acquisition and exploration of the giant Agua Rica copper-gold-molybdenum project in Argentina.
Mr. Quin is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of BC, a Fellow of the Geologic Association of Canada and the Society of Economic Geologists, and a member of the Canadian Institute of Mining & Metallurgy and the Society of the Institution of Materials, Minerals & Mining (UK).
Mr. Quin is a member of the board of directors of Mercator Minerals Ltd., Troon Ventures, Rare Element Resources Ltd., Bear Lake Gold and Kimber Resources, as well as a non-executive director of Chalice Gold Mines. ■