Baroyeca 4 Property, Sonora, Mexico
VANCOUVER, B.C. – Baroyeca Gold & Silver Inc. (the “Company”) is pleased to announce that it is commencing its 2012 work program on its Baroyeca 4 Property, Sonora State, Mexico. Upon the recommendation of its independent consulting geologist, Linda Caron, M.Sc., P.Eng., the program will include ground gravity and IP surveys to extend the area of the Property surveyed last year and will be followed by a reverse circulation drilling program with an initial stage of up to 5,000 metres. With respect to the geophysical work, the Company has entered into a contract with S. J. Geophysics, of Langley, B.C. to carry out the ground gravity and IP surveys. Line cutting has commenced in preparation for these surveys. The drilling program is set to start at the end of January.
Update on Directors and Officers
The Company’s Annual General Meeting (“AGM”) was held on December 13, 2011. All matters presented in the Company’s Notice of Meeting and Information Circular were approved at the Meeting. The directors elected for the ensuing year include the incumbents Richard Wilson, Eberhard Mueller, Erik Ostensoe and Douglas Eacrett together with the newly elected directors William T. Carr, of New York, U.S.A. and Bruno Mosimann, of Zurich, Switzerland.
Mr. Carr brings to the Board over thirty years experience in corporate finance in a variety of areas including real estate, mining and golf course finance and development. For the last twenty years, Mr. Carr has served as President of Auriga Capital Corporation, of Bronxville, New York, a private company providing corporate finance and loan workout services to the mining, construction and real estate industries.
Mr. Mosimann brings to the Board over 25 years experience in finance and investment as CEO of Romofin AG of Zurich, Switzerland., a private investment counselling and portfolio management company.
At the AGM, Mr. Mueller announced that he was stepping down as President and CEO of the Company and will continue his involvement as a member of the Board of Directors. Accordingly, following the AGM the directors appointed Richard Wilson as President and CEO of the Company. The directors also appointed William Carr as COO of the Company with responsibility for Mexican operations. Mr. Carr will employ his project development and financial management experience to this new role with the Company.
BAROYECA GOLD & SILVER INC.