VANCOUVER, Sept. 13, 2011 /PRNewswire/ - Wesgold Minerals
Inc. (TSXV: WSG) is pleased to announce that Tod Turley has been appointed to the Board of
Directors. Mr. Turley is the Chief Operating Officer and
Director of Minatura International LLC, the majority shareholder of
Cordoba Minerals Corp. which is the owner of the Cordoba Project.
Previously, he served as Chairman and CEO of Amerivon, a niche
private equity investment firm specializing in high-growth consumer
products and services companies. He also has served for 25 years as
an investment banker, corporate attorney and senior executive with
emerging growth companies and has been an entrepreneur in the
mining, telecommunications, finance and consumer products
sector.
"I am happy to welcome Tod to the Board," states
Wesgold Chairman, Simon
Ridgway. "We are looking forward to working with
Minatura's management as we explore and develop the Cordoba
gold/copper porphyry systems. We're currently in discussion with
several financial institutions to raise capital to fund the planned
exploration program once we've received exchange approval for the
deal. As well, we've had expressions of interest from several major
mining companies with respect to participating in the future
exploration of the Cordoba property."
About Wesgold Minerals
Wesgold Minerals Inc. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration gold and copper projects
in Colombia. Wesgold recently
optioned from Minatura the Cordoba property, covering 25,790
hectares in the Department of Cordoba, Colombia, 200km north of the city of
Medellin. These claims cover
underexplored marine volcano-sedimentary rocks and are prospective
for porphyry copper/gold and iron-oxide-copper-gold-style (IOCG)
mineral deposits. Numerous artisanal gold workings occur throughout
the Cordoba property, which has seen small-scale artisanal
production for over 30 years. Recent gold discoveries in
Colombia, including Anglogold
Ashanti's La Colossa gold porphyry, have highlighted the
world-class potential of the country.
About Minatura
Minatura is in the business of exploration,
development and, ultimately, extraction of precious and base metals
in Colombia, South America in over 300,000 hectares and 164
mining concessions. Minatura is dedicated to achieving a high
return for its investors while adhering to the highest
environmental standards in its projects and creating legacy
micro-economies for the communities in which Minatura
operates. For more information about Minatura, please contact
info@minaturagold.com.
ON BEHALF OF THE BOARD
"Ralph Rushton"
Ralph Rushton, Director
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this news release.
SOURCE Wesgold Minerals Inc.