TORONTO, Sept. 6, 2011 /CNW/ – Zaruma Resources Inc., (TSXV-ZMR), (the “Company” or “Zaruma”) today announced that J. Robert McNair, the Chief Operating Officer of the Company working on the Company’s Luz del Cobre copper project in Sonora, Mexico has resigned in order to pursue other interests. Dr. Thomas Utter, CEO of Zaruma stated that the resignation will not affect the progress of the Project. Senior personnel have been engaged and are on site, and M3 Engineering & Construction, Inc. of Tucson, Arizona and its Hermosillo, Sonora, Mexico office are already at work on the restart of the engineering, procurement and construction management aspects of the project.
The open pit, heap-leach copper cathode operation is expected to be in production by the second quarter of 2012 at a designed capacity of 7500 tonnes of copper per year.
Zaruma Resources Inc. is listed on the TSX Venture Exchange, (symbol ZMR) and the Frankfurt Stock Exchange, (symbol: ZMR). Common shares outstanding: 652,320, 285.
