Wilde takes over as GM at Valencia Uranium

Forsys Metals, which has its primary listing on the Toronto Stock Exchange and a secondary listing on the Namibian bourse, said in a statement posted on its website that Wilde will be based in Namibia and be responsible for overseeing all aspects of the development of Valencia Uranium Mine.

Wilde boasts of 32 years experience in mining and has been directly responsible for bringing several new operations into production in Africa, Asia, Middle East and the Far East.

He has held senior management positions with Rio Tinto Zimbabwe, South Africa’s Harmony Gold, Falcon Gold Zimbabwe, Oryx Natural Resources in the DRC and Gemfields in Zambia.

Until now, he was senior vice president mining operations with Tsar Emerald Corporation based in Russia.

“Jimmie is an outstanding addition to the Forsys teams and we are delighted to have him lead the development of Valencia.

“His extensive mine building experience and familiarity with Africa, as well as his proven leadership and management qualities will prove invaluable to maintaining our target of achieving projection early in 2010 and becoming a substantial uranium producer,” said Forsys Metals Corp president Duane Parnham.

Valencia, an open cast mine, situated on the northern side of Rio Tinto’s Rossing Uranium, is expected to be commissioned next year. Valencia has targeted an annual planned output of 2.9 million pounds of uranium oxide.

August 2008
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