Tuesday, April 21, 2009

Gold and Lukas Lundin with his Midas Touch: Canadian Gold Hunter Management Change. CGH.to, SAX.to, SNU.v, CZX.v, MAI.v, TNR.v

Not everything Lukas Lundin has touched turned into gold, but a lot of things did. We are very pleased to see him building a new Exploration play for Lundin Group. Power house all across commodities and continents will make it an exploration company to come to for exposure to investment niche of Junior Explorations and for Majors for deposits. Mr Wodzicki is a CEO of Sanu Resources, can we take it from this NR that Sanu Resources will merge with Canada Gold Hunters as well? Lukas has appointed impressive board, company have properties all across Americas, necessary Expertise and Cash for development. Now is time to buy in Exploration Junior sector: valuations are still reflecting fly from risk and Naked shorting at its prime, will Lukas Lundin become an M&A play and consolidate the sector and get the best properties at this level of desperation from staving Juniors? We like the idea to be invested in Cisco Systems of Exploration early in the cycle and positioning for their Targets of M&A play.
Few connected companies which could benefit from this fast development:
Sanu Resources SNU.v another Lukas exploration play in Africa. Will this one follow its CEO and be acquired as well?
TNR Gold TNR.v J/V partner of former Suramina Resources on a number of properties and active in Argentina. Los Azules is known to Lukas Lundin from Minera Andes side where he has invested last year. Recently this Junior received a nice Lithium boost.
Canada Zinc Metals CZX.v - Lundin Mining still has 10% of the company before Chinese placement closing.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") reports that effective as of April 17, 2009, Dr. Wojtek Wodzicki has joined the Board of Directors and has been appointed President and CEO of the new Canadian Gold Hunter following the business combination with Suramina Resources Inc. ("Suramina"). Dr. Wodzicki replaces Mr. Richard Bailes who has resigned as President and CEO and from the Board to pursue other endeavours.
Concurrently, Mr. Michael McInnis and Mr. Ron Netolitzsky have resigned from the Board. Three new members joining the Board, effective as of April 17, 2009, are former Suramina board members: Dr. Patricio Jones, Mr. Paul Conibear and Mr. Lee Graber.
The new Board of Directors of Canadian Gold Hunter comprises the following people:
Lukas Lundin, Chairman
Wojtek Wodzicki, President and CEO
Paul Conibear
John Craig
Lee Graber
Patricio Jones
William Rand
In addition, Mr. Jan Christoffersen has resigned as Vice President of the Company effective April 17, 2009.
Lukas Lundin, Chairman of Canadian Gold Hunter, commented, "We would like to thank Mr. Bailes for his outstanding contribution to Canadian Gold Hunter over the years. Rick has been with Canadian Gold Hunter (and its predecessors) since 1990 and under his leadership the Company has acquired and advanced a number of gold exploration projects both in Mexico and Canada. We wish him all the best in the future."
Dr. Wojtek Wodzicki has worked in the international mining industry since 1987, managing exploration programs on five continents. Prior to joining Canadian Gold Hunter he had an impressive career with Teck Cominco Ltd. that included managing exploration offices in Bolivia, Peru, Chile, and Argentina. In 2001 Dr. Wodzicki was appointed Teck Cominco's General Manager of Exploration for North America and Europe-Africa. He holds a doctorate in Geosciences from the University of Arizona. Dr. Wodzicki also currently serves as President of Sanu Resources Ltd.
Dr. Wodzicki commented, "The new Canadian Gold Hunter has a truly outstanding portfolio of projects offering diversity, flexibility and enormous exploration potential. In fact it is an exploration portfolio that would be the envy of many of the majors. My vision for Canadian Gold Hunter is to build the Company into an international, multi-commodity exploration vehicle - the premier exploration vehicle for the Lundin Group. I wish to establish a clear model for the market that this is the vehicle for top quality exploration projects for the Lundin Group with no limits on geography or commodity. Projects accumulated may be sold, joint-ventured, developed ourselves - whatever makes the best commercial sense. We have a lot of flexibility. I very much look forward to leading this exciting new venture."
Please see attached map showing Canadian Gold Hunter's portfolio of projects: http://us.lrd.yahoo.com/_ylt=Aoqltns7r2VbXeTnVzEuwomyf88A/SIG=11ncnj6r4/**http%3A//media3.marketwire.com/docs/cgh_map_0421.pdf.
On behalf of the Board
Wojtek Wodzicki, President and CEO
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