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September 22, 2009
Godfried Opong Kesse
The Board of Directors takes note with deep regret at the demise of our company's first Managing Director, Mr. Godfried Opong Kesse, as a result of a road accident on August 3rd 2009.
Godfried Opong Kesse, the doyen of geology professionals in Ghana, appropriately went into the gold-mining business in the early Nineties, soon after his retirement as the Director of Geological Survey. After a series of trying moments in a difficult period in which he struggled with his Canadian partners to establish a gold mining company with a viable exploration program, he finally succeeded in April 2001 in registering with his associates the Goknet Mining Company Ltd, of which he was the Managing Director. This was to be a company which by dint of the force and strength of his personality as its Chief Executive, and also by his position and status as a traditional ruler, was able to assemble and forge together a large group of contiguous concessions covering an area of 500 sq kms and stretching over 70 kms along one of the major gold belts in Ghana, and which has now become the most viable package of properties on the Asankrangua gold Belt.
G O, as he is popularly and affectionately called by his colleagues, was a valued adviser to the management of PMI Gold Corporation, a Canadian public company, as well as all the related group of companies whose fortunes largely depend on the success of this foreign company, and his services and input would be greatly missed.
G O was a leader and friend held in great affection by his colleagues and employees. He is sorely missed. Our sincere condolences go out to his family.
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September 22, 2009
Douglas R. MacQuarrie appointed Managing Director
The Board of Directors has reappointed Mr. Douglas R. MacQuarrie to the Board, and appointed him as Managing Director. Mr. MacQuarrie founded the Company with Mr. Godfried Opong Kesse. Mr. MacQuarrie is a consulting geologist/geophysicist specializing in gold exploration. He received a combined Honours degree in Geology and Geophysics from the University of British Columbia in 1975 and has worked continuously in mineral exploration -- the last 14 years exploring for new gold deposits in West Africa. He also has extensive public company experience and has been involved in the discovery of over one million ounces of gold.
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