Tempus Resources Ltd (ASX:TMR) chief operating officer - Latin America Rodrigo Izurieta has been elected as principal director of the Chamber of Mines Ecuador.
This organisation has served the mining industry for more than 40 years and represents the industry’s leading companies.
Izurieta will be joined on the board of the Chamber of Mines by representatives from companies active in Ecuador including BHP Group Ltd (ASX:BHP), Newcrest Mining Limited (ASX:NCM), Lundin Gold Inc (TSE:LUG) and Codelco.
READ: Tempus Resources enters the stage in highly prospective Ecuador
Last month Tempus executive director Brendan Borg updated investors at Proactive’s CEO Session in Melbourne on the binding agreement to acquire two Ecuadorian companies - Concor Gold SA and MiningSources SA.
The agreement was for US$100,000 in cash and more than 3.446 million Tempus shares.
These companies have the Zamora Projects which are high-quality early stage exploration prospects close to other large gold deposits including Lundin Gold Inc’s (TSE:LUG) Fruta del Norte project.
READ: Tempus Resources shifts focus to gold in highly prospective Ecuador
The projects include Rio Zarza which is adjacent to Fruta del Norte’s western boundary and exhibits strikingly similar geological characteristics, and the greenfield exploration area Valle del Tigre.