Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) noted that Southern Gold Ltd (ASX:SAU) has appointed an experienced resources executive, Robert Smillie, as its new chief executive and managing director effective yesterday.
Metal Tiger has a 19.1% stake in Southern Gold and almost 7.3mln two-year warrants.
Smillie has been Southern Gold's exploration manager in South Korea since last July and has 32 years of experience, including significant epithermal gold exploration.
South Korea continues as Southern Gold’s primary focus.
“Having the CEO position based in-country will now allow for maximum effort and resources to be focussed towards successful execution of our exploration program in this incredibly prospective country,” Smillie said in a statement released by Southern Gold.
“I am delighted with the progress of our post-winter winter field campaign currently underway, already resulting in new, highly encouraging licence applications being added to our growing exploration portfolio.”