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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: SLI
Latest Price: 0.43  (-6.52% Descending)
52-week High: 2.62
52-week Low: 0.43
Market Cap: 50.36M
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St. Elias Mines
www.steliasmines.com

The principal business of St. Elias Mines Ltd. is the acquisition, exploration, development and sale of high potential mineral properties in the most prolific regions of the world.  At present, the Company is focusing its exploration efforts on gold in Peru with three gold properties (Tesoro, Vilcoro and Cueva Blanca.)

Full St. Elias Mines profile here
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St. Elias Mines bolsters geological personnel for Peru project

6th Feb 2012, 3:30 pm by Brad Lemaire
St. Elias Mines bolsters geological personnel for Peru project

St. Elias Mines (CVE:SLI) said Monday that it has retained more personnel to expand its geological and administrative expertise with regards to its Peruvian operations.

George Sivertz is a professional geologist and has a bachelor of science in geological science from the University of British Columbia. He has more than 35 years of mineral industry experience, and has a background in exploring and developing gold, silver and copper deposits in Latin America, particularly in Peru.

His expertise ranges from property evaluations, technical reviews and regional exploration programs, to due diligence studies and resource estimations.

Sivertz has also worked in a variety of geological settings around the world, notably in British Columbia, Yukon, Mexico and the southwest United States.

The second addition, Teo Salazar, is a graduate of the Universidad Nacional Mayor de San Marco Faculty of Geology and has 18 years of experience in mineral exploration.

Salazar has performed several exploration programs in many of the famous mining districts of Peru, St. Elias added.

St. Elias has hired Exploration & Mining Associates S.A. to provide a full service package that includes accounting, payroll management, financial and legal advice, office space, logistics and the sourcing of professional exploration mining personnel.

"These professionals have extensive experience in Peru which will help bolster our team as we advance to the next stage of St. Elias' development," chief executive Lori McClenahan said in a statement.

"They will work with our existing geological team, led by James Thom to form a united exploration group with formidable geological and administrative expertise and experience."

McClenahan noted that the "team has the ability to rapidly and efficiently design, execute and ramp up exploration and development programs on [the company's] gold projects in Peru".

Most recently, the company unveiled drilling results from its Tesoro project, where 11 holes have been completed for a total of 4,374.5 metres.

Notable results included 4.144 parts per million (ppm) of gold over 0.57 metres in hole DDH TE 01 and 1.148 ppm gold over 0.18 metres with 0.43 metres of 9.438 ppm gold in hole DDH TE 04.

Tesoro covers approximately 6,974 hectares and is part of the prolific 300 by 30 kilometre Nazca-Ocoña gold belt in Peru.

St. Elias Mines is engaged in the acquisition, exploration and development of natural resource properties. It owns claims in Peru and British Columbia.

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