Kola Mining
Kola Mining Corporation’s prime focus is the identification, acquisition, exploration and development of precious and base mineral properties in Central Asia, Russia and Eastern Europe. Kola is fortunate to have strong financial backing with key strategic relationships with CP Capital and Longview Capital Partners.
Kola recently announced that it has entered into an agreement to acquire 100% interest in three Nickel-Copper Sulphide properties in Russia. All properties are located in the Kola Peninsula of northwestern Russia, one of the principal Nickel producing regions of Russia.
The most advanced project, is host to an advanced stage Nickel-Copper Deposit which is reported to contain a global historic Soviet classified C2 and P1 resource estimate which indicates an exploration target ranging from 11 million to as much as 179 million tonnes grading from 0.38% to 0.65% Nickel and from 0.13% to 0.29% Copper. Although Kola does not regard this historic global estimate as a current resource, it does suggest a exploration target in excess of 1 billion pounds of nickel. Investors are cautioned that the potential quantity and grade is conceptual in nature and that there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the confirmation or discovery of a mineral resource.
A Mining veteran at the helm of Kola Mining
More news at Kola Mining Corporation (TSXV: KM, OTC: KMNFF, Frankfurt: C8M). The company has appointed Mr. Igor A. Kovarsky, President and Director, as Chief Executive Officer of Kola Mining effective retroactively as of June 1, 2008. Mr. Pinkowski will remain Chairman of the Board of Directors.
Mr. Kovarsky has almost 30 years of experience in the construction and mineral sectors in exploration, engineering, development and operations. Since 1992, he worked with Centerra Gold Inc. and Cameco Gold in various roles including Director and Vice-President, Government Affairs & Business Development.
Mr. Kovarsky’s track record as a mine developer is indeed impressive. He played a key role in the acquisition, feasibility work and successful development of the Kumtor gold mine in Kyrgyzstan. He was also instrumental in acquiring an ownership interest in the Australian gold exploration company AGR Limited, which directly led to the development of the Boroo mine in Mongolia and growth of Boroo Gold Company and Centerra Gold Mongolia LLC.
Mr. Kovarsky’s experience in the former Soviet Union spanning over 15 years with various organizations including the Moscow regional government as Chief of the Construction Department, is expected to help Kola Mining. He has established relationships with the most influential decision-makers at all levels of government in the former Soviet Union, Central Asia, Mongolia and North America. Such contacts always help doing business in Russia and Central Asia where kola Mining has operations.
Mr. Kovarsky received his Masters in Civil/Structural Engineering from Moscow Technical University (MADI) in 1980, and Diploma in Foreign Relations & International Politics from Moscow Political University in 1985. He completed the Queen’s Strategy Program at Queen’s School of Business, Queen’s University, Canada in 2005, and the Ivey Leadership Program at Richard Ivey School of Business, University of Western Ontario, Canada in 2004.
He is a member of the Prospectors and Developers Association of Canada. He was made an Honorary Miner of Kyrgyz Republic and Mongolia in 1998 and 2004 respectively
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