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Feb. 27, 2013 /PRNewswire/ -
Western Pacific Resources Corp. (TSXV - WRP) is pleased to announce the appointment of Mr.
Michael Callahan, former Vice President of Hecla Mining Co. (NYSE: HL, "Hecla") as the new President. Mr.
Arthur Brown, former CEO and Chairman of
Hecla, will also join the Company as Chairman of the Board and Director. Mr. Callahan and Mr. Brown recently held the positions of President and Chairman respectively of Silvermex Resources Ltd. During their tenure at Silvermex, the company was bought out by First Majestic Silver Corp. (TSX: FR) for approximately
C$175.4 million in July of 2012 (refer to "First Majestic" Press Release dated
July 3, 2012).
The current President,
Eric Saderholm, will become the Company's Vice President, Exploration and remain a Director, and Warwick Smith will remain as Chief Executive Officer.
Mr. Callahan served as Vice President of
Hecla and President of
Hecla's Venezuelan Operations from 2006 to 2009. Joining the company in 1989, he held various positions at the company including Vice President of Corporate Development. Between
December 2009 and
July 2012 he served as President of Silvermex Resources Ltd. (TSXV: SMR), until the company was acquired by First Majestic.
Mr. Brown served as CEO and Chairman of
Hecla until retiring in 2006. During his 39 year tenure at
Hecla he held many senior positions in operations, becoming the company's President in 1986, and Chairman and CEO in 1987. Mr. Brown serves as a director on the board of AMCOL International Corporation (NYSE: ACO) where he also serves as a member of the audit and compensation committees. Mr. Brown is also a director of the Idaho Independent Bank. He is a former Director of the National Mining Association and served as a Director of The Gold Institute and The Silver Institute (Past President).
Mr. Callahan will help direct the Company in its transition from an exploration company to a profitable producer, with the recently acquired Deer Trail Mine,
Piute County, Utah. (Refer to Press Release dated
February 26, 2013). Mr. Brown will lead the Company's directors and executives, overseeing corporate governance while enhancing shareholder value.
Warwick Smith, CEO of Western Pacific, comments: "We are extremely excited to welcome Michael as Western's new President and Arthur as our new Chairman and Director. Not only do we have an exciting new flagship asset in the Deer Trail Mine, but we now have a strong senior management team with key expertise in underground mining operations and corporate governance."