Amerigo Regrets the Passing of Director David Thomas

Rhea-AI Summary

Amerigo Resources Ltd. (ARREF) announces the passing of director David Thomas, who joined the board in June 2021. Thomas brought over 40 years of mining industry experience, including roles at Kennecott Copper and Freeport Indonesia. His contributions to the Toromocho Copper Project were significant. Amerigo's Executive Chairman, Dr. Klaus Zeitler, expressed deep condolences, noting Thomas's invaluable technical knowledge. Amerigo operates in a long-term partnership with Codelco, producing copper and molybdenum concentrate from tailings at the MVC operation in Chile.

Positive

• Amerigo maintains a long-term relationship with Codelco, enhancing its operational stability.
• The company produces copper and molybdenum concentrates from tailings, indicating efficient resource utilization.

Negative

• The loss of David Thomas may impact the company's strategic direction and technical expertise.

VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; ARREF: OTC) (“Amerigo” or the “Company”) regretfully advises the passing of director David Thomas.

Mr. Thomas joined the Amerigo board of directors in June 2021. He had more than 40 years of experience in the mining industry, working with Kennecott Copper Corporation, Bougainville Copper Limited, and Austpac Resources in Australia. He also was a Vice President and Technical Director for Mellon Bank and worked at Southern Peru Copper Corporation, where he served as Mine Manager, Area Manager, Chief Engineer and Vice President of Operations. He was Vice President-Technical Services at Freeport Indonesia, and worked as Managing Director of VALCO, an aluminum company in Ghana. David also worked on the team developing the Toromocho Copper Project in Peru, initially as an advisor and consultant and eventually as Vice President, Operations and Executive Vice President and Chief Operating Officer. David held a BSc in Mining Engineering from the University of Utah, and an MSc in Mineral Resources Engineering from the University of Minnesota.

“Dave will be sorely missed by all of us who worked with him at Amerigo and through the years”, said Dr. Klaus Zeitler, Amerigo’s Executive Chairman. “Dave’s solid technical knowledge will be hard to replace. We extend our heartfelt condolences to Dave’s wife Geri, and their family and friends”, added Dr. Zeitler.

About Amerigo

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

For further information, please contact:        

Aurora Davidson	Graham Farrell
President and CEO	Investor Relations
(604) 697 6207	(416) 842-9003
ad@amerigoresources.com	Graham.Farrell@HarborAccessLLC.com

FAQ

What happened to David Thomas, a director at Amerigo Resources Ltd. (ARREF)?

David Thomas, a director at Amerigo Resources, has passed away, as announced by the company.

What is David Thomas's background in the mining industry?

David Thomas had over 40 years of experience in mining, with roles at companies like Kennecott Copper and Freeport Indonesia.

When did David Thomas join Amerigo Resources Ltd. (ARREF)?

David Thomas joined the Amerigo board of directors in June 2021.

What is Amerigo Resources Ltd. (ARREF) known for?

Amerigo Resources is known for its copper and molybdenum production from tailings in partnership with Codelco.

How is Amerigo Resources connected to Codelco?

Amerigo Resources has a long-term relationship with Codelco, utilizing tailings from its operations for copper production.