Canada-based exploration company Pasofino Gold, which is earning a 49% interest in the Dugbe gold project in Liberia, has appointed a new CEO.
The company announced on Monday that Daniel Limpitlaw had replaced Ian Stalker as president and CEO with immediate effect.
Stalker will remain in a consultancy role, focused on the strategic initiatives under way.
Limpitlaw will also join the board of directors, replacing John Sanders who has resigned from the company.
Pasofino last week announced the feasibility study results for the Dugbe openpit project, estimating that $397-million would be required to build the 200 000 oz/y mine.
Dugbe has a mineral reserve of 2.76-million ounces and an additional 67 000 oz of inferred mineral resources in the feasibility study pit and immediate sidewalls which have not been included in the mineral reserves.