TUCSON, Ariz.--(BUSINESS WIRE)--Silver Scott Mines, Inc. (PINK SHEETS: SILS) (the “Company”) announced today that President/Director Melvin Herdrick has retired from the Company effective December 01, 2013. He will assist the Company with an orderly leadership transition over the next few months.
“I make this retirement decision with appreciation for all of the dedicated employees who have contributed to successfully starting the precious metal heap leach production at the Carmen Mine. I leave Silver Scott with the strong belief that the foundation I have set now positions the Company for a bright and successful future. It is time to focus on production optimization that will best benefit shareholders,” stated Mr. Herdrick.
"Silver Scott Mines, Inc. would like to take this opportunity to recognize the fine work done by Mr. Mel Herdrick in developing and starting up the Carmen Project. He is one of the finest geologists that I have had the pleasure of knowing and the Company owes him a real vote of gratitude. We would also like to thank Mel for agreeing to advise the new management and Board to assist in a smooth transition as we optimize production at Carmen," stated Mr. Roy Shipes, the newly elected non-executive Director and Chairman of the Board of the Company.
About SILS:
Silver Scott Mines, Inc. is a mining company
currently focused on production and development of gold and silver
projects in Mexico. It has the Carmen gold and silver Mine operating in
Sonora, Mexico and the Quitovac and Venturina exploration projects. The
Silver Scott Mines, Inc. common shares are traded on the OTC under the
symbol SILS.
Cautionary Statements:
Statements made which are not
historical facts, such as anticipated payments or purchases are
"forward-looking statements" and involve a number of risks and
uncertainties that could cause actual results to differ materially from
those projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to, metals price volatility,
volatility of metals production and costs, exploration risks and
results, political risks, project development risks, labor issues and
ability to raise financing. The information contained in this press
release should not be construed as any indication whatsoever of the
Company’s future financial condition or the future price of its common
stock. The Company cautions readers that the Company is not current in
its reports with otcmarkets. The Company undertakes no obligation and
has no intention of updating forward-looking statements.
Silver Scott’s Home Page can be accessed on the Internet at: www.silverscottmines.com
Contact:
Matt Lang
Investor Relations
MattJLang@msn.com
(520)
889-2040 Ext.10