Precious metals company Sino Prosper State Gold Resources has appointed a new chief geologist to join its management team. Kar Fai Leung is the author of many technical publications about geologic structures in China, and a member of the Australasian Institute of Mining and Metallurgy and the Geological Societies of London and Hong Kong.
Kar Fai Leung is well known in the Hong Kong and Chinese mining communities, recently serving as the Asia Pacific Technical Representative for international mining consulting firm Behre Dolbear.
Sino Prosper’s chief executive officer Richard Sung says, “The addition of Kar Fai to our management team brings us significant new technical strength at our head office level and continues our process of expanding and enhancing our management capabilities. We are very excited to have Kar Fai join us.”
Kar Fai Leung graduated from the University of Hong Kong with Honours with a Bachelor of Science (major Earth Sciences) and a Master of Philosophy in Earth Sciences. He is a founding member and chairman of the Hong Kong Mining Investment Professionals Association, and is also active in a number of charitable and educational endeavours in Hong Kong.
“In his new role, Kar Fai Leung will work closely with the group’s local geologists to identify exploration targets, develop future exploration plans and monitor existing exploration plans. He will also work with other members of the group’s executive team in maintaining and controlling all geologic data bases, providing advice to the group on all geologic issues, and assisting with the group’s corporate development activities,” says Richard Sung.
Sino Prosper is developing the production-ready Zhongyi Weiyi polymetallic gold property in China’s Heilongjiang province and has acquired and significantly expanded the Aohan Qi operating gold mine in Inner Mongolia. In 2011 December, Sino Prosper agreed to potentially acquire a gold project in Guizhou province, subject to due diligence and a number of other significant conditions.
The company’s strategy is focused on using its strategic relationships in China to acquire producing or near-production assets where it can rapidly expand resources and production per share.