Yellowhead Mining announced Tuesday that. Ming An Fu has been appointed to the company's board of directors, subject to Toronto Stock Exchange approval.
Fu is the president of Anthill Resources Ltd., a mining investment group that he founded in 2009 and that is a major shareholder of Yellowhead. Prior to 2009, Fu was chairman and founder of Jiangyuan Mining Investment Corp. in Beijing. In 2004, he identified and acquired three iron ore and gold properties in Inner Mongolia and established Meng Yuan Ore Processing Company, which performed mineral exploration, mine development/construction, mining and processing activities.
Dr. Morgan (Gongbo) Li resigned from Yellowhead's board of directors, effective June 29, to pursue other endeavors. Li is the chief operating officer of Anthill Resources. He also has responsibility for overseas investment with Zijin Mining Group, a leading Chinese gold, copper and non-ferrous metals producer and refiner in Mainland China.
Yellowhead chairman T. Gregory Hawkins, commented: "I would like to thank Dr. Li for his contribution to the board and to the growth of Yellowhead, and wish him the very best in the future. We would also like to welcome Mr. Fu who, through Anthill Resources, has been a loyal and supportive shareholder since 2010 and a key conduit to the Chinese investment community. We look forward to having the direct benefit of his mine building and financing experience at the boardroom table."
Yellowhead's major project is the proposed copper, gold and silver mine at Harper Creek, which is about 20 km southwest of Vavenby.