NEW YORK, Feb. 8, 2012 -- Ruby Creek Resources, Inc. (OTCBB: RBYC), a gold exploration and mining company with operations in Tanzania, announces changes in management of the Company.
Rob Slavik, a Director and former CEO has resigned and will continue as a Director and consultant to the Company. Rob will continue on the Company's behalf to provide strategic advice and interfacing with the government of Tanzania on the Company's behalf.
Mr. Dan Bartley has been promoted to CEO of Ruby Creek. Dan has over 25 years of operational and financial reporting experience. From June, 2009 through March 2011, he served as the Chief Financial Officer for Ultravolt Inc., a manufacturer of high voltage electronic components. From May 2006 through June 2009, he served as Chief Financial Officer of Odyne Corporation, a development stage, publicly traded clean energy company. Dan served as Vice President-Controller of Levitz Home Furnishings, Inc., a $1.1 billion specialty retailer of home furnishings. From 1992 through May 2004, he served as President of Bartley & Associates, Ltd., a financial consulting firm that specialized in advising businesses on asset purchase transactions, financial advisory services and financial reporting systems. Dan received his B.S degree in accounting from Long Island University and M.A. in Theology from the Seminary of the Immaculate Conception.
David Bukzin, the Chairman of Ruby Creek's Board of Directors, commented; "On behalf of the Board, management team and shareholders I would like extend a hearty thank you to Rob Slavik for his vision and drive in building Ruby Creek. We expect he will continue to perform brilliantly for Ruby Creek by focusing his energies toward furthering the Company's goals in Tanzania."
Dan Bartley, CEO said; "I want to thank Rob for leading the Company from a static shell company of 2 1/2 years ago to a thriving junior miner we are today. He will continue to benefit the team in his new role as a consultant.
Commenting on Ruby Creek's mining operations, Dan stated; "Our management team is completely focused on getting all of our mining equipment utilized to achieve our production goal of processing ore at the rate of 200 tons/hour. We are presently in the test and commissioning phase of our mining plan. A limited amount of gold bullion has been poured to date. We are expecting to transition from intermittent test mining on our mining license area to full-time daily production over the next eight weeks. Our experienced production team is quite confident that we will be able to achieve successive weekly improvements in ore processing volumes. We intend to issue periodic updates over coming months on our progress towards achieving our production goal."
About Ruby Creek Resources, Inc.
Ruby Creek Resources, Inc. is a gold exploration and mining company. Ruby Creek operates in Tanzania through its subsidiaries, Ruby Creek Gold (Tanzania) Limited and Ruby Creek Resources (Tanzania) Limited. Ruby Creek is the operator of the Tanzania Gold Plateau Project, establishing operations and infrastructure, along with the permitting process in support of the full development and commencement of gold mining operations on the project.
This news release may include certain forward-looking statements. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this release. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified, from time to time in the Company's public announcements.