Allied American Steel Appoints Senior Exploration Adviser, Erik A. Ostensoe
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Allied American Steel Corp has appointed senior exploration adviser, Erik A. Ostensoe, to the company’s management team.
Mr. Ostensoe is a senior geologist with broad experience in mineral exploration and international assignments for resource and mining companies. Among his special abilities are project planning and management, property evaluation and selection, and preparation of NI 43-101-compliant reports. His extensive industry experience, both in the field and in the boardroom, will play a vital role in Allied American’s ongoing asset development efforts at the Lake Touladi Property.
In his early career, Mr. Ostensoe prospected ventures as a staff geologist with Newmont Mining Corporation of Canada Ltd. Since that time, he has been involved in major field projects with Hecla Mining Company of Canada Ltd., a division of Hecla Mining Company and Granduc Mines Ltd. as senior geologist and chief geologist respectively.
Both Mr. Ostensoe and Allied American’s Senior Geologist, Richard Tschauder, gained industry experience during their respective involvement with Hecla Mining Company, which has grown to be the oldest US-based precious metals mining company in North America, while representing a market capitalization of over $2 billion.
Hecla currently produces silver from two silver mines in the US, one of which is the 100 percent-owned Greens Creek mine in Alaska (one of the top ten largest silver mines in the world; produced 7.2 million ounces of silver in 2010).
“We already considered ourselves fortunate over the recent addition of Richard Tschauder to our management team as Senior Geologist,” said Jes Black, Allied American’s CEO & chairman. “And now that Erik Ostensoe is our senior exploration adviser, we’re positioned to draw on a greater depth of know-how.”
Over the years, Mr. Ostensoe’s duties have varied from field and underground mapping, to due diligence related to property acquisition and exploration proposals, acting as director for various exploration companies, and the management of mineral projects that have represented million dollar budgets and, on occasion, crews exceeding 30 persons.
Mr. Ostensoe’s education includes a BSc. (Hons.) degree in geology from University of British Columbia, and MSc. Studies in economic geology at Queen’s University, Kingston, Ontario. Additional studies have included courses in geophysics, diamond exploration, porphyry deposits, uranium deposits and ore deposit models. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and Licensee of Northwest Territories/Nunavut Association of Professional Engineers and Geoscientists.
About Allied American Steel
Allied American Steel Corp is an exploration stage mining company focused on the discovery and production of iron ore resources, and the potential titanium dioxide resources often associated with iron deposits. The company is publicly traded, and can be found on the NASDAQ OTC BB under the ticker symbol AAST.OB. Based in Pittsburgh, Pa, Allied American Steel has a 60 percent option on the Lake Touladi Property. The property represents 48 contiguous mineral claims totaling 6,773 acres (2,741 hectares). The claims are located within reach of the eastern seaboard along the Canadian province of Quebec, granting easy access to world export markets.
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