Two directors of the Southeast Asia Mining board have resigned to pursue other professional commitments within the junior mining sector. The company’s president Brian Jennings says Stephen McIntyre and Kerry Smith have made significant contributions to the company in their time as directors.
Southeast Asia Mining is a junior exploration and mining company focused in Thailand. Its subsidiary Southeast Asia Exploration and Mining (SEAM) has a joint venture with two local companies Kanchanaburi Exploration and Mining (KEMCO) and Boh Yai Mining which could see it earn an 80% interest in both.
The two Thai companies are the historical operators of two lead, zinc and silver underground mines in Thailand’s Kanchanburi province and a 1200 tonne per day flotation plant which operated between 1969 and 2002, processing 5.4 million tonnes of ore.
“The property has had a successful operating history and only closed due to poor metal prices and the health of the senior management. There is no apparent reason operations could not be resumed with the current higher metal prices and new operating staff,” says Brian Jennings.
A technical assessment report announced in 2008 concluded there is significant potential for additional resources below the currently known resources. SEAM and its JV partners have begun the process of applying for mining permits at the site.