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Orinoco MD and chairman quit

Just as Orinoco Gold (AU:OGX) restarts development at its Cascavel gold project in Brazil, company co-founder and managing director Mark Papendieck has resigned and chairman John Hannaford has decided to retire.

Orinoco MD and chairman quit Orinoco MD and chairman quit Orinoco MD and chairman quit Orinoco MD and chairman quit Orinoco MD and chairman quit

Going with the flow: Mark Papendieck has resigned from Orinoco

Papendieck has run Orinoco since 2011, and managed Cascavel during the ups and downs linked to the decision to keep moving ahead to development there without a defined resource.