Centurion Resource Group Welcomes New Partner: Certified Mineral Appraiser Bernard Guarnera

DENVER, Oct. 23, 2013 /PRNewswire/ -- Centurion Resource Group (CRG), a private equity fund management company focused on the global mining sector, announced today that Bernard ("Barney") Guarnera has joined as a partner.  Mr. Guarnera is a Certified Mineral Appraiser with more than 45 years experience in valuation of mineral properties, economic geology and deal structuring within the international mining industry. Mr. Guarnera's valuation expertise spans all commodities and geographic area with special emphasis on base and precious metals.

In 1991 Mr. Guarnera joined Behre Dolbear Group, one of the premier mining consulting companies, as a CEO and he currently serves as Chairman of the Group. In these roles he has been responsible for developing the company into a multi-office, multi-million dollar growing enterprise. His personal expertise is in the areas of evaluation and valuation of mineral properties, ore reserve estimation procedures, design and evaluation of exploration programs for precious and base metals, coal/lignite, uranium, and industrial minerals, as well as the negotiation and terms of mineral agreements. Mr. Guarnera has been involved in the valuation of some of the world's largest mineral properties including Pebble property in Alaska, Oyu Tolgoi deposit in Mongolia and Newmont Gold Corporation's acquisition targets.

Just prior to joining Behre Dolbear, he served as Executive Director of Mining, Oil & Gas and Hydropower Group at Boise Cascade Corporation where he was overseeing the development of the group's focus resources on the company's properties. Earlier in his career he held positions with Quebec Cartier Iron Mining Company, Anaconda American Brass, Ltd., AMAX Exploration Inc., Texaco, Inc., and Dames and Moore.  Mr. Guarnera holds a BSc in Geological Engineering and MSc in Economic Geology from Michigan Technological University. He is the past President of the International Mineral Professionals Society and is a Councilor with the Mining and Metallurgical Society of America.

Richard Waryn, Managing Director said, "We are very fortunate to have someone of Barney's caliber and experience joining our mining fund group. It provides CRG with a competitive advantage that few other mining funds can match."

The fund's strategy is to target and acquire interests in both early stage development assets as well as more advanced 'brownfield' opportunities with experienced management teams. Consolidation of sector specific assets is also a significant part of the Fund strategy.  A particular emphasis is on deals in North America, Central Asia and Latin America.

David Linsley, Managing Director added, "We have put together an exceptional group consisting of top professionals in geology, mine engineering, metallurgy, and private equity.  Barney could not be a better choice for our team, he has a depth of experience with global mining projects that is frankly second to none."

CRG's Natural Resources Fund had its first closing in September 2013. The team are continuing to fund raise and expect to close to new investors in the first quarter of 2014.

ABOUT CENTURION RESOURCE GROUP: CRG is an international private equity fund management group with expertise in natural resources.  The partners in CRG collectively have over 100 years of professional experience in private equity and mining investments. CRG has offices in Denver and Almaty, Kazakhstan.

Contact:

Richard Waryn 
Centurion Resource Group
Tel: 303 409 7754 
Email

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SOURCE Centurion Resource Group