New Jersey Mining Co. announced earlier today changes to its management team and to its board of directors.
Del Steiner has been appointed to the position of CEO and will also assume the role of Chairman of the Board. Most recently Steiner sat as President, CEO, and Chairman of Vancouver based, Premium Exploration Inc. With a strong background that includes extensive experience in environmental and mining law, he has overseen permitting projects all the way from the exploration to mining phases. Steiner has been practicing law in Idaho for more than 25 years.
John Swallow has been appointed to President of New Jersey Mining and will in addition join the Board of Directors. A businessman from Coeur d'Alene and former chairman of Timberline Resources Corporation, Swallow brings his experience from within the local mineral exploration industry as well as extensive knowledge of the junior equity markets.
Steiner and Swallow will succeed departing board members Fred W. Brackebusch, William C. Rust, M. Kathleen Sims, and Ivan R. Linscott. Tina C. Brackebusch has also stepped down as corporate secretary. New Jersey Mining wishes to recognize the departing board members, whose time and dedication to the company has been invaluable.
In addition, Fred Brackebusch is retiring from the company and board in order to pursue other interests, such as mining research and development. Brackebusch commented, "As a founder and fellow shareholder, I am pleased to welcome the new team and I support their vision for the future of New Jersey. They have proven track records within the junior mining industry and I feel they are highly qualified to represent the interests of the shareholders."
New Jersey Mining Company Vice-President and Director Grant Brackebusch will stay on with the Company.
The Board of New Jersey Mining believes that these changes will support its commitment to increasing shareholder value. Continuing its ongoing analysis of corporate assets with goals of balancing near-term production opportunities with exploration, the board will keep focus on moving the New Jersey Mill toward capacity utilization and positive cash flow.
Incoming CEO and Chairman Del Steiner states, "Our strategic vision for New Jersey will seek to realize value from past investments made by shareholders and its strategic partners at the Golden Chest and the New Jersey Mill. John and I are excited to build upon the quality north Idaho asset base that Fred and Grant have skillfully assembled. With our executive strengths, relationships, and industry experience, we are confident that we can lead the Company to the next level, even within the current difficult market environment."
To learn more, please visit newjerseymining.com
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