TORONTO, Dec. 2, 2015 (GLOBE NEWSWIRE) -- Nevada Zinc Corporation ("Nevada Zinc" or the "Company") (TSX-V:NZN) is pleased to announce the appointment of Duane Parnham as director and Chairman of the Board of Directors of Nevada Zinc.
President and CEO, Bruce Durham commented on the appointment, "I have known Duane for more than 20 years and over that time I have seen how his commitment and ability have had a significant impact on the success of the companies that he has been involved with at both a board and senior management level. Duane's proven history of developing mining projects in conjunction with his extensive capital markets experience will add considerable depth to our board and management team."
Mr. Parnham has a successful track-record of developing exploration companies from start-up to fully permitted projects with considerable resources and reserves. This experience includes working internationally with governments and landowners to identify high-impact and underdeveloped projects, and providing the capital and managerial resources necessary to create shareholder value. Mr. Parnham has founded and developed multiple resource focused companies, including Giyani Gold Corp, Forsys Metals Corp., UNX Energy Corp., Canoe Mining Ventures Corp., and Temex Resources Corp.
In connection with his appointment, Mr. Parnham commented, "I am extremely pleased to be joining Nevada Zinc's team of highly successful industry professionals as they develop the Lone Mountain zinc project in Nevada. This project is developing into a significant zinc discovery at a time when large zinc mines are closing and there is a real shortage of good new discoveries. Additionally, the project is located in one of the world's top mining jurisdictions. My role as Chairman will allow Bruce and his team to focus on both technical and corporate matters as I assist in the marketing efforts for the Company."
The Company has granted Mr. Parnham options to purchase 600,000 shares under the Company's stock option plan at a price of $0.25 for a period of 5 years.
About Nevada Zinc
Nevada Zinc is a discovery driven, early-stage mineral exploration company with a management team that has a long record of successful exploration discoveries. The Company's principal project is the Lone Mountain zinc project located near Eureka, Nevada. The Company also holds title to a number of exploration properties in Yukon.
For further information contact:
Nevada Zinc Corporation
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2
Tel: 416-504-8821
Bruce Durham, President and CEO
bdurham@nevadazinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company makes no representation that it will update any forward looking statement contained herein.