Tuesday 13 December 2011

Kootenay Gold bolsters board with new appointment

Kootenay Gold (CVE:KTN) has appointed mining executive Jon Morda to its board of directors, the company announced Monday. 

Morda has experience in all areas of strategic corporate planning, operations, budgeting, accounting as well as taxation functions.

Morda, who holds a Bachelor of Arts degree from the University of Toronto, began his career within the mining sector in 1986 as supervisor for Dome Mines.

From 2004 to 2011, Morda served as CFO of Toronto-based Alamos Gold  (TSE:AGI), in charge of financing, construction and subsequent growth from exploration to production of the Mulatos mine in Mexico. During his tenor with Alamos Gold, Morda was instrumental in helping transition that company from an early-stage developer to an intermediate gold producer.

Over the course of his 20 year plus career, he has also served as chief financial officer for HMZ Metals and at Minefinders (TSE:MFL), and as manager of Lac Minerals, among other positions. 

Kootenay’s chief executive, James McDonald, said: “Morda is a high-calibre mining executive that brings a unique skill-set to our board, as we continue to advance and develop our Promontorio Silver Project in Sonora, Mexico.”

Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico.

The Promontorio silver mine currently hosts an NI 43-101 compliant resource that contains 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver.

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