Nova Mining Corp. (OTCBB:NVMN) announced today that the Company has appointed Dr. Duncan Bain as President. Dr. Bain has been President of Duncan Bain Consulting, Ltd. for the past twenty-five years. He earned a B.Sc. and a Ph.D. in geology from the University of Western Ontario in 1977 and 2010, respectively. He is a member of the Professional Geoscientists of British Columbia and Ontario.
Nova Mining seeks direct industrial diamond purchasers, bypassing the additional cost of cutting (shown). (Photo: Business Wire)
With over 30 years of experience, Dr. Bain began his career as a geologist in 1977 after receiving his degree from the University of Western Ontario. Following ten years of direct experience in the field, Bain started Duncan Bain Consulting Ltd., an elite mineral deposits firm that provides review, mapping, sampling, staking and report preparation services of minerals properties across the world including Canada, the United States, Mexico, Peru, Saudi Arabia, China, Colombia, Ecuador, Portugal and Papua/New Guinea.
Nova Mining Corp. (NVMN) strongly believes that current market conditions are extremely favorable for diamond prices and sales due to the new significant demand being placed on the existing worldwide diamond supply. New manufacturing methods requiring superior cutting materials, the need for more diamond tipped oil drilling bits and rapidly rising demand in Asia resulted in a staggering price increase of 49% in the first half of 2011, accelerating after two years of 30% annual growth. Due to these steadily increasing market trends, the Company is initially focusing on diamonds, but is also looking to build a mining asset portfolio that contains copper and gold resources.
Nova Mining Corp. (NVMN) aggressively searches out and acquires the most promising strategic mining resources worldwide. NVMN competes in an industry sector that includes the Harry Winston Diamond Corporation (NYSE: HWD), the Hecla Mining Company (NYSE: HL) AngloGold Ashanti Ltd. (NYSE: AU), and Harmony Gold Mining Ltd. (NYSE: HMY).
About Nova Mining Corp. (OTCQB:NVMN)
Nova Mining Corporation is a Nevada corporation listed on the OTCQB under the trading symbol NVMN. The Company’s is a growth-focused company that seeks to acquire an international portfolio of viable mining projects ready for further development. The Company operations philosophy includes securing local partners with strong management abilities and proven records for low production cost and high return on investment. Nova Mining is listed on the NASDAQ OTC exchange under the symbol NVMN.
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