Business & Finance
Thu, October 29, 2009Wed, October 28, 2009Tue, October 27, 2009Mon, October 26, 2009Sat, October 24, 2009Fri, October 23, 2009Thu, October 22, 2009Wed, October 21, 2009Tue, October 20, 2009Mon, October 19, 2009Sun, October 18, 2009Fri, October 16, 2009Thu, October 15, 2009North American Tungsten Corporation Ltd.-MacTung Project: Yukon Environmental and Socio-Economic Proposal Accepted
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Published in Business and Finance on Friday, October 23rd 2009 at 4:39 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2009) - North American Tungsten Corporation Ltd. (TSX VENUTRE:NTC) is pleased to announce that it has received formal notification from the Yukon Environmental and Socio-economic assessment Board (YESAB) that its Proposal for the MacTung Project has been deemed adequate and that screening of the Proposal will commence pursuant to the Yukon Environmental and Socio-economic Assessment Act (YESAA).
YESAA replaces the former Yukon Environmental Assessment Act (YEAA) and MacTung is the second mine to be deemed adequate under this act. Being deemed adequate implies that sufficient technical and environmental information has been presented to YESAB to proceed to the next step. Adequacy is the first milestone in the YESAA process. Following the adequacy determination, the project proposal proceeds to Screening which will include public comment periods and result in a screening report and recommendation. The assessment process then terminates with a Decision Document. The subsequent steps in the process would be the acquisition of permits, including the Quartz Mining Licence and Type A Water Permit, followed by project construction.
NTC has been working closely with the communities and First Nations in the area of the mine and have had numerous meetings with the Chiefs and Council as well as the Mayors and Council of the various communities. NTC is working with Kaska First Nation on a number of initiatives, including the Yukon Mine Training Program and the Liard First Nation Development Corporation has completed an Underground Mine Training Program for members of the Kaska First Nation. NTC is also a participant in the development of a Resource Plan with the Ross River Dena Council.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen M. Leahy, Chairman & CEO
Cautionary Note: The Company relies upon litigation protection for "forward-looking" statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
