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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: onepath	4/19/2007 12:12:25 PM
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Cdn Royalties completes Raglan South assessment 2007-04-19 11:39 ET - News Release Mr. Richard Faucher reports CANADIAN ROYALTIES INC.: RAGLAN SOUTH NICKEL PROJECT UPDATE ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT STUDY COMPLETED Canadian Royalties Inc.'s environmental and social impact assessment for the Raglan South nickel project was deposited with the Quebec Ministry of Sustainable Development, Environment and Parks on April 10, 2007. In accordance with the James Bay and Northern Quebec Agreement, the MDDEP is the administrator of the Kativik Environmental Quality Commission, composed of Quebec and Inuit representatives, and is responsible for assessing and reviewing projects located north of the 55th parallel in Quebec. The ESIA has also been delivered to the Canadian Environmental Assessment Agency for federal review. The ESIA was completed on time and on budget by the consulting firm Genivar LP. Genivar's mandate was expanded to include environmental and engineering studies for the addition of a wharf at Deception Bay consistent with the company's intent to develop an independent, stand-alone mining and milling operation. Further, Canadian Royalties provides the following update with respect to progress made at its Raglan South nickel project: - the bankable feasibility study is nearing completion, with delivery expected to occur in the second quarter of 2007; - a logistics team is currently moving fuel to the exploration sites planned for the 2007 season; - two new higher-capacity drills have been delivered to the RSNP site; and - the deep-penetrating airborne magnetic and MegaTEM electromagnetic survey has been scheduled for May, 2007, with completion expected to occur prior to the commencement of the exploration field season in order to allow for proper target selection and drill testing. We seek Safe Harbor.

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