To All:
disclaimer
FOR FURTHER INFORMATION PLEASE CONTACT: Wheaton River Minerals Ltd. Ian J. McDonald Chairman and Chief Executive Officer (416) 860-0919
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: WHEATON RIVER MINERALS LTD. TSE SYMBOL: WRM APRIL 9, 1997 Wheaton River Minerals Ltd. - Illegal Blockade at Golden Bear TORONTO, ONTARIO--Wheaton River Minerals Ltd. and North American Metals Corp. announce that the private access road to the Golden Bear mine in northwestern British Columbia has been subjected to an illegal blockade by the Tahltan First Nation Band based in nearby Telegraph Creek. The road, constructed by North American Metals in 1989 at a cost of $21 million, is governed by a B.C. Forestry Special Use permit and is situated on Crown Land. Wheaton River, through its subsidiary North American Metals, plans to complete construction and resume production at the Golden Bear heap leach mine commencing in May 1997. The project is fully permitted and meets or exceeds all environmental regulations in the Province of British Columbia where such regulations are considered to be some of the strictest in the world. During the month of March large quantities of supplies and equipment were mobilized and transported to the minesite. A five year mining contract was recently awarded to Pelly Construction of Whitehorse over a number of other bidders. One of these was a joint bid by the Tahltan Nation Development Corporation and Stewart Construction, which was not selected after due consideration. On April 7th, 1997, the Companies received a Tahltan Joint Council Declaration stating that the "Tahltan First Nation rights have been repeatedly violated by the lack of consultation, information sharing and cooperation on the part of North American Metals." The Joint Councils are demanding an agreement with North American Metals that will include: /T/ - Right of first refusal - Employment equity - Long-term training - Protocol and consultation agreements - Environmental / technical monitoring - Reclamation and closure agreements - Renovation of existing construction and road maintenance agreements /T/ The Companies are willing to negotiate all of the above items with the exception of Right of First Refusal, and the reclamation and closure agreements which are already in place with the British Columbia government. Company policy has always been to encourage the Tahltan First Nation to bid on contracts, and a number have been awarded to them in the past. The Tahltans currently have the maintenance contract on the road they are blockading. As they have in the past, the Companies also intend to ensure that a significant proportion of jobs at the site, approximately 30 percent, are available to members of the Tahltan First Nation. The Companies have informed the Tahltan First Nation of its planned activities on numerous occasions, and received little comment until this time. On Friday, April 4th, four senior personnel from the Companies travelled to Telegraph Creek for a meeting, at the invitation of the Band Council. When they arrived they were not allowed to participate in the meeting. Wheaton River and North American Metals are seeking an injunction to remove the blockade immediately through the British Columbia Supreme Court. Discussions with the Tahltan First Nation are continuing. -30- |