The following are two important news releases that should be looked at.
PRESS RELEASE
Chief Eric Fisher and Wabaseemoong Independent Nations welcome Emerald Fields Resource Corporation?s announcement of its agreement with AMZIM Minerals Ltd leading to the development of the high grade petalite deposit located at Separation Rapids, located on the English River in Ontario. Separation Rapids is within Wabaseemoong?s Traditional Land Use Area.
Wabaseemoong Independent Nations and Emerald have now entered into formal negotiations to solidify their relationship. While providing its support and commitment to the mining project, Wabassemoong will be able to ensure the environment of its Traditional Land Use Area is protected and that employment other economic benefits from the project flow to members of its community.
?Our community?s involvement in this project will help us develop and prosper, while ensuring our Traditional Land Use Area is protected. A strong and harmonious working relationship with Emerald will also result in a successful mining project, benefitting the First Nation and the region as a whole?, commented Chief Fisher.
April 7, 2000
2nd Press Release
London 5th April 2000
AMZIM Minerals Ltd, the Holding Company of Bikita Minerals(Pvt) Ltd, Zimbabwe and Emerald Fields Resource Corporation, of Canada have concluded an agreement which will lead to the development of the high grade petalite deposits owned by Emerald Fields Resource Corporation at Kenora, Ontario.
Bikita is the largest producer of petalite in the world, and the agreement specifies that Bikita will assist and support Emerald in the evaluation of the products to be produced by Emerald, as well as giving Emerald access to the proven low cost production technologies employed by Bikita.
In return, the agreement envisages that Amzim and Emerald will establish a joing marketing Company to optimize the eventual sales of Emerald products in the specialized markets which Bikita has established over the years, together with sales into the new markets which will be developed by the joint venture. Amzim Minerals Ltd has secured options on participating in the equity of Emerald Fields, once mine development is underway.
This agreement coincides with the conclusion of a contract between Bikita Minerals and World Kitchen Inc(WKI, formerly Corning Consumer Products) in the USA, whereby Bikita will be the sole supplier of petalite to WKI for its Martinsburg operations, the largest single consumer of lithium minerals in the world, for a period of three years, commencing 1st March 2000, with a mutual option to renew for a further period of three years.
For Further Information Contact
Colin Morgan
Chairman
Amzim Minerals
Ph (44) 1865 7335108
Fax (44) 1865 730811
Email: colinmorgan@compuserve.com
Perry Heatherington
Chief Operating Officer
Emerald Fields Resource Corp
Ph (1) 807 468-7374
Fax (1) 807 468-9792 |
