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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO)

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From: TheSlowLane	12/20/2011 6:41:36 AM
	of 247

National Academy of Sciences Study ‘road map’ for safe uranium production at Coles Hill in Virginia Virginia Energy Resources Inc. (TSX.V: VAE) (OTCQX: VAERF) is pleased to report that the National Academy of Sciences (NAS) study was released today and concludes that by employing best practices that have been in place in the uranium producing districts of Canada and the United States for the past twenty years will provide sufficient mitigation of environmental and health concerns in Virginia. “The study provides a clear road map for creating safe uranium production at Coles Hill,” said Walter Coles Jr., President and CEO of Virginia Energy Resources. “The study shows that major technological and regulatory advances over the past 30 years have dramatically improved the environmental and public health performance of the uranium mining and milling industry,” Coles continued. “We are committed to adopting the best practices and regulatory requirements identified by the NAS to ensure protection of the environment and public health.” The report, in particular, provides the road map for how Virginia can design a regulatory structure to provide oversight for safe uranium mining. The recommendations rely heavily on the track record of modern uranium mining operations in Canada and the United States, which have been proven successful at managing many of the environmental and health risks associated with the industry. The report singles out the impact of lined, below-grade tailings disposal and improvement of underground ventilation as having a significant impact on preserving water quality and worker safety. “We fully intend to implement these state-of-the-art practices at Coles Hill,” commented Coles. More: kitco.com

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