Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (25762)	11/17/2006 11:08:50 AM
From: LoneClone	Read Replies (1) \| Respond to of 78408

Wolfden files High Lake Project Proposal With NIRB Friday November 17, 9:27 am ET ca.us.biz.yahoo.com Permits granted for advanced exploration programs at High Lake and Izok Shares Issued: 88,647,878 THUNDER BAY, ON, Nov. 17 /CNW/ - WOLFDEN RESOURCES INC. (TSX:WLF - News) is pleased to announce that the Comprehensive Project Proposal for the High Lake Project has been submitted to The Nunavut Impact Review Board (NIRB) and Federal and Territorial regulatory authorities. In addition, several permits have been received with respect to advanced exploration programs for the corporation's 100% owned High Lake and Izok Properties in Nunavut, Canada. "Filing of the Project Proposal with NIRB is the next step in the permitting process for the proposed High Lake Mine, bringing the Company one step closer to its goal to become a base metal producer at High Lake," said Ewan Downie, Wolfden's President and CEO. "We have worked hard during the preparation of this landmark document to ensure we have made our best efforts to adequately assess the impacts of the project. We look forward to working closely with NIRB and the various stakeholders in the coming review." he said. In submitting the Project Proposal documents, Wolfden has requested that NIRB consider the information provided in the Project Proposal sufficiently comprehensive to be considered as a full Environmental Impact Statement pursuant to Article 12.5.2 of the Nunavut Land Claims Agreement. In addition Wolfden has requested that NIRB recommend to the Minister of Indian and Northern Affairs Canada ("INAC") that the project receive an Article 12, Part 5 review under the Nunavut Land Claims Agreement. Wolfden has endeavoured to prepare a thorough Project Proposal that is complete in its assessment of the environmental and socioeconomic impacts of the project and that it provides NIRB with the technical, environmental and socio-economic information necessary to conduct its review. NIRB will conduct a review of the project with input from various interveners including regulators and other stakeholders. Ultimately NIRB will make a recommendation to the Minister as to whether the High Lake Project should proceed. If a positive NIRB recommendation is obtained and is supported by the Minister, NIRB would then issue a Project Certificate which would allow the Nunavut Water Board ("NWB") to schedule and hold hearings into the granting of a water license for the project. A copy of the executive summary of the Project Proposal is available on the Company's website at www.wolfdenresources.com and the complete Project Proposal documents will be posted on NIRB's website at nirb.nunavut.ca. Recently, NIRB issued a Screening Decision Report that has recommended in favour of the High Lake re-licensing Project Proposal for advanced exploration in the Kitikmeot Region of Nunavut, Canada. Further to this recommendation, INAC (Indian and Northern Affairs Canada) has granted to Wolfden a Land Use Permits associated with this re-licensing program. Land Use authorization from the Kitikmeot Inuit Association with respect to Inuit owned lands is pending. For the Izok Project, a Land Use Permit has been received from INAC, and the Nunavut Water Board has granted a Water Use License. These permits will allow Wolfden to complete the construction of a new camp at Izok and begin exploration work on the Property. WOLFDEN is a Canadian based mineral exploration and development company with a diversified portfolio of advanced stage properties and several ongoing exploration programs in Canada. Wolfden is debt free and has a strong treasury. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. For further information Ewan Downie, President & CEO, Phone: (807) 346-1668, Fax: 807-345-0284, e-mail: Info@wolfdenresources.com, Web Site: www.wolfdenresources.com