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

To: tyc:> who wrote (61037)	9/4/2008 11:46:57 AM
From: onepath	Read Replies (1) \| Respond to of 78418

You sure? Terrane's Mt. Milligan application moves onto review 2008-09-04 11:30 ET - News Release Mr. Robert Pease reports TERRANE METALS CORP.: MT. MILLIGAN ENVIRONMENTAL ASSESSMENT APPLICATION ACCEPTED FOR GOVERNMENT AND PUBLIC REVIEW Terrane Metals Corp.'s environmental assessment application for the commercial development of the Mt. Milligan copper-gold project has been accepted for review by the British Columbia Environmental Assessment Office (BC EAO). The 9,000-page application is based on two years of comprehensive environmental, engineering and socio-economic studies in consultation with first nations, stakeholders, BC EAO, Canadian Environmental Assessment Agency and other government agencies. It is now being distributed for public review. The application was first submitted on July 16, 2008, to ensure completeness and consistency with previously approved project "terms of reference." Formal acceptance of the application by the BC EAO starts a 180-day public review period during which the BC EAO will complete the review and refer the application to provincial ministers for a decision on the issuance of an environmental assessment certificate. Robert Pease, president and chief executive officer of Terrane, stated: "Acceptance of the application is another significant milestone for Mt. Milligan. This important document underpins our commitment to long-term environmental stewardship and sustainable growth within the project region. We look forward to the active participation of all interested parties in the review process." Terrane recently completed a two-year, $20-million feasibility study report on Mt. Milligan (see news in Stockwatch March 31, 2008) that forecast average annual production for the first six years of a 15-year mine life at 265,100 ounces of gold and 97 million pounds of copper. The project is on schedule and budget. Detailed engineering design and procurement of long lead-time capital equipment programs are now under way. Once in production, the project will directly employ approximately 400 people and inject roughly $85-million annually into a regional economy currently hard hit by a severe downturn in the forest industry. Terrane corporate update Terrane is pleased to announce it has retained, subject to regulatory approval, the services of London-based Vicarage Capital to support its investor communications and awareness activities in Europe. In consideration of these services, the company has agreed to pay a quarterly retainer of $5,000 and 100,000 stock options at a price of 0.45 per share with a vesting period of 18 months for an initial 12-month contract period. We seek Safe Harbor. Top Print this Page