Should be good news folks!
Press Release | Source: GLR Resources Inc. |
GLR Receives Ministerial Approval to Develop the Goldfields Project
Friday May 30, 5:09 pm ET
Toronto: GRS/Frankfurt: GKF
KIRKLAND LAKE, ON, May 30 /CNW/ - GLR Resources (TSX:
GRS -
News) is pleased to announce that the Saskatchewan Minister of the Environment, Nancy Heppner, has now granted GLR Resources approval to proceed with the development of the Goldfields Project pursuant to Section 15(1) of The Environmental Assessment Act of Saskatchewan.
Commenting on this major development, GLR President and CEO Robert Kasner noted "receipt of this critical approval marks a huge step forward in bringing the Goldfields Project into production. I would personally like to thank Environmental Assessment Director Randy Seguin for all his hard efforts in working with GLR Resources to help obtain this Ministerial approval".
About GLR Resources
GLR is a Canadian based junior mineral exploration company focusing on projects in North America and with existing projects in Ontario, Quebec and Saskatchewan. GLR's most advanced project is its Goldfields Project, located near Uranium City in northern Saskatchewan. The Goldfields project consists of two open-pitable Gold deposits - The Box and Athona - containing a resource in excess of one million ounces Gold. GLR is focused on bringing the Goldfields project into production in 2009. GLR trades on the TSX under the symbol GRS.
For further information please see the company website at www.glrresources.com.
Forward Looking Statements: This news release contains certain forward-looking statements, including the statement about commencement of operations. These forward-looking statements reflect the current expectations or beliefs of GLR based on information currently available to the Company and are subject to a variety of risks and uncertainties beyond GLR's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Factors that could cause actual events or results to differ materially from current expectations include, among other things: capital costs for mine construction varying significantly from estimates; fluctuations in commodity prices; delays caused by unavailability of equipment, labour or supplies, climatic conditions, delays in the delivery and installation of plant and equipment or otherwise; inability to obtain or the termination or suspension of credit facilities; and other factors. Except as may be required by applicable securities laws, GLR disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For further information
Robert Kasner, President & CEO, T: (705) 567-5351, E: kasner1@ntl.aibn.com
Malcolm Bucholtz, V.P. Investor Relations, T: (306) 525-0852, E: saskmining@hotmail.com
Source: GLR Resources Inc.
Loading...
Loading...