Avanti Mining Receives Environmental Approval From the Government of Canada for Its Kitsault Project
June 30 2014 - 8:30AM
Marketwired
Avanti Mining Receives Environmental Approval From the Government
of Canada for Its Kitsault Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 30, 2014) -
Avanti Mining Inc. (TSX-VENTURE:AVT) ("Avanti") is pleased to
announce that approval of its environmental assessment application
has been granted by the Hon. Leona Aglukkaq, Minister of the
Environment, Government of Canada on June 27, 2014. The decision,
reached after a comprehensive, science-based review led by the
Canadian Environmental Assessment Agency ("CEAA"), concluded that
the project is not expected to result in any significant adverse
effects based on the mitigation measures and conditions of the
environmental assessment approval. The CEAA and federal Ministers
also concluded that the Crown's legal obligation to consult with
First Nations and the Nisga'a Nation under chapter 10 of the
Nisga'a Final Agreement, had been met.
"We are delighted with the decision of the Government of Canada
to approve our environmental application," said Gordon Bogden,
President and CEO of Avanti. "With this significant milestone
having been achieved, we can now concentrate on the construction
phase of the mine, our efforts on our project debt negotiations
with our banking syndicate, and the exploration of other financial
options including a sale of silver stream and/or investment by a
strategic partner".
Avanti is focused on the development of the past producing
Kitsault molybdenum mine located north of Prince Rupert, British
Columbia. The Kitsault Mine Project received an environmental
assessment certificate from the province of British Columbia in
March of 2013, and an amended Mines Act permit on June 16,
2014.
For further information, please visit
www.avantimining.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti
Mining Inc. (the "Corporation"). All statements, other than
statements of historical fact, included herein including, without
limitation; statements related to the construction of the Kitsault
mine and the successful conclusion of debt finance, are
forward-looking statements. These forward-looking statements are
based on the opinions of management at the date the statements are
made and are based on assumptions and subject to a variety of risks
and uncertainties and other factors that could cause actual events
to differ materially from those projected in forward-looking
statements. Important factors that could cause actual results to
differ materially from the Corporation's expectations include the
need for cooperation of government agencies and native groups in
the exploration and development of properties and the issuance of
required permits; and other risks and uncertainties disclosed in
the Corporation's MD&A and the Annual Information Form for the
year ended December 31, 2013, which are available at www.sedar.com.
The Corporation is under no obligation to update forward-looking
statements if circumstances or management's opinions should change,
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Avanti Mining Inc.Gordon J. BogdenPresident and Chief Executive
Officer(416) 847-0376Avanti Mining Inc.Graham du PreezChief
Financial Officer(416) 847-0376www.avantimining.com