 | | | October 23, 2009
Mactung Project: Yukon Environmental And Socio-Economic Proposal Accepted
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| | VANCOUVER, BRITISH COLUMBIA -- North American Tungsten Corporation Ltd. (TSX: "NTC") is pleased to announce that it has received formal notification from the Yukon Environmental and Socio-economic assessment Board (YESAB) that its Proposal for the MacTung Project has been deemed adequate and that screening of the Proposal will commence pursuant to the Yukon Environmental and Socio-economic Assessment Act (YESAA).
YESAA replaces the former Yukon Environmental Assessment Act (YEAA) and MacTung is the second mine to be deemed adequate under this act. Being deemed adequate implies that sufficient technical and environmental information has been presented to YESAB to proceed to the next step. Adequacy is the first milestone in the YESAA process. Following the adequacy determination, the project proposal proceeds to Screening which will include public comment periods and result in a screening report and recommendation. The assessment process then terminates with a Decision Document. The subsequent steps in the process would be the acquisition of permits, including the Quartz Mining Licence and Type A Water Permit, followed by project construction.
NTC has been working closely with the communities and First Nations in the area of the mine and have had numerous meetings with the Chiefs and Council as well as the Mayors and Council of the various communities. NTC is working with Kaska First Nation on a number of initiatives, including the Yukon Mine Training Program and the Liard First Nation Development Corporation has completed an Underground Mine Training Program for members of the Kaska First Nation. NTC is also a participant in the development of a Resource Plan with the Ross River Dena Council.
ON BEHALF OF THE BOARD OF DIRECTORS
"Stephen M. Leahy"
Stephen M. Leahy
Chairman & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." Cautionary Note: The Company relies upon litigation protection for "forward-looking" statements.
INVESTOR CONTACT:
info@natungsten.com, Tel: +1.604.684.5300 Fax: +1.604.684.2992 |
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