Northland Submits Exploitation Concession Application for Stora Sahavaara, Sweden

VANCOUVER, BRITISH COLUMBIA (FRANKFURT: NBS)(OSLO: NAUR), is pleased to announce that Northland will today submit the draft Exploitation Concession applications for the concessions covering the Company's Stora Sahavaara and Tapuli iron projects in Norrbotten County, northern Sweden.

The applications are an important step towards obtaining permission to build and operate the two iron mining operations that Northland is planning. The applications are being submitted to the Swedish Mines Inspectorate, under the terms laid out in Swedish Minerals Act (1991:45) Minerals Ordinance (1992:282) and constitute the next step in mine permitting after granting of an Exploration Concession.

Buck Morrow, the President of Northland, said: "The Senior and Technical management of Northland are looking forward to working with all stakeholders in the region, including local residents, the Sami people, businesses, technical consultants and the regional and federal government agencies to answer any questions that arise from the applications for our Stora Sahavaara and Tapuli projects. We see this submittal as a vital first step towards a substantial investment in the future of the northern communities in and around Pajala and Kolari."

The purpose of the applications is to identify smaller parcels of land within the Exploration Concessions in which mineral extraction is proposed. Northland's applications envisage open pit mining operations at both Tapuli and Stora Sahavaara. Granting of the Exploitation Concession does not permit any mining activities to take place, but simply designates an area for mining contingent on granting of an Environmental permit. Northland's applications include a scoping level impact assessment looking at water management and local environmental impacts; and a study of socio-economic impacts, specifically contributions to the local economy, and impacts on local stakeholders such as land owners, Sami peoples, hunting groups and reindeer herders, and impacts on any cultural or heritage sites.

Shareholders should note that the application process typically involves a number of rounds of consultation questions about the application from the permitting authorities and the public, including the Mines Inspectorate, the Norrbotten County Administrative Board environmental regulators, and specific stakeholders. The process, which can last a number of months, will consider the technical and environmental veracity of the planned mining operation. The Concessions are not usually approved when they are first submitted to the permitting agencies; they typically result in a collaborative process between the Company and the Mines Inspectorate and County Administrative Board environmental regulators before the terms of the Concession are finalized. Management fully expects to have to revise the document extensively prior to acceptance.

The Company has also embarked on a formal consultation process and has held numerous public meetings and special discussions with the local population and affected stakeholders, with many more planned.

Northland is planning to submit a full impact assessment as part of its application for an environmental permit in mid-2008.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Simon Ridgway

NORTHLAND RESOURCES INC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Northland Resources Inc. Buck Morrow President Toll Free: 1-866-719-8962 Northland Resources Inc. Ralph Rushton Investor Relations - North America Toll Free: 1-866-719-8962 Northland Resources Inc. Jonas Lundstrom European Contact +46 (70) 549 3338 Website: www.northlandresourcesinc.com

Nevgold (TSXV:NAU)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024