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Canadian Royalties Obtains Mine Leases for 3 Sites at its Nunavik Nickel Project
MONTREAL, July 29 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) today announced that it has o...
About this update from Cleghorn Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMONTREAL, July 29 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) today\nannounced that it has obtained Mine Leases from the ministere des Ressources\nnaturelles et de la Faune du Quebec for its Mesamax, Ivakkak and Mequillon\ndeposits.\n\n\nWith this latest delivery of Mine Leases for each of the Mesamax, Ivakkak\nand Mequillon sites, together with the Mine Lease for the Expo site delivered\nin June 2008, Canadian Royalties has now obtained the mining rights required\nfor all four of its sites identified under the 2007 SNC-Lavalin Bankable\nFeasibility Study.\n\n\nThe mine leases were issued following the delivery of the Certificat\nd'autorisation by the Ministere du Developpement durable, de l'Environnement\net des Parcs du Quebec on May 20, 2008, and cover the requirements to develop,\nbuild and operate the Nunavik Nickel Project.\n\n\nAbout Canadian Royalties\n\n\nCanadian Royalties has initiated the development of an independent,\nstand-alone nickel-copper mine on its Nunavik Nickel Project, located\n20 kilometres south of Xstrata Nickel's Raglan Mine in Nunavik, Province of\nQuebec, Canada. Canadian Royalties has now received its Environmental\nCertificate of Authorization and Mine Leases for four sites, and has started\nconstruction.\n\n\nForward-looking Statement\n\n\nThis news release contains certain forward-looking statements or\nforward-looking information. These forward-looking statements are subject to a\nvariety of risks and uncertainties beyond the Corporation's ability to control\nor predict which could cause actual events or results to differ materially\nfrom those anticipated in such forward-looking statements. Such risks and\nuncertainties are disclosed under the heading "Risk Factors" in the\nCorporation's Annual Information Form for the year ended December 31, 2007 and\ndated March 31, 2008. Further, forward-looking information is in addition\nbased on various assumptions, including, without limitation, the expectation\nand beliefs of management, the assumed long term price of nickel, that the\nNunavik Nickel Project is a technical viable and economic operation, that it\ncan be successfully completed by the Corporation, that the Corporation will\nreceive the required permits and access to surface rights, and that the\nCorporation can access financing, appropriate equipment, and sufficien...