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Blue Note Mining Receives Approval to Begin Construction at Croinor Gold Project
Blue Note Mining Receives Approval to Begin Construction at Croinor Gold Project
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"\n\n\n\n Sep. 8, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nMONTREAL, Sept. 8 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note") and First Gold Exploration Inc. (TSXV: EFG) ("First Gold") are pleased to announce that they have received the Certificate of Authorization from the Department of Sustainable Development, Environment and Parks (MDDEP) for the Croinor gold project located near Val-d'Or, Quebec.\nThis will allow for the commencement of mine dewatering, surface infrastructure construction activities and implementation of underground mining operations as outlined in the July 15, 2010 Prefeasibility Study (see news release of July 15, 2010). The study provides for an underground mining operation using custom milling at a fully permitted milling facility near Val-d'Or. Details are as follows:\n\nHIGHLIGHTS OF PREFEASIBILITY STUDY*\n\n\n >\n\n\n"This is a milestone for the Company as it brings us one step closer to placing our Croinor Gold Project into production", said Leon Methot, Blue Note's Chairman and Chief Executive Officer. "The robust economics of the prefeasibility study complemented with the recently announced agreement with First Gold to consolidate 100% of Croinor, places us in an excellent position to maximize the potential of the project for our shareholders."\n\nOther\n\nSubject to approval of the TSX Venture Exchange, at Blue Note's annual and special shareholders meeting held on June 30, 2010, Blue Note's shareholders approved an amendment to the stock option plan regarding the number of reserved shares which can be issued. The number of reserved shares was previously fixed at 5,074,066. Under the new stock option plan, 10% of Blue Note's issued shares at the time of the stock option grant will be reserved for issuance.\nJohn Martin, P. Eng., President and Chief Operating Officer of Blue Note Mining Inc., is a Qualified Person as defined under Regulation 43-...