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Comprehensive Memorandum of Understanding Signed between Sego Resources Inc. and Upper Similkameen Indian Band for Sego Resources Inc.'s Miner Mountain Project at Princeton BC
Comprehensive Memorandum of Understanding Signed between Sego Resources Inc. and Upper Similkameen Indian Band for Sego Resources Inc.'s Miner Mountain Project at Princeton BC.
About this update from Sego Resources Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 28 /CNW/ - Chief Rick Holmes, of the Upper Similkameen\nIndian Band (USIB) and J. Paul Stevenson, CEO, Sego Resources Inc. (SRI), are\npleased to announce that they have signed a comprehensive Memorandum of\nUnderstanding (MOU) to enable the exploration and potential future mine\ndevelopment of the Miner Mountain property immediately northeast of Princeton,\nBC.\n\n\nThis MOU supports the USIB's principles of environmental stewardship,\neconomic sustainability and self-determination. It also commits both parties\nto working collaboratively throughout the process of mineral exploration and\ndevelopment for lands under provincial tenure to SRI. Importantly, the\nagreement recognizes and respects the aboriginal title and rights of the USIB\nto the lands comprising the Miner Mountain property.\n\n\nThis comprehensive agreement demonstrates that large new exploration\nprojects such as Miner Mountain can be developed with the active support of\nthe local First Nation communities if there is a long-term commitment to\nestablish a cooperative and mutually beneficial working relationship.\n\n\n"SRI's commitment to open, transparent and mutually beneficial\nrelationships with local communities is at the heart of SRI's strategy for\nsuccessful resource development and we are very proud to be working with the\nUSIB in the Miner Mountain project," says J. Paul Stevenson, CEO, Sego\nResources Inc.\n\n\n"By signing this agreement, the USIB and our partners are making a\ncommitment to work together in the environmentally and socially responsible\ndevelopment of BC's Mining Industry, specifically when this occurs in our\nterritory," states Chief Holmes.\n\n\nThe MOU commits SRI and the USIB to enhance and deepen their already\nstrong relationship. It will provide certainty for local communities,\ninvestors and SRI alike that Miner Mountain will be explored with the support\nand involvement of USIB. The parties hope that the approach taken here will\nset a standard for others in the mineral exploration sector.\n\n\nAgreement Highlights\n- Recognition of the USIB's traditional rights, title and interests to\n the project area, as well as, SRI's rights to explore and develop\n mineral resources in the Miner Mountain project;\n\n- Establishment of measures and procedures that will fully engage the\n USIB ...