Business
Silver Hart Mine Permitting and Exploration and Update
Silver Hart Mine Permitting and Exploration and Update
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"\nSilver Hart Mine Permitting and Exploration and Update\n\n\n Jul. 6, 2010 (TheNewswire.ca) -- Vancouver, B.C.: CMC Metals Ltd. (OOTC:CMCXF) (TSXV:CMB) (the \"Company\") is pleased to provide an update on the Silver Hart Mine site permitting process. Currently, the Yukon Environmental and Socio-economic Assessment Board (YESAB) is continuing the review of the technical information and requesting clarification on data provided on baseline studies. The process is taking longer than initially informed by YESAB, partly due to the substantial amount of data that requires screening by several various technical consultants. The company is pleased to announce that YESAB has acknowledged that the First Nation's consultation requirements have been satisfied as per the guidelines governing adequacy of consultation. The time involved to conduct the review follows a set process and is in YESAB's control as to when they're satisfied that there is sufficient data for the assessment to be completed. The Company will continue to give updates of the process as it moves forward.With respect to the exploration programs scheduled this summer, for the Silver Hart property a 1000 meter infill drilling program with surface outcrop sampling, an updated NI43-101 resource estimate and a bulk sample will be completed over the next two months. For the Wheelbarrow property, the Company is awaiting confirmation of the exploration permit to conduct a 1200 meter drill program, trench sampling and surface geological mapping. A preliminary surface geological mapping and sampling will be conducted for the Logjam to support the submission of a Class III exploration permit for 2011.The Company further wishes to announce that it has listed its shares on the Frankfurt stock exchange under the symbol ZM5.F.In addition, the Company wishes to clarify the terms of the amendment to the exercise price of Warrants expiring August 25, 2010, as announced by press release dated June 28, 2010, in that the Company is seeking approval of the TSX Venture Exchange to reduce the exercise price of 1,247,300 of a total 2,043,000 Warrants from $0.30 per share to $0.20 per share. As well, the Company wishes to extend the term of the expiration period from August 25, 2010, to December 31, 2010. Pursuant to TSX policy, the expiration date of the 1,247,300 Warrants may be amended from the ...