🕐03.05.12 - 18:54 Uhr
AVANTI MINING IINC. FINAL ENVIRONMENTAL ASSESSMENT APPLICATION ACCEPTED BY CANAD
IAN ENVIRONMENTAL ASSESSMENT AGENCY FOR FORMAL REVIEW
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Re: News Release - Thursday, May 03, 2012
Avanti Mining Iinc.
Final Environmental Assessment Application
Accepted by Canadian Environmental Assessment Agency for Formal
Review
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Vancouver, British Columbia: Avanti Mining Inc.
(TSX-V: AVT) (OTC:
AVNMF.PK) ("Avanti" or the "Company") is pleased to announce that the
Final Environmental Assessment (EA) Application / Environmental Impact
Statement (EIS) for the Kitsault Mine Project ("Project") in northern
British Columbia (BC) has been accepted by the Canadian Environmental
Assessment Agency (CEA Agency) for formal review.
In a letter dated May 2, 2012 from the CEA Agency the formal review
began on April 26, 2012 with a focused screening that indicated the
application contained sufficient information to begin the review
effective immediately.
To date, the BC EAO and the CEA Agency have
worked jointly to advance the Project through their respective
environmental review processes.
In accordance with this joint review, a
30-day public comment period will begin on May 11, 2012.
The Final EA
Application / EIS is posted on the BC EAOs Project Information Center
website at www.eao.gov.bc.ca.
"The acceptance of Kitsault EA by the CEA Agency for formal review
brings the federal and provincial environmental authorities together on
the Projects review process," Mr.
Craig J.
Nelsen, President and CEO,
stated.
"Avanti looks forward to the final review and receiving its
Environmental Certificates for this mine development.
Both CEA Agency
and BC EAO have committed to a harmonized review process that is
commencing with the joint 30-day public comment period on the
application."
In anticipation of the successful outcome of the EA process, Avanti is
working with the BC Ministry of Forests, Lands and Natural Resource
Operations (MFLNO) to advance permit applications necessary for
construction and operation of the Project.
The MFLNO works as a
central government body responsible for coordinating BC and Canada
permitting agencies under the provinces "1 Project -- 1 Process"
policy.
This "synchronous" EA and permitting process is a relatively
new government initiative aimed at streamlining the regulatory process.
Avanti Mining Inc.
is focused on the development of the past producing
Kitsault Mine Project located north of Prince Rupert in British
Columbia.
In late 2010, Avanti completed the Kitsault Feasibility Study
on the Kitsault Mine Project, dated December 15, 2010, prepared by AMEC
Americas Limited that showed Proven and Probable Reserves of 232.5
million tonnes averaging 0.081% molybdenum.
Ken Collison, P.
Eng.,
Senior Vice President Project Development and a Qualified Persons as
defined by NI 43-101, is responsible for the technical information in
this press release.
For further information, please visit www.avantimining.com, or contact:
Craig J.
Nelsen, Chief Executive Officer, 303-565-5491, extension 4471,
or
A.J.
Ali, Chief Financial Officer, 303-565-5491, extension 4472
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti Mining
Inc.
(the "Corporation").
All statements, other than statements of
historical fact in particular, statements herein about the submission
by the Corporation of its Environmental Assessment application for the
Kitsault Project being granted faster than the mandated timelines, are
forward-looking statements.
These forward-looking statements are based
on the opinions of management at the date the statements are made and
are based on assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events to
differ materially from those projected in forward-looking statements.
Important factors that could cause actual results to differ materially
from the Corporations expectations include the need for cooperation of
government agencies and native groups in the preparation of the EA
application, the fact that the Corporations employees and consultants
may divide their time between other projects and other risks and
uncertainties disclosed in the Corporations Annual Information Form
for the year ended December 31, 2010, which is available at
www.sedar.com.
The Corporation is under no obligation to update
forward-looking statements if circumstances or managements opinions
should change, excepting as required by applicable securities laws.
The
reader is cautioned not to place undue reliance on forward-looking
statements.
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Copyright (c) 2012 AVANTI MINING CORP.
(AVMI) All rights reserved.
For more information visit our website at http://www.avantimining.com/
or send mailto:
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