VANCOUVER, BC, Canada, Jan. 12, 2005 (BUSINESS WIRE) -- Redcorp Ventures Ltd. announced that its subsidiary Redfern Resources Ltd. has met government conditions to proceed on the proposed Tulsequah Chief Mine redevelopment project, finalizing environmental permitting for the property owned by Redfern in northwest British Columbia.
Redfern previously received a Project Approval Certificate from the province of British Columbia on Dec. 12, 2002, marking satisfactory conclusion to the extensive BC Environmental Assessment Act review and decision process. Included in that Certificate were requirements to satisfy two pre-development conditions for further studies related to proposed mine tailings dam site stability and chronic toxicity testing of proposed effluent from the mine wastewater treatment plant. Redfern has received letters from the Ministry of Energy and Mines and the Ministry of Water Land and Air Protection, respectively, confirming that it has satisfied the requirements of these conditions.
Redfern had previously received a Canadian Environmental Assessment Act (CEAA) screening level approval from the federal government in 1998. Subsequent amendments to the project design necessitated a supplementary CEAA screening amendment decision. This process commenced in May 2004 and is currently in its final stage. Fisheries and Oceans Canada and Transport Canada have issued their CEAA screening supplementary report for final public comment during the period January 5 to February 18, 2005. The report concludes with their determination that "with the implementation of the proposed mitigation measures the project is not likely to cause significant adverse environmental effects." The federal authorities have announced that they will conclude the CEAA screening decision once all public comments have been received and considered.
In other areas, Redfern is currently working with AMEC E&C Services Ltd. to provide them with all necessary information to complete an independent resource estimate for the project compliant with the requirements of National Policy 43-101. The resource estimation is in progress and results will be disclosed once the resource estimation is completed. Redfern proposes to then finalize mine planning and reserve calculations in conjunction with an update of the previous Feasibility Study, under the direction of Hatch Engineering.
About Redcorp
Redcorp Ventures Ltd. (www.redcorp-ventures.com) is a Vancouver-based mineral exploration and development Company with active projects in British Columbia, Canada and Portugal. Redfern Resources Ltd. (www.redfern.bc.ca), the company's wholly-owned subsidiary, is located in northwestern British Columbia, 100 kilometers south of the town of Atlin.
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