TORONTO, ONTARIO, Jun 10 (MARKET WIRE) —
Apogee Minerals Limited (”Apogee” or “the Company”)
(TSX VENTURE: APE) today announces that it has awarded a contract to
complete the environmental baseline studies required to secure permits
for the proposed development of the Pulacayo deposit, located in
southwest Bolivia, to Medio Ambiente Mineria e Industria, (Medmin).
Medmin is a well respected independent Bolivian environmental engineering
consulting firm based in La Paz. The work to be undertaken follows a plan
as prescribed by the Bolivian Ministry of Water and Environment (the
“BMWE”) and resulting from Apogee’s November 2009 submission to
BMWE entitled, “Environmental Form: Mineral Extraction, Milling and
Construction of Tailings Facilities – Pulacayo”. This report, which
was also prepared by Medmin, on behalf of Apogee, was approved by the
BMWE in December 2009. (See Press Release dated January 8, 2010).
The program involves the acquisition of environmental baseline data
during both semester 1 (wet season) and 2 (dry season), for the most
important environmental ecosystem factors including; flora, fauna,
hydrology, soil and atmosphere. The data will be incorporated into the
Environmental Impact Assessment Study (the “EEIA”), to obtain
the Environmental Impact Declaration (the “DIA”), which is
required to secure the environmental permits to conduct mining and
milling activities at the Pulacayo site.
Medmin anticipates that all of the necessary component baseline studies
required to prepare the EEIA may be completed by the end of November 2010
and expects that a final report may be ready for submission to the BMWE
as early as February, 2011. Data collection for semester 1 (wet season)
has already been undertaken during February and March of this year, to
ensure that the data acquisition phases can be fully complete within the
2010 calendar year.
In addition to the aforementioned initiatives, Medmin have also been
engaged by the company to complete the required environmental monitoring
of the ongoing exploration activity for semesters 1 (wet season) and 2
(dry season) according to the Application and Environmental Control Plan
of Apogee Minerals as required by the environmental authority of the
Potosi region of Bolivia.
For detailed project information please refer to Apogee’s web site at
www.apogeeminerals.com.
About Apogee Minerals Limited
Apogee Minerals Ltd. is an exploration stage company a listed on the TSX
Venture Exchange under the symbol APE. Apogee targets advanced
silver-zinc-lead projects in South America that demonstrate potential to
be advanced to production. Currently its projects are located in the
historic silver producing regions of southwest Bolivia and northern Chile.
Its most advanced project is the Pulacayo-Paca project in Bolivia, which
is an option to joint venture with Golden Minerals Company. This project
includes the property that covered the second-largest silver mine in the
history of Bolivia with over 600 million ounces of past production.
Cautionary Note Regarding Forward-Looking Information This press release
contains “forward looking information” within the meaning of
applicable Canadian securities legislation. Forward looking information
includes, but is not limited to, statements with respect to the future
financial or operating performance of the Company, its subsidiaries and
its projects, statements regarding the proposed timing and results of the
environmental baseline studies, statements regarding the preparation of
the EEIA and the DIA, statements regarding the ability of the Company to
secure the necessary permits with respect to the Pulacayo property,
statements regarding exploration prospects, and requirements for
additional capital. Generally, forward looking information can be
identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”,
“is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state
that certain actions, events or results “may”,
“could”, “would”, “might” or “will be
taken”, “occur” or “be achieved”.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: financing not being available
at desired prices; general business, economic, competitive, political and
social uncertainties; the actual results of current exploration
activities; timing and availability of external financing on acceptable
terms; conclusions of economic evaluations; changes in project parameters
as plans continue to be refined; future prices of mineral prices; failure
of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; and, delays in
obtaining governmental approvals or required financing or in the
completion of activities. Although the Company has attempted to identify
important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to
be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward looking information. The Company does
not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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.
Contacts:
Apogee Minerals Limited
Ana Lopes
Investor Relations
(1) 416 861-5902
info@apogeeminerals.com
www.apogeeminerals.com
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