Opal Energy Corp. Announces Reclamation Plan for Tashota Nipigon Mine

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/03/15 -- Opal Energy Corp. ("Opal" or the "Company") (TSX VENTURE: OPA) announces that it is finalizing plans for reclamation work at the former Tashota Nipigon Mine site in Northern Ontario. The Tashota Nipigon Mine was acquired by Opal's predecessor company (Tashota Nipigon Mines Ltd.) in 1939. The mine produced in the 1930's and was further explored in the 1960's. The Ontario Ministry of Northern Development and Mines conducted a baseline inspection of the Tashota Nipigon Mine site in October, 2014. Opal was advised by the Ontario Ministry of Northern Development and Mines that the Tashota Nipigon Mine site required further reclamation to meet current rehabilitation standards under the Ontario Mining Act and Mine Rehabilitation Code. Opal has obtained a reclamation estimate of $200,000 from consulting engineers, JDS Energy & Mining Inc. Reclamation will commence shortly. The Company will continue working with its consultants and the Ontario Ministry of Northern Development and Mines to finalize the reclamation plan and have the on-site work completed.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. 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 press release.



Contacts:
Opal Energy Corp.
Brandon Boddy
Director
(604) 688-7532

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Bereitgestellt von Benutzer: Marketwired
Datum: 03.11.2015 - 23:00 Uhr
Sprache: Deutsch
News-ID 431715
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Oil & Gas

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