Legal Proceeding Pending While Drilling Continues
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/21/11 -- Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE: SLD) reports that the Wahgoshig First Nation has brought a motion seeking to delay drilling at Solid Gold's Lake Abitibi property until the Crown's duty to consult has been fully satisfied. The hearing date for the motion is scheduled for December 1, 2011. In the meantime, drilling continues at the property.
Solid Gold is vigorously defending its legal rights to conduct exploratory activities on the property without interruption. Solid Gold also continues to encourage consultative discussions and information sharing among the First Nation, the Ministry of Northern Development, Mines and Forestry and the company.
Solid Gold will continue to update shareholders through this process.
Business of Solid Gold Resources Corp.
Solid Gold is a junior mining exploration and development company, which controls a +/-200- square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Solid Gold believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Solid Gold disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither 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:
Solid Gold Resources Corp.
(905) 882-4780
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Datum: 21.11.2011 - 14:46 Uhr
Sprache: Deutsch
News-ID 89741
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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"Legal Proceeding Pending While Drilling Continues"
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