VANCOUVER, Nov. 11,
2014 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or
the "Company") (TSX: YMI) today announces that it has submitted
its application for an environmental assessment certificate ("EA
Application") for the Harper Creek Project to the BC Environmental
Assessment Office ("BC EAO") in accordance with the provisions of
the British Columbia Environmental Assessment Act. The EA
Application was also submitted to the Canadian Environmental
Assessment Agency ("CEA Agency"), as the EA Application constitutes
an Environmental Impact Assessment ("EIS") under the Canadian
Environmental Assessment Act.
CEO Remarks
"The submission by Yellowhead of the EA
Application/EIS for the Harper Creek Project to the BC EAO / CEA
Agency marks the end of a 10 month process to completely update,
restructure and rewrite the EA Application/EIS, and represents
another milestone in the development of Harper Creek" noted Mr. Frank D. Wheatley, CEO of Yellowhead.
"The EA Application/EIS reflects our efforts over
the past year to incorporate a series of design improvements, with
a particular focus on waste and water management, to further reduce
and mitigate the potential environmental impacts resulting from the
development of Harper Creek"
continued Mr. Wheatley.
EA Application for the Harper Creek
Project
With the submission of the EA Application to the
BC EAO, the 30-day screening period to ensure that the EA
Application is complete, has now commenced. Once the EA
Application has been screened and accepted by the BC EAO, the BC
EAO has a 180-day period to complete its review, with the
involvement of a Working Group, including representatives of First
Nations and local governments and other government agencies. The BC
EAO then prepares an assessment report for a decision by the
Minister of Environment and the Minister of Energy and Mines on
granting an environmental assessment certificate for the Harper
Creek Project. In coordination with the British Columbia provincial permitting
process, the CEA Agency will review the EIS.
In April 2013, the
Company submitted its original application for an environmental
assessment certificate for the Project to the BC EAO. In
May 2013, the BC EAO identified a
number of deficiencies with, and provided a number of comments on,
the original application, and requested that the Company address
such deficiencies and comments. The EA Application submitted
to the BC EAO today addresses all of those comments and
deficiencies.
About the Harper Creek Project
Harper Creek is a
proposed 70,000 tonnes-per-day open pit copper mine with a 28 year
mine life, located in the Thompson
– Nicola region of British
Columbia near Vavenby.
Harper Creek has a four year development period, with the
initial two years focused on environmental and construction
permitting, and the second two years dedicated to
construction. When developed, Harper
Creek will provide up to 660 jobs during construction and up
to 450 permanent jobs during operations.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage
company with a 100% interest in the Harper Creek Project located in
the North Thompson - Nicola region
of British Columbia, Canada.
The proposed Harper Creek mine will
be a large scale, long life, low cost open pit copper mine, has a
NI 43-101 compliant feasibility study, and is currently in the
environmental permitting phase of development.
For more information on Yellowhead and the Harper
Creek Project, please visit Yellowhead's website at
www.yellowheadmining.com.
Cautionary Note Regarding Forward Looking
Statements
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities laws. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated in the
forward-looking statements, including, among others, the accuracy
of mineral grades and related assumptions, inherent operating
risks, planned expenditures, proposed exploration and development
at the Harper Creek Project, operating and economic aspects of the
Harper Creek Project, as well as those risk factors identified in
the Company's Annual Information Form filed under the Company's
SEDAR profile. Yellowhead undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. More detailed information about potential factors that
could affect projected results is included in the documents filed
from time to time with the Canadian securities regulatory
authorities by Yellowhead.
SOURCE Yellowhead Mining Inc.