Fronteer Development Group Inc.: Nunatsiavut Government Considers Proposed Changes to Uranium Mining on Labrador Inuit Lands
March 11 2008 - 3:07PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: FRG)(AMEX: FRG) reports that
Aurora Energy Resources Inc. ("Aurora") (TSX: AXU), in which
Fronteer holds a 42.3% interest, has announced that the Nunatsiavut
Government is considering a proposed three-year moratorium on
uranium mining and milling on Labrador Inuit Lands in coastal
Labrador.
The Motion, which passed First Reading, is being brought to
community members for review and discussion. The Motion must pass a
majority General Assembly vote, following Second Reading, before it
can be passed into law.
"Aurora recognizes that uranium mining can only proceed on
Labrador Inuit Lands with the agreement and trust of the Labrador
Inuit," says Aurora President and CEO Dr. Mark O'Dea. "Aurora is
committed to making sure that the Nunatsiavut Government and the
coastal communities are comfortable with any proposed mining
project."
The environmental assessment process is the most appropriate
mechanism to properly assess uranium mining on Labrador Inuit Lands
and to provide the comfort to move ahead with the project. Aurora
is optimistic that the process will move ahead with the involvement
of the Nunatsiavut Government, and is confident the Nunatsiavut
Government, therefore, will have the information necessary to make
a decision on uranium mining.
"Our efforts will focus on communicating this clearly to the
Assembly members and the communities near our project area," says
O'Dea.
Aurora is currently completing a 20,000-metre, winter drill
program on both the Michelin and Jacques Lake deposits and is
continuing with ongoing engineering studies.
ABOUT FRONTEER
Fronteer is an exploration and development company with a track
record of making big discoveries. Fronteer has a 40% interest in
three excellent gold and copper-gold projects in western Turkey, an
extensive portfolio of advanced stage gold projects in Nevada, and
a 42.3% interest in Aurora Energy Resources (TSX: AXU), a leading
Canadian uranium company.
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to, those with respect to
ability of Aurora to conduct mining activities, and involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievement of Fronteer to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to
government regulation as well as those factors discussed in the
section entitled "Risk Factors" in Fronteer's Annual Information
Form available on SEDAR at www.sedar.com. Although Fronteer has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Fronteer disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Accordingly, readers should not place undue reliance on
forward-looking statements.
NEWS RELEASE 08-08
Contacts: Fronteer Development Group Inc. Mark O'Dea, Ph.D,
P.Geo President and CEO (604) 632-4677 or Toll Free: 1-877-632-4677
Fronteer Development Group Inc. Glen Edwards Media Relations (604)
632-4677 or Toll Free: 1-877-632-4677 Email: info@fronteergroup.com
Website: www.fronteergroup.com
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