Aurora Energy Resources Inc.: Nunatsiavut Government Considers Proposed Changes to Uranium Mining on Labrador Inuit Lands
March 11 2008 - 2:07PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: AXU) announces 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 that 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," added Dr. 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 AURORA
Aurora is a uranium development company focused on the Central
Mineral Belt in coastal Labrador - one of the world's most
promising uranium districts.
Aurora is committed to responsible development with lasting
local benefits and the highest standards of safety, health, and
environmental protection.
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements". Such forward-looking statements, including but not
limited to, those with respect to the timing and amount of
estimated future resources and resource conversion rates, future
project costs and production, potential for expansion of resources
and potential size of future exploration programs and potential
timing of receipt of permits and classification of future mineral
resources, and potential for future benefits, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievement of Aurora 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
the actual results of current exploration activities, conclusions
of economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be
refined, future prices of uranium, environmental risks and hazards,
increased infrastructure and/or operating costs, labor and
employment matters, and government regulation as well as those
factors discussed in the section entitled "Risk Factors" in
Aurora's Annual Information Form available on SEDAR at
www.sedar.com. Although Aurora 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. Aurora 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.
Contacts: Aurora Energy Resources Inc. Andrea Marshall Manager,
Government and Media Relations (709) 726-2223 Aurora Energy
Resources Inc. Don Falconer VP, Corporate Development (416)
362-5556 Website: www.aurora-energy.ca
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