Spanish Mountain Gold and Williams Lake Indian Band Announce Signing of Protocol Agreement for Spanish Mountain Project
17 März 2011 - 1:30PM
Marketwired
Spanish Mountain Gold Ltd. ("SMG") (TSX VENTURE: SPA) is pleased to
announce the signing of a Protocol Agreement (the "Agreement") with
Williams Lake Indian Band ("WLIB"). The Agreement addresses issues
in relation to the development of SMG's Spanish Mountain gold
project located near Likely, British Columbia. The announcement
follows a WLIB community meeting held on March 14, 2011, during
which members of the WLIB were given the opportunity to discuss the
project, ask questions and address representatives of SMG.
Under the Agreement, SMG recognizes and respects WLIB's asserted
aboriginal rights and title in the area of the Spanish Mountain
gold project and the WLIB recognizes and respects SMG's rights and
interests in the exploration and development of the Project. The
Agreement also reflects a commitment by both SMG and WLIB for
continued engagement in a respectful and collaborative manner.
The Agreement provides capacity support to WLIB for its ongoing
involvement in the Project as well as training, employment, and
business opportunities. Additionally, the Parties have committed to
negotiate a more detailed agreement regarding the impacts and
benefits associated with the construction, operation and
reclamation of a large scale mine development.
WLIB's Chief Ann Louie states:
"We are pleased to conclude this agreement, and by the show of
support in our community. I think it demonstrates that First
Nations and private industry can work together positively and
co-operatively and seek to find mutually beneficial common ground.
Our community is as interested as everyone else in seeing our
region survive and thrive economically. We just need to make sure
that we move forward in a fashion that is environmentally sensible
and respectful of our traditional uses of the land.
Brian Groves, President and CEO of SMG echoes Chief Louie's
remarks:
"We are very pleased to have signed this agreement with the
WLIB. Spanish Mountain Gold Ltd. places a high priority on building
and maintaining strong relations with those First Nations in whose
Traditional Territories we operate. This Agreement formalizes our
emerging relationship with the WLIB and provides a strong framework
for open communication, consultation and discussion at each stage
of the ongoing development of the Spanish Mountain Project."
The Company wishes to acknowledge the support of Catana
Consulting, a Vancouver-based consultancy specializing in First
Nation engagement activities, whose assistance was instrumental in
the successful completion of this Protocol Agreement.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible
development of its flagship Spanish Mountain gold project in
southern central British Columbia. Canada. The Company has no debt
and owns 100% of all four gold properties located in British
Columbia. Additional information about the Company and its project
are available on its website: www.spanishmountaingold.com.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
This News Release contains forward-looking statements. Forward
looking statements are statements which relate to future events. In
some cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects", "plans",
"anticipates", believes", "estimates", "predicts", "potential", or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, level of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or
implied by these forward-looking-statements. Management has assumed
that these will be our major projects going forward. Risks include
that we are unable to satisfy environmental or other regulators,
that we determine that our resources are not commercially viable,
or that we have difficulties due to unavailability of labour or
equipment.
While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our
current judgment regarding the direction of our business, actual
results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggests herein. Except as required by applicable law
the Company does not intend to update any forward-looking
statements to conform these statements to actual results.
Contacts: Spanish Mountain Gold Ltd. Bill Gillies (604) 601-3651
info@spanishmountaingold.com www.spanishmountaingold.com B&D
Capital Partners (604) 685-6465
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