Niblack Joint Venture Receives Priority Permitting Approval from US Forest Service
22 August 2011 - 2:30PM
Marketwired
Niblack Mineral Development Inc. ("Niblack" or the "Company") (TSX
VENTURE: NIB) and joint venture partner Heatherdale Resources Ltd.
(Heatherdale) (TSX VENTURE: HTR) are pleased to report that on
August 16, 2011 the US Forest Service Alaska Regional Forester Beth
Pendleton announced that exploration drilling at the Niblack
Project has been approved to go forward. The permitting approval
allows the joint venture to drill test several high priority
exploration targets located on federal lands designated as
inventoried roadless area. This will complement and significantly
enhance the ongoing exploration program at the Niblack Project.
"Today, Forest Service Chief Tom Tidwell approved geotechnical
and exploration drilling in inventoried roadless areas for the
Greens Creek Mine and the Niblack Mine exploration projects," said
Pendleton. "This approval will allow Greens Creek to continue the
expansion of its tailings site and Niblack to continue its
exploration."
"These two projects will help employ Alaskans on important
projects while providing crucial environmental safeguards," said
Harris Sherman, Undersecretary for Natural Resources and the
Environment at the US Department of Agriculture. "Both the Niblack
and Greens Creek projects will have minimal footprints -- less than
an acre apiece -- with the potential for substantial boosts to
local economies."
The joint venture would like to acknowledge the combined efforts
of the Alaska Governor, Congressional delegation, the USDA and the
local USFS in obtaining these approvals. We particularly appreciate
the strong show of support from Governor Parnell and from Senator
Mark Begich. This priority permitting will allow the technical team
to test high priority targets that can be best accessed by
helicopter supported drilling before the end of the field
season.
There are currently two underground drills operating at the
Niblack Project. The surface drilling program initiated in late May
to focus on targets accessible from patented mining claims on the
property was put on hiatus. The current approval from the US Forest
Service means that the drill program will resume in Q3/Q4.
Peter Kleespies, P.Geol., a Qualified Person as defined under
National Instrument 43-101, is supervising the exploration and
quality assurance and quality control programs on behalf of Niblack
and has reviewed the content of this release.
About Niblack Mineral Development Inc.
Niblack Mineral Development Inc. (TSX VENTURE: NIB) is an
exploration and development company with a number of mineral rich
assets in South East Alaska. The Corporation's principal asset is
the Niblack advanced stage copper-gold-zinc-silver project. This
project is currently joint ventured to and operated by Heatherdale
Resources Ltd. (part of the Hunter Dickinson group of companies)
which has the right to earn up to a 70% interest in the
project.
Niblack Mineral Development Inc. is a member of the Discovery
Group of companies, for more information on the group visit
www.discoveryexp.com.
On behalf of the Board Niblack Mineral Development Inc.
John Williamson, President, CEO & Director
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the company expects are forward looking statements. Although the
company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability
to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information
on the Company, investors should review the Company's continuous
disclosure filings that are available at www.sedar.com.
"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: Niblack Mineral Development Inc. Brian Budd Director
of Corp. Development 604-697-2861 or Toll-Free 1-888-331-2269
brianb@niblack.com www.niblack.com or Mobile URL:
http://m.niblack.com
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