SCOTTSDALE, AZ, May 30, 2014 /CNW Telbec/ - Chaparral Gold Corp.
("Chaparral") (TSX: CHL) announces that on May 29, 2014 an initial
meeting was held between Metallic Ventures (U.S.) Inc. ("Metallic"), a
wholly-owned indirect subsidiary of Chaparral, and the US Environmental
Protection Agency ("EPA") to discuss the Eureka smelter site and any
potential liability of Metallic.
The three main discussion points at the meeting were:
The EPA discussed the agency's reasons for determining why Metallic is a
potentially responsible party as the corporate successor to two
companies that operated smelters in Eureka, Nevada between 1870 and
1891. Based on its research, Metallic disagreed with the corporate
successor conclusions reached by the EPA.
Metallic discussed its corporate history and activities and explained to
the EPA that if any liability exists, it is contained solely within
Metallic, which has limited resources to pay.
Notwithstanding the above two points, in order to expedite a resolution,
both parties agreed to explore the possibility of a limited "ability to
pay" settlement as allowed under federal law and EPA policies.
About Chaparral Gold
Chaparral is a Nevada-focused precious metals company actively
permitting the 100%-owned Gemfield deposit at the Goldfield property,
in central Nevada. In addition, Chaparral holds a 100% interest in the
advanced-stage Converse property, also located in Nevada.
Some of the statements contained in this release are "forward-looking
statements" within the meaning of Canadian securities law requirements,
including statements relating to the Eureka smelter site issue and in
respect of its Goldfield property. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements to differ
materially from the anticipated results, performance or achievements
expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially from anticipated
results include risks and uncertainties such as: risks relating to a
potential resolution of the Eureka smelter site issue and permitting
activities at Goldfield. Except as required pursuant to applicable
securities laws, the Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE: Chaparral Gold Corp
For further information:
In North America:
Tel: 1 480 483 9932
Renmark Financial Communications
Tel: 1 514 939 3989
Tel: +41 44 853 00 47
Or email the Company at: email@example.com Web Site: www.chaparralgold.com