Stock Symbol: SGF: TSX
SASKATOON, Feb. 11 /CNW/ - George H. Read, P. Geo., Senior Vice President
Exploration and Development, is pleased to announce that the Community Open
House meetings conducted by Shore in furtherance of the Star - Orion South
Project Proposal (SGF News Release November 3, 2008) have been successfully
launched, with local communities showing overwhelming support for the Project.
The Open House meetings are part of the Environmental Impact Assessment
process arising as a result of the filing of the Project Proposal in November
2008. Community engagement activities will form part of the Environmental
Impact Statement which will be submitted to the Saskatchewan Minister of the
Environment at the conclusion of the Assessment.
The Open House meetings, held from February 2-5, 2009 in Smeaton,
Nipawin, Melfort and Prince Albert included detailed poster presentations and
a 27 page handout reviewing all aspects of the Project and its environmental
impact. In addition, a video simulation of open pit mining and mineral
processing was presented. The information available at the meetings is
accessible to the general public on the Shore website (www.shoregold.com)
under the Community heading. Ten Shore staff representing geology,
engineering, environmental science, procurement, human resources and community
relations were available at all meetings to answer questions and note
concerns. The meetings were monitored by both Provincial and Federal
authorities, including representatives from: Saskatchewan Ministry of
Environment, Saskatchewan Ministry of Energy and Resources, Enterprise
Saskatchewan and Environment Canada.
The target of 500 participants for these meetings was more than doubled,
with a total of 1,069 documented participants attending from all four
communities: Smeaton 120, Nipawin 142, Melfort 215 and Prince Albert 592
Senior Vice President Exploration and Development, George Read, states:
"These Open House meetings are an important component of the assessment of our
Project Proposal and we are most encouraged by the virtually unanimous support
that the local community has shown for the Star-Orion South Diamond Project."
Shore is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Exchange under the trading symbol "SGF".
Caution Regarding Forward-Looking Statements
From time to time, Shore makes written or oral forward-looking statements
within the meaning of certain securities laws, including the "safe harbour"
provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Shore may make such statements in
this press release, in other filings with Canadian regulators or the United
States Securities and Exchange Commission, in reports to shareholders or in
other communications. These forward-looking statements include, among others,
statements with respect to Shore's objectives for the ensuing year, our medium
and long-term goals, and strategies to achieve those objectives and goals, as
well as statements with respect to our beliefs, plans, objectives,
expectations, anticipations, estimates and intentions. The words "may,"
"could," "should," "would," "suspect," "outlook," "believe," "plan,"
"anticipate," "estimate," "expect," "intend," and words and expressions of
similar import are intended to identify forward-looking statements. In
particular, statements regarding Shore's future operations, future exploration
and development activities or other development plans contain forward-looking
All forward-looking statements and information are based on Shore's
current beliefs as well as assumptions made by and information currently
available to Shore concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world diamond markets, changes in diamond valuations, risks relating to
fluctuations in the Canadian dollar and other currencies relative to the US
dollar, changes in exploration, development or mining plans due to exploration
results and changing budget priorities of Shore or its joint venture partners,
the effects of competition in the markets in which Shore operates, the impact
of changes in the laws and regulations regulating mining exploration and
development, judicial or regulatory judgments and legal proceedings,
operational and infrastructure risks and the additional risks described in
Shore's most recently filed Annual Information Form, annual and interim MD&A
and short form prospectus, and Shore's anticipation of and success in managing
the foregoing risks.
Shore cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Shore, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Unless otherwise required by applicable securities legislation, Shore does not
undertake to update any forward-looking statement, whether written or oral,
that may be made from time to time by Shore or on our behalf.
For further information:
For further information: Joseph Dickson, Manager, Investor Relations at