/NOT FOR DISTRIBUTION IN THE UNITED STATES./
BLAINE, WA, Sept. 9 /CNW/ - Module Resources Incorporated (TSX - V: MLE)
is pleased to announce that work is underway in rehabilitating the 800 and 900
levels of the former Carolin Mine. The 900 portal entrance has had to be
rehabilitated and both the 800 and 900 levels are in the process of being
inspected in anticipation of underground exploration work consisting of
mapping, sampling and diamond drilling. The surface exploration and
underground exploration work permits issued by the BC Ministry of Energy,
Mines and Petroleum Resources have been received by Module.
In conjunction with the above work, the access road from the Coquihalla
highway has been graded and the access roads to the 900 portal and tailings
impoundment within the mine site area have also been rehabilitated.
The Carolin Mine development is part of Module Resources' Ladner Gold
Project which includes the Carolin Mine, a former underground gold producer
from 1982 - 84, Emancipation Mine (intermittent gold producer from 1916 - 41),
Pipestem Mine (intermittent gold producer from 1935 - 37), and numerous gold
prospects situated along the under-explored Coquihalla Gold Belt. Based on
historical exploration and development work in 1995 - 1996 and historical
production records of the Carolin Mine, the Company believes that there is
potential to reopen the mine at some time in the future if the exploration and
development programs are successful and a positive feasibility study is
obtained given a favorable gold market."
The technical information contained in this release has been prepared by
Bruce Downing, a qualified person who is the president and CEO of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS OF MODULE RE
"Bruce W. Downing"
Bruce W. Downing, M.Sc., PGeo.
President & Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this press release. We
seek Safe Harbor.
Caution concerning forward-looking information
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws.
This information and statements address future activities, events, plans,
developments and projections. All statements, other than statements of
historical fact, constitute forward-looking statements or forward-looking
information. Such forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Module in
light of its experience, current conditions, expectations of future
developments and other factors which it believes to be reasonable and
relevant. Forward-looking information and statements involve known and unknown
risks and uncertainties that may cause Module's actual results, performance
and achievements to differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue reliance
should not be placed thereon. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of
mineral exploration and development, including the uncertainty of reserve and
resource estimates; operational and technical difficulties; the availability
of suitable financing alternatives; fluctuations in gold and other commodity
prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political,
economic and other risks; fluctuations in foreign exchange rates; as well as
other risks and uncertainties which are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings made by us
with Canadian securities regulatory authorities and available at
www.sedar.com. Module disclaims any obligation to update or revise any
forward-looking information or statements except as may be required by law.
For further information:
For further information: Bruce Downing, President & CEO, Module
Resources, Office (778) 294-3211, firstname.lastname@example.org