Revett Receives Approval of Rock Creek Environmental Assessment



    SPOKANE VALLEY, WA, Jan. 7 /CNW Telbec/ - Revett Minerals Inc. (RVM-TSX)
("Revett" or "the Company") 67% held subsidiary, Revett Silver Company, and
its wholly owned subsidiary RC Resources Inc. is pleased to announce it has
received notice from the Montana Department of Environmental Quality (MDEQ)
that the draft Environmental Assessment (EA) covering final design
modifications of the Rock Creek Project, located in Sanders County Montana,
has been approved as final with several stipulations. This completes all
permitting sought by Revett for the Project. Subject to posting of the
reclamation bond, implementation of the stipulations and completion of ongoing
litigation, this approval allows the Company to proceed with the first phase
of the Rock Creek Project. This first phase consists of only 10.6 acres of
surface disturbance needed at the adit site for underground delineation of the
deposit to confirm continuity of mineralization and other final design
parameters. All facilities will be located outside of the Cabinet Mountain
Wilderness area and Revett has already installed some basic infrastructure
located on private lands.
    Revett is currently progressing through ongoing litigation regarding
legal challenges to the Record(s) of Decision and Biological Opinion for Rock
Creek and a decision from the U.S. District Court is pending. The Rock Creek
Project will be an underground copper-silver mine similar to the Troy Mine and
will employ about 250 to 300 workers.
    The Troy Mine, located 15 miles southwest of Troy in Lincoln County, is
also an underground copper-silver mine and employs 180 workers operated by
Genesis, Inc., also a subsidiary of Revett Silver.

    Except for the statements of historical fact contained herein, the
information presented in this press release may contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements, including but not limited to those
with respect to the price of silver and copper, the estimation of mineral
reserves , the realization of mineral reserve estimates, the timing and amount
of estimated future production, costs of production, involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks relating
to environmental laws and regulations, the actual results of current
exploration activities, actual results of current reclamation activities,
conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of silver and copper, as well as those
factors discussed in the section entitled "Risk Factors" in the Annual
Information Forms on file with the Ontario Securities Commission and the Form
10 filed with the Securities and Exchange Commission. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
    %SEDAR: 00021518E




For further information:

For further information: John Shanahan, President & CEO or Carson Rife,
VP Operations, (509) 921-2294; www.revettminerals.com

Organization Profile

REVETT MINERALS INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890