Stock Symbol: SGF: TSX
SASKATOON, June 21 /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 Gold Inc. ("Shore") in furtherance of the Star - Orion South Diamond Project have been successfully concluded, with local communities showing excellent 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. A description of community engagement activities and feedback from the public will form part of the Environmental Impact Statement which will be submitted to the Saskatchewan Minister of the Environment and federal authorities later this year.
The Open House meetings held June 14-17 in Meath Park, Choiceland, Nipawin, Tisdale, Melfort and Prince Albert, included detailed poster presentations and several handouts reviewing major aspects of the Project and its environmental impact. In addition, a video simulation of open pit mining and mineral processing, a scale model of the proposed mine and a simulated flyover of the proposed mine site were presented. The information available at the meetings will be accessible to the general public on the Shore website (www.shoregold.com) under the Community heading. Nine 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 attended by several Provincial authorities, including representatives from: Saskatchewan Ministry of Environment, Saskatchewan Ministry of Energy and Resources, Enterprise Saskatchewan and SaskPower.
A target of 500 participants for these meetings was exceeded, with a total of 638 documented participants attending at the six communities: Meath Park 56, Choiceland 86, Nipawin 70, Tisdale 65, Melfort 114 and Prince Albert 247 participants, respectively.
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 communities have 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, forward-looking information contained in this news release includes, but is not limited to, the anticipated timing for submission of the EIS.
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.
SOURCE Shore Gold Inc.
For further information: For further information: Joseph Dickson, Manager, Investor Relations at (306) 667-3505