QUEBEC, Sept. 20 /CNW Telbec/ - Virginia Mines Inc. ("Virginia"),
Canadian Royalties Inc. ("Canadian Royalties") and Azimut Exploration Inc.
("Azimut") are pleased to announce their participation in the Fonds
Explor-Action Nunavik (FRAN), which was created to rehabilitate mineral
exploration sites in Northern Quebec that have been abandoned for several
The FRAN is a partnership between the Quebec Government, the mining
industry and the Inuit community. The fund will allow, starting this year, the
cleanup and rehabilitation of abandoned sites. According to previous studies,
nearly 600 sites have been identified, of which 18 are considered a priority.
Work has already started on several of the 18 priority sites.
Virginia, Canadian Royalties and Azimut are proud to have participated in
the creation of FRAN and to make a financial contribution toward
rehabilitating abandoned sites.
Following the creation of FRAN in March 2007, more than 30 companies from
the mining sector confirmed their financial participation for a total of more
than $1.5 million. Virginia, Canadian Royalties and Azimut have respectively
contributed $100,000, $100,000 and $50,000. In addition, Canadian Royalties
will continue clean up work of sites abandoned by previous explorers at their
Nunavik nickel project.
Virginia, Canadian Royalties and Azimut consider mining exploration and
exploitation to be economic activities that should be conducted in a socially
and environmentally responsible manner.
For further information:
For further information: André Gaumond, President, Virginia Mines Inc,
(418) 694-9832, 1-800-476-1853, firstname.lastname@example.org; Glenn J. Mullan,
Chairman of the board, Canadian Royalties Inc., (514) 879-1688,
1-877-879-1688, www.canadianroyalties.com; Normand Champigny, Executive
vice-president, Azimut Exploration Inc., (450) 646-3015,