SHARED VISION FOR RESOURCE DEVELOPMENT TO DRIVE NEW GROWTH OPPORTUNITIES
FOR BOTH GROUPS
VANCOUVER, June 28, 2011 /CNW/ - Stikine Energy Corp. (TSXV: SKY)
("Stikine" or the "Company") and the Kaska Dena Council ("Kaska")
announced today that they have signed a strategic engagement agreement
based on a mutual and beneficial interest in advancing Stikine's Nonda
Project ("the Project"). Through early engagement, the Kaska and
Stikine will work together on designing and planning the environmental,
socio-economic, and cultural aspects of the Project.
"This agreement allows our people to be engaged in a meaningful way so
that we can work together to safeguard our territory and protect our
Aboriginal rights, titles and interests," said Kaska Chair George
Miller. "It also provides us with a vehicle for ensuring that the
Kaska benefit from the significant economic opportunities associated
with the Project. We are very pleased by this agreement and are
committed to working in a spirit of collaboration and partnership with
Stikine on the Project."
Stikine has mineral rights to claims and leases 90 kilometres north of
Muncho Lake in the BC portion of the Kaska Traditional Territory
currently known as the Nonda Project. The Project is a frac sand
mining and processing development project located approximately 200 km
northwest of Fort Nelson.
Frac sand is a key component to the development of the large shale gas
plays in northeast BC's Horn River Basin, Liard Basin and Montney
Basin. These are rapidly developing world-class plays that have
attracted billions of investment dollars from many major producers.
Currently, testing and development of shale-gas in northeast BC relies
on the supply of frac sand from distant sources delivered at high
transport costs and logistical challenges. The large volumes of frac
sand required for planned well completions has resulted in a robust
market valued in the hundreds of millions of dollars per year - still
in its early stages, the market will likely grow and may be sustained
over the lifecycle of the gas basins.
Stikine is committed to seeking Kaska and other First Nation input and
advice into the Project, and will work with First Nations to identify
and secure economic opportunities so that communities benefit directly
from the economic activity generated by the Project.
"We strongly believe that mine development projects like ours can only
become truly successful when they have the support and participation of
First Nations," said Stikine President and CEO Scott Broughton. "With
strong and respectful relationship-building as a primary objective, we
will continue to work collaboratively with the Kaska and other First
Nations in the area to advance and develop the Project in a way that
delivers understanding and removes uncertainty for all. We see that
the opportunities for First Nations associated with the Project are
tremendous, and as we move forward, we are eager to develop
comprehensive socio-economic agreements and other forms of
participation that will outline those benefits to the communities."
"The signing of this agreement is recognition of an existing and
cooperative relationship between Stikine and the Kaska," Miller said.
"It is only by respecting each other that we will be able to achieve
mutually successful outcomes."
About Kaska Dena Council
The Kaska Dena Council was formed as a Society in 1981 to advance
interests of Kaska individuals who are potential beneficiaries of a
treaty settlement with Canada and British Columbia.
The Council represents the Kaska Dena in British Columbia and its Board
of Directors comprises representatives from Daylu Dena Council, Dease
River First Nation, Kwadacha First Nation and traditional Kaska Dena
communities of Muncho Dena and Fireside Dena.
Kaska Dena Traditional Territory extends from MacMillan Pass on the
Yukon/Northwest Territories border in the north, to Kwadacha in the
south, and from Little Salmon Lake, Yukon in the west to Fort Nelson in
About Stikine Energy Corp.
Stikine Energy Corp (TSX.V: SKY), a Vancouver based company, is
committed to becoming a dominant frac sand producer and supplier to
British Columbia's shale gas industry. The company currently proposes
two frac sand mines for northeastern BC. The Nonda Project is located
approximately 150 km west of the Horn River Basin and the Angus Project
is approximately 200 km south of the Montney Basin, with major
infrastructure nearby. Both projects are in the heart of major gas
plays but opportunities to supply beyond BC into other markets may also
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