VANCOUVER, Dec. 11, 2014 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX: YMI) today announces that it has been advised by the BC Environmental Assessment Office ("BC EAO") that its application for an environmental assessment certificate ("EA Application") for the Harper Creek Project has been accepted for review by the BC EAO.
"The acceptance for review by the BC EAO of the EA Application for the Harper Creek Project marks the next milestone in the development of Harper Creek" noted Mr. Frank D. Wheatley, CEO of Yellowhead. "We look forward to working with the BC EAO and the Working Group during the review of the EA Application," continued Mr. Wheatley.
EA Application for the Harper Creek Project
With the acceptance of the EA Application for review by the BC EAO, the 180-day review period will commence once Yellowhead has responded to a number of screening comments from the BC EAO and the Working Group. Yellowhead currently anticipates that it will be able to respond to the screening comments and provide appropriate updates to the EA Application by the end of December 2014, which would result in the 180 day review period being initiated by the BC EAO in early January 2015.
About the Harper Creek Project
Harper Creek is a proposed 70,000 tonnes-per-day open pit copper mine with a 28 year mine life, located in the Thompson – Nicola region of British Columbia near Vavenby. Harper Creek has a four year development period, with the initial two years focused on environmental and construction permitting, and the second two years dedicated to construction. When developed, Harper Creek will provide up to 660 jobs during construction and up to 450 permanent jobs during operations.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage company with a 100% interest in the Harper Creek Project located in the North Thompson - Nicola region of British Columbia, Canada. The proposed Harper Creek mine will be a large scale, long life, low cost open pit copper mine, has a NI 43-101 compliant feasibility study, and is currently in the environmental permitting phase of development.
For more information on Yellowhead and the Harper Creek Project, please visit Yellowhead's website at www.yellowheadmining.com.
Cautionary Note Regarding Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Company's Annual Information Form filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.
SOURCE: Yellowhead Mining Inc.
For further information: Frank D. Wheatley, Chief Executive Officer, 604-681-1709 Ext. 212, Email: [email protected], Website: www.yellowheadmining.com, Twitter: http://twitter.com/YMI_Mining