SPOKANE VALLEY, WA, June 1 /CNW Telbec/ - Revett Minerals (TSX: RVM)
announced today that it recently completed the first phase of funding to
enhance grizzly bear recovery efforts in the Cabinet-Yaak Ecosystem (CYE) in
"While others talk about recovery efforts, Revett is stepping up to the
plate to provide much-needed funding for Montana Fish Wildlife and Parks (FWP)
to help carry out the overall grizzly bear recovery program," said Bill
Orchow, President and CEO of Revett, adding, "the $250,000 provided by Revett
will allow FWP to hire a wildlife conflict specialist now and a law
enforcement officer later."
This funding is part of a long-term commitment by the company in
conjunction with the planned development of the Rock Creek Mine in Sanders
County. "This is just the beginning of what we hope is a long-term
relationship with state and federal agencies that will protect grizzly bears
and enhance their habitat in the Cabinet-Yaak Ecosystem," which encompasses
1.6 million acres in northwestern Montana, a portion of north Idaho and
includes the area around our Troy Mine, Orchow continued. The primary agencies
involved in the cooperative effort are Montana FWP, the U.S. Fish & Wildlife
Service and the U.S. Forest Service.
In another critical step toward grizzly recovery, Orchow reported Revett
has also purchased 273 acres of property that wildlife agencies' experts
determined is prime grizzly bear habitat. That land, near the Cabinet Mountain
Wilderness, will be permanently set aside from development once the mining
project begins. Over the life of the mine, Revett will acquire a total
2,450 of acres of land to enhance grizzly populations.
According to Orchow the $250,000 provided by Revett is only the first
phase of a 30-year commitment by the company to fund in excess of $20 million
in today's dollars. Orchow noted that amount - specifically to benefit the
estimated 30 to 40 grizzly bears in the Cabinet-Yaak Ecosystem - is on par
with what has been spent by all parties to date on grizzly recovery in the
entire lower 48 states. He also noted that monitoring by biologists of two
grizzly bears recently relocated into the ecosystem near the Troy Mine, has
shown that the existing underground operation does not appear to affect the
Continued funding of the recovery efforts by the company is, of course,
dependent on the Rock Creek Mine project moving forward.
In addition to grizzly bears, the protection of bull trout and the
enhancement of their habitat have been given special attention as Revett moves
forward with permitting the Rock Creek Mine, which will employ 300 workers for
more than 20 years.
"It's time to move forward with this project in the spirit of cooperation
to protect the wildlife and the environment, not only with government
agencies, but also the local communities," Orchow concluded.
For further information:
For further information: Bill Orchow or Carson Rife, Revett Minerals,
(509) 921-2294; Renmark Financial Communications Inc.: Jason Roy:
email@example.com; Michael Shore: firstname.lastname@example.org; Media -
Eva Jura: email@example.com, (514) 939-3989, Fax: (514) 939-3717,