Revett Minerals' Reports on Significant Rock Creek Permit Progress

    SPOKANE VALLEY, WA, Dec. 13 /CNW Telbec/ - Revett Minerals Inc. (TSX-RVM)
("Revett" or the "Company") is pleased to report that on Monday December 10,
2007 it received a favorable determination (an 18.1 determination) from the
United States Forest Service ("USFS") regarding its Rock Creek project in
northwestern Montana. This determination was contained in a letter issued to
Revett by the USFS notifying Revett that they may commence work at Rock Creek
as contemplated under the Original Record of Decision. The Record of Decision
is the main permitting approval document and it was issued jointly by the USFS
and the Montana Department of Environmental Quality in June 2003. This letter
and the accompanying review concluded there are no new issues that may affect
the 2003 Record of Decision and therefore no supplemental EIS or revision of
the Record of Decision is required. With this letter of confirmation, the
Company is allowed to commence ground disturbance activities at Rock Creek
within 60 days, weather permitting. The full text of this determination is
available from the Company or on the USFS's website at creek.
    In anticipation of this letter, the Company has purchased all required
grizzly bear mitigation land and it has also begun funding other activities
related to the recovery of the grizzly bear in the Cabinet-Yaak Ecosystem. In
addition, the Company is well advanced on the engineering for the water
treatment plant and it is in the process of providing the reclamation bond
required for this phase of the project.

    Development Plan

    Rock Creek is a pre-feasibility stage project. The next phase of
development of a mine is completion of the Evaluation Program which will
involve developing an adit and ramp system into the deposit, driving a drift
on the mineralized horizon, and performing additional delineation drilling to
verify existing technical assumptions. This work should last approximately two
years and culminate in a technical and economic feasibility study. Preliminary
physical work related to the adit and ramp development will now likely
commence in the spring of 2008 as winter conditions have already set in
northwestern Montana. Between now and the commencement of driving the
evaluation adit, the Company and the regulatory agencies will finalize a
number of agreements which provide the administrative framework for the
mitigation program and Revett will finalize will finalize the engineering of
the evaluation program.
    Assuming a positive feasibility study, and our obtaining appropriate
project financing, Revett intends to develop a 10,000 ton per day underground
(room-and-pillar) mine which is proposed to incorporate a conventional
flotation processing circuit to produce a copper concentrate. This process for
producing copper concentrate is very similar to the process used at the Troy
Mine. Construction would take approximately two years. Once in operation, Rock
Creek is expected to average 6 million ounces of silver and 52 million pounds
of copper production annually over a 20 year mine life.
    Mr. Bill Orchow, President and CEO of Revett Minerals added "We are
pleased that the permitting agencies have affirmed the conclusions reached in
the comprehensive and extensive studies which formed the scientific basis for
the Rock Creek Record of Decision. Assuming no further delays caused by legal
challenges brought by opposition to our environmentally responsible project,
we plan on commencing driving the adit in mid-2008."

    William Orchow
    President & CEO

    This press release contains forward-looking statements regarding the
Company's plan commence the evaluation adit phase at its Rock Creek project
and the Company's view that it should now be able to proceed with its Rock
Creek evaluation program in accordance with plans as previously announced.
Such forward-looking statements assume, among other things, that there are no
further legal challenges or opposition to the exploration and development of
the Rock Creek project, that regulators continue to support the project, that
material , supplies and the workforce required to advance the project will be
obtained in a timely and cost effective manner, that the future prices of
silver and copper are such that the project continues to be economically
viable, that the project parameters are not changed following a completion of
a feasibility study, and that the Company is able to finance the programs.
Actual results and developments may differ materially from those contemplated
by the forward-looking statements if any of these assumptions prove incorrect.
The forward-looking statements contained in this press release represent the
Company's views and expectations as of the date of this press release and
should not be relied upon as representing the Company's views and expectations
as of a subsequent date.
    %SEDAR: 00021518E

For further information:

For further information: Scott Brunsdon, CFO; Doug Ward, VP Corporate
Development, (509) 921-2294; Renmark Financial Communications Inc.: Jason Roy:; Maurice Dagenais:,
(514) 939-3989, Fax: (514) 939-3717,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890