Stock Symbol: SGF: TSX
SASKATOON, June 10 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration and Development, is pleased to announce the second round of Community Open House Meetings to be hosted by Shore in furtherance of the Star - Orion South Diamond Project. The Open Houses will take place June 14-17, 2010.
An Environmental Impact Assessment on the proposed project is nearing completion. Shore is responsible to keep the public fully apprised of the latest proposal for the Star - Orion South Diamond Project, which includes two open pits, a combined processing facility and other infrastructure. The Company also needs to gather input from surrounding communities, which will assist in the development of the Environmental Impact Statement scheduled for submission to the Saskatchewan Ministry of Environment and federal agencies later this year.
The meetings are intended to show people of the area what diamond mining would entail, to ensure an awareness of impacts, to obtain feedback from members of the public and answer any questions they may have. All Open House materials will also be available online. This second round of Open Houses is designed in part to provide information related to concerns and questions raised at the initial round of Open Houses, held in February 2009, which attracted more than 1,000 visitors.
The 2010 Open Houses will take place in Meath Park (June 14), Choiceland and Nipawin (June 15), Tisdale and Melfort (June 16) and Prince Albert (June 17). Details of locations and times are posted under "Community" at www.shoregold.com.
The Open Houses will include displays, handouts, a scale model depicting the proposed mine site, video simulations showing both mining and processing methods and the appearance of mining operations in relation to the landscape. Separate stations will be dedicated to the topics of Geology, Mining and Processing, Environmental Monitoring, and Jobs and Economy. Subject matter experts will be in attendance to staff the displays, answer questions and record comments.
Senior Vice President Exploration and Development, George Read, states: "As we near completion of the Environmental Impact Statement and work toward a production decision, it is important to keep the public informed. We need to understand any concerns, gather input and answer inquiries. We look forward to meeting with as many members of the community as we can, and to ensure the process is as inclusive as possible."
Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Exchange under the trading symbol "SGF".
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. In particular, statements regarding Shore's future operations, future exploration and development activities or other development plans constitute forward-looking statements. Forward looking information contained in this release is that related to the proposed mine layout and infrastructure, and timing of submission of the EIS.
All forward-looking statements and information are based on Shore's current beliefs as well as assumptions made by and information currently available to Shore concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments in world diamond markets, changes in diamond valuations, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Shore or its joint venture partners, the effects of competition in the markets in which Shore operates, the impact of changes in the laws and regulations regulating mining exploration and development, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in Shore's most recently filed Annual Information Form and annual and interim MD&A, and Shore's anticipation of and success in managing the foregoing risks.
Shore cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Shore, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Unless otherwise required by applicable securities legislation, Shore does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Shore or on our behalf.
SOURCE Shore Gold Inc.
For further information: For further information: Joseph Dickson, Investor Relations Manager at (306) 667-3505 and www.shoregold.com