International Wayside Gold Mines Ltd.: Application to Mine 70,000 Tonnes per Year at Bonanza Ledge Submitted to Government.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Neil Mallen MSc.Pl., VP Environment has reported to The Board of Directors of International Wayside Gold Mines Ltd. (IWA IWA International Water Association IWA International Webmasters Association IWA Inland Waterways Association (UK) IWA International Windsurfing Association IWA Williams-Gateway Airport ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IWA) that a Permit Application was made to the B.C. Ministry of Energy and Mines (MEM (MicroElectroMechanical) See MEMS. ), for a proposed development to mine up to 70,000 tonnes of mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. material per year at Bonanza Ledge. The Permit Application will require review and approval by the MEM under the Mines Act and accompanying Health, Safety and Reclamation Code for Mines in British Columbia, as well as other provincial legislation. The Bonanza Ledge mine is being developed as a stand-alone project and is completely independent of the Cow Mountain project that is being concurrently permitted through the B.C. Environmental Assessment Office. The proposed Bonanza Ledge Mine does not require review under the British Columbia Environmental Assessment Act or the Canadian Environmental Assessment Act, since the proposed rate of extraction is below the threshold production rates that would trigger these laws. The specific objective of the Bonanza Ledge Permit Application is to provide a mine and reclamation plan with sufficient detail to demonstrate to technical reviewers that IWA, together with its consultants, has the necessary understanding, resources, technical capability and intent to develop the mine in a safe and environmental responsible manner, and that all major issues and concerns have been identified and can be adequately mitigated. The proposed mining activity will involve extraction of up to 70,000 tonnes of mineralized material per year. When a Bonanza Ledge mining permit is in place, an application will be submitted to MEM annually to renew the permit. On Behalf of the Board of Directors J. Frank Callaghan, President This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved of the information contained herein. |
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