Summo Minerals Lisbon Valley Copper Project Final Environmental Impact Statement issued.
VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 10, 1997--Summo Minerals Corpo (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). SMA (1) See SMA connector.
(2) (Shared Memory Architecture) See shared video memory.
(3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. .) Summo Minerals Corporation is pleased to announce that the last major permitting hurdle prior to commencement of construction and operation at the Lisbon Valley Copper Project located near LaSal, Utah, was completed.
On Feb. 7, 1997 the U.S. Bureau of Land Management (BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines ) issued the Final Environmental Impact Statement (FEIS FEIS Final Environmental Impact Statement
FEIS Final Environmental Impact Report
FEIS Fugitive Emissions Information System
FEIS Fellow of the Educational Institute of Scotland ) for the project. The BLM is required to publish a Notice of Availability in the Federal Register for 30 days.
Following this 30-day period the BLM will sign a formal Record of Decision approving the project. This completes an 18 month permitting process on the project, shepherded by Gochnour & Associates, Inc. of Englewood, Colorado.
Prior to completing the FEIS Summo successfully completed necessary permitting activities on the state and local levels.
Financing for final engineering and construction on the project is currently underway. Final engineering is expected to begin in March and construction is scheduled to commence in June.
Construction should be completed by the second quarter, 1998 with initial cathode copper production to follow immediately thereafter.
The project is designed to produce approximately 40 million pounds of cathode copper annually at a cash cost of US0.47/lb. for a minimum of 8 - 10 years, depending upon copper prices. Exploration drilling designed to increase the reserves is planned to begin later this spring.
Mr. Robert L. Mason has joined the board of directors of Summo Minerals Corp., replacing Mr. Matthew J. Mason. Mr. Robert Mason is senior vice president of IntraCorp Developments Ltd., a substantial real estate development corporation based in Vancouver.
Mr. Mason's insights into land-based business transactions and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most in land-related issues are a welcome addition to the Board. -0- On behalf of the Board of Directors, Gregory A. Hahn, President, C.E.O. -0- Both the Vancouver Stock Exchange Vancouver Stock Exchange (VSE)
A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.
Vancouver Stock Exchange
See Canadian Venture Exchange (CDNX). and the Toronto Stock Exchange Toronto Stock Exchange (TSE)
Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. have not reviewed and do not accept responsibility for the adequacy or accuracy of this press release.
CONTACT: Summo Minerals Corporation
Clive Massey, 604/687-7545