carimmohelp: Avanti Mining Inc. Final Environmental Assessment Application Accepted for …

среда, 2 мая 2012 г.

Avanti Mining Inc. Final Environmental Assessment Application Accepted for …

VANCOUVER, BC, May 01, 2012 (MARKETWIRE via COMTEX –
Avanti Mining Inc.
(pinksheets:AVNMF («Avanti»
or the «Company» is pleased to announce that the Final Environmental
Assessment (EA Application / Environmental Impact Statement (EIS
for the Kitsault Mine Project («Project» in northern British
Columbia (BC has been accepted by the BC Environmental Assessment
Office (EAO. On April 30, 2012, the BC EAO commenced the review of
the Final EA Application /EIS. The BC EAO will undertake a legislated
180-day review of the Application. The CEA Agency will conduct its
environmental review concurrently with the BC EAO. Avanti anticipates
that the CEA Agency will complete its review within a similar
timeframe as the BC EAO. To date, the BC EAO and the CEA Agency have
worked jointly to advance the Project through their respective
environmental review processes.

Avanti submitted a DRAFT EA Application / EIS for preliminary review
on December 22, 2011 and received both screening and detailed
comments in late February 2012. Avanti has incorporated changes from
responses received during the screening review and it has
incorporated these changes into the final document. The Final EA
Application / EIS is posted on the BC EAO’s Project Information
Center website at
www.eao.gov.bc.ca .

«With the submission of the Final EA Application / EIS, Avanti has
now advanced from the pre-Application phase of the EA process to the
final review,» Mr. Craig J. Nelsen, President and CEO, stated.
«Avanti looks forward to the final review and receiving its
Environmental Certificate for this mine development. We look forward
to the review period with all regulatory agencies, First Nations and
the public. Avanti is very proud of the plans it has developed for
Kitsault and the quality of this EIS. We are hoping that the high
level of pre-application consultation with all parties will result in
a Certificate being granted faster than the mandated timelines. »

In anticipation of the successful outcome of the EA process, Avanti
is working with the BC Ministry of Forests, Lands and Natural
Resource Operations (MFLNO to advance permit applications necessary
for construction and operation of the Project. The MFLNO works as a
central government body responsible for coordinating BC and Canada
permitting agencies under the provinces «1 Project – 1 Process»
policy. This «synchronous» EA and permitting process is a relatively
new government initiative aimed at streamlining the regulatory
process.

Avanti Mining Inc. is focused on the development of the past
producing Kitsault Mine Project located north of Prince Rupert in
British Columbia. In late 2010, Avanti completed the Kitsault
Feasibility Study on the Kitsault Mine Project, dated December 15,
2010, prepared by AMEC Americas Limited that showed Proven and
Probable Reserves of 232.5 million tonnes averaging 0.081%
molybdenum. Ken Collison, P. Eng. , Senior Vice President Project
Development and a Qualified Persons as defined by NI 43-101, is
responsible for the technical information in this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange
accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti Mining
Inc. (the «Corporation». All statements, other than statements of
historical fact in particular, statements herein about the submission
by the Corporation of its Environmental Assessment application for
the Kitsault Project being granted faster than the mandated
timelines, are forward-looking statements. These forward-looking
statements are based on the opinions of management at the date the
statements are made and are based on assumptions and subject to a
variety of risks and uncertainties and other factors that could cause
actual events to differ materially from those projected in
forward-looking statements. Important factors that could cause actual
results to differ materially from the Corporation’s expectations
include the need for cooperation of government agencies and native
groups in the preparation of the EA application, the fact that the
Corporation’s employees and consultants may divide their time between
other projects and other risks and uncertainties disclosed in the
Corporation’s Annual Information Form for the year ended December 31,
2010, which is available at
www.sedar.com . The Corporation is under
no obligation to update forward-looking statements if circumstances
or management’s opinions should change, excepting as required by
applicable securities laws. The reader is cautioned not to place
undue reliance on forward-looking statements.

    www.avantimining.com          Craig J. Nelsen          Chief Executive Officer          303-565-5491, extension 4471            A.J.  Ali          Chief Financial Officer          303-565-5491, extension 4472

SOURCE: Avanti Mining Inc.