Avanti Mining Inc. (TSX VENTURE: AVT) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. is pleased to announce that it has signed a Letter of Understanding with the Gitanyow Hereditary Chiefs related to its proposed Kitsault Mine Project.
“We have worked hard to develop a strong relationship with the Gitanyow leaders,” said Avanti Kitsault Mines President and CEO Mark Premo. “We are confident we can develop this project responsibly and do business together, and we look forward to doing so with all First Nations and local communities.”
The LOU commits the parties to negotiate a Cooperation Agreement that will address:
The LOU also addresses development of a Wildlife and Water Resource Protection Strategy and related capacity funding. It was signed on behalf of several Gitanyow Huwlips (houses) most directly affected by the project.
Gitanyow Chief Glen Williams stated, “Avanti has been open and fair in all our dealings. We look forward to strengthening that relationship in ways that will benefit our people as this project proceeds.”
The Kitsault Mine Project received an environmental assessment certificate from the province of British Columbia in March 2013. A federal environmental assessment decision is expected in the near future.
The Company is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.
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