NUNAVUT -- The NUNAVUT IMPACT REVIEW BOARD (NIRB) has recommended that development proceed at the Doris North deposit at Vancouver's MIRAMAR MINING's Hope Bay gold project. Approval by the NIRB completed the EIS assessment process for the project, but the minister of Indian and Northern Affairs Canada must also give his okay before a project certificate is issued.
The NIRB report recommends that the project go ahead subject to certain terms and conditions. Miramar has completed a preliminary review of these terms and conditions and believes that it will be able to satisfy them. The NIRB will be posting its report on its website at www.NIRB.nunavut.ca.
Miramar owns 100% of the Hope Bay project that includes several deposits. The measured and indicated resources total 2.1 million oz of contained gold in material averaging 9.6 g/t Au plus another 4.3 million oz in inferred resources grading 7.0 g/t . The project is described in geological detail at www.MiramarMining.com. Production is expected to begin in 2008.
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