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SUSTAINABLE DEVELOPMENT – Miramar, Cusac sign separate IBAs

VANCOUVER - The owners of two gold projects have signed agreements with local aboriginal bands.



VANCOUVER – The owners of two gold projects have signed agreements with local aboriginal bands.

MIRAMAR MINING and the KITIKMEOT INUIT ASSOCIATION (KIA) have signed an impact benefit agreement (IBA) covering the development of the Doris North gold mine at Miramar’s Hope Bay project. Doris North could be the first gold producer in Nunavut. The pact satisfies certain requirements of the Nunavut Land Claims Agreement and outlines the benefits that will be provided to the Inuit as a result of mine development and operation. It further provides that local employment, training and business opportunities arising from the project are made available to the Inuit of the Kitikmeot region. The IBA also outlines the special considerations and compensation that Miramar Hope Bay Ltd. will provide for Inuit regarding traditional, social and cultural matters, and effects on Inuit water rights.

The Doris North mine may be in production as early as mid-2008. See www.MiramarMining.com.

CUSAC GOLD MINES and DEASE RIVER FIRST NATION have signed a memorandum of understanding (MOU) applicable to Cusac’s Table Mountain gold project near Cassiar, B.C. Under the MOU, the parties acknowledge that the Table Mountain property lies within Kaska Traditional Territory, and that rights to traditional uses of the land, such as hunting and fishing, extend across the property. It sets out a framework whereby Cusac will ensure that information regarding opportunities for employment, contracting, materials supply, and provision of other services are provided to the Dease River Band Council at Good Hope Lake, B.C., in a timely manner. The MOU also acknowledges that consultation and information sharing are of prime importance and a regular timetable for meetings and discussion is set out.

Cusac restarted mining at Table Mountain in August 2006. See www.Cusac.com.


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