DEVELOPMENT AGREEMENT – Metanor, Cree sign deal for Bachelor Lake mine

QUEBEC - METANOR RESOURCES of Val d'Or, QC, and the WASWANIPI CREE have signed a draft agreement as part of the reo...
QUEBEC - METANOR RESOURCES of Val d'Or, QC, and the WASWANIPI CREE have signed a draft agreement as part of the reopening of the Bachelor Lake gold mine near James Bay. This is the first agreement of its kind involving the Cree community in the development of guidelines for the management of a mine.

The agreement covers several area, including a pre-employment program for members of the Cree community who want to work at the mine. A number of other projects that are to be developed and managed jointly by the community and Metanor will cover social, cultural, environmental, health and security opportunities. Cree elders will serve as advisors to the mining company to make sure that the reopened mine does not interfere with traditional activities such as trapping.

The Bachelor Lake mill was restarted at the end of December 2007 to treat a 30,000-t bulk sample from the Barry site, 65 km southeast of Bachelor Lake.

Additional information about the Bachelor Lake project is available at www.Metanor.ca.

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