Alderon Selects BBA & Stantec as Scoping Study Consultants
07 January 2011 - 1:00AM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce the appointment of BBA Inc.("BBA") and
Stassinu Stantec Limited Partnership ("Stantec") to conduct a
Scoping Study on the Kamistiatusset ("Kami") Iron Ore Project in
western Labrador.
"Both BBA and Stantec have extensive work experience in Labrador
West iron ore mines. This experience will help ensure thorough yet
rapid completion of the scoping study which is a key step in moving
Kami towards production," says Matt Simpson, COO of Alderon.
BBA is an independent Canadian consulting engineering firm
operating internationally. Its team is composed of highly-qualified
experts in several engineering disciplines and is particularly
active in the mining and metals sector. BBA was the primary
engineering consulting firm for Consolidated Thompson's Bloom Lake
Mine, located 6.4 kilometres west of the Kami Project.
Stantec provides professional consulting services for
infrastructure and facilities projects. With their team of
professionals, Stantec can assist in all aspects of a project's
life cycle requirements. Stantec will lead this project out of
their St. John's Newfoundland & Labrador office which has
extensive experience in Government permitting processes for mining
as well as a solid understanding of environmental regulations.
Stantec has carried out several environmental assessments and
geotechnical work for other Labrador iron ore mines.
The depth of local iron ore experience allows both BBA and
Stantec to:
-- expedite engineering design work as the process and equipment size are
similar
-- have a good handle on project costs and timelines
-- assist in selection of local construction firms
-- minimize overall project risk
About Alderon
Alderon is a leading iron ore exploration and development
company in Canada. The Kami Project is located within an existing
iron ore district and is surrounded by producing iron ore mines.
The Alderon team is comprised of skilled professionals with
significant iron ore expertise to advance Kami towards
production.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ON BEHALF OF THE ALDERON BOARD
Mark J. Morabito, President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the risks associated with outstanding litigation, if any;
risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our
common share price and volume; and tax consequences to U.S.
shareholders. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law. Investors are cautioned against attributing
undue certainty to forward-looking statements.
Neither 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.
Contacts: Alderon Resource Corp. - Vancouver Office Mark J.
Morabito President & CEO 604-681-8030 604-681-8039 (FAX)
mmorabito@explorationgroup.com Alderon Resource Corp. - Toronto
Office 416-309-2135 416-861-5887 (FAX) info@alderonmining.com
www.alderonmining.com
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