Matamec Mandated Golder and Associates to Conduct the Environmental and Social Impact Assessment for its Heavy Rare Earths Ki...
13 September 2012 - 12:01AM
Marketwired
Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) and Toyotsu Rare Earth Canada, Inc.
("TRECan") are pleased to announced that the firm Golder &
Associates was awarded the mandate to conduct the Environmental and
Social Impact Assessment for the HREE Kipawa Project.
The mandate was awarded in April 2012 data for the environmental
baseline study needed to be collected in the spring 2012. The
priority for the Company in the spring-summer 2012 was to plan its
timetable to ensure all requirements for various permits and public
hearings were met, like the certificate of authorization.
Furthermore, although the Kipawa Mine Project is not heading for
public hearings ("BAPE") because of its scheduled daily production
of 4,000 tonnes, Matamec has taken into account current legislative
unpredictability by organizing its timetable to avoid possible time
delays by preventively gathering all features in case of public
hearings before various levels of government. Regardless of
obligatory legislative public hearings, Matamec's management
believes that proper environmental protection starts with a good
understanding of the environment, so the Company intends to
integrate corporate social responsibility by ensuring its actions
are in compliance with provincial and federal norms.
The collection of biological data (waterfowl inventory, fish
study, forest birds and birds of prey, amphibians, rare plants and
endangered species) has started and will continue throughout the
fall 2012. In addition, studies assessing surface water and
groundwater, hydrology and hydrogeology, noise and socio-economic
aspects are underway. Although some field work might be necessary
in spring 2013, the baseline study including social aspects will be
completed by the end of fall 2012. Important and necessary
geotechnical field work for open pit stability, mining
infrastructures and tailings have already started in August. Design
for tailing facilities and characterization of waste rock, ore and
tailings are also in progress.
The participation of the Algonquin communities impacted by
Matamec mining project has been obtained by the signature on last
July 6th of an agreement ("Memorandum of Understanding"), which
addresses, among other things, the preparation of an exploration
and consultation protocol by the signing parties. Also, the
Algonquin communities of Eagle Village First Nations and Wolf Lake
First Nations will bear the responsibility of preparing the part of
the study regarding the social, cultural and economic impacts of
the Company's project on their respective communities. An agreement
has also been reached on the reimbursement of the costs of such
study.
A harmonization and follow up table for the project was put
forward, to allow a better communication between the local
population and Matamec. The working group includes representatives
from Aboriginal communities affected by the project, the Regional
authorities, representatives from the town of Temiscaming and the
municipality of Kipawa, economic actors like the Regional Economic
development society, Tembec and the Chamber of Commerce, the Quebec
ministry of Natural resources and Fauna of the province and the
Lake Temiscamingue school board. The working group has already met
at 8 occasions.
Andre Gauthier, president, comments: "I really appreciate that
Golder & Associates are implicated in our project. It is a
trustworthy company and their reputation and knowledge gives us the
assurance of a complete and credible Environmental Impact
Assessment. The field work of last the spring and summer 2012 went
really well and everything ongoing is on schedule. Corporate social
responsibility is extremely important to me, and to everyone at
Matamec. In 2012, a mine project is respectful of the environment
and includes all stakeholders in its considerations."
About Matamec
Matamec Explorations Inc is a junior mining exploration company
whose main focus is in developing the Kipawa deposit with Toyotsu
Rare Earth Canada, Inc. ("TRECan"). Following the positive
conclusion of the PEA study filed on SEDAR in March 2012 and the
hiring of a V-P Project development and Construction, Matamec and
TRECan decided to move directly to the feasibility study. The March
2012 press release highlighted that the project has robust
economics such as: $606 million before-tax value (NPV8%), a 36.9%
before-tax IRR, a $2.8 billion revenue, $1.67 billion EBITDA, a
before-tax payback period of 2.4 years, etc. (see press release
dated January 30, 2012).
In parallel, the Company is exploring more than 35km of strike
length in the Kipawa Alkalic Complex for rare
earths-yttrium-zirconium-niobium-tantalum mineralization on its
Zeus property.
The Company is also exploring for gold, base metals and platinum
group metals. Its gold portfolio includes the Matheson JV property
located along strike and in close proximity to the Hoyle Pond Mine
in the prolific mining camp of Timmins, Ontario.
In Quebec, the Company is exploring for lithium and tantalum on
its Tansim property and for precious and base metals on its Sakami,
Valmont and Vulcain properties. As well, it is exploring for gold
together with Northern Superior Resources Inc. on the
Lesperance/Wachigabau property.
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: Andre Gauthier President (514)
844-5252info@matamec.com www.matamec.com
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