Abitibi Royalties Inc.: Engagement of Micon International Limited
22 Novembro 2011 - 5:07PM
Marketwired
Abitibi Royalties Inc. ("Abitibi Royalties" or the "Company", (TSX
VENTURE:RZZ) announces the engagement of Micon International
Limited ("Micon") as an independent consultant to audit results
prepared by Osisko Mining Corporation ("Osisko") on the Jeffrey
Zone only, which forms part of the Malartic CHL Property currently
the object of a joint venture with Osisko and in which the Company
holds a 30% free carried interest to production. The results
arising from Micon's review are expected to be available during the
course of the first quarter of 2012, at which time additional
details will be provided.
About Micon International Limited: Micon has provided consulting
services to the international mining industry since 1988, with
particular focus upon mineral resource estimations, metallurgical
services, mine design and production scheduling, preparation of
pre-feasibility and feasibility studies, independent reviews of
mining and mineral properties, project monitoring, independent
engineer roles, financial analysis and litigation support.
About Abitibi Royalties Inc.: Abitibi Royalties Inc. holds title
to interests in the Luc Bourdon and Bourdon West Prospects (also
known as the McFaulds Lake Property) and the Malartic CHL Property,
plus a 2% net smelter royalty interest in one claim held by Osisko,
which was previously held by Golden Valley Mines Ltd. and vended to
Osisko, and may acquire and generate other property and royalty
interests.
Forward-Looking Statement: This news release contains certain
forward-looking statements. These forward-looking statements are
subject to a variety of risks and uncertainties beyond the
Company's ability to control or predict and are not to be
interpreted as guarantees for future performance. These
forward-looking statements could cause actual events or results to
differ materially from those anticipated in such forward-looking
statements. All forward-looking statements speak only as of the
date of this news release and the Company does not undertake any
obligation to update or publicly release any revisions to such
forward-looking statements to reflect events, circumstances, or
changes in expectations after the date hereof, except as required
by law. Accordingly, readers should not place undue reliance on
such 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: Glenn J. Mullan Director and CEO 819-824-2808, x
204glenn.mullan@goldenvalleymines.com
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