Engineering and Scoping Level Studies The Angus and Nonda projects have many similarities and the Company's engineering consultants are preparing scoping level studies for the project. Similar teams include; mining, process, access, infrastructure, financial analysis and cost estimating professionals. Once a resource estimate has been completed (see diamond drilling above) the Scoping Level work will be transitioned into a Preliminary Economic Assessment.
Environmental Baseline Studies and Permitting Ecosystems North has also commenced environmental assessment and baseline studies for the Angus project. Similar to Nonda, the work will focus on aquatic, terrestrial, climate, noise, social and other aspects of the project environment. Recent fieldwork includes; water quality and stream flow measurements, ongoing vegetation sampling, and the collection of climate data. The Angus site benefits from a substantial historical environmental record and database. Caribou have been extirpated in the area according to the Provincial records and there is no requirement for studying that species in the project area.
Similar to the Company's approach for Nonda, Stikine intends to file the Angus Project Description and to begin the permitting process shortly after receiving the engineering and design information from its engineers. The Company has met with various government and regulatory staff to discuss the Angus project prior to the submission of the Project Description to the BC Environmental Assessment Office.
Community Engagement The Angus project is within the traditional territories of the McLeod Lake Indian Band, the West Moberly First Nations and is in close proximity to the neighboring Lheidli T'enneh Nation. Stikine is committed to seeking their input and advice into designing and planning the environmental, socio-economic, and cultural aspects of the Angus Project and to identify and secure economic opportunities at an early stage so that communities benefit directly from the economic activity generated by the Project. The Company is engaged in project discussions with all of the First Nations listed above.Background Stikine is focused on becoming a dominant frac sand supplier to British Columbia's developing shale gas industry. The Horn River, Liard and Montney Basins are large-scale gas plays led by major producers who currently rely on frac sand transported over great distances. Stikine's Nonda project is located in close proximity to the Horn River and Liard Basins and the Angus project lies in close proximity to the Montney Basin. The projects were identified in 2009 through a systematic search for raw material sources possessing the different frac sand sizes used in each basin and the potential for large-scale resource development. Stikine is currently completing resource estimates, engineering and baseline environmental work in addition to community consultation for both projects. Scott Broughton, P.Eng. is the qualified person as defined by national instrument 43-101 responsible for the preparation of this news release. STIKINE ENERGY CORP. "Scott Broughton" Scott Broughton, P.Eng. - President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Stikine Energy Corp.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV