Tulsequah Chief EA Amendment Approved
TORONTO, ONTARIO -- (Marketwire) -- 10/22/12 -- Chieftain Metals Inc.
("Chieftain" or the "Company") (TSX:CFB) is pleased to report that
the British Columbia Minister of the Environment and the Minister of
Energy, Mines and Natural Gas have approved an amendment to the
Company's existing Environmental Assessment (EA), which includes the
alternate access road route for the Tulsequah Chief Project in
Mr. Keith Boyle, P.Eng., Chieftain's COO stated, "We are pleased with
the Minister's approval and with the support of the B.C.
Environmental Assessment Office. This is another important step in
moving Tulsequah Chief toward construction."
The amended EA addresses the realignment of a section of the
currently permitted Mine Access Road from Kilometre 57, north of the
mine site, to connect with the existing provincial road network at
the end of the Warm Bay Road, south of the town of Atlin, BC.
Chieftain considers the re-alignment to offer significant reductions
in potential environmental and cultural impacts compared to the
previously approved route, as it will allow a 35 km reduction in new
road construction, reduce the number of stream crossings by 24, avoid
sensitive caribou habitat and eliminate any crossing of the TRTFN
Nakina Heritage Trail.
A Special Use Permit (SUP) Amendment Process has run in parallel with
the EA Certificate Amendment, and the Company has maintained an open
dialogue with regulators and the TRTFN through participation in the
North-Western Mine Development Review Committee. With the EA
Amendment now completed, the Company expects to receive an amended
SUP for the new road alignment in early course.
About Chieftain Metals Inc.:
Chieftain Metals Inc.'s principal business is the acquisition,
exploration and development of mineral properties. Since
incorporation, the Company's business has focused entirely on the
acquisition, and thereafter the development, of the Tulsequah Chief
Polymetallic Project, in north-western British Columbia, Canada. The
Tulsequah Project consists of 38 mineral claims and Crown-grants
covering approximately 14,220 hectares and covers two previously
producing mines. For more information on the Tulsequah Project,
please refer to the Company's NI 43-101 compliant technical rep
"Tulsequah Chief Deposit, Tulsequah Chief Property, Northern British
Columbia" and "Big Bull Project, Tulsequah Chief Property, Technical
Report, Northern British Columbia", each dated as of November 8, 2010
and available under the Company's profile on SEDAR (www.sedar.com).
This press release includes certain "forward-looking statements"
within the meaning of the Ontario Securities Act or other laws or
regulations. All statements, other than statements of historical
fact, included herein, including without limitation, statements
regarding potential mineralization, mineral resources or reserves,
exploration results, future plans and objectives of Chieftain Metals
Inc. are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Chieftain Metals Inc.
President & CEO
Chieftain Metals Inc.
Director, Investor Relations
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