Thursday, March 19, 2009

TNR Gold TNR.v: Alaska is heating up. US$59 Million Work Program to Prepare Pebble Project for Permitting. TNR.v, NG.to, NDM.to, HUI, XAU, GDX

It is very important to see money flowing into Alaska now with Gold close to the Important Move. TNR Gold TNR.v holds 50% of Shotgun deposit with historical 1 mil oz of Gold in J/V with Nova Gold NG.to and Iliamna property in proximity of Pebble.
VANCOUVER, March 19 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE AMEX: NAK) announces that the Pebble Limited Partnership ("PLP" or the "Pebble Partnership") Board of Directors has approved a US $59 million budget and work plan for 2009, with the potential for supplemental spending up to a total of US $70 million, to be spent towards completing a Prefeasibility Study and preparing the Pebble Project for permitting in 2010.
Pending the outcome of engineering trade-off studies currently underway, the PLP Board is expected to meet in August 2009 to finalize the Prefeasibility Study schedule and authorize additional program expenditures this year.
"The primary focus of the Pebble Partnership team in 2009 will be to produce the optimal project design, from an environmental, social and economic perspective," said Northern Dynasty President & CEO Ron Thiessen. "Not only does PLP expect to finalize a Prefeasibility Study, it will also be preparing to enter the state and federal permitting process under NEPA (National Environmental Policy Act) in 2010.
"These are significant project goals and milestones, and the PLP Board of Directors has approved an equally ambitious budget and work program for 2009."
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