27, 2007, Vancouver, BC � The William decision, released by the
Supreme Court of British Columbia on November 21, 2007, has provided increased
certainty for the Company�s 100% owned Prosperity
The Prosperity project is within the 4,381 square kilometers
subject to aboriginal rights, but importantly, outside of the aboriginal title
lands of approximately 2,000 square kilometers
described by the Honourable Mr. Justice Vickers in his judgment.
Mr. Justice Vickers found that the Tsilhqot�in people
have an aboriginal right to hunt and trap birds and animals throughout the
4,381 square kilometers, including the land affected
by the Prosperity project. However, on the matter of aboriginal title,
independent legal counsel to the Company has confirmed that the Court, after
very careful deliberation, expressed an opinion on what area of the 4,381
square kilometers is aboriginal title land, and the
proposed Prosperity mine is not in that area.
The Company is preparing for the formal environmental assessment review of the
Prosperity project and is ready to advance the permitting process...
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