Revett Minerals

Published : December 14th, 2007

Reports on Significant Rock Creek Permit Progress

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Keywords :   Copper | Recovery | Silver | Water |

Revett Minerals' Reports on Significant Rock Creek Permit Progress

Spokane Valley, Washington (December 13, 2007 - Revett Minerals Inc. (TSX-RVM) ("Revett" or the "Company") is pleased to report that on Monday December 10, 2007 it received a favorable determination (an 18.1 determination) from the United States Forest Service ("USFS") regarding its Rock Creek project in northwestern Montana. This determination was contained in a letter issued to Revett by the USFS notifying Revett that they may commence work at Rock Creek as contemplated under the Original Record of Decision. The Record of Decision is the main permitting approval document and it was issued jointly by the USFS and the Montana Department of Environmental Quality in June 2003. This letter and the accompanying review concluded there are no new issues that may affect the 2003 Record of Decision and therefore no supplemental EIS or revision of the Record of Decision is required. With this letter of confirmation, the Company is allowed to commence ground disturbance activities at Rock Creek within 60 days, weather permitting. The full text of this determination is available from the Company or on the USFS's website at creek.

In anticipation of this letter, the Company has purchased all required grizzly bear mitigation land and it has also begun funding other activities related to the recovery of the grizzly bear in the Cabinet-Yaak Ecosystem. In addition, the Company is well advanced on the engineering for the water treatment plant and it is in the process of providing the reclamation bond required for this phase of the project.

Development Plan

Rock Creek is a pre-feasibility stage project.  The next phase of development of a mine is completion of the Evaluation Program which will involve developing an adit and ramp system into the deposit, driving a drift on the mineralized horizon, and performing additional delineation drilling to verify existing technical assumptions.  This work should last approximately two years and culminate in a technical and economic feasibility study.   Preliminary physical work related to the adit and ramp development will now likely commence in the spring of 2008 as winter conditions have already set in northwestern Montana. Between now and the commencement of driving the evaluation adit, the Company and the regulatory agencies will finalize a number of agreements which provide the administrative framework for the mitigation program and Revett will finalize will finalize the engineering of the evaluation program.

Assuming a positive feasibility study, and our obtaining appropriate project financing, Revett intends to develop a 10,000 ton per day underground (room-and-pillar) mine which is proposed to incorporate a conventional flotation processing circuit to produce a copper concentrate. This process for producing copper concentrate is very similar to the process used at the Troy Mine.  Construction would take approximately two years.  Once in operation, Rock Creek is expected to average 6 million ounces of silver and 52 million pounds of copper production annually over a 20 year mine life.

Mr. Bill Orchow, President and CEO of Revett Minerals added "We are pleased that the permitting agencies have affirmed the conclusions reached in the comprehensive and extensive studies which formed the scientific basis for the Rock Creek Record of Decision. Assuming no further delays caused by legal challenges brought by opposition to our environmentally responsible project, we plan on commencing driving the adit in mid-2008."

William Orchow
President & CEO

For more information, please contact:

Scott Brunsdon, CFO or Doug Ward, VP Corporate Development at (509) 921-2294

Renmark Financial Communications Inc.
Jason Roy:
Maurice Dagenais:
Tel: (514) 939-3989
Fax: (514) 939-3717

This press release contains forward-looking statements regarding the Company's plan commence the evaluation adit phase at its Rock Creek  project and the Company's view that it should now be able to proceed with its Rock Creek evaluation program in accordance with plans as previously announced. Such forward-looking statements assume, among other things, that there are no further legal challenges or opposition to the exploration and development of the Rock Creek project, that regulators continue to support the project, that material , supplies and the workforce required to advance the project will be obtained in a timely and cost effective manner, that the future prices of silver and copper are such that the project continues to be economically viable, that the project parameters are not changed following a completion of a feasibility study, and that the Company is able to finance the programs. Actual results and developments may differ m ATERIALLY FROM THOSE CONTEMPLATED BY THE FORWARD-LOOKING STATEMENTS IF ANY OF THESE ASSUMPTIONS PROVE INCORRECT. THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE REPRESENT THE COMPANY'S VIEWS AND EXPECTATIONS AS OF THE DATE OF THIS PRESS RELEASE AND SHOULD NOT BE RELIED UPON AS REPRESENTING THE COMPANY'S VIEWS AND EXPECTATIONS AS OF A SUBSEQUENT DATE.

Revett Minerals

ISIN : CA7615051066
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Revett is a silver and copper producing company based in United states of america.

Its main asset in production is TROY in USA and its main asset in development is ROCK CREEK in USA.

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Corporate Presentations of Revett Minerals
9/17/2009Comprehensive Coverage of Financial Markets
Annual reports of Revett Minerals
Annual report 2006
Financials of Revett Minerals
5/12/2011Provides Q1 2011 Financial Results
3/23/2011Reports on 2010 Financial and Operating Results
8/13/2008Reports Operating and Financial Results for the Three and Si...
3/28/2008Reports on 2007 Financial and Operating Results
8/13/2007 Reports Strong Operating and Financial Results for the Thre...
5/11/2007Reports Operating and Financial Results for the Three Months...
Project news of Revett Minerals
1/24/2008(Troy)Updates Reserve Estimates at the Troy Mine.
12/14/2007(Rock Creek)Reports on Significant Rock Creek Permit Progress
7/10/2007Announces Discovery of New Mineralization at Troy
4/11/2007Reports on Troy's Operational Improvements
Corporate news of Revett Minerals
5/8/201510-Q for Revett Mining Co., Inc.
4/30/201510-K for Revett Mining Co., Inc.
3/30/2015Revett Mining Company Provides 2014 Financial Results
3/27/2015Revett Minerals Inc.: HECLA TO ACQUIRE REVETT IN $20 MILLION...
3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
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3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
1/20/2015IIROC Trade Resumption - RVM
1/20/2015Revett Places Troy Mine on Care & Maintenance
1/19/2015IIROC Trading Halt - RVM
11/10/2014Revett Reports Q3 2014 Financial Results and Provides Troy M...
10/1/2014Revett Resumes Underground Crushing Operations at Troy Mine
8/26/2014Revett Announces US $5 Million Loan Agreement
8/11/2014Revett Reports Q2 2014 Financial Results and provides Troy M...
7/1/2014Revett Provides Update on Troy Mine Development and Rock Cre...
6/20/2014Revett Mining Announces Results of Its 2014 Annual Meeting
5/12/2014Revett Reports Q1 2014 Financial Results and Provides Troy M...
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/26/2014Revett Completes Private Placement
5/26/2011Begins Trading on NYSE Amex Options
5/4/2011Approved for NYSE Amex Listing
2/25/2011Announces Analyst Coverage Initiated by Stonecap Securities
9/10/2008Announces New President & CEO
6/2/2008Commences Work at Rock Creek.
11/26/2007Acquires Rock Creek Mitigation Lands
11/20/2007Mr. Louis Gignac Appointed Director
8/15/2007Reports Resumption of Mining at Troy.
7/31/2007Minerals Reports on Mine Fatality
7/13/2007Reports on Troy's Continuing Production Improvements
6/1/2007Funds First Phase of Grizzly Recovery Program
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