Niblack Mineral Development Inc.

Published : December 01st, 2011

Supports As Heatherdale Explores Niblack Project Partnership Opportunities In Southeast Alaska

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Gold | Growth | Market | Senator | Silver | Storage | Water | Zinc |

click here to view news release on device

Niblack Mineral Development Inc.

Niblack Supports As Heatherdale Explores Niblack Project Partnership Opportunities In Southeast Alaska

December 1, 2011, Vancouver, BC � Niblack Mineral Development Inc. (�Niblack� or the �Company�) (TSX-V: NIB) supports Heatherdale as they continue to advance its high-grade volcanogenic massive sulphide (VMS) mine development opportunity at the Niblack Project on southeast Alaska�s Prince of Wales Island, including through ongoing engagements with community and political leaders, Alaska Native tribes and corporate entities, and other prospective business partners in the state.

�Our efforts to expand known deposits of high-grade VMS mineralization at Niblack and prepare the project for development and permitting continue to receive widespread support and encouragement from the people, communities and institutions of southeast Alaska,� confirmed Heatherdale President & CEO Pat Smith. �Southeast Alaskans want and encourage responsible development of their mineral resources, and are willing to work cooperatively with progressive companies that invest in programs that generate benefits for local communities while ensuring protection of valued natural resources. It is a very encouraging and supportive environment for Heatherdale and the Niblack Project.�

Smith noted that Heatherdale has received vocal and bi-partisan support from some of Alaska�s leading political figures. The vast majority of southeast Alaska legislators from both sides of the aisle have visited the Niblack property in 2011. Both Alaska Governor Sean Parnell (R) and US Senator Mark Begich (D) have had occasion to speak out in support of Heatherdale and the Niblack Project this year.

Sen. Begich wrote a letter in July 2011 supporting the responsible development of the Niblack Project and urging the US Forest Service to make all reasonable efforts to ensure timely permitting of Heatherdale�s proposed surface exploration drilling program. Meanwhile, at an October 2011 minerals conference in Fairbanks, Gov. Parnell spoke expansively about Heatherdale and Niblack: �Heatherdale is spending $1.2 million in the economy every month, for groceries, fuel, and training. Thirty-five people are working�.Now it may seem small in scale, but there�s a tremendous sense of optimism both in the miners and the management team. Niblack�illustrates an important point: in southeast Alaska, where the federal government has decimated timber jobs, the private sector is establishing a beachhead of opportunity for new jobs.�

Heatherdale is pursuing partnership opportunities with a range of southeast Alaska institutions, corporate entities and Native organizations related to the provision of power to the future Niblack mine. As a member of the Southeast Conference, the Company has worked with a range of local government and private entities to ensure that its future energy requirements are reflected in the Southeast Integrated Resource Plan. Heatherdale has also engaged with the Alaska Energy Authority (AEA) and the Alaska Industrial Development and Export Authority (AIDEA), which regularly provides financing to public-private partnerships to facilitate infrastructure development and economic growth in the state.

In addition to power alternatives, Heatherdale is also investigating options for siting ore processing facilities, including the option of barging ore from Niblack to a suitable offsite location. Several regional institutions and public entities in southeast Alaska are actively working with Heatherdale as it seeks to identify candidate sites with suitable topography, and access to hydroelectric power, tidewater, and a commuter workforce.

�While it�s early days, we believe Niblack will require the provision of some 3.5 megawatts of power to operate a 1,500 to 2,000 ton-per-day underground mine, and another 8 megawatts to operate a mill and processing plant,� Smith said. �The final identification, permitting, development and realization of these facilities and services will take a number of years to accomplish, but we already have an impressive suite of local entities and institutions who are working collaboratively with us to identify the optimum solutions.�

Smith said Heatherdale�s efforts to identify sites that meet specific criteria for development of a processing plant and tailings storage facility for the Niblack Project have been met with positive encouragement from a broad range of local entities. He expressed confidence that offsite milling is a viable option for Niblack, particularly given the proactive assistance being provided by state and regional institutions.

�To the greatest degree possible, we want the Niblack Project to benefit the people and communities of Southeast Alaska,� Smith said. �Since day one, the priority at Niblack has been to employ local people, contract local companies and pursue local partnerships. We have every expectation that the attention we�ve paid to being a good neighbor now will be acknowledged in the future as the Niblack Project proceeds through permitting and into construction and operations.�

Heatherdale has made a strong effort in 2011 to meet with and provide status reports to community, tribal and Alaska Native corporation leaders from all of the island�s main communities � including Craig, Klawock, Kasaan and Hydaburg. Since the outset of its involvement with Niblack in 2009, the Company has maintained a significant commercial partnership with the Prince of Wales Tribal Enterprise Consortium (POWTEC LLC) � an on-island limited liability company owned by the Craig Tribal Association and the Organized Village of Kasaan � for the provision of Human Resources recruitment and administrative services. Through POWTEC, Heatherdale has trained and employed some 36 local people over the past three years.

�From the outset, Heatherdale has made it clear that it wants its mineral development activities on Prince of Wales Island to benefit local people and communities through local hire and contracting,� said POWTEC CEO Bill Cole. �We�ve been pleased to be a significant partner with them in achieving that goal during the project development phase, and we look forward to the day when Niblack advances to construction and operations. The economic development and partnership opportunities that this project represents for our company, our employees and shareholders, and all of southeast Alaska, are really tremendous.�

Niblack�s location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labor force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep-water port and international airport. The State�s burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources� �Large Mine Permitting Team.� For reference, Hecla�s Greens Creek mine, a 2,100 ton-per-day underground operation, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (TSX-V: NIB) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company�s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale. On October 25, 2011, Niblack and Heatherdale entered into a definitive arrangement agreement (the "Arrangement Agreement"), which provides that Heatherdale will acquire all of the common shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale share per Niblack common share.

Niblack Mineral Development Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board
Niblack Mineral Development Inc.
/s/"John Williamson"
President, CEO & Director

For further information about Niblack Mineral Development Inc. or this news release, please contact:

Brian Budd
Director of Corp. Development
Email: brianb@niblack.com
Tel. 604-697-2861
Website: www.niblack.com Mobile URL: m.niblack.com

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

Niblack Mineral Development Inc.

Niblack Supports As Heatherdale Explores Niblack Project Partnership Opportunities In Southeast Alaska

December 1, 2011, Vancouver, BC � Niblack Mineral Development Inc. (�Niblack� or the �Company�) (TSX-V: NIB) supports Heatherdale as they continue to advance its high-grade volcanogenic massive sulphide (VMS) mine development opportunity at the Niblack Project on southeast Alaska�s Prince of Wales Island, including through ongoing engagements with community and political leaders, Alaska Native tribes and corporate entities, and other prospective business partners in the state.

�Our efforts to expand known deposits of high-grade VMS mineralization at Niblack and prepare the project for development and permitting continue to receive widespread support and encouragement from the people, communities and institutions of southeast Alaska,� confirmed Heatherdale President & CEO Pat Smith. �Southeast Alaskans want and encourage responsible development of their mineral resources, and are willing to work cooperatively with progressive companies that invest in programs that generate benefits for local communities while ensuring protection of valued natural resources. It is a very encouraging and supportive environment for Heatherdale and the Niblack Project.�

Smith noted that Heatherdale has received vocal and bi-partisan support from some of Alaska�s leading political figures. The vast majority of southeast Alaska legislators from both sides of the aisle have visited the Niblack property in 2011. Both Alaska Governor Sean Parnell (R) and US Senator Mark Begich (D) have had occasion to speak out in support of Heatherdale and the Niblack Project this year.

Sen. Begich wrote a letter in July 2011 supporting the responsible development of the Niblack Project and urging the US Forest Service to make all reasonable efforts to ensure timely permitting of Heatherdale�s proposed surface exploration drilling program. Meanwhile, at an October 2011 minerals conference in Fairbanks, Gov. Parnell spoke expansively about Heatherdale and Niblack: �Heatherdale is spending $1.2 million in the economy every month, for groceries, fuel, and training. Thirty-five people are working�.Now it may seem small in scale, but there�s a tremendous sense of optimism both in the miners and the management team. Niblack�illustrates an important point: in southeast Alaska, where the federal government has decimated timber jobs, the private sector is establishing a beachhead of opportunity for new jobs.�

Heatherdale is pursuing partnership opportunities with a range of southeast Alaska institutions, corporate entities and Native organizations related to the provision of power to the future Niblack mine. As a member of the Southeast Conference, the Company has worked with a range of local government and private entities to ensure that its future energy requirements are reflected in the Southeast Integrated Resource Plan. Heatherdale has also engaged with the Alaska Energy Authority (AEA) and the Alaska Industrial Development and Export Authority (AIDEA), which regularly provides financing to public-private partnerships to facilitate infrastructure development and economic growth in the state.

In addition to power alternatives, Heatherdale is also investigating options for siting ore processing facilities, including the option of barging ore from Niblack to a suitable offsite location. Several regional institutions and public entities in southeast Alaska are actively working with Heatherdale as it seeks to identify candidate sites with suitable topography, and access to hydroelectric power, tidewater, and a commuter workforce.

�While it�s early days, we believe Niblack will require the provision of some 3.5 megawatts of power to operate a 1,500 to 2,000 ton-per-day underground mine, and another 8 megawatts to operate a mill and processing plant,� Smith said. �The final identification, permitting, development and realization of these facilities and services will take a number of years to accomplish, but we already have an impressive suite of local entities and institutions who are working collaboratively with us to identify the optimum solutions.�

Smith said Heatherdale�s efforts to identify sites that meet specific criteria for development of a processing plant and tailings storage facility for the Niblack Project have been met with positive encouragement from a broad range of local entities. He expressed confidence that offsite milling is a viable option for Niblack, particularly given the proactive assistance being provided by state and regional institutions.

�To the greatest degree possible, we want the Niblack Project to benefit the people and communities of Southeast Alaska,� Smith said. �Since day one, the priority at Niblack has been to employ local people, contract local companies and pursue local partnerships. We have every expectation that the attention we�ve paid to being a good neighbor now will be acknowledged in the future as the Niblack Project proceeds through permitting and into construction and operations.�

Heatherdale has made a strong effort in 2011 to meet with and provide status reports to community, tribal and Alaska Native corporation leaders from all of the island�s main communities � including Craig, Klawock, Kasaan and Hydaburg. Since the outset of its involvement with Niblack in 2009, the Company has maintained a significant commercial partnership with the Prince of Wales Tribal Enterprise Consortium (POWTEC LLC) � an on-island limited liability company owned by the Craig Tribal Association and the Organized Village of Kasaan � for the provision of Human Resources recruitment and administrative services. Through POWTEC, Heatherdale has trained and employed some 36 local people over the past three years.

�From the outset, Heatherdale has made it clear that it wants its mineral development activities on Prince of Wales Island to benefit local people and communities through local hire and contracting,� said POWTEC CEO Bill Cole. �We�ve been pleased to be a significant partner with them in achieving that goal during the project development phase, and we look forward to the day when Niblack advances to construction and operations. The economic development and partnership opportunities that this project represents for our company, our employees and shareholders, and all of southeast Alaska, are really tremendous.�

Niblack�s location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labor force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep-water port and international airport. The State�s burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources� �Large Mine Permitting Team.� For reference, Hecla�s Greens Creek mine, a 2,100 ton-per-day underground operation, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (TSX-V: NIB) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company�s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale. On October 25, 2011, Niblack and Heatherdale entered into a definitive arrangement agreement (the "Arrangement Agreement"), which provides that Heatherdale will acquire all of the common shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale share per Niblack common share.

Niblack Mineral Development Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board
Niblack Mineral Development Inc.
/s/"John Williamson"
President, CEO & Director

For further information about Niblack Mineral Development Inc. or this news release, please contact:

Brian Budd
Director of Corp. Development
Email: brianb@niblack.com
Tel. 604-697-2861
Website: www.niblack.com Mobile URL: m.niblack.com

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

Click here to be removed from the list >>

Niblack Mineral Development Inc.Discovery Group

Niblack Mineral Development Inc.

PRODUCER
CODE : NIB.V
ISIN : CA65365X1096
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Niblack Mineral is a zinc and gold producing company based in Canada.

Niblack Mineral holds various exploration projects in Australia and in Canada.

Its main assets in production are 3 BLUFFS in Canada and JAURDI HILLS in Australia and its main exploration properties are BORDEN and NIBLACK in Canada and JAURDI HILLS (BLACK CAT) in Australia.

Niblack Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 15.5 millions as of today (US$ 15.5 millions, € 11.6 millions).

Its stock quote reached its highest recent level on January 23, 2004 at CA$ 9.95, and its lowest recent point on December 23, 2011 at CA$ 0.16.

Niblack Mineral has 35 977 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Niblack Mineral Development Inc.
2008 Annual Report
Financings of Niblack Mineral Development Inc.
1/4/2012Announces Private Placement
Project news of Niblack Mineral Development Inc.
1/12/2012Announces Security holder Approval for Arrangement with Heat...
12/1/2011(Niblack)Supports As Heatherdale Explores Niblack Project Partnership...
8/31/2011(Niblack)Joint Venture Partner Completes Requirments To Secure 60% In...
8/22/2011Joint Venture Receives Priority Permitting Approval From US ...
3/16/2011(Niblack)Larger Niblack Mine Estimates Released
7/13/2010(Niblack)Expands Precious Metals-Enriched VMS Deposit
5/6/2008(Commitee Bay)Exploration Program Set for 2008 Committee Bay Greenstone Be...
4/30/2008(Coolgardie)Concludes Sale of Coolgardie Gold Project for Total Consider...
4/15/2008(Coolgardie)Focus Minerals Shareholders Approve Acquisition of Committee...
3/13/2008(Commitee Bay)Significant Resource Upgrade for Three Bluffs Deposit Commit...
2/19/2008(Coolgardie)Further Resource Upgrade For High-Grade Perseverance Gold De...
1/30/2008(Redemption)Enters Exclusivity Agreement Redemption Joint Venture Proje...
12/20/2007(Redemption)Perseverance Feasibility Study Yields Positive Result Base C...
12/12/2007Further High Grade Drill Results from Perseverance Deposit
10/31/2007(Commitee Bay)Final 2007 Three Bluffs Drilling Results: 9.29 g/t Au over 8...
10/9/2007Upgraded Resource Within the "Tindals Gold Mining Centre"
9/13/2007(3 Bluffs)Three Bluffs Drilling Continues to Expand Resource Potential
9/5/2007New High Grade Intersections Increase Size Potential of Inuk...
Corporate news of Niblack Mineral Development Inc.
1/19/2012Announces Acquisition by Heatherdale Resources Ltd.
12/16/2011Mails Information Circular
11/29/2011(Niblack)Joint Venture Announces 31% Increase To Total Mineral Resour...
10/26/2011(Niblack)Definitive Agreement Reached between Niblack and Heatherdale
7/28/2011(Niblack)Drilling Continues To Intersect & Expand Mineralization At N...
3/7/2011Announces 54% Increase to Mineral Resources
5/6/2010Amends Warrant Terms
7/30/2008Acquire Key Areas on Borden Project Airborne Magnetics Surve...
6/20/20082008 Committee Bay Exploration Program Initiated
2/6/2008 Will Be Exhibiting at the 2008 Phoenix Resource Investment ...
11/6/2007 Present at the 2007 Money Talks Conference
11/5/20072007 President'sLetter and Corporate Update
10/18/2007 to present at Toronto and New Orleans Investment Conference...
9/14/2007Drill Program Extended at Three Bluffs Deposit
9/6/2007Three Bluffs Drilling Delivers Outstanding Intercepts 19.44 ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NIB.V)
0.430+1.18%
TSX-V
Prev close Open
Low High
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  - -100.00%
Volume 1 month var.
-100.00%
Produces Gold
Develops
Explores for Copper - Diamonds - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 8.25+1.98%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.99+0.34%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.83+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.53+3.52%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.68-3.40%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-37.50%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.60+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.52+2.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+1.72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+84.85%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.85+5.11%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 72.58+2.31%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.05+6.67%Trend Power :