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Niblack Mineral Development Inc.

Publié le 22 août 2011

Joint Venture Receives Priority Permitting Approval From US Forest Service

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Niblack Mineral Development Inc.

NIBLACK JOINT VENTURE RECEIVES PRIORITY PERMITTING APPROVAL FROM US FOREST SERVICE

Augusts 22, 2011, Edmonton, AB � Niblack Mineral Development Inc. (�Niblack� or the �Company�) (TSXV: NIB) and joint venture partner Heatherdale Resources Ltd. (Heatherdale) (TSXV: HTR) ) are pleased to report that on August 16, 2011 the US Forest Service Alaska Regional Forester Beth Pendleton announced that exploration drilling at the Niblack Project has been approved to go forward. The permitting approval allows the joint venture to drill test several high priority exploration targets located on federal lands designated as inventoried roadless area. This will complement and significantly enhance the ongoing exploration program at the Niblack Project.

�Today, Forest Service Chief Tom Tidwell approved geotechnical and exploration drilling in inventoried roadless areas for the Greens Creek Mine and the Niblack Mine exploration projects,� said Pendleton. �This approval will allow Greens Creek to continue the expansion of its tailings site and Niblack to continue its exploration.�

�These two projects will help employ Alaskans on important projects while providing crucial environmental safeguards," said Harris Sherman, Undersecretary for Natural Resources and the Environment at the US Department of Agriculture.  "Both the Niblack and Greens Creek projects will have minimal footprints -- less than an acre apiece -- with the potential for substantial boosts to local economies."

The joint venture would like to acknowledge the combined efforts of the Alaska Governor, Congressional delegation, the USDA and the local USFS in obtaining these approvals. We particularly appreciate the strong show of support from Governor Parnell and from Senator Mark Begich. This priority permitting will allow the technical team to test high priority targets that can be best accessed by helicopter supported drilling before the end of the field season.

There are currently two underground drills operating at the Niblack Project. The surface drilling program initiated in late May to focus on targets accessible from patented mining claims on the property was put on hiatus. The current approval from the US Forest Service means that the drill program will resume in Q3/Q4.

Peter Kleespies, P.Geol., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Niblack and has reviewed the content of this release.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Corporation�s principal asset is the Niblack advanced stage copper-gold-zinc-silver project. This project is currently joint ventured to and operated by Heatherdale Resources Ltd. (part of the Hunter Dickinson group of companies) which has the right to earn up to a 70% interest in the project.

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 or toll-free 1-888-331-2269
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.

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NIBLACK JOINT VENTURE RECEIVES PRIORITY PERMITTING APPROVAL FROM US FOREST SERVICE

Augusts 22, 2011, Edmonton, AB � Niblack Mineral Development Inc. (�Niblack� or the �Company�) (TSXV: NIB) and joint venture partner Heatherdale Resources Ltd. (Heatherdale) (TSXV: HTR) ) are pleased to report that on August 16, 2011 the US Forest Service Alaska Regional Forester Beth Pendleton announced that exploration drilling at the Niblack Project has been approved to go forward. The permitting approval allows the joint venture to drill test several high priority exploration targets located on federal lands designated as inventoried roadless area. This will complement and significantly enhance the ongoing exploration program at the Niblack Project.

�Today, Forest Service Chief Tom Tidwell approved geotechnical and exploration drilling in inventoried roadless areas for the Greens Creek Mine and the Niblack Mine exploration projects,� said Pendleton. �This approval will allow Greens Creek to continue the expansion of its tailings site and Niblack to continue its exploration.�

�These two projects will help employ Alaskans on important projects while providing crucial environmental safeguards," said Harris Sherman, Undersecretary for Natural Resources and the Environment at the US Department of Agriculture.  "Both the Niblack and Greens Creek projects will have minimal footprints -- less than an acre apiece -- with the potential for substantial boosts to local economies."

The joint venture would like to acknowledge the combined efforts of the Alaska Governor, Congressional delegation, the USDA and the local USFS in obtaining these approvals. We particularly appreciate the strong show of support from Governor Parnell and from Senator Mark Begich. This priority permitting will allow the technical team to test high priority targets that can be best accessed by helicopter supported drilling before the end of the field season.

There are currently two underground drills operating at the Niblack Project. The surface drilling program initiated in late May to focus on targets accessible from patented mining claims on the property was put on hiatus. The current approval from the US Forest Service means that the drill program will resume in Q3/Q4.

Peter Kleespies, P.Geol., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Niblack and has reviewed the content of this release.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Corporation�s principal asset is the Niblack advanced stage copper-gold-zinc-silver project. This project is currently joint ventured to and operated by Heatherdale Resources Ltd. (part of the Hunter Dickinson group of companies) which has the right to earn up to a 70% interest in the project.

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 or toll-free 1-888-331-2269
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.

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Niblack Mineral Development Inc.Discovery Group

Niblack Mineral Development Inc.

PRODUCTEUR
CODE : NIB.V
ISIN : CA65365X1096
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Niblack Mineral est une société de production minière de zinc et d'or basée au Canada.

Niblack Mineral détient divers projets d'exploration au Canada et en Australie.

Ses principaux projets en production sont 3 BLUFFS au Canada et JAURDI HILLS en Australie et ses principaux projets en exploration sont BORDEN et NIBLACK au Canada et JAURDI HILLS (BLACK CAT) en Australie.

Niblack Mineral est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 15,5 millions CA$ (15,5 millions US$, 11,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 23 janvier 2004 à 9,95 CA$, et son plus bas niveau récent le 23 décembre 2011 à 0,16 CA$.

Niblack Mineral possède 35 977 000 actions en circulation.

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Rapports annuels de Niblack Mineral Development Inc.
2008 Annual Report
Financements de Niblack Mineral Development Inc.
04/01/2012Announces Private Placement
Projets de Niblack Mineral Development Inc.
12/01/2012Announces Security holder Approval for Arrangement with Heat...
01/12/2011(Niblack)Supports As Heatherdale Explores Niblack Project Partnership...
31/08/2011(Niblack)Joint Venture Partner Completes Requirments To Secure 60% In...
22/08/2011Joint Venture Receives Priority Permitting Approval From US ...
16/03/2011(Niblack)Larger Niblack Mine Estimates Released
13/07/2010(Niblack)Expands Precious Metals-Enriched VMS Deposit
06/05/2008(Commitee Bay)Exploration Program Set for 2008 Committee Bay Greenstone Be...
30/04/2008(Coolgardie)Concludes Sale of Coolgardie Gold Project for Total Consider...
15/04/2008(Coolgardie)Focus Minerals Shareholders Approve Acquisition of Committee...
13/03/2008(Commitee Bay)Significant Resource Upgrade for Three Bluffs Deposit Commit...
19/02/2008(Coolgardie)Further Resource Upgrade For High-Grade Perseverance Gold De...
30/01/2008(Redemption)Enters Exclusivity Agreement Redemption Joint Venture Proje...
20/12/2007(Redemption)Perseverance Feasibility Study Yields Positive Result Base C...
12/12/2007Further High Grade Drill Results from Perseverance Deposit
31/10/2007(Commitee Bay)Final 2007 Three Bluffs Drilling Results: 9.29 g/t Au over 8...
09/10/2007Upgraded Resource Within the "Tindals Gold Mining Centre"
13/09/2007(3 Bluffs)Three Bluffs Drilling Continues to Expand Resource Potential
05/09/2007New High Grade Intersections Increase Size Potential of Inuk...
Communiqués de Presse de Niblack Mineral Development Inc.
19/01/2012Announces Acquisition by Heatherdale Resources Ltd.
16/12/2011Mails Information Circular
29/11/2011(Niblack)Joint Venture Announces 31% Increase To Total Mineral Resour...
26/10/2011(Niblack)Definitive Agreement Reached between Niblack and Heatherdale
28/07/2011(Niblack)Drilling Continues To Intersect & Expand Mineralization At N...
07/03/2011Announces 54% Increase to Mineral Resources
06/05/2010Amends Warrant Terms
30/07/2008Acquire Key Areas on Borden Project Airborne Magnetics Surve...
20/06/20082008 Committee Bay Exploration Program Initiated
06/02/2008 Will Be Exhibiting at the 2008 Phoenix Resource Investment ...
06/11/2007 Present at the 2007 Money Talks Conference
05/11/20072007 President'sLetter and Corporate Update
18/10/2007 to present at Toronto and New Orleans Investment Conference...
14/09/2007Drill Program Extended at Three Bluffs Deposit
06/09/2007Three Bluffs Drilling Delivers Outstanding Intercepts 19.44 ...
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