Posted in | Mining Business

Avanti Mining, Wilp Luxxhon Sign Memorandum of Understanding Related to Kitsault Mine Project

Avanti Mining Inc. and its wholly owned subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MOU") with the Wilp Luxxhon related to its proposed Kitsault Mine Project.

"This understanding with the Wilp Luxxhon is a reflection of our hard work and determination to support First Nations and local communities in meaningful ways," said Avanti's President and CEO, Mark Premo. "We look forward to implementing the components of the MOU which will provide sustainable economic benefits to the Wilp Luxxhon people and will support further development of the Kitsault Mine Project."

Terms of the MOU include:

  • Provision of certain road maintenance contracts to Wilp Luxxhon contracting services.
  • Supporting Wilp Luxxhon efforts to develop a Road Maintenance Contractor business through the provision of funds which will be used to prepare business plans.
  • Providing mine training opportunities to Wilp Luxxhon people.

Wilp Luxxhon Chief, Don Russell, said, "Avanti is a fair and conscientious mining company. We are looking forward to implementing this MOU in a way that brings multiple benefits to our people."

Avanti is focused on the development of the past-producing Kitsault molybdenum mine located north of Prince Rupert, British Columbia. The Kitsault Mine Project received an environmental assessment certificate from the province of British Columbia in March 2013. A federal environmental assessment decision is expected in the near future.

For further information, please visit www.avantimining.com.

Source: http://www.avantimining.com/

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