Feb 28 2014
Athabasca Minerals Inc. ("Athabasca" or the "Corporation") is pleased to announce that it has received notification from Alberta Environment and Sustainable Resources Development ("ESRD") that the department has completed its review of Athabasca's silica sand surface material lease application at the Firebag project (the "Firebag Project"). The Firebag Project is located 139 km north of Fort McMurray, Alberta.
The notice confirms that ESRD has, in principle, completed its review of the lease boundary that is approximately 80 acres in size, and forms a part of the larger Firebag Project. Athabasca previously submitted a technical memo documenting development and reclamation and will now provide a Conservation and Reclamation Business Plan ("CRBP") to ESRD for their review before final approval. The CRBP is a normal course requirement of the approval process. The Corporation intends to submit its CRBP in the second quarter of 2014 and will work towards the completion of a National Instrument 43-101 resource report in respect of the Firebag Project.
"This is a very important step towards the development of a significant silica sand project in Northern Alberta," says Dom Kriangkum, President and CEO of Athabasca. "We believe that our Firebag Project is host to high quality silica sand suitable for use as frac sand in the oil and gas industry, and that we have an opportunity to develop the Firebag Project as one of the first major deposits in Canada."
About Athabasca Minerals
The Corporation is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.
Source: http://www.athabascaminerals.com/