Mar 12 2014
Morien Resources Corp. ("Morien" or the "Company"), is pleased to provide an update on its two core projects, the Black Point Aggregate Project and the Donkin Coal Project.
Black Point Aggregate Project
On February 28, 2014 Morien submitted a Project Description document to the Canadian Environmental Assessment Agency ("CEAA") for the Black Point Aggregate Project in Guysborough County, Nova Scotia. Commencing today, CEAA will conduct a 45 day review of the Project Description, including a 20 day public comment period, to determine if a federal environmental assessment of the Project is required. The Black Point Aggregate Project is ideally suited for the development of an export crushed stone quarry to provide material to the US construction aggregate market.
Details regarding the Black Point Aggregate Project are available on CEAA's website (link) and on Morien's website (link).
Donkin Coal Project
The Company has been actively working with Glencore and Government on the Donkin Coal Project to arrive at an agreement that allows for initial development. Notwithstanding a challenging process, Morien continues to dedicate substantial resources to advancing these negotiations and remains confident that an arrangement can be reached between the Company and Glencore resulting in a change of ownership for the Donkin Coal Project and moving the Project to the start of production.
About Morien
Morien is a Canadian company focused on creating value through the identification, acquisition and advancement of strategically located projects that host commodities with strong market fundamentals. Its principal asset is a 25% interest in the Donkin Coal Project in Nova Scotia. Morien has 49,256,240 issued and outstanding common shares and a fully diluted position of 53,211,240.
Source: http://www.morienres.com/