Eros Resources Corp. (TSX.V: ERC) (“Eros” or the “Company”) reports that the Department of the Navy of the United States Department of Defense recently issued a notice of its intent to conduct an environmental impact statement (“EIS”) regarding the proposed expansion of the Fallon Range Training Complex. The Company’s Bell Mountain Project consists of unpatented mining claims which are located on federal lands within the proposed EIS area. The Company is presently evaluating the notice and is conferring with various parties regarding the purpose of the notice and the potential effect on current users of the public lands. The Company intends to participate in the public comment process in order to ensure that the Department of the Navy is aware of the Company’s activities, the Company’s rights as they exist under the Bell Mountain Project’s unpatented mining claims, and the Company’s identification of a valuable deposit of minerals on the mining claims which warrants the exclusion of the project from the proposed expansion.
The public scoping process starts with the publication of the notice of intent respecting the EIS. Seven open house information sessions are scheduled to receive oral or written comments on issues to be taken into consideration during EIS preparation. All comments on the EIS must be received no later than November 25, 2016.
The Company will keep our shareholders current regarding this threat to our investment. Eros was in the final planning to commence a Preliminary Economic Assessment (“PEA”) of the Bell Mountain Project and intends to continue with its planned PEA and other activities focused on establishing the value of this project. The project is held by Bell Mountain Exploration Corp. a wholly owned subsidiary of Eros.
Eros Resources Corp. is a well-financed Canadian public company focused on the exploration and development of mineral deposits in North America. Eros also holds an investment portfolio which includes 48,690,111 shares of Skeena Resources Limited, which is advancing exploration on 3 exciting projects, Spectrum, GJ and Snip, in the Golden Triangle of the Stikine Arch of northwestern British Columbia.
On Behalf of the Board of Directors of
EROS RESOURCES CORP.
Ron Netolitzky, President & CEO
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.
|For further information contact: Ron Netoilitzky, President/CEO or Tony Perri - Investor Relations, Manager|
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