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Haiti - Economy : Gold mining exploitation permit - Morne Bossa
26/12/2012 08:10:09

Haiti - Economy : Gold mining exploitation permit - Morne Bossa
VCS Mining and its wholly owned subsidiary, Delta Société Minière S.A. announces the awarding of a gold mining exploitation permit issued by the Haitian Government for its Morne Bossa project. This is the first permit of their kind issued in over 50 years. "We would like to thank President Martelly, Prime Minister Lamothe, and especially the Director general of the Bureau of Mines, Mr. Remarais, for their cooperation, vision and commitment to the development of Haiti’s natural resource base," commented VCS CEO Angelo Viard. "The government’s commitment to responsible development of the country’s vast natural resource base will be a major contributor to economic development, employment, and the welfare of the Haitian people."

Under Haitian mining law, an Exploitation Permit is valid for five years, and renewable up to 25 years. If further resources are discovered within the permitted area, the law allows additional renewals for up to 10 years.

"The first priority of Haitian governmental officials is to ensure the proper framework for sustainable development of these resources, which include environmental protections and the development of the most valuable asset of this nation, its people. We believe our business practices fulfill all official requirements and we look forward to working with national and local officials to create a meaningful impact on the citizens of Haiti through employment, training, and other social benefits. Our plan is to grow, strengthen, and positively impact local communities and surrounding areas," added Mr. Viard.

1- First and foremost reassess and update the current social economic development plan with our partners to ensure that the Haitian people will have a direct role in the development process.

2- Continue to work with the Haitian national government and local government entities to create a successful development plan.

3- Conduct further drilling, assays and metallurgical surveys to further evaluate the depth and width of the remaining area of the property. Our goal is to maximize the extraction of the deposit, which will have a direct impact on the Haitian economy.

4- Conduct an updated environmental assessment based on World Bank standards to ensure that a safeguarding process is in place to protect the Haitian environment and people.

5- Provide employment, support, education, and training to Haitian citizens.

Mr. Viard believes that VCS will be ready for production within 24-32 months, and that the mining industry in general will play a major role in Haiti’s future development and growth. "Mining should be pursued with a clear understanding of what is best for the environment and the people of Haiti."

Recall that two other mining permits in Haiti [gold and copper] were awarded to the Haitian society "Société Minière du Nord-Est S.A" (SOMINE S.A) [company partner of Majescor Resources Inc. (Majescor) and its wholly owned subsidiary SIMACT Alliance Copper-Gold Inc. (SACG)]

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