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Formation granted access to Blackbird mine site
2005-07-04 16:56 ET - News Release
Ms. Mari-Ann Green reports
COURT WILL ISSUE ORDER GRANTING FORMATION ACCESS ACROSS BLACKBIRD MINE SITE
On June 30, 2005, Judge James Herndon, Seventh Judicial District of the State of Idaho, Lemhi county, ordered Noranda to allow access across the Blackbird mine site so that Formation Capital Corp. may continue with the Idaho cobalt project exploration drilling and proceed with permitting and construction of the company's exploration decline for bulk sampling. He instructed Formation and Noranda Mining to seek to reach an agreement on language for a court order providing the company with such access. In the event that the company and Noranda are unable to reach agreement on the language for such an order within 10 days, then Judge Herndon will draft and issue the court order. Pending further judicial determinations, Judge Herndon will rule on access across the Blackbird mine site for all purposes pursuant to Idaho Code Title 47, Chapter 9, concerning "rights of way and easements for development of mines."
As stated in a June 28 news in Stockwatch, the company has brought the court action in Lemhi county seeking formal access across the Blackbird mine site for all purposes pursuant to Idaho Code Title 47, Chapter 9, concerning "rights of way and easements for development of mines." The Blackbird mine site is owned by Noranda. The June 28 news in Stockwatch stated that the company was optimistic that any questions about access will be addressed expeditiously. Judge Herndon's prompt initial action suggests that the company's original assessment was correct.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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I got in @ .32 early this am and it is has droped back to .29- gotta think its a strong buy down here. Still a farily large short position here but I believe they will start covering bigtime once more permitting news is out.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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