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Thursday, September 04, 2008
Darnley Bay Resources Obtains Permit for Exploration
Comtex
TORONTO, ONTARIO, Sep 04, 2008 (MARKET WIRE via COMTEX) ----Darnley Bay Resources Limited ("Company")(TSX VENTURE: DBL) is pleased to announce that the Environmental Impact Screening Committee ("EISC") has determined that its application for exploration of the Darnley Bay Anomaly, for base metals and diamonds, will have no significant negative environmental impact and may proceed without an environmental impact assessment and review.
In June 2008, the Company submitted an application to the EISC for a permit to carry out mineral exploration on the Inuvialuit lands surrounding Paulatuk NT. On September 2, 2008, the EISC issued a letter to the Company stating that subject to a final decision by the licensing or permitting authority, the issuance of appropriate permits and approvals for the exploration program may proceed. On September 4, the Company was informed by the Aurora Research Institute in Inuvik that it had been issued the necessary permit to carry out the work, in accordance with the NWT Scientists Act, subject to the environmental terms and conditions recommended by the EISC.
The exploration program described in the application provides for the following to occur in specified areas of the 7(1)(a) lands and portions of the 7(1)(b) lands selected by the Company (see map at www.darnleybay.com/projects/inuvialuit-settlement.html):
1. Geological sampling - prospecting and sampling for base metals and diamonds over near-surface targets, interpreted from aeromagnetic data and mapped geology.
2. Airborne gravity survey - the survey will greatly improve the density and quality of coverage over the Darnley Bay gravity anomaly, to refine the targets located during the recent 3D modeling, to locate new targets and to prioritize the targets for drilling.
3. Airborne electromagnetic survey - the survey will focus on the gabbro sills that are mapped or interpreted from aeromagnetic data, to locate base metal targets for drilling.
4. Lake bathymetry and river flow studies - required to determine the optimal sources of water for drilling.
The Company is currently soliciting a contractor to supply two drills, crews and equipment for near surface targets and the intrusive source.
The Company was formed in 1993 to explore and develop an area of geophysical significance in the Northwest Territories of Canada. Initial base metal exploration fortuitously resulted in the discovery of diamonds, indicating that the area is host to both metallic and non-metallic mineral deposit interests. The Company's objectives are to secure and maintain successful financing partnerships to continue exploration for both base metals and diamonds that will result in the development of a profitable mining venture.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
Contacts: Darnley Bay Resources Limited Stephen Reford President & CEO (416) 862-7885 (416) 862-7889 (FAX) Email: sreford@darnleybay.com Website: www.darnleybay.com
SOURCE: Darnley Bay Resources Limited
mailto:sreford@darnleybay.com http://www.darnleybay.com
Copyright 2008 Market Wire, All rights reserved.
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