TORONTO, ONTARIO--(Marketwire - Oct. 22, 2012) - Chieftain Metals Inc. ("Chieftain" or the "Company") (TSX:CFB) is pleased to report that the British Columbia Minister of the Environment and the Minister of Energy, Mines and Natural Gas have approved an amendment to the Company's existing Environmental Assessment (EA), which includes the alternate access road route for the Tulsequah Chief Project in British Columbia.
Mr. Keith Boyle, P.Eng., Chieftain's COO stated, "We are pleased with the Minister's approval and with the support of the B.C. Environmental Assessment Office. This is another important step in moving Tulsequah Chief toward construction."
The amended EA addresses the realignment of a section of the currently permitted Mine Access Road from Kilometre 57, north of the mine site, to connect with the existing provincial road network at the end of the Warm Bay Road, south of the town of Atlin, BC. Chieftain considers the re-alignment to offer significant reductions in potential environmental and cultural impacts compared to the previously approved route, as it will allow a 35 km reduction in new road construction, reduce the number of stream crossings by 24, avoid sensitive caribou habitat and eliminate any crossing of the TRTFN Nakina Heritage Trail.
A Special Use Permit (SUP) Amendment Process has run in parallel with the EA Certificate Amendment, and the Company has maintained an open dialogue with regulators and the TRTFN through participation in the North-Western Mine Development Review Committee. With the EA Amendment now completed, the Company expects to receive an amended SUP for the new road alignment in early course.
About Chieftain Metals Inc.:
Chieftain Metals Inc.'s principal business is the acquisition, exploration and development of mineral properties. Since incorporation, the Company's business has focused entirely on the acquisition, and thereafter the development, of the Tulsequah Chief Polymetallic Project, in north-western British Columbia, Canada. The Tulsequah Project consists of 38 mineral claims and Crown-grants covering approximately 14,220 hectares and covers two previously producing mines. For more information on the Tulsequah Project, please refer to the Company's NI 43-101 compliant technical reports, "Tulsequah Chief Deposit, Tulsequah Chief Property, Northern British Columbia" and "Big Bull Project, Tulsequah Chief Property, Technical Report, Northern British Columbia", each dated as of November 8, 2010 and available under the Company's profile on SEDAR (www.sedar.com).
This press release includes certain "forward-looking statements" within the meaning of the Ontario Securities Act or other laws or regulations. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, mineral resources or reserves, exploration results, future plans and objectives of Chieftain Metals Inc. are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.