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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Fed Decision Close On NW Transmission Line

By 250 News
Friday, March 04, 2011 04:02 AM

Prince George, B.C. - With the announcement of a deal between B.C. Hydro and the Nisga'a on the placement of the proposed northwest transmission line, the fate of the project now rests with Ottawa...

B.C.'s Forests, Lands, and Mines Minister, Pat Bell, was one of two decision-makers involved in the provincial environmental assessment - he and Environment Minister Murray Coell gave their 'thumbs up' at the end of last month. The project, which development experts in the north say could lead to up to $15-billion dollars in investments, is now awaiting federal approval.

Bell says he expects that decision in the not-too-distant future. "We were in touch with the federal government and certainly the indications we were getting was that they were within days, perhaps, a week or two at the most away from being able to make a decision, so I think, particularly with the announcement...that the Nisg'aa have now reached conclusion on their agreement on the routing of the power line, that we'll see that happen very quickly."

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