Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
TORONTO, ONTARIO–(Marketwire – Nov. 6, 2012) –
Editors Note: There is a photo accompanying this press release.
Solid Gold Resources Corp. (“Solid Gold”) (TSX VENTURE:SLD) reports:
On January 25, 2013, the Divisional Court of Ontario will hear an Appeal to set aside the order of the Honourable Madam Justice Brown made on January 3, 2012.
The Company will argue that the motions judge erred in finding that Solid Gold had a duty to consult the Wahgoshig First Nation (“FN”). The Appeal is following up a successful Motion for Leave to Appeal where on September 4, 2012 the Court wrote:
| “I see no basis in the facts of this case for an imposition of a duty to consult on Solid Gold. If the Crown wishes to delegate operational aspects of its duty it must establish a legislative or regulatory scheme. The mining act does not presently contain such a scheme.” |
The Appeal seeks to set aside the Order of Madam Justice Brown and to obtain an order for costs of the Appeal and costs of the earlier motions payable to Solid Gold.
The Company continues to call upon the Ontario government to declare that it has met its constitutional duty to consult and accommodate FN where required.
“Solid Gold is eager to delineate the high-grade gold discovery made at Lake Abitibi last year”, stated Darryl Stretch, CEO.
Business of Solid Gold Resources Corp.
Solid Gold is a junior mining exploration and development company, which controls a +/-200-square-kilometer prospect hosting a high-grade gold discovery and potential for multiple deposits of economic mineralization at Lake Abitibi in Ontario.
To view the photo accompanying this press release, please visit the following link:
http://www.marketwire.com/library/20121106-831655800.jpg
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
