Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Sept. 7, 2012) – Solid Gold Resources Corp. (“Solid Gold”) (TSX VENTURE:SLD) reports that the Superior Court of Justice in Ontario has released an important decision in favour of the Company. Mr. Justice Wilton-Siegel granted Solid Gold leave to appeal the January 3, 2012 injunction order, ruling that there is good reason to doubt the correctness of such order.
“The decision is material and should be of significant interest to all resource-based companies operating on Crown land in Canada,” stated Darryl Stretch, President of Solid Gold. “The judgment is a significant legal victory in our mission to explore the camp scale potential on the Lake Abitibi, Ontario, property.”
The ruling relied on the Supreme Court of Canada decision in Haida (2004) in expressing the view that third parties such as Solid Gold have no duty to consult First Nations. (Ruling here)
We are very grateful to Fasken Martineau in their effort on behalf of the Company and we thank all shareholders who continue to support us while we get back to the serious business of establishing the full potential on the property and further test the extent of the SG 09 high-grade gold discovery.
Business of Solid Gold Resources Corp.
Solid Gold is a junior mining exploration and development company, which controls a +/-200-square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.
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.
