Published:
Oxbow Resources Announces Application for Water Permit on Bristol Gold Property
Oxbow Resources Announces Application for Water Permit on Bristol Gold Property
Bristol Gold Property to Benefit from Abundant Energy & Improved Roads
Oxbow Resources (PINKSHEETS: OXWR), a company
that is using innovative geological concepts and exploration
technology to discover new gold and silver resources in
well-established mineral belts, announced today that Max Pacific
Power Inc. has applied for a water permit to build an 8 MW
Run-of-River small scale hydro project on Tommy Creek, which runs
through the Bristol Gold property. The construction of such power
plant would provide improved infrastructure on the property, cheap
and clean electricity and road improvements for exploration and
mining of the Bristol Gold Project.
"The construction of this small scale hydro project will be
beneficial to Oxbow's exploration and development plans," Leonard D.
Fong, President and CEO of Oxbow Resources, commented. "While
building the power plant, road improvements will be made, allowing
for better access for our exploration team. Also an environmentally
clean power source in such close proximity is a dream for any
exploration company."
Mr. Fong stated, "We look forward to working with Max Pacific Power
to build a strong and mutually beneficial relationship as Oxbow
continues towards its goal of discovering and excavating a gold
deposit on the Bristol Gold property"
Oxbow Resources focuses on the acquisition and development of
high-quality gold properties in North America and other continents.
The company's flagship property is the Bristol Gold project located
in British Columbia, Canada. This project has a very promising 43-101
report which can be viewed at the company website. Bristol Gold is
located less than 20 kilometers away from the Bralorne-Pioneer gold
mine --historically, the largest gold mine in western Canada.
Forward-Looking Statement
All statements, other than statements of historical fact, in this
news release are forward-looking statements that involve various
risks and uncertainties, including, without limitation, statements
regarding the potential extent of mineralization and reserves,
exploration results and future plans and objectives of Oxbow
Resources Ltd. These risks and uncertainties include, but are not
restricted to, the amount of geological data available, the uncertain
reliability of drilling results and geophysical and geological data
and the interpretation thereof and the need for adequate financing
for future exploration and development efforts. There can be no
assurance that such statements will prove to be accurate. Actual
results and future events could differ materially from those
anticipated in such statements. These and all subsequent written and
oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should circumstances
or management's estimates or opinions change.
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