SPOKANE VALLEY, WA, Jan. 7 /PRNewswire-FirstCall/ - Revett Minerals Inc. (RVM-TSX) ("Revett" or "the Company") 67% held subsidiary, Revett Silver Company, and its wholly owned subsidiary RC Resources Inc. is pleased to announce it has received notice from the Montana Department of Environmental Quality (MDEQ) that the draft Environmental Assessment (EA) covering final design modifications of the Rock Creek Project, located in Sanders County Montana, has been approved as final with several stipulations. This completes all permitting sought by Revett for the Project. Subject to posting of the reclamation bond, implementation of the stipulations and completion of ongoing litigation, this approval allows the Company to proceed with the first phase of the Rock Creek Project. This first phase consists of only 10.6 acres of surface disturbance needed at the adit site for underground delineation of the deposit to confirm continuity of mineralization and other final design parameters. All facilities will be located outside of the Cabinet Mountain Wilderness area and Revett has already installed some basic infrastructure located on private lands.
Revett is currently progressing through ongoing litigation regarding legal challenges to the Record(s) of Decision and Biological Opinion for Rock Creek and a decision from the U.S. District Court is pending. The Rock Creek Project will be an underground copper-silver mine similar to the Troy Mine and will employ about 250 to 300 workers.
The Troy Mine, located 15 miles southwest of Troy in Lincoln County, is also an underground copper-silver mine and employs 180 workers operated by Genesis, Inc., also a subsidiary of Revett Silver.
Except for the statements of historical fact contained herein, the information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of silver and copper, the estimation of mineral reserves , the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to environmental laws and regulations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver and copper, as well as those factors discussed in the section entitled "Risk Factors" in the Annual Information Forms on file with the Ontario Securities Commission and the Form 10 filed with the Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE REVETT MINERALS INC.
