Forsys Metals Corp
TSX : FSY
FRANKFURT : F2T

Forsys Metals Corp

September 20, 2007 12:11 ET

Forsys Signs Environmental Contract for Valencia Uranium Project

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2007) - Forsys Metals Corp. (TSX:FSY) ("Forsys" or the "Company") is pleased to announce that an agreement has been signed with Digby Wells & Associates (Pty) Ltd. ("DWA") to conduct the remainder of the Environmental Impact Assessment ("EIA") and prepare an Environmental Management Plan ("EMP") for the Company's wholly-owned Valencia Uranium Deposit ("Valencia") in Namibia, Africa. DWA is a South African firm which provides sustainable social and environmental solutions and has a demonstrated track record in undertaking independent environmental studies and assessments for exploration and mining companies.

Detailed information relating to the biophysical, social and economic conditions of the area is being gathered through various specialist studies. The information will be used to identify and evaluate possible impacts associated with the construction and operational phases of Valencia, as well as to guide the planning and implementation of environmental mitigation and rehabilitation after mine closure. Specialist studies related to radiation and hydrogeology are ongoing, as well as data collection required for air quality assessment and dispersion modelling. Other specialist studies are addressing potential air, water, soil and noise pollution, together with any socio-economic and visual impacts. Specialist studies to be concurrently conducted pertain to fauna, flora and avifauna, archaeology, health and safety, waste; legal and international environmental best practice, administrative requirements, and the associated costs for rehabilitation and mine closure options. The cumulative impacts of the existing, developing and proposed uranium mines in the area will also be taken into consideration.

It is anticipated that the EIA will be completed by November of 2007 with the EMP scheduled for completion in the first quarter of 2008. The completed EIA and EMP will then be submitted to the Namibian Directorate Environmental Affairs, Ministry of Environment and Tourism, as well as to the Ministry of Mines and Energy.

Forsys CEO Duane Parnham stated, "We are pleased about engaging Digby Wells to complete the environmental work for Valencia. The progress to date and ongoing work in connection with the completion of the EIA and EMP support the Company's application for a mining license."

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Contact Information

  • Forsys Metals Corp.
    Duane Parnham
    Chairman/CEO
    (416) 601-1286
    or
    Forsys Metals Corp.
    Bruce Hall
    Chief Communications Officer
    (416) 601-1286