Opal Energy Corp.
TSX VENTURE : OPA

Opal Energy Corp.

November 03, 2015 18:00 ET

Opal Energy Corp. Announces Reclamation Plan for Tashota Nipigon Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 3, 2015) - Opal Energy Corp. ("Opal" or the "Company") (TSX VENTURE:OPA) announces that it is finalizing plans for reclamation work at the former Tashota Nipigon Mine site in Northern Ontario. The Tashota Nipigon Mine was acquired by Opal's predecessor company (Tashota Nipigon Mines Ltd.) in 1939. The mine produced in the 1930's and was further explored in the 1960's. The Ontario Ministry of Northern Development and Mines conducted a baseline inspection of the Tashota Nipigon Mine site in October, 2014. Opal was advised by the Ontario Ministry of Northern Development and Mines that the Tashota Nipigon Mine site required further reclamation to meet current rehabilitation standards under the Ontario Mining Act and Mine Rehabilitation Code. Opal has obtained a reclamation estimate of $200,000 from consulting engineers, JDS Energy & Mining Inc. Reclamation will commence shortly. The Company will continue working with its consultants and the Ontario Ministry of Northern Development and Mines to finalize the reclamation plan and have the on-site work completed.

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Contact Information

  • Opal Energy Corp.
    Brandon Boddy
    Director
    (604) 688-7532