Skyline Gold Corporation

Skyline Gold Corporation

March 05, 2008 09:30 ET

Skyline Completes First Stage of Water Licence Application for Bronson Creek

Skyline working towards developing or acquiring an energy infrastructure

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 5, 2008) - Skyline Gold Corporation ("Skyline") (TSX VENTURE:SK) engaged in the business of exploring for precious and base metals from its properties in northwestern British Columbia's 'Golden Triangle' announces that it has begun a process to develop or acquire the amount of power required to operate Skyline's proposed Bronson Creek gold/copper mine.

This application is for a water licence to generate up to 2.6 MW of power from Bronson Creek. Bronson Creek will not supply all the power required for the Bronson Slope Project consequently the company has filed water licence applications on other creeks with sufficient generating potential to meet the company's power needs. The company has initiated the collection of detailed hydrological data on Bronson Creek in advance of a feasibility study.

The decision to acquire water licences to generate power is consistent with a long history of mining in BC. Company owned and operated generators produced power for many mines in remote locations in BC and Skyline is renewing this tradition with the acquisition of water licences in the vicinity of Bronson Slope.

Alaskan power is also a potential source of hydroelectricity and several studies have been concluded with respect to a BC/Alaska intertie and export of power (Southeast Alaska Energy Export Study, May 1, 2006). The route of the proposed transmission line in this study would traverse Skyline's Bronson Slope property. The company is supportive of the project.

In the event that NovaGreenPower's Forrest Kerr run-of-river hydroelectric project goes ahead and interconnects with the BC Transmission Company grid, Skyline will revisit its option to interconnect to the BCTC grid under its agreement with NovaGreen.



Cliff Grandison, Chairman and Chief Executive Officer

Cautionary Statement

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfil such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Skyline Gold Corporation
    Jeff Smulders
    President & CFO
    (604) 270-3878
    (604) 270-3858 (FAX)