B.C. Provincial Government halts mineral exploration in Flathead Valley
Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C.
In his Throne Speech of February 9, 2010, which outlines the B.C. Government’s legislative agenda for the upcoming session, BC Lieutenant-Governor Steven L. Point announced that the Province of B.C. intends to enter into a partnership with the State of Montana regarding the Flathead River Basin and, as a result, “Mining, oil and gas development and coalbed gas extraction will not be permitted in British Columbia’s Flathead Valley”. This action will effectively prevent any further exploration or development of the Company’s Crowsnest gold project, which is located in the Flathead Valley watershed.
“We are surprised and disappointed by the Government’s action,” said Stuart Rogers, President of MAX, “given our outstanding exploration results at Crowsnest in 2009. And we will seek adequate compensation.”
MAX will now resume its focus on gold in Nevada, where drill permitting on three gold exploration projects (Table Top, Diamond Peak and East Manhattan Wash) is already well underway.
