TORONTO, ONTARIO -- (Marketwire) -- 02/25/13 -- Orvana Minerals Corp. (TSX: ORV) ("Orvana or the Company"), through its wholly-owned subsidiary, Orvana Resources US Corp ("Orvana USA"), is pleased to report that the Michigan Department of Environmental Quality ("MDEQ") has granted the Wetlands Part 303 and the Inlands Lakes and Streams Part 301 permits for the proposed Copperwood copper mine, Upper Peninsula, Michigan, USA.
"Orvana is pleased that the MDEQ has granted this permit," said Jim Jacques, Chief Operating Officer of the Company and General Manager of Copperwood. "The interaction and dialogue with the MDEQ, as well as their interaction with the Environmental Protection Agency, resulted in a permit that not only includes the creation and preservation of a significant acreage of wetlands proximal to the Copperwood project, but clearly outlines parameters for the proposed mine to be operated in an environmentally-responsible manner as well. We thank the local communities, local businesses, local officials, and especially Gogebic County officials, along with state legislatures and officials for their continued support of our efforts to make a mine in this area a reality."
General aspects of the permit can be viewed on the MDEQ website at www.michigan.gov.
Orvana Minerals is a multi-mine gold and copper producer. Orvana's primary asset is the El Valle-Boinas/Carles gold-copper Mine in northern Spain and operates the Don Mario Upper Mineralized Zone Mine in Bolivia, which is a copper-gold-silver deposit. Orvana is also advancing its Copperwood copper project in Michigan, USA. Additional information is available at Orvana's website (www.orvana.com).
Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might", "will" or "are projected to" be taken or achieved) are not statements of historical fact, but are forward-looking statements.
Forward-looking statements relate to, among other things, all aspects of the development of the Upper Mineralized Zone ("UMZ") deposit at the Don Mario Mine in Bolivia, the El Valle-Boinas/Carles Mine in Spain and the Copperwood project in Michigan and their potential operations and production; the outcome and timing of decisions with respect to whether and how to proceed with such development and production; the timing and outcome of any such development and production; estimates of future capital expenditures; mineral resource estimates; estimates of permitting time lines; statements and information regarding future feasibility studies and their results; production forecasts; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification; future production costs; future financial performance, including the ability to increase cash flow and profits; future financing requirements; and mine development plans.
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