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Lappland Goldminers AB (STO:GOLD) The Supreme Environmental Court today announced a correction of its ruling regarding Lappland Goldminers AB's mine and processing plant in Fäboliden in the municipality of Lycksele in Västerbotten.
The correction says at item 2A, condition 8; SEK 40 million will be edited to 40 million tonnes. The ruling (in Swedish): www.lapplandgoldminers.com
On September 17, 2008 the Supreme Environmental Court granted Lappland Goldminers the environmental permit to establish and operate a mine and process plant at Fäboliden.
-In the ruling from the Environmental Court of appeal a typing error has occurred, that gave the impression that almost an additional 40 million SEK was required for reclamation of the mine. Today's ruling has clarified the fact that the reclamation bond for the mine is limited to 0.8 million sek, says Karl-Åke Johansson,CEO.
Lappland Goldminers has previously published a feasibility study for the Fäboliden Gold Project which can be found at: www.lapplandgoldminers.com
For additional information: Karl-Åke Johansson, CEO Ph. +46950-275 01, +4670-625 22 57 karl-ake.johansson@lgold.se
Tomas Björklund, Board Member Ph. +4670-662 35 35 tomas.bjorklund@lgold.se
Also visit: www.lapplandgoldminers.com About Mangold Fondkommission: www.mangold.se
Lappland Goldminers AB is an exploration company and a producing mining company. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommission AB as the Certified Adviser, as well as on the Norwegian OTC list. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company, with centrally located processing plants in Fäboliden and Blaiken, Sweden, and in the Haveri area in southern Finland and Pahtavaara in Northern Finland, supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. Lappland Goldminers is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies.
