Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

GREY:SRSIF - Post by User

Strateco Resources Inc

Bullboard Posts

Comment by Messengerofdoomon Nov 29, 2010 7:56am

276 Views

Post# 17769336

RE: Short this dog, true news in French ici mon am

French to English translation

The nation Mistissini is against the proposed uranium exploration as mining Strateco Resources wants to develop its territory. Chief Richard Shecapio announced Tuesday night during a public hearing held in the community.

At about 275 km north of Chibougamau, in the heart of the Monts Otish, Quebec society develops Strateco Matoush project, which could become the first uranium mine in Quebec.

The mining must first obtain the necessary permits for the construction of an exploration ramp. The ramp will allow it to confirm existing resources to determine if an operation is possible and profitable. Public hearings, which will continue Thursday in Chibougamau, are organized by committees of provincial and federal review or not authorize the issuance of permits under the Convention of the James Bay and Northern Quebec Agreement.

Before the commissioners, Richard Shecapio said after a meeting Monday night in the community, the Cree Nation had decided to oppose the project. His announcement has generated a burst of applause in the room where hearings are held.

Citing the long-term effects on the environment and animals, he explained that Shecapio uranium exploration "was contrary to fundamental values Cree."

The chief said he was disappointed with the answers provided by Strateco in the process of community consultation. "Strateco has failed to involve the community," said Shecapio. Strateco has failed to win people's trust. "

The chief also reminded the proposed creation of a huge conservation park in the region. He feared such a coexistence between national park and a mining project nearby.

"We did not expect this," said President and CEO of Strateco, Guy Hebert at the end of the hearing where all stakeholders have expressed their opposition. He expected more visibly support. "The project is not dead yet, but we will meet to see where we were weakest in the transmission of information," he told participants.