India approves PEB''s Askot LeaseGovernment of India Approves Pebble Creek's Askot Mining Lease
Tue Oct 9, 1:31 PM
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VANCOUVER, Oct. 9 /CNW/ - Pebble Creek Mining Ltd. (the "Company") is pleased to announce that the Indian Ministry of Mines has approved the Company's Mining Lease application on 386 Hectares at Askot and has returned it to the State of Uttarakhand for granting. Central government approval opens the way for the relevant authorities to process other permits and clearances such as environmental, forest and the Company's mining plan. The Company has drafted all of these applications and has already submitted some of them.
Drilling is proceeding at the Company's Askot and Gadarwara prospects under supervision of Andrew E. Nevin, P.Eng., a Qualified Person under NI 43-101.
At the Company's Annual General Meeting on September 27, 2007, Douglas A. Nevin was elected as a director to fill the vacancy left by the resignation of David C.M. Bell prior to the AGM. Mr. Nevin is a businessman resident in North Vancouver.
The Company is well funded and committed to exploration and mine development in India. In addition to holding Askot and Gadarwara, it holds title to one other prospect and has 16 applications pending on a total of more than 14,000 square kilometres.
On Behalf of the Board
Gyan C. Singhai, P.Eng.
Executive Chairman