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GOLDNEV RESOURCES INC V.GNZ



TSXV:GNZ - Post by User

Bullboard Posts
Post by rich471on Jun 24, 2008 3:34pm
610 Views
Post# 15223639

About the coal permits (from Marc).

About the coal permits (from Marc).Mr. Dame confirmed his beliefs with the Saskatchewan government. You can either hold a permit for coal or the oil shale but not both, however no one else can apply for a coal permit on their lands 

He states:  "The permitting regulations with regards to coal or oil shale is that it
is an either / or situation, so you need to either permit for shale or
coal but you can't do both. Since we have the existing permits for oil
shale no one else can receive a permit for coal including Goldnev until
that permit is relinquished. Once or if the oil shale permit is
relinquished then the first application that makes the request gets the
permit."

Which means that if they find no shale on other sections they can quickly apply for a coal permit.

He adds however: "we can drill pass the oil shale by making an application to
do so and drill to test for coal, shale gas etc... and this is something
we may decide to do on a limited basis" 


The possibility of coal on the property. "It is likely that we have coal on our property as it extends though out
much of the Province and it would be an interesting area to pursue on
some parts of our existing permits especially areas that we find do not
contain oil shale."

rich47
Bullboard Posts