NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, May 15 (Bernama-GLOBE NEWSWIRE) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”) wishes to announce that it has engaged several engineering firms to investigate four alternatives to the Wardrop 2008 feasibility study (“2008 FS”), with the aim to improve project economics and reduce the construction timing. The most significant change to the 2008 FS is to construct the ore processing plant and ancillary plant site infrastructure facilities at an overseas shipyard on barges and locate the barges at suitable constructed sites at either the North or South access route tidewater locations.
The four alternative operating scenarios are described below and consider two well established mining methods (open pit and underground block cave) with two different access routes to transport ore from the deposit to the tidewater ore processing facility. The two access routes under consideration are the North access route with a distance of 25 km and South access route of 85 km.
TORONTO, May 15 (Bernama-GLOBE NEWSWIRE) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”) wishes to announce that it has engaged several engineering firms to investigate four alternatives to the Wardrop 2008 feasibility study (“2008 FS”), with the aim to improve project economics and reduce the construction timing. The most significant change to the 2008 FS is to construct the ore processing plant and ancillary plant site infrastructure facilities at an overseas shipyard on barges and locate the barges at suitable constructed sites at either the North or South access route tidewater locations.
The four alternative operating scenarios are described below and consider two well established mining methods (open pit and underground block cave) with two different access routes to transport ore from the deposit to the tidewater ore processing facility. The two access routes under consideration are the North access route with a distance of 25 km and South access route of 85 km.
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