Trading Symbol - NMD.V
VANCOUVER, Jan. 6, 2015 /CNW/ - Nomad Ventures Inc.
(the "Company") is pleased to provide the following corporate
update on the Company's St. Vincent Bay Aggregate Property located
at Jervis Inlet on the Sunshine
Coast of British
Columbia.
In April, 2014, Nomad Ventures Inc. submitted an application for
a Mines Act Approval to the Ministry of Energy and Mines
(MEM). This application included a detailed Notice of Work
and Reclamation Program (NOW), including a description of the
proposed aggregate extraction work and plans for reclaiming the
site.
The Ministry sent referrals to all affected municipal, first
nation, federal, and provincial government departments for comments
on Nomad's proposed operation. Nomad was required to provide
public notification of the project in local newspapers and the BC
Gazette.
Response to the referrals was favorable, with no significant
objections to the proposed work. The local First Nation Band
that was contacted by the MEM has established rules and procedures
for the approval of any development activities within their
territory. In response to the MEM referral, the Bands offices
communicated their criteria for meaningful consultation and
engagement with Nomad.
Nomad has met with and begun the process of engaging the local
First Nations Band by following their protocols on land that is
located within their territory. The Company entered into two
Service Agreements (contracts) for Preliminary Field Reconnaissance
(PFR) work at the St. Vincent Bay Property including an
Environmental Assessment and an Archeological Study of the mine
footprint and surrounding area. This work has been completed
and copies of the reports have been forwarded to the MEM.
In October, 2014, Nomad purchased a 75 foot, 120 tonne barge
loading ramp which is a vital component for loading aggregate onto
barges up to 10,000 tonnes in capacity.
In December, 2014, Nomad began preliminary discussions to lease
a property in Lower Mainland, BC to offload all aggregate products
from St. Vincent Bay.
Mr. Brent Forgeron, President and
CEO states "We are extremely pleased with the progress and
milestones that were met in 2014 and look forward to completing the
final stages of permitting and approval for production at St.
Vincent Bay. Finally, I would like to thank our Shareholders
and Investors for their continued support and look forward to a
very prosperous 2015."
On behalf of the Board of Directors,
"Brent Forgeron"
President/CEO
Nomad Ventures Inc.
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Nomad cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number
of material factors, many of which are beyond Nomad's control. Such
factors include, among other things: risks and uncertainties
relating to Nomad's limited operating history. Accordingly, actual
and future events, conditions and results may differ materially
from the estimates, beliefs, intentions and expectations expressed
or implied in the forward looking information. Except as required
under applicable securities legislation, Nomad undertakes no
obligation to publicly update or revise forward-looking
information.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Nomad Ventures Inc.