The second cycle of Pebble Fund grants follows a
"The Pebble Fund presents the Pebble Partnership with an effective means of working with local communities to strategically invest in projects that demonstrably improve socioeconomic opportunities and quality of life in southwest
The Pebble Fund is administered by the non-profit Alaska Community Foundation, with grant criteria and successful recipients determined by an independent advisory board of citizens representing communities from throughout the Bristol Bay region. Awards fall into four primary categories: renewable resources/fish; energy; education; and community and economic development.
Some of the projects receiving funding during the fall 2009 cycle of Pebble Fund grants include: the second phase of a Bristol Bay Elders Action Group Community Food Bank project to enhance dry goods storage and distribution of traditional foods; a project to increase access to safe drinking water and improve public health in the
The Pebble Fund was established in
"The Pebble Partnership made a commitment to help the people of Bristol Bay before we even have a project, and adopted that commitment as a core principal in how we will operate," said Pebble Partnership CEO
Northern Dynasty is a mineral development company, based in
Ronald W. Thiessen President & CEO Sole Responsibility No regulatory authority accepts responsibility for the adequacy or accuracy of this release. Northern Dynasty is solely and entirely responsible for the contents of this news release. No other party, including any parties which have an interest in the project, are in any way responsible for the contents hereof. Comments on Forward Looking Information, Estimates and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, especially those that address estimated resource quantities, grades and contained metals, are forward-looking statements because they are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers, which has occurred only in specific areas on the Pebble Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for underground workings and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.
SOURCE Northern Dynasty Minerals Ltd.