The Conversation (0)
Apella Resources Inc. (CVE:APA,PINK:APAFF,FRA:NWN) reports that it has won the decision on all nine mining claims which it was seeking in the Lac Dore vanadium-iron-titanium deposit.
The press release is quoted as saying:
The decision of the Quebec court arises out of a staking rush over the prized Lac Dore claims in August, 2007. At that time Apella and another competing party sought to stake the same claims covering the Lac Dore deposit.
Apella’s CEO, Patrick D O’Brien, ICD.D says:
“This is precisely the outcome we sought, nothing more, nothing less. Judge Francois Godbout, J.C.Q. made a just and appropriate decision which now allows Apella to expeditiously focus on the development of the Lac Dore. In concluding this lengthy multi-year process Apella has rightfully gained entitlement for its shareholders to the near entirety of the Lac Dore, notably, the world’s second largest vanadium deposit. Apella’s Board and Management wish to extend their sincere gratitude to all of the planners, stakers, geologists, legal advisors, and consultants; and especially our patient and devoted shareholders for standing by and supporting us through this long but achievable undertaking. Our goal has been achieved.”
Click here to access the entire news release.