Morien Updates on Two Core Projects
11 Marzo 2014 - 3:49PM
Marketwired
Morien Updates on Two Core Projects
HALIFAX, NOVA SCOTIA--(Marketwired - Mar 11, 2014) - Morien
Resources Corp. ("Morien" or the "Company") (TSX-VENTURE:MOX), is
pleased to provide an update on its two core projects, the Black
Point Aggregate Project and the Donkin Coal Project.
Black Point Aggregate Project
On February 28, 2014 Morien submitted a Project Description
document to the Canadian Environmental Assessment Agency ("CEAA")
for the Black Point Aggregate Project in Guysborough County, Nova
Scotia. Commencing today, CEAA will conduct a 45 day review of the
Project Description, including a 20 day public comment period, to
determine if a federal environmental assessment of the Project is
required. The Black Point Aggregate Project is ideally suited for
the development of an export crushed stone quarry to provide
material to the US construction aggregate market.
Details regarding the Black Point Aggregate Project are
available on CEAA's website (link) and on Morien's website
(link).
Donkin Coal Project
The Company has been actively working with Glencore and
Government on the Donkin Coal Project to arrive at an agreement
that allows for initial development. Notwithstanding a challenging
process, Morien continues to dedicate substantial resources to
advancing these negotiations and remains confident that an
arrangement can be reached between the Company and Glencore
resulting in a change of ownership for the Donkin Coal Project and
moving the Project to the start of production.
About Morien
Morien is a Canadian company focused on creating value through
the identification, acquisition and advancement of strategically
located projects that host commodities with strong market
fundamentals. Its principal asset is a 25% interest in the Donkin
Coal Project in Nova Scotia. Morien has 49,256,240 issued and
outstanding common shares and a fully diluted position of
53,211,240. Further information is available at
www.morienres.com.
Forward-Looking Statements
This news release may contain forward looking statements based
on assumptions and judgments from management regarding future
events or results that may prove to be inaccurate as a result of
exploration, development and other risk factors.
Neither the 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.
John P.A. BudreskiPresident and CEO(416) 930-0914Dawson
BriscoManager Corporate Development(902)
466-7255info@morienres.comwww.morienres.com
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